Cyber success is vital to the UK’s future January 30, 2020 From the Bletchley Park codebreakers to Tim Berners-Lee and the invention of the World Wide Web, the UK has a rich heritage of computing technologies. We see this pedigree coming through in our cyber businesses. Take Darktrace, the UK’s first cyber firm valued at over £1bn, which is changing the way businesses protect critical data [...]
Inside Amazon’s Black Friday operations hub: How the e-commerce giant prepares for its busiest day of the year November 29, 2019 Where could be a better place to witness the behind-the-scenes impact of Black Friday than at the heart of Amazon’s UK warehouse operations? Some of the credit – or perhaps, blame – for the annual shopping event’s popularity in Britain surely lies with the US e-commerce giant. The fulfilment centre – which is the size [...]
Revealed: The 50 fastest growing tech companies in the UK November 8, 2019 Firms based in London dominate a new ranking of the 50 fastest growing tech companies in the UK. Fintech bank Revolut took poll position as the technology firm with the quickest revenue expansion in the index, compiled by audit firm Deloitte. Read more: Gocardless and Transferwise join forces for global recurring payments service Revolut racked [...]
KKR to target record $15bn in Asia-focused buyout fund November 7, 2019 Private equity giant KKR is said to be targeting a record $15bn (£11.7bn) raise for its planned Asia-focused buyout fund. The fundraising is set to begin early next year, with the aim of reaching its first close — the minimum threshold to make investments — by June, people familiar with the matter told Reuters. The [...]
Hackers with links to North Korea have hit a critical nuclear power plant in India October 31, 2019 India has admitted its newest nuclear power plant has fallen victim to a cyber attack, illustrating how exposed one of the most valuable sectors to the emerging economy is to cyber criminals. The Kudankulam nuclear power plant was hacked using malware which is designed to extract data which has been linked to Lazarus Group, which [...]
Adventure capital: Young firms offer strong returns, so why aren’t pensions invested? September 25, 2019 Are you taking on enough risk? Because a common concern among money experts is that pension savers, particularly those who won’t reach retirement age for decades, are not. If you have opted for your pension provider’s default fund, it’s highly likely that you will be invested in companies that are well-established, but only give you [...]
Monzo beats Revolut to be crowned Linkedin’s best UK startup to work for in 2019 September 4, 2019 Challenger bank Monzo has been named Britain’s most-desirable startup for young professionals to work at, beating fellow challenger bank Revolut to the top spot. Social media giant Linkedin put Revolut in second place, while Starling Bank and Tide were also included in the top 10. Read more: Fintech firm Revolut leads list of UK’s top [...]
Tech startups attract record $6.7bn in foreign investment August 21, 2019 British tech companies have attracted more foreign investment in the past seven months than in the whole of 2018, racking up $6.7bn (£5.5bn) in funding. More than half of that amount came from US and Asian investors. As such, the UK is now receiving more non-domestic capital, per capita, than the US, according to data [...]
Tech investor raises a record $100m in capital June 27, 2019 London venture capital firm Talis Capital has secured a record $100m (£78.8m) to invest in tech startups across the UK, Europe and US in 2019. The firm has previously backed the likes of Darktrace, Iwoca, Onfido and Luminance. Unlike other venture capital firms, Talis Capital is backed by a network of private investors and does [...]
Microsoft Outlook and Hotmail accounts accessed by hackers April 15, 2019 Microsoft has admitted that hackers had access to some of its Outlook, Hotmail and MSN email accounts for at least three months. The software company would not say how many accounts were compromised in the breach that lasted from 1 January to 28 March. Hackers stole login credentials for a Microsoft customer support agent and [...]