UK ‘impact’ startups gain £2bn firepower in 2021, driven by climate tech sector November 29, 2021 Impact startups in the UK – defined as those founded to actively build solutions to the United Nations’ Sustainable Development Goals – have raked in £2bn in investment this year, according to a new Dealroom analysis. As investors grow increasingly wary of corporate greenwashing, so-called “impact investing” in companies that are founded to generate positive [...]
Exclusive: ‘If it ain’t broke, don’t fix it’ no longer applies as tech-daring UK companies are hungry for risk November 25, 2021 Enthusiasm for experimenting with new technologies is growing fast across UK businesses, largely because many companies are increasingly prepared to take more risks. Given the increased risk appetite and firms embracing tech, organisations are pumping more cash in new technological applications and platforms. In fact, 77 per cent of businesses with headcounts over 250 said [...]
AI crypto ratings company Evai announces staking fund November 22, 2021 The London-based company behind the innovative unbiased crypto ratings platform www.evai.io launched its proprietary EvaiStableFund today.
Lilian Thuram: Gareth Southgate sets a good example of what white people can do November 20, 2021 A bespectacled Lilian Thuram reaches for a map of the world and turns it upside down to illustrate his point. France’s most capped footballer is sitting at the desk of his office for this video interview, his studious appearance and the shelf full of books behind him indicating the direction he has taken since retiring [...]
Finance professionals should view technology as friend, not foe November 18, 2021 This article first appeared in ICAS’ CA magazine. Digitalisation is not an optional extra, but a chance to reimagine how we create value for business, clients and public, says Bruce Pritchard CA For those of a certain age, there’s been a blink-and-you’ll-miss-it element to the pace of technological innovation. In the past 30 years, we’ve seen [...]
China’s Baidu pulls in near $5bn revenue as AI turnover surges November 17, 2021 Internet services giant Baidu pulled in nearly $5bn in revenue in its latest quarter, climbing past analyst forecasts, despite China’s ongoing technology crackdown. Revenue jumped 13 per cent year on year to $4.95bn, while it secured $358m in operating income in the three months to September 30. The Beijing-headquartered company expects to pull in around [...]
Exclusive: Speedy Hire’s CEO on expanding into “untapped” consumer markets with B&Q deal November 17, 2021 Speedy Hire has recovered rapidly from the pandemic and is enjoying a healthy 28.2 per cent boost in revenues, lifting expectations for its full-year results. Its adjusted operating profit has grown to £16.2m, £9.9m higher than the first six months of Speedy Hire’s previous year. The FTSE-All Share listed tools and equipment rental specialist is [...]
Future of travel special: Pent-up wanderlust, streaming and, of course, a lot of tech November 16, 2021 After three strict lockdowns, the old adage ‘trip of a lifetime’ has never been more appropriate. Nearly two years into the pandemic, constant reminders of how precious life is have inevitably left their mark, bringing an increased awareness of what really matters, which is quite a motivation for many people to stop putting off that [...]
Tory MP paid £300,000 by private equity firm that invests in spy tech for China November 14, 2021 A Tory MP has been paid £300,000 by a private equity firm that invests in a spy technology company used by the China government against Uyghur Muslims. North East Bedfordshire MP Richard Fuller has been paid £20,000 a month since January 2020 to work as an advisory director for Investcorp Securities. It is one of four jobs [...]
Supply chain crisis could last until 2023, UK ports warn November 14, 2021 The supply chain crisis could last up until 2023, Associated British Ports (ABP) – the UK’s biggest port operator – has warned. ABP’s chief executive Henrik Pedersen, told the Sunday Times: “When you have congested container ports around the world, it takes a very long time to turn it around. We have a shortage of [...]