Deliveroo: Boss Will Shu in £15m pay day after selling millions of shares September 16, 2024 The chief executive and co-founder of Deliveroo has received a pay day of almost £15m after selling more than 9m shares in the London-listed company. Will Shu has disposed of 9.4m shares worth £14.8m between 12 September and 16 September to “cover personal property investments”. Following the sell off, Shu retains 95.8m shares in Deliveroo. [...]
Virgin Media O2 to offload stake in mobile tower network September 13, 2024 Virgin Media O2 has reportedly agreed to offload roughly eight per cent of Britain's biggest mobile tower network as the telecoms group looks to fund the expansion of its fibre broadband and mobile operations.
Garmin predicts further sales boost as wearable fitness tech surges September 11, 2024 Wearable technology giant Garmin has predicted its European sales will surge by 14 per cent in 2024 thanks in part to new products being launched. The Southampton-headquartered division made the forecast in newly-filed accounts with Companies House which revealed an increase in both its turnover and pre-tax profit during 2023. The results show that Garmin [...]
Trustpilot shares jump on earnings beat and £20m buyback September 11, 2024 Shares in Trustpilot have jumped after the global review platform reported higher-than-expected earnings for the first half of 2024 and unveiled a new share buyback. The FTSE 250 firm gained as much as 9.3 per cent in early trading on Wednesday. Its stock price has surged 157 per cent over the last 12 months. Trustpilot [...]
Computacenter’s profit drops nearly a third as UK customers take ‘greater caution’ September 9, 2024 London-based tech firm Computacenter has reported that its profit slumped by nearly a third in the first half of 2024 amid weaker than expect demand in its home market.
Google accused of using its dominance to harm the competition September 6, 2024 Google has been accused of using “anti-competitive practices” which harm thousands of publishers and advertisers in the UK. The Competition and Markets Authority (CMA) said it has provisionally found that the US giant could be negatively impacting rivals over open-display advert technology. According to its findings, the watchdog said that when placing digital adverts on [...]
Lloyds Bank and Nationwide hit by online issues as Microsoft reports outage September 2, 2024 Lloyds Bank and Nationwide have apologised to customers for issues affecting their online services amid a report from Microsoft about a fresh outage that affected its public cloud computing platform.
Hewlett Packard set to pursue Mike Lynch’s widow for up to £3bn September 1, 2024 Hewlett Packard Enterprise (HPE) is set to pursue the widow of Mike Lynch for up to $4bn (£3bn) in a continuation of its long-running claim against the UK tech mogul following his death in the Bayesian yacht sinking.
Seat Unique: Meet the Oasis ticketing platform backed by sports stars and advised by business giants August 28, 2024 Seat Unique, which is set to sell premium packages for Oasis‘s comeback tour, has raised £14.5m to continue its expansion. The London-headquartered company has secured the funding through a Series A round led by Nickleby Capital. Seat Unique has previously secured the backing of Dame Jessica Ennis, John Terry, Matt Dawson, Ben Stokes, Sam Warburton [...]
Tech firm Pebble Beach Systems reports ‘strong sales pipeline’ despite market challenges August 21, 2024 Tech firm Pebble Beach Systems expects a positive year ahead as the software group reported a “strong sales pipeline” despite challenging market conditions. The firm, which specialises in playout, content management and IP control solutions for broadcast and media tech markets, reported a 21 per cent jump in Service Level Agreement (SLA) revenue to £3.1m, [...]