OnlyFans should fork out more UK VAT for its subscribers, EU advises September 15, 2022 OnlyFans has been told by EU court advisors that it may need to fork out VAT on the full amount paid by subscribers, not just a discounted sum. OnlyFans’ parent firm Fenix took an initial grievance about VAT to a UK tribunal after HRMC ordered the UK based firm to pay VAT on all the [...]
Drop in Covid-19 vaccine demand swings Oxford Biomedica to a loss September 15, 2022 A drop in Covid-19 vaccine demand and manufacturing has swung British biotech firm Oxford Biomedica to a revenue loss in the half of the year. The London-listed firm, which worked with AstraZeneca’s to produce its Covid-19 vaccine, has revenue slip more than 20 per cent to £64m in the six moths to 30 June, down [...]
EU upholds record fine against Google over Android forcing it to cough up £3.5bn September 14, 2022 The EU has largely upheld its record antitrust fine against Google this morning, marking a major blow for the tech giant.
M&A Roundup: HY 2022 September 13, 2022 | City Talk This year has been challenging on many levels – inflation is impacting economic demand, the cost of living crises carries on, and the war in Ukraine continues. However, in terms of M&A, EMEA is withstanding the headwinds rather well. Per Mergermarket figures, deal count totalled 4,963 compared with 6,182 in H1 2021, a fall of [...]
Renewable energy: the way forward for Europe? September 13, 2022 | City Talk In European energy, Russia’s invasion of Ukraine has defined the market so far in 2022. Gas prices have soared, exacerbating inflation. How organizations, consumers, and governments respond could mark the beginning of an evolution in European energy. Is renewables the way forward for Europe? Renewed interest?Policymakers know they must move swiftly on renewables, but dealmakers [...]
Twitter shareholders on verge of approving Elon Musk takeover September 13, 2022 TWITTER whistleblower Peiter Zatko was grilled in the US Congress this afternoon, adding further ammunition to Elon Musk’s legal battle with the social media giant over his stunted takeover. Twitter’s former head of security, who was fired last year, accused the company of misleading regulators about cyber security, as well as its management of bot [...]
British biotech giant Oxford Nanopore revenue boosted by ‘burst’ of Omicron September 13, 2022 The muting of Covid-19 revenue at British biotechnology company Oxford Nanopore has been delayed by the “burst” of Omicron, however, related government contracts continue to dry up as cases fall. The company had warned investors of a ‘tapering’ of Covid-related revenue last year. And has also dialled back revenue expectations for its Emirati Genome Program [...]
Aveva nears closure on multi-billion-pound Schneider buyout September 12, 2022 London listed software developer Aveva is near to closing a deal that would see it fully taken over by French industrial giant Schneider Electric. The two companies are in discussions for Schneider to acquire the roughly 40 per cent stake in Aveva that it does not already own, at a price of £30 a share, [...]
Netflix teams up with Ubisoft in video game push September 11, 2022 Netflix have announced plans to team up with video gaming giant Ubisoft as the streaming giant expands its offering amid subscriber concerns. The streaming giant revealed this weekend that it would be working with the French tech firm to create three games based on the gaming ‘universes’ of Valiant Hearts, Mighty Quest and Assassin’s Creed. [...]
UK chips strategy must lure investment, says Dell executive September 9, 2022 The UK’s semiconductor strategy must make the country a more attractive destination for investment, a Dell executive has told Morning Wire “We would like a business friendly, technology friendly environment, where it’s easier for us to invest more and its easy for us to see opportunities for us to make a positive difference,” Adrian McDonald, president for Europe, [...]