Zoom cuts earnings forecasts for the year in the march back to the office August 23, 2022 Zoom has cut its earnings forecasts for this year, having recorded its lowest quarterly revenue growth yet. The pandemic communications darling had revenue rise eight per cent to a little over $1bn (£851m) in the second quarter, Zoom’s “fifth straight quarter with revenue of over one billion dollars”, chief financial officer Kelly Steckelberg said in a [...]
Musk launches legal request to summon Twitter founder Dorsey to court August 23, 2022 Elon Musk has launched a legal request to summon Twitter co-founder Jack Dorsey to court in his battle to walk away from a $44bn deal to buy the social media company, according to a court filing.
Business secretary clears deal for BT shares by French billionaire Patrick Drahi August 23, 2022 The acquisition of BT shares by French billionaire Patrick Drahi’s Altice has been cleared by the business secretary after a review under the National Security and Investments Act (NSIA). Drahi’s company is now set to increase its BT stake from 12 per cent to 18 per cent, after announcing the decision in December. In a [...]
Arm CEO: UK’s semiconductor strategy must make it easier to hire overseas talent August 22, 2022 The UK’s upcoming semiconductor strategy must make it easier for overseas talent to work in the country, the boss of British computer chip designer Arm has said today. Speaking to The Times, chief executive Rene Haas said that policy which makes it “easier for engineers to move across borders to be hired” would be “hugely [...]
Britishvolt founder and CEO steps down, passing reins to former Ford chairman August 22, 2022 The founder and CEO of battery technology giant Britishvolt has stepped down from the role, handing over the reins to deputy CEO and former Ford chairman Dr Grahan Hoare OBE. Orral Nadjari, who had held the position since the company’s inception in 2019, said in a statement today: “Although it was a difficult decision for [...]
Open Orphan subsidiary to trial influenza antiviral for Big Pharma firm in £10m deal August 22, 2022 A subsidiary of clinical research firm Open Orphan has inked a £10.4m contract with a Big Pharma client to test an influenza challenge virus and an antiviral product in human trials. The London-listed firm’s challenge trials company hVIVO has seen a rise in pharmaceutical companies looking to test their vaccines and antivirals against specific subtypes [...]
Vodafone strikes deal to sell Hungary operation for £1.53bn August 22, 2022 Vodafone has struck a deal with a Hungarian tech firm 4iG and state-backed Corvinus Zrt to sell off its operations in the country for €1.8bn.
Apple says security flaw could allow full control over devices August 19, 2022 Apple has said it has discovered a serious security vulnerability in its iPhones and iPads that could let hackers take full control over their devices. In an update, Apple said it had discovered a vulnerability that could let an application “execute arbitrary code with kernel privileges,” meaning hackers could obtain full access to devices. The [...]
Helios Towers revenue swells as it sets aside $650m for acquisitions spree August 18, 2022 Telecoms infrastructure company Helios has had its revenue swell by a quarter to over $265m, following a M&A spree in Africa. The London-listed firm, which focuses on the Middle East and Africa for its telecoms infrastructure, has also seen its phone tower sites jump by more than 2,000 over the past year to some 10,700 [...]
Exclusive: Three names Iain Milligan as new Chief Network Officer to drive 5G rollout August 18, 2022 Three UK today announced that Iain Milligan has been appointed the new Chief Network Officer (CNO), responsible for the rollout of the firm's 5G growth.