Sage revenues jump as firms plough cash into cloud August 2, 2022 Software giant Sage Group said revenues had jumped to £1.3bn today as firms continue to plough cash into digital transformation projects sparked by the pandemic.
UK tech safety revenue and jobs soar as landmark bill gets shelved till autumn August 2, 2022 Despite the landmark Online Safety Bill being shelved until the autumn, UK safety tech sector’s revenues jumped 21 per cent to £381m in the last year.
Chancellor resumes efforts to woo Arm away from Nasdaq listing July 31, 2022 Chancellor Nadhim Zahawi has resumed the UK Government’s efforts to woo Cambridge-based chip maker Arm away from a New York listing and back to London. Zahawi – who was appointed Chancellor following Rishi Sunak’s resignation in early July – has reportedly contacted Masayoshi Son, chief executive of Arm’s parent company SoftBank. SoftBank was in talks [...]
US and Japan to split semiconductor research amid national security concerns July 30, 2022 The US and Japan have inked an agreement to set up a shared research centre for next-generation semiconductors, as supply of the in-demand tech becomes increasingly tied to national security. At a meeting in Washington on Friday, Japanese trade and foreign ministers Koichi Hagiuda and Yoshimasa Hayashi, with US secretary of state Antony Blinken and [...]
UK tech components maker mulls moving out of Sri Lanka amid unrest July 28, 2022 UK electronic components maker DiscoverIE could transfer its Sri Lankan operations to China or India amid political unrest in the country. The London-listed firm, which designs and manufactures computer chips and transformers for the wind energy market, has drawn up contingency plans to ensure output levels remain the same as the company experiences heightened demand. [...]
Lithium battery maker to build £190m megafactory in the UK in global EV push July 28, 2022 Lithium battery maker AMTE Power is set to build a so-called megafactory in the UK, in a bid to build on “a strong heritage of innovation” in the country as opposed to mainland Europe, which has equally attractive financial incentives. The London-listed firm, which also makes sodium batteries to store renewable energy, saw shares surge [...]
GSK hikes profit and sales forecasts in first results as focused biopharma firm July 27, 2022 GlaxoSmithKline (GSK) has hiked its operating profit and sales forecasts for this year, in its first results as a newly focused biopharma firm. Bosses at GSK now expect adjusting operating profit growth of between 13 and 15 per cent, and sales growth of around six and eight per cent, with guidance lifted by one [...]
Billions in US subsidies risk luring British semiconductor firms across the pond July 27, 2022 The $52bn semiconductor subsidy package president Joe Biden is pushing through Congress is a “huge risk” to the UK’s chip making industry. While Britain lacks a clear strategy on computer chips and an advisory board, unlike global competitors the US, Taiwan and Germany, billions in subsidies could lure UK-based businesses across the pond. Asked about [...]
Alibaba eyes Hong Kong primary listing as US audit row continues July 26, 2022 Alibaba is seeking a primary listing in Hong Kong as the e-commerce giant attempts to lure in more mainland Chinese investors.
Exclusive: Second Home dodges bankruptcy and eyes US expansion with fresh funding July 26, 2022 Shared office space firm Second Home has scooped a £7.5m funding package to dodge bankruptcy and is now eyeing up expansion in the US, Morning Wire can reveal.