Buy-now pay-later payments surge to $120bn after e-commerce take-up May 26, 2022 Payments via buy-now pay-later products (BNPL) rocketed to $120bn last year after a surge in adoption by e-commerce giants like Amazon and Shopify, fresh data has revealed.
Competition watchdog probes Google over distortion of digital advertising market May 26, 2022 The competition watchdog has launched a probe into whether Google has behaved illegally by limiting competition in the digital advertising tech market. The Competition and Market Authority (CMA) unveiled a second investigation into the tech giant, after scrutinising an agreement between Google and Meta. Google is a dominant player within advertising tech intermediation – referred [...]
Klarna pulling back from growth to focus on profits, boss says May 26, 2022 Buy-now pay-later giant Klarna is shifting away from a high-growth strategy to focus on a fast-track route to profitability, boss Sebastian Siemiatkowski said today.
Chipmaker Broadcom confirms blockbuster $61bn deal for software firm VMware May 26, 2022 US chipmaker Broadcom will purchase cloud firm VMware in a deal worth £48.5bn, making it one of the largest tech acquisitions of all time. Broadcom is to snap up the Palo Alto-based company in a cash-and-stock transaction valued at $61bn, it was confirmed on Thursday. The transaction is based on the closing price of Broadcom [...]
Space SPACs: Uncertainty surrounds the mega-IPOs of the future May 26, 2022 The climate and energy crisis on Earth has markets rattled, but could investors be wooed by the plan to put nuclear energy plants on the moon and make humans interplanetary? Jeff Bezos’ Blue Origin and Elon Musk’s SpaceX, and satellite spinoff Starlink, have been pegged by analysts to be the mega-IPOs of the future for [...]
Tech giant AGM: Amazon shareholders reject investor-led proposals on workers’ rights May 25, 2022 Amazon shareholders voted down all investor-led proposals at the tech giant’s AGM on Wednesday afternoon. Among the 15 shareholder proposals, rejected resolutions included those critical of the company’s use of plastics and particular concealment agreements in contracts. The $1tn e-commerce giant had pushed back against all of the shareholder proposals, the highest number it has [...]
Apple UK iOS economy supports 440,000 tech jobs across the country May 25, 2022 Apple announced that the UK iOS app economy has posted record growth in 2021, supporting more than 440,000 jobs. Not only is this a boost of 21 per cent compared to 2020 levels, but it also makes the makes the UK the leading provider of iOS app economy jobs in Europe. Indeed, the number of smaller UK [...]
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Dyson looking to hire hundreds of new engineers as tech giant wants every Brit to use home assistant robots within years May 25, 2022 As Dyson has started to preview plans to build home assistant robots – it wants to have them in UK homes by the end of the decade -the tech company has issued a call to robotics engineers to join. The UK-founded firm announced plans to open a robotics centre at Hullavington Airfield in Wiltshire, where [...]
Boeing prepares to bring Starliner home, as spaceship helps restore its reputation May 25, 2022 Aerospace giant Boeing is prepping to bring its Starliner capsule back to Earth today, following its successful docking at the International Space Station (ISS) five days ago. It will be the final step in the test flight, which will prove whether Boeing’s unmanned space vehicle will be a viable option for astronauts being ferried to [...]