British tech consultancy Capco snapped up in $1.5bn deal March 4, 2021 British tech consultancy Capco has been snapped up by Indian software giant Wipro in a deal worth $1.45bn (£1bn). London-based Capco, whose clients include major names in the financial services industry, employs more than 5,000 consultants and operates in more than 30 locations around the world. Wipro said two firms had “complementary” business models, adding [...]
What will the new tech visa rules mean for UK fintechs? March 4, 2021 Among a raft of new measures announced in the Budget the Chancellor has launched a new visa scheme to retain and attract the tech industry’s top talent. Announcing the Budget on Wednesday Rishi Sunak laid out plans to introduce “fast track” visa applications for people with a job offer from a recognised UK scale-up, together [...]
Apple facing UK competition probe over app store dominance March 4, 2021 Apple is facing a competition probe in the UK over claims the way it treats app developers is “unfair and uncompetitive”. The iPhone maker has been locked in a long-running dispute with app makers including Epic Games, the company behind hit video game Fortnite, over the cut it takes through the App Store and on [...]
Deliveroo picks London for multi-billion pound listing March 4, 2021 Deliveroo has confirmed it will choose London for its long-awaited IPO. The delivery firm will list with a dual-class share structure in what will be a major boost for the capital. It is expected to be the largest float in London this year. It comes just a day after a Treasury-commissioned review by former EU [...]
Budget 2021: UK tech sector ‘delighted’ with spending plans March 3, 2021 The UK’s thriving tech sector has hailed Rishi Sunak’s spending plans in the Budget today, saying the chancellor was “backing tech in a big way”. Announcing the Budget this afternoon, Sunak unveiled a raft of new measures aimed at boosting both startups and established tech firms. “This government should be applauded for committing heavily to [...]
Online sales tax would ‘kneecap’ small retailers, startups warn March 2, 2021 The introduction of a new online sales tax would “kneecap” retailers and have a disproportionate impact on smaller businesses, UK startups have warned. In his Budget tomorrow, chancellor Rishi Sunak is expected to launch a consultation on new levies targeting online retailers such as Amazon and Asos that have seen their profits soar during the [...]
Darktrace appoints former BT boss to board ahead of £4bn float March 1, 2021 Darktrace has appointed former BT chief executive Sir Peter Bonfield to its board ahead of a potential stock market float that could value the cybersecurity giant at £4bn. Bonfield has more than five decades of experience in the tech sector, including a six-year tenure as boss of the blue-chip telecoms giant. He currently serves as [...]
Nvidia resists UK jobs guarantee after $40bn Arm takeover March 1, 2021 British chipmaker Arm is facing uncertainty over its future headcount as Nvidia resists a guarantee on jobs following its planned $40bn (£29bn) takeover. California-based Nvidia is in talks with the government over potential commitments linked to the mammoth merger, including maintaining Arm’s headquarters in Cambridge. The company has pledged to keep the chip giant in [...]
Tech platforms must be more transparent over news, says Reach boss March 1, 2021 Tech giants such as Facebook and Google must be more transparent over how they use news content, the boss of publishing group Reach has said. The social media companies have been embroiled in controversy surrounding their control over online media after Facebook blocked access to news in Australia. Jim Mullen, who leads the publisher behind [...]
How Bloodborne dragged me through the dark days of lockdown February 27, 2021 In the before-times, people like me – people in the prime of their working lives, three decades away from collecting a pension – would occasionally drift into reverie about what it might be like to retire. The books we would read, the places we would visit, the things we would create. Somewhere, the mother of [...]