There’s a new £260m fund eyeing UK tech startups November 7, 2016 UK-based venture capital fund Scottish Equity Partners has raised £260m for a new fund to invest in high growth tech companies in the UK and Europe. Previous investments include fashion site Matches.com, unicorn startup Skyscanner and language app Babbel. Read more: IG Group boss joins fintech startup board The latest fund, SEP V, is eyeing growth [...]
How SoftBank won “national interest” backing from Theresa May for its “game-changing” Arm takeover November 7, 2016 Even the most devout follower of the London Stock Exchange’s RNS feed may have been confused by a statement issued by SoftBank last week. The Japanese lender published the number of staff employed by British tech giant Arm, a company it acquired in a £24bn mega-deal over the summer, as at 5 September. The figure, [...]
Five ways tech is helping the US vote for its next President November 7, 2016 Donald Trump or Hillary Clinton? Whichever way the US goes, voters are being given a helping hand by technology. The hotly contested race for the White House is nearly over, but the likes of Google and Uber have joined the final push to get millions of Americans out to vote. Every little helps, after all. 1. Google [...]
SoftBank’s boss wants to be the Warren Buffett of tech November 7, 2016 The boss of Japanese telecoms giant SoftBank, which snapped up UK chip maker ARM in a multi-billion pound deal earlier this year, has laid out ambitious plans for its new technology investment strategy. Chairman and founder Masayoshi Son said he wants to become the Warren Buffett of tech, handing over responsibility for the day to day [...]
Top 10 passwords that leave you open to a cyber attack November 7, 2016 Very few people are immune to the struggle that is trying to keep track of the passwords to all the various online accounts that come part and parcel of modern life. With passwords required for everything from email accounts to online banking and shopping, it's understandable that people will opt for something easy to remember [...]
Tesco Bank halts online payments after thousands of customers affected by fraudsters November 7, 2016 Tesco Bank has halted online payments for its current account customers due to fraudulent activity over the weekend. The bank identified "suspicious activity" via its fraud prevention systems on Saturday and yesterday warned thousands of customers that they may have been targeted by fraudsters. Today, chief executive Benny Higgins said online transactions from current accounts had [...]
Here’s how much less women in tech get paid compared with men November 7, 2016 Women working in the technology industry in the UK are being short changed. They are earning nine per cent less on average than their male counterparts in the same job, losing out on around £5,000 per year. And women in the UK are losing out more than those working in tech in other top hubs [...]
IG Group boss joins fintech startup board November 7, 2016 A top boss at spreadbetter IG Group has joined the board of a startup opening up high level investments to individual private investors. Ian Peacock, head of UK and Ireland at the FTSE 250 firm, will join the advisory board of CoInvestor, an alternative investment platform which lets investors put their cash into assets usually reserved for institutional investors. The six [...]
Britain must raise its game on innovation to make a success of Brexit November 7, 2016 The UK economy has so far proved hardy in the face of the vote to leave the EU. While GDP growth has slowed, it’s been higher than many had expected – consumers continue to spend on the high street and exporters have been taking advantage of a weaker sterling. But uncertain times are still ahead [...]
AI firm ASI Data Science raises £1.5m investment with backing from Skype founding engineer November 6, 2016 Jaan Tallinn, one of the men behind Skype, has backed a London firm that trains computer scientists in using artificial intelligence (AI). According to the Sunday Times, ASI Data Science, which works with the likes of easyJet and the BBC, has landed £1.5m of new investment, with LocalGlobe another backer. LocalGlobe was set up by [...]