Soccer stock market Football INDEX raises £500,000 in just two weeks April 20, 2016 The first "football stock exchange", Football INDEX, has raised £500,000 investment as part of a crowdfunding fundraise. Football INDEX, launched by Jersey-based gambling operator BetIndex Ltd, launched six months ago and currently boasts of 13,000 active traders who have deposited £800,000 in six months. The platform operates like a futures market in allowing fans to bet on [...]
Europe vs Google: EU accuses Google of breaking antitrust rules with Android April 20, 2016 Brussels has accused Google of violating antitrust rules in Europe via its Android operating system. The European Competition Commission has filed formal charges against the company, which it believes "implemented a strategy" on mobile that favoured its own search. Competition chief Margrethe Vestager said: "A competitive mobile internet sector is increasingly important for consumers and businesses in Europe. Based [...]
ARM Holdings share price surges as it shakes off smartphone struggles with profit rise April 20, 2016 UK chip maker ARM has shaken off that smartphone slowdown with expectation-busting first quarter results. The figures Pre-tax profit surged 14 per cent to £137.5m in the three months to the end of March on revenues of £276.4m, a rise of 22 per cent and slightly ahead of expectation. It shipped 4.1bn chips, up 10 [...]
Intel shares drop three per cent in after hours as tech company announces plans to cut 11 per cent of its global workforce April 19, 2016 Tech giant Intel has announced it plans to cut 12,000 jobs globally – equal to around 11 per cent of its workforce. Intel announced the job losses in its results for the first quarter of 2016, and said it had made the decision based on its plans to refocus on its data centre business as [...]
More proof Apple’s iPhone sales are stalling April 19, 2016 Have we reached peak Apple? The tech firm warned at the start of the year that its sales would slow, and now new research is out showing that has indeed come to pass. Shipments fell more than 43 per cent to 42m at the start of the year from 75m at the end of 2015, according to research [...]
Netflix share price tumbles on subscription slowdown, sparking takeover speculation April 19, 2016 Shares in Netflix have tumbled like a house of cards, down more than 10 per cent after subscriber numbers failed to hit estimates – indicating a slowdown in growth. The streaming service forecast half a million new additions to its service in the US by June, and two million around the rest of the world, below [...]
Meet Apple’s newest Macbook colour (and the battery lasts longer too) April 19, 2016 Apple has a new Macbook, and it comes in a colour that it's been fond of for its phones for quite some time. Rose Gold is the latest addition to the range with the newest updated Macbook, and there's also one new thing that is likely to keep users happy – a better battery life. [...]
Drones banned in London for Barack Obama’s visit to the UK April 19, 2016 A ban has been placed on drones across London when the US President visits the capital later this week. Between Thursday evening and Sunday morning the devices will be grounded by the ban, as "part of the overarching security plan" for Obama's visit. The ban was instigated by the secretary of state for transport Patrick McLoughlin and [...]
Last remains of failed unicorn Powa Techologies to be sold this week April 19, 2016 Powa Technologies, one of the UK's first "unicorn" billion dollar startups, has found a buyer for the remaining part of its business after collapsing into administration earlier this year. Administrator Deloitte has found an as yet unnamed buyer for PowaPOS, the last of its three businesses, and is expected to finalise a deal by the end of [...]
Death of a unicorn: Inside one of the biggest startup failures of all time – and Powa Technologies boss Dan Wagner’s surprise statement April 18, 2016 Powa Technologies, once valued at more than $1bn making it one of Britain's rare breed of so-called unicorns, collapsed into tech myth earlier this year. In fact, it was one of the most well funded startups in the world to ever fail, according to tech data gurus at CB Insights, after raising multi-millions of pounds worth [...]