Ex-William Hill online boss Andrew Lee joins money transfer firm WorldRemit July 26, 2016 The former managing director of William Hill Online has joined money transfer service and London-based startup WorldRemit. Andrew Lee spent four years at William Hill, during which time he led the firm's online growth. Before joining the gambling group, he worked at Jefferies International, Bank of America Merrill Lynch and Dresdner Kleinwort, among other places. Lee, who announced [...]
Yah-ooh dear: Verizon reports five per cent revenue fall July 26, 2016 Verizon Communications, the US company that yesterday announced a $4.83bn (£3.7bn) deal for the internet business of Yahoo, has reported a more than five per cent drop in revenue. The figures Total operating revenues for the second quarter of 2016 were $30.5bn, down 5.3 per cent on the same period in 2015. Analysts had expected the [...]
Biotech, robots, Fangs – what’s the hottest tech to invest in? July 26, 2016 The sudden craze for mobile game Pokémon Go has brought the spotlight back onto the potential for investors in technology. The game became the fastest-adopted in history following its release two weeks ago, and shares in co-owner Nintendo rose a massive 70 per cent. The share price has since been tempered with a 17 per cent [...]
VCs have invested $200m in UK tech since Brexit July 25, 2016 The UK's tech sector is defying the Brexit blues, with more than $200m (£152.5m) of venture capital cash ploughed into startups since the vote to leave the EU on 24 June. Top tech leaders heralded the 42 deals which have been made in the past month as the data is an early indicator that the UK [...]
Yahoo + AOL = Verizon’s online media now has more eyeballs than Google July 25, 2016 There are now more users heading to online media owned by Verizon than Google. That's the surprising fact following the US carrier's deal for Yahoo's internet business for $4.83bn. Yahoo combined with the various parts of AOL such as the Huffington Post,TechCrunch and more, mean Verizon's digital media audience is now bigger than that of Google's sites. According [...]
Veri-hoo? The $4.83bn Verizon Yahoo deal is go – here’s what you need to know July 25, 2016 It's official: the US telecoms firm Verizon has snapped up the messy internet business of Yahoo in a deal worth $4.83bn (£3.7bn). That includes such things as Yahoo's online search, Yahoo Mail and instant messaging, and – perhaps most importantly – its ad business. Yahoo first announced it was on the chopping block earlier this year several firms [...]
The surprise winners and losers from Pokemon Go July 25, 2016 Who's the biggest winner from the Pokemon Go craze? Who wouldn't be saying Nintendo at this point in time? But, it's more like Pokemon No… The Japanese games firm today revealed that the hottest game in town will only have a limited impact on its profits after all. Say what? Yep, read on to find out why [...]
Watch out Apple? Huawei revenue jumped this year July 25, 2016 Revenues at the Chinese smartphone maker Huawei jumped 40 per cent in the first half of the year. The figures Revenue for the year to the end of June came in at 245.5bn (£28bn), up 40 per cent on last year's 175.6bn yuan, however, its operating margin fell to 12 per cent from 18 per cent in [...]
Farewell Vestberg: Share price up as Ericsson chief exec steps down, effective immediately July 25, 2016 Ericsson's chief executive is stepping down from his role, effectively immediately, to make way for a fresher outlook, the company announced today. Hans Vestberg, who has been with the company for almost 30 years including seven at the helm, will be leaving all assignments as of today but will be on call during the next six [...]
December was the mildest it’s been in 350 years and the rainiest in a century July 25, 2016 Last December was the warmest on record dating back 350 years, forecasters at the Met Office havediscovered. It was also the rainiest month on record for more than a century, while 2015 ranked as the seventh wettest year ever recorded. "The weather during 2015 contained many notable features and I’m sure that everyone will have a personal memory [...]