We need more than a charm offensive for SoftBank’s microchip firm to list in London January 20, 2023 SoftBank-owned microchip firm Arm is in Rishi Sunak's sights for a London listing and a win for the UK's tech scene. But we need more than just love from No10 to boost our attractiveness to the tech world, writes Ian Manocha.
Uber marks first-ever adjusted profit, swinging from last year’s $625m loss November 4, 2021 Ride hailing giant Uber has posted its first-ever adjusted profits in its last quarter, swinging from an eyewatering $625m loss just a year ago. The $8m profit marks a turning point from both its ride hailing and food delivery divisions. Consumers have begun travelling in greater numbers again, after a more than a year of [...]
Synairgen shares collapse 94 per cent as results disappoint February 21, 2022 Biotech firm Synairgen saw shares collapse by 94 per cent today after its asthma drug proved a poor treatment for Covid-19 in trials.
Osborne investment firm hands out millions to trio December 19, 2021 Three partners at Robey Warshaw, an investment firm that enlisted the services of former chancellor George Osborne this year, have reaped in millions in profits. The trio shared £30m in profits in the first year of the pandemic, according to filings at Companies House. Last year, Robey Warshaw generated nearly £18m in distributable profits. Osborne [...]
Ericsson exceeds market expectations with 5G boom offsetting Chinese losses January 25, 2022 Ericsson exceeds expectations as the Swedish firm benefits from the roll out of 5G networks, offsetting loss of Chinese market share.
London Stock Exchange raises nearly £17bn in highest IPO funding since 2007 December 29, 2021 London Stock Exchange (LSE) companies have raised the most IPO funding in one year than in the last 14 years. Combined the 122 companies listed on the LSE raised over £16.8bn in 2021 – beating competition from the top exchange in Europe and raising the most equity outside of the US and China. The LSE’s [...]
Safe for now: Uber weathers labour and cost of living crunch but faces a rocky road ahead May 4, 2022 Uber seems to weather the wrath of labour and cost of living uncertainties, with quarterly revenue shooting up 136 per cent to $6.9bn.
London Stock Exchange Group boosts dividend amid booming profits and rising revenues March 3, 2022 London Stock Exchange Group enjoyed strong revenue growth and profits across all divisions last year, and has upped its final dividend.
Facebook owner Meta touts AI might as digital ads boost outlook April 27, 2023 Meta Platforms CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. Meta shares surged 12 per cent in after hours trading, adding over $50bn (£40.06bn) to its market value and continuing a rally [...]
Pinterest’s active users drop as pandemic boom wanes February 3, 2022 Pinterest monthly active users declined six per cent during the fourth quarter to the lowest since June 2020, signalling that a pandemic-driven surge in demand was cooling off as easing restrictions encourage people to step out more. The image sharing platform’s monthly active users (MAUs) – a key metric that shows engagement levels on the [...]