Ada Health lands €40m from Len Blavatnik, Amazon Alexa creator William Tunstall-Pedoe and Google business chief Philip Schindler’s June Fund October 31, 2017 The company behind a healthcare app which can help diagnose symptoms has landed a multi-million pound round of funding from investors, who include a top Google executive, the man who created Amazon's Alexa voice assistant and one of Britain's richest billionaires. London and Berlin based Ada Health has raised €40m (£35.2m) to grow the business [...]
Royal Mail share price has dropped five per cent: Here’s why October 31, 2017 Royal Mail’s share price dropped by five per cent this morning, after being downgraded by a major bank. The stock dropped as low as 370p, from yesterday’s closing price of 389.7p, after Credit Suisse changed its rating on the beleaguered postal service company from neutral to underperform, with a target price of 325p. “We expect [...]
HMV overtakes Amazon in fight for dwindling DVD and Blu-ray sales October 30, 2017 The decline of DVDs and Blu-rays has allowed HMV to overtake Amazon to be the biggest seller of physical films in the country. HMV has fared well with new releases such as Beauty and the Beast and Logan to take its market share of physical video sales up six points to 22.5 per cent. Amazon’s [...]
Open Banking and PSD2 are a boon to banks, not a burden October 30, 2017 The EU’S second payment services directive (PSD2), set to come into force next year, will require banks to share current account information with third parties through APIs — providing the customer gives consent. This will allow new companies to innovate with an important data source, giving the market a much-needed competition boost. While these innovations [...]
DEBATE: Are Open Banking and PSD2 a real threat to banks? October 30, 2017 Are Open Banking and PSD2 a real threat to banks? Mike Gordon is chief executive of Callcredit, says YES. Banks make most of their money from a few products, which they package along with current accounts. Open Banking and PSD2 will change this model, as shown by our recent research with Ctrl-Shift. Open Banking requires [...]
Amazon CEO Jeff Bezos just became the richest man in the world (again) after its share price jumped October 27, 2017 Jess Bezos has become the richest man in the world after Amazon shares shot up more than 10 per cent, taking them well past the $1,000 mark. It is the second time this year that Bezos has overtaken Bill Gates as the richest man in the world, briefly knocking him off the top spot back [...]
NFL fan? These are London’s 10 best sports bars to watch US sports October 27, 2017 With the NFL and NBA seasons in full flow and the MLB world series reaching its climax, it's time to crack out your best Stars and Stripes garb and head out to an American sports bar. We've rounded up the capital's 10 greatest places to watch US sports – whether it's a bloody brawl on [...]
Amazon share price surges on strong earnings as sales rise by more than a third and cloud services boost profit October 26, 2017 Amazon shares rose more than seven per cent in after-hours trading, after the tech giant announced better than expected earnings and sales up by a third. Read more: Banks should be worried about Amazon rather than fintech, says McKinsey The figures Amazon beat expectations with a 34 per cent rise in sales to $43.7bn for [...]
Love it or hate it, you can’t halt the momentum of Silicon Valley October 26, 2017 Opposition and doubt always accompany any great change. The rise of computer technology over the last 30 years is no different than the invention of the car or the light bulb in this respect. The innovations that Silicon Valley has produced have shaken just about everything we thought we knew, and made us question the [...]
Royal Mail boss Moya Greene to lead fresh talks in hope of breaking Christmas strike deadlock October 25, 2017 Royal Mail boss Moya Greene will lead talks with the firm’s main union in the hope of breaking the deadlock in a long-running industrial dispute that threatens a Christmas shutdown. The Communication Workers Union (CWU) and the postal giant have agreed on the appointment of a mediator to oversee seven weeks of talks. Professor Lynette [...]