Warehouse REIT heads for London Stock Exchange as it seeks to capitalise on the rise of e-commerce and consumer demand for fast deliveries August 21, 2017 A warehouse investment company that works with Amazon and Asda is planning to float on the London Stock Exchange. The real estate investment trust (REIT) is newly incorporated and will be seeking to raise £150m. After flotation, Warehouse REIT will seek to invest in UK assets in urban areas. It has already agreed to deal [...]
Bill Gates gives away $4.6bn in Microsoft shares to the Bill and Melinda Gates Foundation charity August 15, 2017 Bill Gates has given away $4.6bn (£3.6bn) in shares in Microsoft, in his biggest charitable donation since 2000. The world’s richest man gave away 64m shares in the firm to the Bill and Melinda Gates Foundation, the development charity he runs with his wife, in June, according to a filing to the US regulator, the [...]
Renting DVDs from Lovefilm was actually still a thing… until Amazon closed it today August 14, 2017 Lovefilm is closing down. Didn’t know it was still around? No, us neither. The DVD rental by post service which was a true success of British tech and the dotcom era has finally been shuttered by Amazon, which acquired the startup in 2011 for £200m. If you’re wondering who might still be using Lovefilm, let [...]
How to get ahead in fintech: Four courses for studying banking disruption August 13, 2017 There’s one word on everyone’s lips in the Square Mile and beyond these days… fintech. For the uninitiated, the portmanteau of financial technology threatens to bring the disruptive innovation felt already in industries such as retail by the likes of Amazon to the traditional world of banking. And for those looking to stay ahead of [...]
Scouting Silicon Valley: Premier League clubs are on the hunt for digital experts to bolster the boardroom August 11, 2017 Every transfer window brings with it an arms race between Premier League clubs for the world’s top talent, yet this summer teams have been scouting the geniuses of Silicon Valley alongside the goalscorers of La Liga, Serie A and the Bundesliga. Top European football clubs are increasingly searching for boardroom additions who are equipped to [...]
Facebook Watch video: Social network makes major move with original shows taking on TV, Netflix and YouTube August 10, 2017 A new and powerful contingent has entered the content wars and it’s likely to inspire fear among broadcasters and tech companies alike. Facebook has launched a new platform dedicated to TV-like video content called Watch and it will feature “shows are made up of episodes – live or recorded – and follow a theme or [...]
Netflix and Britain: We’re now a nation of 40m binge watchers, but BBC, ITV and Channel 4 beats US streaming rivals Ofcom Communications Market Report 2017 finds August 3, 2017 Britain is now a nation of binge watchers, as 40m of us watch more than one episode at a time, new research reveals. But traditional broadcasters remain more popular for satisfying that appetite than Netflix from which the watching habit sprung. More than three quarters of UK adults watch a back-to-back episode on catch-up or [...]
Revealed: The most-traded investments in July reflect a commodities recovery August 2, 2017 Investment and trading platform Interactive Investor has revealed its top most-traded for the month of July. The rankings reflected a recovery in commodities price, the ever-present poplarity of tech stocks, and strong demand for Lloyds. Top by a mile Most traded large cap shares Lloyds AstraZeneca Glaxosmithkline BP BT Despite missing analyst expectations in its [...]
Amazon Development Centre Edinburgh devising and growing global innovations July 31, 2017 More than 4,000 miles from its global headquarters in Seattle, Washington, the world’s largest online retailer, Amazon, employs a crucial team of people at its Development Centre in Edinburgh. The hundreds of software engineers, machine learning scientists, designers and managers harness the latest technology and computer science to build features that help customers discover the [...]
Amazon’s share price has fallen – meaning Jeff Bezos isn’t the richest man in the world any more July 28, 2017 It’s all over for Amazon founder Jeff Bezos, who briefly became the richest man in the world yesterday, before seeing his fortune take a dive after the company’s second quarter earnings missed expectations. Today shares fell further, dropping four per cent to $1,005 on the opening bell in New York, pushing the company’s market capitalisation [...]