UK sets aside £80m for state-of-the-art tech hub December 14, 2022 The UK government has put aside £80m to build a state of the art telecommunications lab. The lab in Solihull, West Midlands, is part of a £110m investment by the government to work with industry and improve British telecommunications. Along with working on network resilience, the lab will also focus on improving cyber security. The [...]
Wind farm with potential to power 1.5m UK homes halted as industry urges government to bolster supply chains July 20, 2023 Plans to build a new UK offshore wind farm that could have powered up to 1.5m homes have been halted today amid concerns over rising costs.
How AI can help fight crime July 1, 2024 The City of London’s AI Innovation Challenge will harness the power of technology to prevent and track fraud, says Chris Hayward AI chip producer Nvidia is vying with Microsoft and Apple for the title of world’s most valuable company. History teaches us that those who become the world’s most valuable company, be they Standard Oil, [...]
Cash transactions at eight-month high as Brits turn to Post Office amid mass bank branch closures June 12, 2023 Cash transactions at post offices reached an eight-month high in May. Some £3.33 billion-worth of transactions were made, marking the highest total since last September, when it was £3.35 billion. Business and personal cash deposits totalled £2.48 billion in May, marking a 10% month-on-month increase. Personal cash withdrawals totalled £817 million in May, up by [...]
UK chip sector must seize investment opportunities, says tech minister February 5, 2024 Britain’s chip industry must get proactive about seeking investment opportunities and fostering skills, according to the UK’s tech minister.
The top three threats facing companies in 2024 – and how to prepare January 19, 2024 With businesses facing a unique convergence of risks in 2024, Axa deputy chief executive officer Frédéric de Courtois looks at how to prepare.
Banks tell Sunak that big tech firms need to do more to tackle fraud June 18, 2023 A group of the UK’s largest banks have told Prime Minister Rishi Sunak that big tech firms should help contribute to the reimbursement of fraud victims. According to Sky News, the banks said the rising tide of fraud in the UK is having a “material impact on how attractive the wider UK financial sector is [...]
Siemens to invest £100m and secure over 800 jobs March 4, 2024 Siemens is to invest £100m in a "centre of manufacturing excellence" in Wiltshire.
Next 15 shares plummet 50 per cent after major client exits contract September 6, 2024 Shares in digital communications firm Next 15 have plummeted by 50 per cent today after the business announced one of its biggest clients would not be renewing its contract. The London-listed company, which provides B2B marketing services, said its venture building division Mach49 was set to be down £80m in revenue in its 2026 financial [...]
Berkeley: On track but government housing plans require a ‘change of attitude’ September 6, 2024 Housebuilder Berkeley is on track to deliver £525m of pre-tax profit for the full year, according to an update from the firm this morning. The business, which is based in Cobham, England, said 90 per cent of this profit has already been secured through exchanged sales contracts. Berkeley also said it is “fully committed” to [...]