Inflation has hurt public companies, but even private tech firms will feel the pain July 11, 2022 Public market companies – particularly those in the tech sector – have felt the impact of soaring inflation, as central banks continue to pump interest rates higher. The tech-heavy Nasdaq is down 30 per cent this year and private market companies will inevitably catch up. A good benchmark to follow is often the valuations of [...]
UK tech safety revenue and jobs soar as landmark bill gets shelved till autumn August 2, 2022 Despite the landmark Online Safety Bill being shelved until the autumn, UK safety tech sector’s revenues jumped 21 per cent to £381m in the last year.
UK tech jobs soar at record pace January 28, 2022 New data released today reveals that tech sector roles are growing at the fastest rate ever as firms gear up for a strong 2022.
Government is failing to incentivise chip manufacturers to remain on UK soil, say tech leaders July 6, 2022 The government is failing to properly entice semiconductor companies to remain on UK soil, tech leaders told ministers yesterday. Simon Thomas, CEO of Paragraf, a manufacturer of advanced semiconductors made of graphene, accused the Department of International Trade (DIT) of sending “mixed signals” and warned that the UK risks being side-lined as bullish efforts by [...]
Tech company AdEPT announces higher revenue and cash generation in strong year July 12, 2022 AdEPT Technology Group reported an 18 per cent increase in revenue to £68.1m and strong cash generation after tax of £8.1m for the year ended 31 March 2022. In a solid year for the IT and communications company, gross profit increased 17 per cent, £32.4m up from £27.6m the year before. Revenue was also lower at £57.9m [...]
Government empowers compliance unit with teeth to curb big tech dominance May 5, 2022 New 'fair-play' rules and ten per cent turnover fines will be among the strong tools available to a new technology unit.
Analysis: Big Tech’s battle against disinformation March 3, 2022 As the horrifying war on the ground in Ukraine drags on, the disinformation campaign waged by the Kremlin is under attack from all sides. Nick Clegg, Meta’s head of global affairs, announced this week that Russia Today (RT) and Sputnik will have their access to Facebook and Instagram restricted in the European Union. The two [...]
A new, simplified visa system could attract the fresh talent our tech sector badly needs August 30, 2022 People are the most important input for a successful tech startup. But there are more jobs that require data literate people than there are workers to fill them; two thirds of businesses say they struggle to fill their tech roles. Solving this problem is one of the most important actions our new prime minister can [...]
Our tech industry is being undermined by a psyche allergic to global growth April 29, 2022 The tech sector in the UK is in high-growth mode. In 2021, there was a record-breaking $35.1bn investment into tech, almost 120 tech unicorns and nearly 40 tech IPOs. The record level of venture capital investment in the UK has increased the valuations of both public and private tech companies, putting Britain third in the [...]
Google Gemini AI app launches in UK as chatbots crash globally June 5, 2024 It is another stride forwards for Google in the race against other tech giants for AI dominance.