Bitcoin surges past $11,000 for first time since 2018 June 23, 2019 Bitcoin jumped past the $11,000 (£8,640) barrier over the weekend for the first time since January 2018. The cryptocurrency passed $10,000 on Saturday for the time since March 2018 before surging to a high of $11,121, according to data from Coindesk. Late last night it was trading just above $11,000. Last night’s price puts the [...]
Delivery Hero and Blue Apron investor Target Global launches $100m tech fund to find the next Uber June 6, 2018 German venture capital fund Target Global has launched a $100m (£74.7m) tech fund with a focus on innovation in mobility and transportation. With investments to be spread across startups in Europe and Israel, the fund is set to run indefinitely and can deploy up to $300m in capital, satisfying investor need for long-term interest in [...]
Coffee to go: Starbucks set to trial London deliveries after US roll-out January 22, 2019 Starbucks will begin trialling a coffee-to-your-door service in London at the end of the month as it looks to tap into the $95bn (£73.7bn) global market for online food delivery. The company has teamed up with food delivery app Uber Eats in a bid to corner the market in the capital by offering delivery from a [...]
London Underground: Entire Tube network set for 4G coverage by mid-2020s July 19, 2019 Londoners will be able to use the 4G mobile network anywhere on the Tube by the mid-2020s under plans unveiled by Transport for London. The first passengers to benefit from the roll out on the underground will be those using the Jubilee Line, with the eastern part of the line spanning from Westminster to Canning [...]
Uber to offer drivers medical cover and maternity pay as it gears up for court hearing on its future in London May 23, 2018 Uber is introducing a number of protections for its European drivers including sickness, and maternity and paternity payments, as it gears up for a crunch decision on its future in London. The company lost its licence to operate in the capital last September with Transport for London (TfL) ruling it not fit and proper to [...]
Lyft shares drop below opening price on second day of trading April 1, 2019 Shares in ride-hailing app Lyft dropped below their opening price today in the first sign of jitters over the company’s hefty $24bn (£18bn) valuation. The tech firm’s share price dropped as much as 11 per cent to $69.40 – below the initial public offering (IPO) price of $72 – before clawing back some ground. Read [...]
Uber suspends driverless cars after fatal accident in Arizona March 19, 2018 Uber has suspended its self-driving cars after one caused the death of a woman in Arizona. Bloomberg reported that the company had suspended all driverless vehicles in Pittsburgh, San Francisco, Toronto and the greater Phoenix following the incident and pending an investigation. The fatal accident is understood to be the first of its kind and [...]
Long read: Advertisers look to esports as gamers flock to virtual stadia April 13, 2020 Advertisers might find rich pickings in the world of esports, writes James Warrington Over the last few days, a meme purporting to show a model of a stadium that would seat 1 million people has circulated on social media. The image is probably fabricated and certainly ludicrous — even North Korea has only managed to [...]
Tech startups remain private for longer leading to high valuation IPO pipeline February 26, 2019 Technology startup companies are choosing to remain private for longer due to the availability of capital from private equity and venture capital investors, creating a pipeline of high-value listings expected this year. The median age of venture capital backed technology companies at the time of IPO has risen from 10.9 years in 2018 from 7.9 [...]
Bovis Homes Group in talks with Galliford Try over housebuilding merger May 25, 2019 Bovis Home Groups has approached Galliford Try in recent weeks in a bid to reopen discussions about a merger, which previously broke down two years ago. Bovis is keen to combine a large proportion of their operations, according to Sky News. Read more: Thames Water chief executive Steve Robertson steps down A deal would be [...]