Computacenter shares jump on pandemic-driven profit September 9, 2020 Computacenter’s share price rose more than six per cent this morning, after the technology group posted a boost in profit driven by the rise in remote working. The FTSE 250 group reported a pre-tax profit of £72.4m for the first half of 2020, up from £50.8m a year earlier, as costs also fell. Computacenter said [...]
Tesla shares set for worst day in six months as tech sell-off bites September 8, 2020 Tesla’s share price fell more than 18 per cent as Wall Street opened this afternoon, putting it on track for its worst performance in nearly six months as investors spurned US tech stocks. The electric carmaker was excluded from a group of companies being added to the S&P 500 index — a milestone the company [...]
Australian regulator to probe competition between Apple and Google September 8, 2020 Australia’s competition watchdog has said it is going to take a deeper look at the use of data by apps and the extent of competition between the app stores of Apple and Google. It follows a major antitrust investigation of Apple’s app store policies in the EU announced earlier this year, as well as other [...]
Tiktok joins EU conduct code on hate speech as graphic video continues to circulate September 8, 2020 Tiktok has this morning signed up to the EU’s code of conduct on hate speech, as it struggles to contain the spread of a graphic video on its platform. The video, which shows a person committing suicide, has been circulating on the app since Sunday night. Tiktok said it is working to remove all posts [...]
Fortnite rival PUBG cuts ties with China’s Tencent in India September 8, 2020 The owner of Playerunknown Battlegrounds, also known as PUBG, is to sever a publishing deal with Chinese giant Tencent for its game in India, in an effort to get around the government’s ban of its app in the country. South Korean firm PUBG Corporation said today it will no longer give Tencent Games the rights [...]
China accuses other countries of ‘bullying’ its tech firms September 8, 2020 China has pointed the finger at “individual countries” that it says are “bullying” others and “hunting” its tech companies, as tensions between Beijing and Washington continue to mount. It announced an initiative to establish global standards on data security today, in a similar strategy to the Trump administration’s Clean Network. The plan asks technology firms [...]
Microsoft reveals smallest ever Xbox Series S September 8, 2020 Microsoft has unveiled its smallest ever edition of its Xbox console, the Xbox Series S. The console will be priced at £249.99, and will debut alongside the next flagship Xbox Series X which will be revealed later this year. The announcement followed hours after leaks of images, pricing and specifications of the two consoles appeared [...]
Shares spike at Royal Mail despite ‘material loss’ in 2020 September 8, 2020 Royal Mail’s share price jumped more than 12 per cent this morning, as the postal service said its revenue had risen during the first half of the year thanks to a boom in online shopping. Royal Mail said it believes revenue could be £75m to £150m higher for the fiscal year 2020/21 if the UK [...]
Fever-Tree shares lose fizz as bar closures bite September 8, 2020 Fever-Tree’s share price slipped more than five per cent as markets opened this morning, after lockdown-enforced bar and pub closures left the brand too reliant on supermarket sales. Overall revenue fell 11 per cent year on year in the six months to the end of June, dropping to £104.2m from £117.3m. In the UK a [...]
Tech companies ramp up hiring as London moves past lockdown September 8, 2020 Tech companies in the UK’s capital have accelerated their hiring plans over the summer as businesses get ready to go back to work, with digital roles jumping by more than a third. Advertising for vacancies in the digital tech sector rose 36 per cent in the last two months, according to data collated by Tech [...]