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Technology
Branson steals the march on Bezos in billionaires’ space race
July 13, 2021 01:18 AM BST| By Furquan MoharkanSummary Richard Branson has beaten Jeff Bezos to the punch in billionaires’ space tourism race. With a price tag between US$200,000 to US$250,000 per ticket, an advance sale of about 600 tickets from 60 different countries has already bee.....
Data Is New Oil. Here is why.
July 01, 2021 07:06 AM BST| By Furquan MoharkanIt is said that “Data is the new oil. Like oil, data is valuable, but if unrefined it cannot really be used.” It was famously first coined by Clive Humby, UK Mathematician, and architect of Tesco's Clubcard. Data seems to be most sought...
What are the big 5 tech stocks for July?
June 24, 2021 11:48 AM BST| By Suhita PoddarSummary The tech sector is leading from the front to deal with the challenging time amid COVID-19. There are many good technology companies listed on the London Stock Exchange in which one can invest. Despite having a bumpy start this year.....
Are technology stocks a good investment?
June 23, 2021 05:35 PM BST| By AbhijeetThe decision of investing into different sectors is entirely dependent on the potential of the industry in the upcoming years as most of the investors look for companies that can drive up the value of their respective portfolio in the volatile dura.....
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What are the best tech stocks on FTSE?
June 23, 2021 12:26 PM BST| By Suhita PoddarTechnological innovation is growing at a rapid pace and has witnessed an even greater focus in recent times as businesses have used the aid of new technology to pivot and remain afloat during the pandemic induced lockdowns and restrictions. Moreov.....
What’s the link between ByteDance and TikTok?
June 22, 2021 07:37 AM BST| By Tripti JoshiByteDance, the most valuable start-up in the world, is the developer of social networking services and video-sharing apps such as TikTok and Douyin. Douyin is the Chinese-specific counterpart to TikTok. ByteDance was founded by Zhang Yiming in Marc.....
CMA probes Facebook over usage of advertising data
June 04, 2021 06:06 PM BST| By AbhijeetSummary CMA has initiated a probe on Facebook to check the usage of advertising data The authority will also be auditing the online dating service -- Facebook Dating No conclusive decision on unfairness by Facebook has been taken so far W.....
How Will Norton’s New Mass Crypto Mining Feature Impact the Environment?
June 04, 2021 11:59 AM BST| By Suhita PoddarSummary Global cyber safety firm Norton announced the introduction of a new feature Norton Crypto to help users mine cryptocurrencies safely. This is the first time a cyber safety company has launched this feature. Critics have argued mass coi.....
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Uber Agrees to UK Drivers Joining Union in Global First
May 27, 2021 01:05 PM BST| By Suhita PoddarSummary Uber has agreed to sign a deal with GBM making it the first ever deal between a gig economy service and a union. Sometimes back, the UK Supreme Court in a ruling stated that Uber drivers should be classed as ‘workers’ and no.....
Spotlight On 2 FTSE 100 Tech Stocks: Aveva Group and Just Eat Takeaway
May 27, 2021 06:43 AM BST| By Suhita PoddarSummary UK tech industry grew at an exponential rate from 2010 to 2020, according to an industry data. The number of unicorns in the nation also grew by tenfold during the period. Software giant Aveva proposed a final dividend at 23.5 pence pe.....
Softcat Shares Surge on Expectation of Strong Performance for FY2021
May 26, 2021 04:07 PM BST| By AbhijeetSummary Softcat Plc shares surged after it released the results of a strong Q3 performance. The IT services provider expected the cost savings relating to the pandemic to get reversed as it entered the next financial year. The FTSE 250 company.....
5 FTSE Technology Stocks to Keep on Your Radar for The Month of June
May 26, 2021 08:27 AM BST| By AbhijeetUK technology sector has been at the forefront to minimise the wrath of the pandemic. Showing immunity against COVID-19, the sector reported an above-average annual growth of 26.7% in its revenue on a year-on-year basis in the first quarter of 2021.....
What Led Goldman Sachs Acquire Stake in UK’s ComplyAdvantage
May 20, 2021 10:09 AM BST| By Suhita PoddarUK-based fintech company ComplyAdvantage announced a new investment worth up to US$ 20 million from the Growth Equity Team of US-based Goldman Sachs Asset Management. The investment is an extension of the fintech company’s oversubscribed ser.....
Micro Focus Shares Surge on Beating Market Estimates for H1 Earnings
May 18, 2021 05:20 PM BST| By AbhijeetSummary The H1 2021 revenue is expected to be above market expectations at US$ 1.4 billion The FTSE 250 firm had a cash reserve of US$ 0.7 billion by the end of this April. Shares of Micro Focus International Plc (LON: MCRO) jumped over 10.....
FTSE 100-listed Sage Group witnessed a growth in organic recurring revenue during H1 FY21
May 14, 2021 05:26 PM BST| By Team Kalkine MediaSummary SGE had shown organic recurring revenue growth of around 4.4% during H1 FY21. SGE will pay an interim dividend of 6.05 pence per share on 18 June 2021. SGE had anticipated FY21 recurring revenue growth at the top end of the range betwe.....
Musk Impact: 3 FTSE Blockchain Stocks Suffer Sharp Drop in Trade Today
May 13, 2021 03:24 PM BST| By Suhita PoddarSummary Electric vehicle giant Tesla founder Elon Musk announced the company would stop accepting Bitcoin as a form of payment due to its high energy consumption and its effect on the climate. The news led to a crash in cryptocurrency and block.....
Amazon Dodges US$300 Million EU Tax Order
May 13, 2021 12:23 AM BST| By Team Kalkine MediaSummary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,.....
Google And Facebook In Focus as Government Urged to Make Tech Giants Liable for Frauds
May 07, 2021 11:24 AM BST| By Suhita PoddarSummary Online scams have multiplied during the pandemic period as consumers are spending more online. A whopping amount of £1.7 billion was lost during 2020 due to frauds in the UK. In this regard, some organisations have urged the gover.....
UK's Arrival to Make an Electric Taxi for Uber
May 05, 2021 07:20 AM BST| By Suhita PoddarSummary Arrival and Uber to produce electric taxis by 2023. The design of the car would be unveiled by the end of 2021 itself. The startup aims to build an affordable and purpose-built car for Uber drivers. UK-based electric van and bus m.....
What significant factors led Argo Blockchain to deliver mining revenue growth during April 2021?
May 04, 2021 05:57 PM BST| By Team Kalkine MediaSummary ARB had shown revenue growth of around 120% from £8.6 million in FY19 to £0 million during FY20. The Company has 936 Bitcoin or Bitcoin Equivalent (“BTC”) at the end of April 2021. The average monthly mining mar.....
