Technology Stocks

Should you buy Blue Prism (PRSM) shares after the new takeover bid?

 Should you buy Blue Prism (PRSM) shares after the new takeover bid?

Highlights Software company Blue Prism’s shares rose by 3 per cent on Wednesday after the group backed a new takeover bid offer by SS&C Technologies. The group had earlier backed a £1.22 billion offer from Vista Equity just days...

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What’s the link between ByteDance and TikTok?

What’s the link between ByteDance and TikTok?

ByteDance, 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...

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CMA probes Facebook over usage of advertising data

CMA probes Facebook over usage of advertising data

Summary 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...

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How Will Norton’s New Mass Crypto Mining Feature Impact the Environment?

How Will Norton’s New Mass Crypto Mining Feature Impact the Environment?

Summary 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

Uber Agrees to UK Drivers Joining Union in Global First

Summary 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...

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Spotlight On 2 FTSE 100 Tech Stocks: Aveva Group and Just Eat Takeaway

Spotlight On 2 FTSE 100 Tech Stocks: Aveva Group and Just Eat Takeaway

Summary 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...

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Softcat Shares Surge on Expectation of Strong Performance for FY2021

Softcat Shares Surge on Expectation of Strong Performance for FY2021

Summary 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...

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5 FTSE Technology Stocks to Keep on Your Radar for The Month of June

5 FTSE Technology Stocks to Keep on Your Radar for The Month of June

UK 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...

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What Led Goldman Sachs Acquire Stake in UK’s ComplyAdvantage

What Led Goldman Sachs Acquire Stake in UK’s ComplyAdvantage

UK-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...

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Micro Focus Shares Surge on Beating Market Estimates for H1 Earnings

Micro Focus Shares Surge on Beating Market Estimates for H1 Earnings

Summary 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...

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FTSE 100-listed Sage Group witnessed a growth in organic recurring revenue during H1 FY21

FTSE 100-listed Sage Group witnessed a growth in organic recurring revenue during H1 FY21

Summary 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...

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