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Technology
Did 5G technology help IQE to deliver revenue growth during FY20?
March 26, 2021 03:13 AM AEDT| By Team Kalkine MediaSource: TPROduction, Shutterstock Summary IQE PLC had declared growth of 27.1% in the revenue to around £178.0 million during FY20. IQE had shown growth of 38% in wireless revenue during FY20 due to the deployment of 5G infrastructure in...
2 Cyber Security Stocks to Look at As BoE Lobbies to Tackle Online Fraudsters
March 22, 2021 10:57 PM AEDT| By Suhita PoddarSource: New Africa, Shutterstock Summary Bank of England Governor Andrew Bailey has said that he wants legal requirements in place for internet firms to remove financial fraud websites. In the past, Google had blamed that poor guidance from re...
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5 Technology Stocks Under Focus: IQE, KNOS, GAW, AVV, OCDO
March 22, 2021 07:30 PM AEDT| By Suhita PoddarSource: Pressmaster, Shutterstock Summary Technology stocks have played a vital role in the recovery of world indices. These businesses have produced stellar returns in recent times during the pandemic. Robust performances from 2020 seem to b...
Uber’s New Employment Benefits for Drivers to Have Wider Implications on Gig Economy
March 18, 2021 12:29 AM AEDT| By AbhijeetSource: Rostislav_Sedlacek, Shutterstock Summary Uber Technologies Inc (NYSE: UBER) announces minimum wage, pensions, and holiday benefits for drivers. Drivers henceforth to be defined as workers and not as self-employed. The announcement com...
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Tech giants in focus as Facebook’s encryption plans under attack by UK
March 11, 2021 07:25 PM AEDT| By Team Kalkine Medianit under CMA to better regulate competitive practices in the technology space. The UK government has raised serious concerns about Facebook’s plans to expand end-to-end encryption to all its personal user communications. UK’s...
Why did Wipro Ltd buy UK-based Capco in a $1.45-bn deal?
March 05, 2021 08:38 PM AEDT| By AbhijeetSource: Piotr Swat, Shutterstock Summary Wipro Ltd has said it has acquired UK-based management and technology consultancy firm Capco in a deal worth $1.45 billion. Capco is expected to help Wipro scale up its business activities and add $700...
CMA To Probe into Apple’s App Store Over Complaints from Software Developers
March 05, 2021 03:25 AM AEDT| By Team Kalkine MediaSource: Peshkova,Shutterstock Summary The Competition and Markets Authority has decided to launch an antitrust probe into Apple’s app store. According to various software developers, Apple follows a rigorous approval.....
How Argo Blockchain Will Benefit from Its Trading on OTCQX Market
February 25, 2021 01:40 AM AEDT| By Suhita PoddarSummary UK-based cryptocurrency mining company Argo Blockchain shares will start trading on the OTCQX Best Market on 24 February. The move comes just days after the blockchain firm entered into a priority supply agreement with ePIC Blockchain T.....
UK watchdog warns tech biggies of imminent probes
February 23, 2021 11:49 PM AEDT| By Team Kalkine MediaSource: Shutterstock Summary UK to introduce new regime requiring tech companies to pay for using content. This pro-competitive intervention by CMA will handle issues like lack of data control and monopolistic practices reducing innovation....
How has Batm Advanced Communications managed to double its Bio-Medical revenue during FY20?
February 23, 2021 01:23 AM AEDT| By Team Kalkine MediaSummary Batm Advanced Communications Ltd had reported a revenue surge of 49% during FY20 ended on 31 December 2020. BVC’s Gross margin had improved by 620 basis points during FY20. The Company had entered into an optional agreement to se.....
How Supreme Court’s Latest Order Will Change Uber’s Business Forever
February 20, 2021 02:29 AM AEDT| By Hina ChowdharySummary The Supreme Court has ruled that Uber drivers are workers, not self-employed. The case was filed in 2016 by 25 drivers who demanded employee benefits from Uber. In a landmark judgment, the Supreme Court (SC) has ruled that drivers .....
UK launches new institute to encourage high risk, high reward in innovation
February 19, 2021 11:23 PM AEDT| By Kunal SawhneySummary The government announced setting up of the Advanced Research & Invention Agency. ARIA would be tasked to fund risky research and development programmes in various sectors. Backed by a massive finding of &po.....
Why IBM pledged net zero emissions by 2030?
February 19, 2021 01:36 AM AEDT| By Kunal SawhneySummary Tech major IBM aims to hit net zero emissions target by 2030 by reducing its emissions by 65% by 2025. IBM announced a new partnership with Singapore AIoT company Envision Digital to develop renewable energy manageme.....
What are the recent acquisition updates unveiled by Learning Technologies Group?
February 16, 2021 01:58 AM AEDT| By Kunal SawhneySummary Learning Technologies Group Plc had anticipated achieving FY20 revenue of around £131.0 million. LTG is expected to complete the acquisition of Bridge on 26 February 2021. LTG had a net cash position of £70.2 million as of .....
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Why has Panaseer partnered with PwC UK?
February 11, 2021 08:40 PM AEDT| By Team Kalkine MediaCybersecurity intelligence platform Panaseer has announced that it has teamed up with leading consulting firm PwC UK to offer continuous Cyber Risk Monitoring service, which is sought to make way for accurate and .....
Reddit Valuation Soars To $6 Billion After Latest Fundraiser
February 11, 2021 03:07 AM AEDT| By Kunal SawhneyRiding high on the wave of attention for the role of one of its communities wallstreetbets that sent the US stock market into a frenzy, social media giant Reddit raised $250 million in series E funding on Monday. Founded in 2003, the compa.....
How has Idox continued to show resilience in its recurring revenue despite Covid-19 pandemic?
February 04, 2021 03:23 AM AEDT| By Kunal SawhneySummary Idox Plc had reported a surge in revenues of 4% during FY20 ended on 31 October 2020. IDOX had delivered £11.2 million of free cash flow during FY20. The order book had witnessed a surge of 31% for contracted software and service.....
How Kainos Group managed to enhance its trading performance despite Covid-19 pandemic?
January 28, 2021 02:14 AM AEDT| By Team Kalkine MediaKainos Group Plc (LON: KNOS) is the FTSE 250 listed technology stock. The Company is the leading IT services provider based in the UK. KNOS’s shares have generated a return of about 46.85% in the last 12 months. The FY21 results of the Compa.....
Oxford-based company Oxbotica raised $47 million in the latest funding round
January 06, 2021 07:16 PM AEDT| By Kunal SawhneySummary The self-driving startup software, Oxbotica announced today that it had picked up $47 million in the latest funding round The funding involved a mix of investors including BP PLC (LON: BP) and Halma PLC (LON: HLMA) among others Eng.....
IDE Group Holdings PLC (LON: IDE) Wins A New Contract; Shares Zoom Almost 300%
January 05, 2021 01:43 AM AEDT| By Kunal SawhneySummary The shares of IDE Group Holdings PLC skyrocketed after it bagged a contract with an existing customer within its partnership channel. The IDE Group is to receive services from its partner valuing £22.5 million over the course of n.....
AI on the Rise: A Look at Top AI Companies and Their Stocks