Financial Markets

AI Security Firm Darktrace Plans London IPO

Darktrace, a pioneer in applying artificial intelligence techniques to cyber-security, makes first major London IPO bid following Deliveroo flop

4 years ago

Alibaba Makes Changes Following Record Fine

Chinese tech giant Alibaba Group lowers fees and charges for vendors following record $2.8bn fine over 'abusive' exclusivity arrangements

4 years ago

Cryptocurrency Market Capitalisation Hits $2tn

Market capitalisation for all cryptocurrencies surpasses $2tn, with Bitcoin alone remaining over $1tn for a full week as large investors…

4 years ago

Deliveroo Flop Raises Questions For London Tech IPOs

Questions raised over Deliveroo pricing strategy after biggest London IPO in a decade delivers biggest flop in recent memory

4 years ago

Tesla Shares Rally After Expensive Share Slide

Shares in the world's most valuable car maker rose nearly 20 percent, after selloff wiped off $300 billion market capitalisation

4 years ago

Budget 2021: Contactless Limit Raised To £100

Budget 2021. Debit card contactless payment limit raised to £100, as Coronavirus pandemic accelerates electronic payment popularity

4 years ago

Elon Musk No Longer World’s Richest Man

It was a short run. Fall in Tesla share price sees Amazon CEO Jeff Bezos reclaim title as world's richest…

4 years ago

SpaceX Raises Another $850 Million Funding – Report

Up, up and away. Elon Musk's space firm raises an extra $850 million, but could have had raised billions of…

4 years ago

Bitcoin Surges As Tesla Buys $1.5bn Of Digital Currency

Elon Musk is well known for his backing of bitcoin and other digital currencies, as Tesla confirms it will soon…

4 years ago

Elon Musk Now Richest Man In The World

Soaring shares of car maker Tesla, sees Elon Musk overtaking Amazon's founder and CEO Jeff Bezos as the richest man…

4 years ago

President Trump Blacklists Eight Chinese Apps

Executive order signed by US President bans transactions with eight Chinese software applications including Ant's Alipay payment app

4 years ago

Elon Musk Leaves California, Moves To Texas

After threatening to pull Tesla out of California altogether, Elon Musk reveals he has personally left the US state and…

4 years ago

Facebook’s Libra To Launch In January – Report

Libra to launch as early as January, but the Facebook backed cryptocurrency will be scaled back even further after regulatory…

4 years ago

Elon Musk Overtakes Bill Gates As World’s Second Richest

Tesla share price rises continues to build the personal fortune of Elon Musk, placing him in second place behind Amazon's…

4 years ago

Elon Musk To Overtake Zuckerberg As Third Richest Person

Rising Tesla share price raises Elon Musk total net worth by $15 billion, putting him behind Jeff Bezos and Bill…

4 years ago

McAfee Raises $620 Million With Wall Street Return

Security vendor McAfee has returned to the public markets with an IPO that raised $620 million, below the $740 million…

4 years ago

Facebook Libra Hires Former HSBC Executive

Libra cryptocurrency project still progressing after it confirms it has hired former HSBC executive as chief financial officer

4 years ago

Apple Becomes First US Company Valued At $2 Trillion

Wall Street has gained its first ever American company valued at a whopping $2 trillion, in the form of iPhone…

4 years ago

Tim Cook Now A Billionaire After Apple Share Surge

Welcome to the club. CEO Tim Cook now said to be a billionaire after almost a decade in charge of…

4 years ago

HSBC Facing Chinese Backlash Over Arrest Of Huawei CFO

Chinese government-backed website joins other Chinese outlets in saying HSBC “maliciously” played a role in the arrest of the CFO…

4 years ago

Role Of Wirecard Supervisors To Be Probed By EU

The actions of financial supervisors responsible during the Wirecard collapse should be investigated, says senior EU official

4 years ago

Wirecard Munich HQ Searched By Police And Prosecutors

Fintech fraud investigation continues into Wirecard, as German police and prosecutors search bankrupt firm's Munich headquarters

4 years ago

Wirecard Collapses, Files For Insolvency

German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal

5 years ago

Former Wirecard CEO Released From Jail

Former Wirecard CEO Markus Braun walks free after arrest on Monday for allegedly falsifying the accounts for the German fintech…

5 years ago

BT Suspends Dividend To Funnel Investment Into FTTP Broadband, 5G

For the first time in a decade BT suspends its dividend to free up cash for investment in fibre to…

5 years ago

Amazon Tells Investors To ‘Take A Seat’ As Spending Rises

Sitting in the sweet spot as Amazon takes advantage on demand for online goods, groceries and cloud services during Coronavirus…

5 years ago

Apple Profits Dip But Sales Rise, Amid Global Pandemic

Modest dip in quarterly profits at Apple due to closure of its retail stores in key markets during the global…

5 years ago

Coronavirus: Tesla’s Elon Musk Slams Pandemic Lockdown As ‘Fascist’

Tesla boss Elon Musk overshadows third quarterly profit at electric car maker Tesla, by calling lockdowns 'fascist' and 'not democratic'

5 years ago

Coronavirus: Google Profits Rise, But Warns Of Pain Ahead

Alphabet delivers strong set of quarterly financial results, despite advertising decline in March as global Coronavirus pandemic starts to bite

5 years ago

Coronavirus: IBM Pulls Annual Forecast As Client Priorities Change

Worldwide pandemic hits software sales, as IBM warns that its customer priorities are changing and it withdraws its annual forecast

5 years ago