Half of the UK’s technology companies are lacking in the support necessary to scale the business, according to a new report today. The UK has a thriving technology space, securing 54 IPOs which have collectively raised £3.2bn – with 37 of these taking place last year, the report by Tech Nation, a body for UK tech entrepreneurs, found.The figure includes ...

Losses at Deliveroo soared by more than half to £147m in the first six months of the year, with the embattled company facing a dramatic slowdown in revenue growth as the cost of living crisis affects the demand for takeaways. The London-listed company also announced that Simon Wolfson, the chief executive of the clothing retailer Next, is to step down ...

Britain’s love for green fingers and blackened thumbs during the first Covid lockdown has since evaporated as people again find a “new normal” after the ending of restrictions, a survey suggests. The amount of time people spent gardening and doing DIY soared in March and April 2020, with people spending 40 minutes a day improving their homes and gardens compared ...

Talks between the Unite union and the company that runs Felixstowe port, which were aimed at stopping an eight-day strike by dock workers at Britain’s busiest container port, have ended without a deal. Negotiations came to an end despite the company’s new offer of a £500 bonus for each of the 1,900 dock workers, who have already voted in favour ...

More than 115,000 UK postal workers are to stage a series of strikes in the coming weeks in a dispute over pay. The Communication Workers Union (CWU) said it would be the biggest strike of the summer so far to demand a “dignified, proper pay rise”.Strikes will be held on Friday 26 and Wednesday 31 August, and 8 and 9 ...

BW FILE PHOTOTHE PESO weakened versus the dollar on Wednesday ahead of the release of US inflation data. The local unit closed at P55.665 against the greenback on Wednesday, losing seven centavos from its P55.595 finish on Tuesday, Bankers Association of the Philippines data showed. The peso opened at P55.67 versus the dollar on Wednesday. Its weakest showing was at ...

BW FILE PHOTOPHILIPPINE STOCKS eked out gains on Wednesday on last-minute bargain hunting amid a lack of catalysts and ahead of the US inflation report, as well as the Bangko Sentral ng Pilipinas’ (BSP) policy meeting next week.The 30-member Philippine Stock Exchange index (PSEi) inched up by 2.87 points or 0.04% to close at 6,471.84 on Wednesday, while the broader ...

After two quarters of contracting gross domestic product in the UK, a debate has started about when the country will be in a recession — and whether we’re already in one. Technically, the call is made by a panel of experts looking at monthly indicators of employment, consumer spending, personal income and manufacturing, among others. But with inflation at a ...

THE Department of Information and Communications Technology (DICT) and the National Grid Corp. of the Philippines (NGCP) have signed a lease agreement covering the co-location of the National Broadband Program’s facilities within the NGCP’s right of way.“What we signed today is the master lease agreement on the facilities, because we would definitely have to co-locate our facilities inside the NGCP infrastructure,” DICT ...

OFFICIALGAZETTE.GOV.PHBy Diego Gabriel C. RoblesTHE public-private partnership (PPP) mode of financing major projects will be subjected to cost-benefit analysis to determine whether such an option is more beneficial than tapping official development assistance (ODA), Socioeconomic Planning Secretary Arsenio M. Balisacan said.In chance remarks delivered to reporters on the sidelines of a Gross Domstic Product (GDP) briefing on Tuesday, Mr. Balisacan ...