PwC’s 1,036 UK-based partners received an average of £862,000 in profits for the year ending June. This is down from £906,000 a decade ago, when Britain’s largest auditor invested in
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Oxford Metrics warned its profits this year would be “materially lower” than expected, wiping out about a fifth of the share price. Smart Sensing Software, whose products are used to
With the virtual-reality headsets from Avantis, students can travel back to the trenches of World War I or even into outer space. To oversee the Gloucester-based firm’s fastest-growing US market,
Tupperware’s airtight containers, which have become synonymous for food storage, appear to be on their way out. The American kitchenware firm has filed for bankruptcy in its struggle to survive.
Evan Spiegel, co-founder of Snap and its chief executive, describes building augmented reality glasses as “a journey”, “a blue ocean strategy”, or a leap into a new territory.It is a
THG, the struggling online beauty and nutrition company, has announced that it will spin off its technology division in order to improve its balance sheet and share performance. The Manchester-based
China is racing with the West to commercialise the revolutionary clean energy. A Shanghai-based start-up wants to raise $500mn for the development of cheaper nuclear fusion technologies. Since decades, nuclear
Apple lost a €13-billion battle against unpaid taxes, a landmark in European Union law over “sweetheart tax deals”. The European Court of Justice reversed an earlier ruling that favored the
The UK-based company’s revenue nearly doubled last year, as users who are non-monogamous and queer helped it expand to other countries. Feeld was founded by a couple of entrepreneurs in
In a significant setback for British aerospace innovation, Reaction Engines, the company developing a revolutionary space vehicle engine, has seen major investors drastically reduce the value of their stakes. Artemis,
Chinese electric vehicle manufacturer Xpeng has launched a new, affordably priced electric car that incorporates technology acquired from ride-hailing giant Didi’s failed attempt to enter the highly competitive automotive market
In the heart of London, a pioneering startup is set to transform the fast food industry with its innovative robot chefs. Kaikaku, founded by a group of young entrepreneurs, has
As the world grapples with the pressing issue of climate change, scientists at the University of Edinburgh have forged an unconventional partnership in their quest for sustainable solutions. By harnessing
In the realm of semiconductor giants, Nvidia has emerged as the undisputed frontrunner in the race to develop chips that power the explosive growth of artificial intelligence (AI). The company’s
In a bold move to challenge Nvidia’s dominance in the AI infrastructure market, Advanced Micro Devices (AMD) has announced the acquisition of ZT Systems for $4.9 billion in cash and
In a bold move, tech giants Microsoft, Alphabet, Amazon, and Meta have collectively increased their capital expenditure by an astonishing 50%, surpassing the $100 billion mark this year. This massive
