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Alphabet reports second quarter revenues up 62% YOY to $61.9bn
Alphabet Inc – the owner of Google – has announced its financial results for the quarter ended June 30, 2021. Alphabet reported second quarter revenues of $61.9bn, up 62% year-on-year...
Bolt raises €600m from investors including Sequoia to continue European expansion
Bolt, the first European super-app, closed a €600m funding round, increasing the company’s valuation to more than €4bn. Bolt will use the funds to boost its new 15-minute grocery delivery...
UK unemployment rate at 4.7% although job vacancies advertised in their millions
Over the last year the labour market has changed drastically, from furlough schemes to working from home, to businesses shutting their doors completely. With this in mind, Bionic, the business...
Race for technology mergers amid digitlisation spree brings global M&A value over $1tn in Q2 2021
The rising use of technology due to social distancing and lockdowns has led all sectors to enter a digitisation rush, according to GlobalData, with companies using mergers and acquisitions (M&A)...
From Hollywood to Hertfordshire: Owners of LA’s Sunset Studios to create £700m movie studio
Today, it has been announced that the owners of Sunset Studios in Los Angeles are set to create a £700m TV and film studio in Broxbourne, Hertfordshire. Alongside this, Sunset...
Nearly 100 new UK businesses created every hour in first quarter of 2021
New research has revealed that more British businesses have been set up at the start of this year than any first quarter in history. The study by cloud accounting company...
HSBC sees profits more than double for H1 2021
Global banking giant HSBC saw pre-tax profits for the first half of 2021 rise to $10.8bn, compared to $4.3bn for the same time period last year. The bank’s UK operation...
UK businesses helping encourage younger people to get vaccinated
Some of the country’s top food and travel businesses have joined the national effort to get as many people as possible vaccinated against COVID-19. Uber, Bolt, Deliveroo and Pizza Pilgrims...
After a difficult launch, could Robinhood’s IPO turn the trading platform into a $35bn firm?
Last night, Robinhood, the US-based online brokerage firm on a mission to ‘democratise finance for all’, had its debut on the Nasdaq stock exchange in New York City. Despite the...
BT’s first quarter revenue falls 3% to £5.1bn
BT’s has revealed that its first quarter underlying revenue fell 3% to £5.1bn. The drop reflects declines in the Corporate and Public Sector segments in the Enterprise and Global divisions....
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