The CEO of a Manchester-based company has made 74 workers at the firm millionaires after gifting a total of £1billion to employees in shares. Matt Moulding, 48, founder of The Hut Group, said he has gifted around 430 staff shares in the company over the last ten years. This includes those working as drivers, warehouse … Read more
Rishi Sunak’s wife is richer than the Queen: Her shares in family’s tech firm are worth £430million making her one of Britain’s wealthiest women Chancellor’s wife Akshata Murty owns shares worth £430million in family firm Former standards chairman Sir Alistair Graham claims Sunak took a ‘minimalist approach as possible’ when declaring his financial interests last … Read more
Online tech giants should pay news providers for using their content under a ‘mandatory’ code, peers have demanded in a landmark new report. It paints a worrying picture of a ‘fundamental imbalance of power’ between news publishers and platforms. This comes as Government announced plans for a new competition regime designed to rein in the … Read more
MPs accuse tech giants of fuelling an ‘e-waste tsunami’ by designing products with a short shelf life MPs are calling for a change in the law to stop ‘planned obsolescence’ by firms Apple, Amazon and others also criticised for failing to offer accessibly recycling The attack comes from MPs on the Environmental Audit Committee (EAC) They … Read more
Nearly nine in 10 Black Friday ‘deals’ could be found at the same price or cheaper earlier in the year, analysis suggests. Consumer group Which? tracked the prices of 219 popular home and tech products over the course of a year, for six months before Black Friday 2019 and six months after. Products from Amazon, … Read more
MANCHESTER AND LONDON INVESTMENT TRUST: Tech vehicle culls losers to build up its winners By Jeff Prestridge, Financial Mail on Sunday Published: 21:52 GMT, 21 November 2020 | Updated: 21:52 GMT, 21 November 2020 Investment trust Manchester and London is a play on the booming technology companies of the US and China. If an investor … Read more
Neal Gandhi founded his first tech company when he was 21 years old. It was 1988, Information Technology was in its infancy but he built up the business and sold it for £37million before he was 30. The young entrepreneur went on to found and sell three more firms, generating a further £80 million in the … Read more
You may not have heard of Tobi Lütke, but that is set to change. The 40-year-old German-Canadian is the founder and boss of Shopify, the world’s second largest ecommerce business. Like Amazon – the world’s largest ecommerce business, valued at $1.58 trillion – Shopify, worth a more modest $112billion, is set to be one of … Read more
The new technology behind Pfizer’s and Moderna’s coronavirus vaccines could be used to prevent everything from heart disease to cancer, experts say. The breakthrough vaccine ‘platform’ they use transforms the body into a virus-zapping vaccine factory and could be retooled to run interference on other diseases and speed the development of shots to prevent future … Read more
Ministers to examine plans to beef up Britain’s markets watchdog after furious intervention by its former chairman Lord Andrew Tyrie By Helen Cahill, Financial Mail On Sunday Published: 21:50 GMT, 14 November 2020 | Updated: 23:26 GMT, 14 November 2020 Ministers will examine plans to beef up Britain’s markets watchdog after a furious intervention by … Read more