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Preview: The Register - Business: Financial News

The Register - Business: Financial News

Biting the hand that feeds IT

Copyright: Copyright 2016, Situation Publishing

UK fintech firm reaches for Ireland Brexit escape hatch

Fri, 21 Oct 2016 10:58:07 GMT

Seeks passporting clarity

A UK fin-tech firm will seek regulation in Ireland if the government doesn’t preserve financial services passporting rights in its EU exit talks.…

Sky’s CEO drops MVNO bombshell at results conference

Fri, 21 Oct 2016 09:02:59 GMT

Firm's sure to use its sports lure to bring in the punters

At the announcement of its results this week, Sky said that it was planning MVNO services based on the O2 network, which is run in the UK by Telefonica. Faultline has been forecasting a move by Sky into cellular for the past four years and is surprised that it has taken this long for the move to emerge.…

NCC stirs in 'lumpy' bits of Fox, produces sales gravy. But market still chokes

Thu, 20 Oct 2016 12:19:52 GMT

Doesn't seem to've killed its appetite for acquisition

UK-based infosec outfit NCC Group has weathered a tricky summer period that involved some contract deferrals and cancellations while still managing to post a profit.…

Brexit? No impact at all, chuckles reseller juggernaut

Wed, 19 Oct 2016 11:50:05 GMT

Softcat warned of storm cloud in UK ahead of referendum, now says it blew over

The storm clouds Softcat pointed to gathering over the industry in the months prior to the EU referendum didn’t rain on the firm’s parade after all, judging by financial results outlined to the City today.…

Yahoo! hides! from! financial! analysts! amid! email! hacking!, privacy! storm!

Tue, 18 Oct 2016 23:51:22 GMT

Mayer silent on Verizon's discount demand, too

Yahoo! had little to say on its looming tie-up with Verizon, as the Purple Palace turned in quarterly numbers that managed to beat analyst expectations.…

HPE tops in tape. Yes, tape is still a thing

Mon, 17 Oct 2016 15:09:13 GMT

Nothing too flashy, but it still makes bucks on ribbons of rust

IDC says HPE is the big cheese in the tape systems market, getting more revenue from streaming ribbons of rust devices than anybody else.…

Mega-Misys IPO trimmed: Firm slashes expectations by £1bn

Mon, 17 Oct 2016 09:36:10 GMT

Brexit-bashed, but still likely to be the UK's largest tech IPO

Misys, the British banking software business, has slashed the value of its initial public offering by £1bn.…

Yahoo! cancels! earnings! call!, dodges! hacking! questions!

Mon, 17 Oct 2016 01:33:11 GMT

P0wned portal promises custom info that matters to you, except when being acquired

Yahoo! has taken the unusual step of cancelling the conference call following its earnings announcement on Tuesday.…

RBS debit card payments have gone utterly TITSUP

Fri, 14 Oct 2016 13:35:48 GMT

POETS day is in danger for those without cash

The Royal Bank of Scotland's debit card system has suffered a TITSUP, that is, total inability to support usual payments.…

Japan's SoftBank teams up with... Saudi Arabia to launch $100bn London tech fund

Fri, 14 Oct 2016 10:56:10 GMT

Saudis: You want to do this? SoftBank: Yeah man. Saudis: Don't mention Yemen!

SoftBank and Saudi Arabia's sovereign wealth fund are preparing to launch a technology investment fund, to be based in London, which will invest as much as $100bn into the global tech sector.…

Barracuda's satisfying cloud meal offsets appliances dip

Thu, 13 Oct 2016 14:25:09 GMT

Bet they're glad they switched streams

Barracuda can smile as another solid quarter's work, the appliance of cloud science as we might say, brings in revenue growth and profits.…

Tax-swerving IT director disqualified for 8 years

Thu, 13 Oct 2016 12:19:04 GMT

Paid himself £40k when biz was insolvent, says

Anthony Hodges, a Basingstoke-based IT consultant, has been barred from acting as a company director for eight years due to mischief undertaken as his company went into liquidation.…

US investment 'heroes' are the people you love to hate

Tue, 11 Oct 2016 16:06:38 GMT

Old telco, rather than Silicon Valley, tops the list

Which corporations invest most in the USA? A ranking by the favourite think-tank of the Democratic Party leadership might leave the Party's net roots choking on their muesli.…

Brace yourself, Samsung: Activist investor Elliot's in an arm-twisting mood

Mon, 10 Oct 2016 12:02:14 GMT

Demerge, simplify and cough up for shareholders, it demands

Analysis Activist investor Paul Singer's Elliott Management is not shy about on taking on the world's biggest companies, and now it wants Samsung to bend to its will, splitting in two and paying shareholders an eye-watering $27bn.…

Everspin's Friday IPO goes pop: Moderate amount of champagne all 'round

Mon, 10 Oct 2016 10:19:53 GMT

MRAM top's still spinning and hasn't fallen flat

Everspin has spun out its IPO; it offered 5 million shares at an estimated $8 a pop to rake in an estimated $40m, with shares starting trading on Friday October 7, opening at $9.10 and currently trading at $8.02.…

Facebook pays, er, nope, gets £11m credit from UK taxman HMRC...

Mon, 10 Oct 2016 09:36:04 GMT

We've got an 'efficient tax structure', boast the Zuckerborg

Facebook has bragged about its "efficient tax structure" in the UK after it was revealed the megacorporation actually earned £11m in tax credits to be offset against future claims from Her Majesty's Revenue and Customs.…

Robots blamed for wiping 10 per cent off the value of sterling

Fri, 07 Oct 2016 09:37:40 GMT

Down down dooby-down

Algorithms have been blamed for a flash crash that wiped nearly 10 per cent off the value of sterling on Friday morning.…

Hyperledger chain gang man explains Penguins' blockchain play

Thu, 06 Oct 2016 13:42:08 GMT

Group cultivating Bitcoin's serious cousin

LinuxCon, Berlin Jim Zemlin raises an eyebrow when I say Hyperledger is rather outside Linux Foundation's usual domain, being a bit, er, consumery.…

Speaking in Tech: Making $1bn profit from a $10m investment? We'll take it

Wed, 05 Oct 2016 11:14:11 GMT

Podcast IPO freely: Whatever you do, you can't wrest control away from Wall St

Apple puts on its grey suit: Firm, 40, keen to meet corporate types

Thu, 29 Sep 2016 13:38:11 GMT

Could use all the dev time it hasn't been using on iPhones, amirite?

Apple and consulting firm Deloitte are teaming up to help organisations with their business transformation efforts through the use of Apple devices.…

Market pulls chain on Crapita share price after first ever profit warning

Thu, 29 Sep 2016 10:58:07 GMT

Reselling slumps, TfL contract woes and possible Co-op 'litigation' looms

Capita’s share price went into freefall this morning after its first ever profit warning, with troubles at the tech reselling and recruitment services units blamed, as well as costly delays to its Transport for London contract.…

Analyst: iPhone 7 points to price jump

Wed, 28 Sep 2016 16:08:06 GMT

It is all in the numbers

Apple may have dampened down expectations when it released the last set of quarterly financial figures, and predicted revenues down again year-on-year for the current quarter, but at least one analyst disagrees.…

Natwest online payments go down

Wed, 28 Sep 2016 14:08:24 GMT

I got BILLS I gotta pay...

Customers at Blighty's high-street bank Natwest have been struggling to make online payments this afternoon.…

Damn you Brexit! You screwed my biz – LSE-listed tech supplier

Tue, 27 Sep 2016 15:31:08 GMT

Alternative Networks issues third profit warning in a year. When was EU vote?

The management team at Alternative Networks has played the Brexit card to explain why the London-listed IT and comms integrator has missed profit expectations for FY’16, which ends this month.…

Reclusive Mr Ren materialises to bless Huawei Leica tie-up

Mon, 26 Sep 2016 14:46:07 GMT

We have proof. Or a Photoshop. You decide

China’s shopping spree of premium Western brands continues and not just footballers. It’s snapping up technology brands, too - but with these brands some finesse is required.…

You heard right: Huawei's making phones in Chennai

Mon, 26 Sep 2016 12:15:10 GMT

Even the Chinese prefer an Indian takeaway

Asian tech giant Huawei is to start manufacturing smartphones in India next month, in a move that could signal China is starting to lose its shine as the world’s low-cost manufacturing sweatshop, with even native companies looking to expand elsewhere.…

Oracle execs get that shrinking feeling

Sat, 24 Sep 2016 13:39:26 GMT

Larry, Mark and Safra's pay packet $46.5m lighter in fiscal '16

It still pays to run Oracle, just not as much as it used to - top executives’ packages shrank by double digits in fiscal ’16 as the software titan continued to desperately seek out cloud business.…

Virgin Media costs balloon by MEEELLIONS in wake of Brexit

Thu, 22 Sep 2016 08:35:08 GMT

Staffer also asks: Why is Richard Branson still in our ads?

Exclusive Costs at Virgin Media have so far risen by £7m this year following Brexit, due to increased import costs, the company revealed in a Q&A with staff this week seen by The Register.…

Financial Conduct Authority: No need to look any closer at insurers’ use of Big Data

Wed, 21 Sep 2016 16:09:12 GMT

We asked them and they said it's all good, so we're happy

The Financial Conduct Authority has said there’s no need to launch a full market study into insurers’ use of big data, despite concerns that insurers' could be using to charge consumers more.…

HPE sells off 'non-core' software assets

Wed, 21 Sep 2016 14:07:10 GMT

HPE asset disposals exercise - to possibly prep for an acquisition?

Comment On the day the Dell/EMC acquisition/merger completed, HPE announced it was selling off a load of non-core software assets in a “spin-off” merger with UK’s Micro Focus.…

Hewlett Packard Enterprise bigwig chuckles at talk of buyout talks

Wed, 21 Sep 2016 10:52:06 GMT

Trimmed down biz 'possible' target for Dell, Cisco, Lenovo, Huawei and private equity

The number two at Hewlett Packard Enterprise has brushed off talk the slimmed-down organisation could be vulnerable to a takeover, as the company is again linked with “possible” buyers - this time around Huawei, Lenovo, Oracle, Cisco and, er, Dell.…

Google buys startup biz, slurps up its NLP brains

Tue, 20 Sep 2016 14:23:09 GMT

Nah, not that neuro-bollocks – natural language processing

Google have snapped up API.AI, a Silicon Valley startup specialising in building tools for natural language understanding in mobiles, web applications and devices.…

We read Nutanix's homework... and the numbers look good

Tue, 20 Sep 2016 13:41:06 GMT

Pre-IPO HCI startup's promising biz growth foundation

Analysis Nutanix has filed an amended S1 IPO form with the SEC and data within it shows a strongly growing business well-set for an IPO if the financial environment is supportive.…

Three outsources staff to Capita

Tue, 20 Sep 2016 13:19:12 GMT

Merry Christmas and a Happy... Oh

Staff at Three are poised to receive a very early Christmas present - in the form of a Transfer of Undertakings Protection of Employment notice to everyone's favourite outsourcer Capita.…

Non-big IT vendors: Trying to understand where startups fit in tech

Mon, 19 Sep 2016 08:09:11 GMT

Part one: Who are you calling an upstart?

Sysadmin blog Are startups to be avoided? You'll get different answers depending on who you talk to, but the arguments have relevance for the virtualization and storage markets as, today, most of the innovation is occurring with startups.…

Mirantis grabs Kubernetes maestro to orchestrate OpenStack inversion

Thu, 15 Sep 2016 16:03:11 GMT

TCP Cloud brings AWS-industrial scale to microservices management

Mirantis has bought a Kubernetes master to fulfil its common goal with Intel and Google: to wrap up OpenStack for micro services.…

Elastic acquires predictive analytics firm

Thu, 15 Sep 2016 15:01:08 GMT

Buy Prelert, the world needs... um

Elastic, the company behind Elasticsearch, has acquired behavioural analytics biz Prelert.…

British mobile AI 'bot perfecter stalked by Silicon Valley – report

Thu, 15 Sep 2016 12:02:10 GMT rumoured to be AI tech target

British AI startup,, is the latest company rumoured to be snatched up by a US tech firm in Silicon Valley, according to the Financial Times.…

Straight outta Staines: Attenda has finally been sold... to US biz Ensono

Tue, 13 Sep 2016 14:53:13 GMT

We called it

The Staines-based managed service provider Attenda has been sold to Ensono, and we called it.…

Microsoft leads group pelting 'heavy duty' robot maker with $10.5m

Tue, 13 Sep 2016 13:10:02 GMT

Sarcos swaps cash for 4 board spots... that's going to end well

RotM Sarcos Robotics has received $10.5m in investment from Microsoft, Caterpillar and other backers.…

Brexit makes life harder for an Internet of Things startup

Mon, 12 Sep 2016 09:36:08 GMT

What's going to happen with the CE mark for 'leccy goods?

At about the time when my startup will be wanting to sell to the EU at scale, Brexit may make 80 per cent of that market harder (more expensive) to reach.…

Investors resist Larry Ellison's $9.3bn NetSuite deal

Thu, 08 Sep 2016 15:12:11 GMT

'Unique' relationship with big shareholder questioned

Influential investors are opposing NetSuite’s $9.3bn acquisition by Oracle for selling their firm short.…

Little boxes made of ticky-tacky: What Dell's record-busting $67bn EMC deal means

Thu, 08 Sep 2016 11:34:12 GMT

Engineered, er, systems for, you know, 'stuff'

Dell’s acquisition of EMC is large by several measures: a $67bn purchase price – the most ever paid in tech.…

Brexit? We have heard of this, says Dixons Carphone CEO

Thu, 08 Sep 2016 09:35:50 GMT

'No detectable impact' on consumer cash splash after vote to leave EU

The UK's vote to leave the European Union has not dampened UK shoppers’ gadget lust, according to Dixons Carphone, which has reported a four per cent year-on-year hike in Q1 sales for the 13 weeks ended 30 July.…

EMC/Dell deal respectfully caps the minicomputer age

Wed, 07 Sep 2016 13:09:53 GMT

The legacies of Wang, Prime, DEC and Data General live on in mega-deal

Over the years I've followed EMC, executives have told me that cloudfather Joe Tucci would sometimes gaze out of his office window at the company's Hopkinton headquarters and ponder the company's place as the last surviving Massachusetts technology giant.…

My Dell merger wish list

Wed, 07 Sep 2016 11:29:05 GMT

I want geeks, the future and a pony

Sysadmin Blog It's merger day, it's merger day! Everyone please crank out a pile of speculation, research, facts, and innuendo about Dell, EMC, VMware and the ever important "what it all means". We will watch and participate as the entire internet completely overloads everyone's signal-to-noise filters by bombarding them with unprecedented levels of contradictory bullshit – rendering the topic meaningless.…

What's Dell brewing the day before its EMC mega-slurp? A latte money? Oh, a flat white

Tue, 06 Sep 2016 23:57:44 GMT

Hopefully new biz has better luck than current one

Dell has reported near-flat revenues for its second quarter of the year, up just 1 per cent from its position 12 months ago.…

GE runs off $1.4bn, hands it to two 3D printing firms

Tue, 06 Sep 2016 15:38:08 GMT

Powdered metal is big business

GE, the US industrial jack-of-all-trades, has pledged to invest a whopping $1.4bn in two 3D printing suppliers to boost materials science and improve manufacturing capabilities.…

Intel adds vision to its AI vision with computer vision firm buyout

Tue, 06 Sep 2016 12:22:13 GMT

Eyes up Movidius, reaches for its wallet

Intel is not just content to build the silicon brains that will power the Rise of the Machines – it is bidding to own their eyes too, with the acquisition of computer vision developer Movidius.…

HSBC: How will we verify business banking customers? Selfies!

Mon, 05 Sep 2016 14:28:43 GMT

Nothing says business like... oh, hang on

UK bank HSBC will allow business customers to open new bank accounts using selfies as part of plans to simplify its application process.…