UKFast Business News


08 June 2011

Poor Management Communication Holding Back UK Firms

Lack of communication between senior management and the wider business is responsible for the low motivation in the British workforce according to a recent survey by people development company, European Leaders.


07 June 2011

eBay Acquires Open Source E-commerce Platform Magento

Open source e-commerce platform Magento announced on Monday that it has been acquired by eBay, according to a blog post.


25 May 2011

IT Downtime Costs $26.5 Billion In Lost Revenue

It can be difficult to measure the cost of IT failures.


09 May 2011

Apple Topples Google as the World's Most Valuable Brand

Apple catapults to the summit of top 100 global brands with an 84% increase in its estimated value to $153bn (£93bn)


19 April 2011

IBM to Lose Million Pound Deal with AstraZeneca

Global pharmaceuticals giant AstraZeneca, is set go its separate ways from IBM, cutting the contract early, according to reports.


18 April 2011

IT Growth Slowing Down Says WEF

The UK is lagging behind in adoption of information communications and technology (ICT) to support economic growth, according to research by the World Economic Forum (WEF).


13 April 2011

Verizon Buys Cloud Provider Terremark for $1.4b

Verizon Communications has finalised its $1.4 billion acquisition of cloud computing server provider Terremark Worldwide.


08 April 2011

8.8 Million Tablets Used At SMBs

There are nearly 9 million tablets in use at small and midsize businesses in the U.S., roughly half of which were purchased by employees as consumers and later brought into the office environment, according to new research conducted by Techaisle.


07 April 2011

Apple Escapes $625m Patent Fine

A judge has thrown out a ruling that would have forced Apple to pay $625m (£383m) for alleged patent infringements.


05 April 2011

Google Bids $900m to Keep Patents from Rivals

Google has bid $900 million for 6,000 of Nortel's patents "to protect them from falling into litigious hands".


01 April 2011

One in Five Shop on the Move with Apps

One out of every five smartphone owners do shopping on the move through mobile apps, according to new research.


31 March 2011

Bribery Act Still Legal in Small Businesses

The government has announced that the Bribery Act will come into force on 1 July 2011.


29 March 2011

Nokia Files More Patent Complaints Against Apple

Nokia has announced today that it filed another complaint with the U.S.


29 March 2011

Ebay Buys GSI Commerce to Boost Business

In a bid to expand its business strategy, online marketplace eBay is set to buy GSI Commerce in the hopes of positioning itself at the forefront of "the next generation of commerce innovation".


28 March 2011

Google Making Move into Mobile Payments

Google has revealed its working with Citigroup and Mastercard, to design a mobile payment system for its Android handsets, according to reports.


24 March 2011

McAfee Chases More Firms in Sentrigo Acquisition

McAfee, on Thursday announced the acquisition of database security company Sentrigo for an undisclosed sum.


22 March 2011

Companies Wasting Money on Unneeded Applications

European and US Companies are wasting millions of pounds supporting applications they do not need and 85 per cent of global IT chiefs say the excess needs to be cut.


17 March 2011

LCD Display and Battery Supplies Hit by Quake

Following our story on Tuesday about the increase in the price of memory chips due to the Japan quake, it has become clear that the supply chain for more electronics is going to be affected.


16 March 2011

Smartphones Added to Shopping Basket Essentials

The Office of National Statistics has included smartphones and apps to their "shopping basket" of goods used to establish the Consumer Prices Index and Retail Prices Index.


15 March 2011

Smartphone Production Costs Dropped in 2010

The price of smartphone materials fell by 13 per cent last year compared to 2009, according to In-Stat, as the production of cheaper handsets increased to meet comsumer demand.


15 March 2011

Japan Disaster Rises Price of Memory Chips

Memory prices are predicted to rise in the aftermath of the earthquakes and tsunami that hit Japan, according to analysts.