UK broadband plans will slow online business growth

A £1.1 billion funding gap means the UK government’s targets for broadband growth are unlikely to be met predicts a report by the London School…

Facebook’s floatation values company at between £53 billion and £59 billion

Facebook has set the share price for its upcoming floatation at between £17.5 ($28) and £21.8 ($35) per share, valuing the company at between £53…

Microsoft opens new chapter with Barnes and Noble’s Nook e-books battle front

Microsoft has invested £185 million ($300 million) in a new digital venture with US bookseller Barnes and Noble to promote their e-book the Nook.The deal…

Apple’s profits up 91% in first quarter

Apple Inc announced yesterday that its net profit came in at £7.2 billion ($11.6 billion), up from £3.75 billion ($6 billion) in the same period…