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Tech
Inicio AI secures £2.6m funding round
West Midlands
Company is planning to use fresh injection of capital to expand product range and make new hires
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Cardiff fintech start up Burbank in partnership with global payments tech firm Transactility
Technology
Cardiff-based fintech start-up Burbank has been boosted with a strategic partnership with global payments technology provider Transactility.
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º£½ÇÊÓÆµ pumps £121m into quantum tech to fight financial crime
By City AM
The º£½ÇÊÓÆµ government has pledged £121m to accelerate the development and commercial use of quantum technologies, with ministers touting the potential to crackdown on financial crime and improve public services.
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Tyneside healthtech start-up Daiser lands coveted place on Google global accelerator programme
SMEs
The business provides a platform for people developing digital health services, making the process simpler, faster and cheaper.
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Hull's Accountabl sold to Swedish fintech Done.ai
Deals
The deal will see Accountabl's offer rolled out in the Nordics
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Google axes jobs as it looks to save money across Android, Pixel and Chrome teams
By City AM
The redundancies come after it was revealed that Google's parent company Alphabet had offered voluntary exit packages to employees in January
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Hull's Bombiix to use £530k investment to market new software product and create jobs
Deals
The business was set up by Lucy Blackley after her experience of frustration working with systems in a product-focussed job
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Comment: West Midlands business can lead the charge in AI adoption
West Midlands
KPMG senior partner Andy Bostock says the most successful firms are embracing the challenges and opportunities presented by AI
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Newcastle biotech pioneer Nanovery seals £1.1m funding boost
Deals
The Biosphere based business has received support from two Northstar Ventures backed funds, alongside investors Smartlink
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Alacrity Foundation spinout tech firm Lumin Solutions in equity fundraise boost
Deals
The company has developed an innovative case management system for use by child social care providers
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Nvidia, Apple, and Tesla stocks soar as Trump halts new tariffs, offering respite to tech giants
By City AM
The so-called magnificent seven tech stocks added more than $1.8tr in market value on Wednesday after Donald Trump unexpectedly paused a swathe of new tariffs, offering a rare moment of relief in an escalating trade war that had rattled big tech.
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Healthtech firm SiSU Health aims for European and Manchester growth with £1.25m investment from Praetura Ventures
Health
Growing business works with employers from JLR to Aldi and NHS trusts
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Revolut hit with £3m fine by Bank of Lithuania for anti-money laundering control failures
By City AM
The neobank was blasted for "violations and shortcomings in the monitoring of business relationships and [transactions]" by the Bank of Lithuania
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TSG acquires Computer Geeks to expand South West presence
Deals
The North East-based firm has talked of its ambitions to make three acquisitions per year, over the next three years
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Manchester and Bristol lead the way in high-growth business success outside London, Barclays Eagle Labs tech report shows
Technology
Universities and business support networks helping to drive GVA growth
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Microsoft slashes 200 jobs in the º£½ÇÊÓÆµ as sales near £10bn in 2024
By City AM
The US tech giant reduced its headcount from 5,540 to 5,337 in the year to 30 June, 2024, new accounts filed with Companies House show.
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Aelius Biotech scientists raise £750,000 to expand overseas presence
Deals
Aelius’s model is the only one of its type that can simulate all three stages of the digestion process – from substances passing through the gut, crossing the mucus layer on its surface and being absorbed into the body.
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Northumberland expansion for successful university spin-out Microbritt
Technology
Microbritt secured £400,000 investment last year to pave the way for relocation and the creation of new skilled jobs
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Nvidia loses $273bn in market value as Trump tariffs bite
By City AM
The leading chip maker closed down 7.8 per cent in the wake of US president Donald Trump announcing sweeping import duties.
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Hull tech firm launches wearable band to help hospitality workers manage tips
Technology
Hull's thankyü also says it will help businesses with the new increased National Insurance contributions
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£5.75m investment for healthcare firm Functional Gut Group as it plans nationwide expansion
Tech
Private equity firm Foresight Group backs Manchester business
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Researchers at Swansea University in major semiconductor breakthrough
Technology
It has established the first 4-inch thin film gallium oxide capability in the º£½ÇÊÓÆµ.
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ASA clears Three over 'misleading' iPhone 16 Pro ads after Vodafone complaint
By City AM
The Advertising Standards Authority has dismissed Vodafone's complaint against Three over a series of ads for its iPhone 16 Pro deal, after ruling that the claims were not misleading
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Raspberry Pi's profits halved in 2024 as stock price tumbles
By City AM
The firm, which listed on the London Stock Exchange in June, said its adjusted operating profit fell 15% to $37.2m (£28.8m) in the year to 31 December, just ahead of the average of analysts' forecasts
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