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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£½ÇÊÓƵ 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£½ÇÊÓƵ.
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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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Newcastle body clock tech innovator Circadacare secures £500k investment
Deals
The business says the funding means it can speed up work on its products based on the feedback of early adopters
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Sheffield sensor start up Phlux Technology seals £9m investment deal
Deals
Phlux Technology is alreadt working with customers around the world and is now looking to scale up
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Leeds cloud services firm virtualDCS acquired by private equity player MonacoSol
Deals
The North West-based investor has taken a majority stake in the business
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Losses narrow at tech firm Cirata in move from 'rescue to recovery'
Technology
CEO Stephen Kelly said the Cirata journey has 'often been gruelling, with many unplanned and negative surprises'
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Quickline’s Project Gigabit rolls out to additional 6,000 homes and businesses
Technology
The expansion of the rural broadband provider's rollout is backed by an additional £11m in public funding
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Data specialist founded ‘over pizza and beers’ wins investment from DSW Ventures
Tech
Manchester tech firm Fireflai helps clients analyse fragmented data
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º£½ÇÊÓƵ tech sector falls out of top 10 as emerging superpowers take the lead
By City AM
A new global ranking has placed the º£½ÇÊÓƵ in 13th position for tech competitiveness, with countries such as Singapore, Australia and Ireland leading the way
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NatWest to launch more Accelerator business hubs
West Midlands
High street bank is marking ten-year anniversary of support programme launched in Birmingham by partnering with more universities
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Workplace learning firm secures £1m funding round
West Midlands
Assemble You is aiming to increase engagement from employees by using podcast-style learning tools
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