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Consolidation looms for º£½ÇÊÓƵ fintechs as IPO prospects dim and funding tightens
By City AM
Fintech firms are bracing themselves for more consolidation as successful start-ups expand and established players fend off future rivals.
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SkinBioTherepeutics completes second acquisition with deal for Yorkshire firm BTS
Deals
The Newcastle life sciences firm said the acquisition showed how it was transforming its business
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Centrica's Hive struggles with losses despite revenue boost in smart home sector
By City AM
The business has reported a pre-tax loss of £28.2m for 2023, having also made a loss of £25.6m in 2022
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Cirata's turnaround bearing fruit with rising sales but targets remain challenging
Technology
CEO Stephen Kelly reiterated 'we are making good progress, but this is not represented in the headline numbers'
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Abingdon Health narrows losses as revenues rise more than 50%
Technology
The York-based firm has made two acquisitions this year and completed a £5.6m fundraise
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Cotswold IT support firm Kubus secures £9m from BGF
Finance
The tech reseller will use the funding to accelerate its growth
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Maritime tech firm awarded contract worth $213m
Deals
AIM-listed SRT Marine said the formal contract is expected to be completed before the end of next month
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Saudi fintech is on the rise as the kingdom looks to lead the next global revolution
By City AM
As digital transformation sweeps across the Kingdom of Saudi Arabia, the fintech industry has rapidly become one of the fastest-growing sectors in the Saudi economy
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Versarien strikes deal with Balfour Beatty to make mortars
Deals
The Gloucestershire firm is to make a range of 3D printable construction materials that have a low-carbon footprint
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Ignite accelerator celebrates alumni exceeding £100m exits in past 13 years
Technology
CEO Jo York called it a proud moment for the organisation which is said to have supported more than 500 founders
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Car dealership tech firm enjoying double-digit profit growth
By City AM
Pinewood Technologies said it made 'good progress' in expanding its customer base and had been successful in rolling out its system to the º£½ÇÊÓƵ dealerships of its strategic partner Lithia Motors
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º£½ÇÊÓƵ CEOs rank cyber incidents as top threat in new FGS Global report
By City AM
In a survey of more than 500 senior leaders of º£½ÇÊÓƵ businesses, including EY and JD Sports, around 85 per cent of firms reported having been through a crisis in the past year.
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Tech Minister launches '5G immersive lab' in Newcastle city centre
Technology
Chris Bryant was at Eldon Square to launch the Digital Catapult facility which aims to encourage firms to develop and adopt new technologies
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Medtech firm Creo Medical raises £11m to support expansion plans
Deals
The Chepstow based firm has secured backing from investors with a new placing of shares with plans to raise a further £5m via a retail offer
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MoD trials smart glasses that allow people to 'see' conversations
Ministry of Defence
It is hoped the high-tech eyewear will improve conditions for workers with hearing loss
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Playtech boosts earnings forecast, commits to major shareholder returns following Snaitech sale
By City AM
The gambling software company said its B2B business had grown "excellently'' and it would pay out €1.7bn (£1.42bn) to shareholders from the sale of Snaitech
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Petards posts steady revenues of £4.4m but warns full year results may fall short of expectations
Technology
Operating losses widened after completing the strategic acquisition of Affini Technology
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The art of ecosystem building: how Manchester is leading the charge in AI and deep technology in the º£½ÇÊÓƵ
Alan Turing
Liz Scott, executive director at the Turing Innovation Catalyst Manchester, on Manchester's tech success
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Bristol battery technology firm raises £10.4m in latest funding round
Technology
Anaphite has developed tech it says could make electric battery manufacturing cheaper
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How to win investment for your tech firm: Manchester entrepreneurs share their stories
Tech
Tech Climbers list launch aims to showcase inspiring businesses
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Jaguar Land Rover to work with Devon firm on 'pioneering' electric battery recycling project
Technology
The luxury car maker is working with Plymouth-based Altilium on the scheme
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Zoo Digital signals recovery in streaming market after harmful Hollywood strikes
Technology
The Yorkshire cloud-based services provider said it expects revenues to pick up
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Raspberry Pi post stronger than expected profits following flotation
Technology
The budget computer is made in South Wales by Sony
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Newcastle tech firm Opencast sees revenues close in on £50m mark
Technology
The firm based at Hoult's Yard has described 2023 as a "year of consolidation" despite a 38% increase in revenues
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