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Tech

County Durham solar specialist to power up commercial plans with £4.3m investment
Deals
The pioneering Seaham firm is the current business of the Year for the Durham, Sunderland and South Tyneside region
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Maritime tech firm Succorfish moves into oil and gas sector
Technology
The North Shields firm has carried out a six month R&D project to adapt its device for use hundreds of metres under water
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Melius Cyber in Newcastle raises further £500,000 for platform to safeguard SMEs
Deals
The latest funding round brings the total raised to date to £1.35m
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Bristol healthtech secures nearly £900k for device it claims could save NHS £1bn and prevent blindness
Finance
Bristol-based Siloton will use the capital to develop its product and bring it to market by 2025
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Revolut takes on Square with new payment terminal for larger businesses
By City AM
The London-based banking firm is set to roll out the device, called Revolut Terminal, in the º£½ÇÊÓƵ and Ireland ahead of the busy festive season in a push to grow its business-to-business offering
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º£½ÇÊÓƵ government defends decision not to invite Elon Musk to investment summit amid controversy
By City AM
Technology secretary Peter Kyle has suggested that Elon Musk was not invited to the government's international investment summit due to his tendency to avoid such events
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Centrica-owned Hive strikes deal with EV charging app Zapmap
Deals
The partnership between the two businesses will begin in 2025
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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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