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Tech

Revolut's billionaire founder Nik Storonsky 'sells up to £230m' of his stake in fintech
By City AM
Nik Storonsky sold up to 60% of his stake in the fintech during an employee share sale last month, according to reports.
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Leeds Digital Festival returns to encourage collaboration in city
Events
More than 200 events will be held at the annual festival, which is returning for its ninth event
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Massive £3.75bn data centre planned in Hertfordshire to boost º£½ÇÊÓƵ's tech infrastructure
By City AM
A planning application for the new data centre has been submitted and, if approved, construction would be completed by 2029 and create some 500 jobs immediately
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Smart energy business Gridimp plans recruitment and new office after winning British Business Bank backing
Tech
Funding partner FSE Group says Gridimp 'emerging as market leader in sector undergoing desperately needed shake-up'
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Amazon Web Services to spend £8billion on new º£½ÇÊÓƵ data centres in tech race
By City AM
Amazon Web Services plans to invest £8bn in building, maintaining and operating a number of data centres in the º£½ÇÊÓƵ over the next five years, as the cloud division looks to expand its footprint
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Operating theatre tech specialist Jones AV wins ‘six figure’ backing through River Capital to grow and create jobs
North West
Wirral firm vows to 'continue pushing the boundaries of what's possible in operating theatre integration'
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Consumer insights group Vypr moving into US market with aim to quadruple in size and create 100 jobs
Technology
YFM-backed group works with some of the º£½ÇÊÓƵ's biggest brands
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Life sciences firm Gentronix set for ‘fantastic next step’ after it is acquired by Danish group Scantox
Tech
Gentronix 'well recognised for its high-quality genetic toxicology services'
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Aspire Technology Solutions sees revenues close in on £40m mark
Company Results
The Gateshead firm said its growth was driven mostly by organic expansion though it had also made its first acquisition
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Digital firm secures £1.6m as British Business Bank celebrates £5m South West funding landmark
Tech
South West Investment Fund has supported 10 businesses from Plymouth to Cheltenham
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New centre to boost next generation life sciences firms
North West
Health Tech Business Incubation Centre wins £1.8m innovation zone grant
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Darktrace co-founder Poppy Gustafsson to step down from cybersecurity firm after private equity takeover
By City AM
Poppy Gustafsson, who co-founded the firm in 2013 with backing from the late billionaire Mike Lynch, will be replaced by the company's chief operating officer Jil Popelka
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Google faces º£½ÇÊÓƵ scrutiny over alleged anti-competitive ad tech practices
By City AM
The Competition and Markets Authority said it has provisionally found that the US giant could be negatively impacting rivals over open-display advert technology.
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Next 15 shares halve as major client drops out, impacting future revenue projections
By City AM
Next 15, which specialises in digital and communications services, said one of its biggest clients has decided not to renew an agreement after its three-year term
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Tech firm moves Birmingham team to new home
West Midlands
TerraQuest is the latest tenant to join Northspring following a major renovation programme
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Digital archive group Mirrorweb wins $63m US investment
Technology
'MirrorWeb’s story demonstrates what an ambitious Manchester-based business can achieve'
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Pinewood Technologies invests $4.2m in AI firm Seez, secures US distribution rights
By City AM
Pinewood Technologies, which was formerly known as Pendragon, said it had agreed to invest $4.2m (£3.2m) as part of a minority investment round with Seez
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Revolut to 'revolutionise business accounts' for millions of companies
By City AM
Revolut Business has said it is "aggressively doubling down" on the business market, after the unit's global revenues exceeded $500m (£380m) this summer
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Cirata points to signs of recovery as turnaround frustrated by deal slippage
Company Results
Boss Stephen Kelly said progress was being made but that was yet to be reflected in headline numbers
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CAB Payments profit slumps as currency moves hit first-half earnings
By City AM
The London-listed firm, which specialises in FX and cross-border payments for "hard-to-reach markets", said on Wednesday that its pretax profit came in at £13.7m for the six months to 30 June, a 43 per cent drop on the same period last year.
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Life sciences firm ScubaTx opens Manchester base after £1.5m funding round to develop its organ transplant technology
Tech
Newcastle firm looks to North West with support from GMC Life Sciences Fund By Praetura
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Opencast secures £32m contract with Department for Work and Pensions over two years
Technology
The Tyneside business will help the Government department to develop 'citizen-facing' services
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Productivity software firm Getbusy sees share price drop following underwhelming half-year performance
By City AM
The AIM-listed company, which provides software for professional and financial services, saw its shares sink by nearly 11 per cent on Tuesday morning
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Pennant International makes duo of senior appointments
Appointments
The chief executive of cyber security firm Intercede has joined the company - and it has also hired an interim CFO
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