UK sweeps a third of European tech funding in 2024 as London and Cambridge boom July 11, 2024 UK firms have received nearly a third of European venture capital tech funding so far this year, new data shows, as investors flock back to London and Cambridge bolsters its credentials as an international hub.
Focusrite: Music tech firm’s bottom line hit by shipping and logistical woes August 28, 2024 Shares in UK-based music software company Focusrite plunged 16.7 per cent after it reported that, while demand for its products remains strong, shipping and logistics challenges are squeezing its bottom line. Revenue is expected to come in around £157m, in line with current market expectations, as overall demand for its suite of audio tech products [...]
London Tech Week Day Four: The urgent case for digital skills investment June 13, 2024 With London Tech Week in full swing, Russ Shaw, founder of Tech London Advocates & Global Tech Advocates, gives us the inside scoop on the industry with his daily diary.
MTI Wireless Edge reports jump in profit thanks to demand for military tech August 21, 2024 Telecommunications firm MTI Wireless Edge has reported a jump in profit as strong demand for military antennas and 5G continued throughout the first half of the year. MTI Wireless Edge, which specialises in multi-sector communication and radio frequency solutions, reported no movement in revenue in its interim results today, which remained “level” at $22.3m (£17.1m). [...]
London Tech Week Diary day one: AI takes centre stage June 10, 2024 As London Tech Week kicks off, Russ Shaw, founder of Tech London Advocates, gives us the inside scoop on the industry with his daily diary.
UK tech sector is ‘not just OnlyFans’, business minister claims January 25, 2024 A business minister has told MPs the UK’s science and technology sector is “not just Only Fans”.
London Tech Week day three: Britain needs a chip on its shoulder June 12, 2024 As London Tech Week kicks off, Russ Shaw, founder of Tech London Advocates & Global Tech Advocates, gives us the inside scoop on the industry with his daily diary We are at the halfway point of London Tech Week 2024, and events – both headline and fringe – are truly in full swing. Today has marked the [...]
Recruitment firm SThree posts drop in fees as tech giants slash jobs June 18, 2024 London-listed recruitment firm SThree has posted a drop in fees amid a "challenging backdrop" and mass global layoffs across the technology industry.
Tech firm Checkit abandons takeover pursuit of AIM-listed Crimson Tide June 26, 2024 Checkit is now unable to submit another takeover proposal for six months. It had previously attempted to engage in discussions with Crimson multiple times over the last four years.
Plural launches £342m fund to target new ‘tech titans’ January 23, 2024 Venture platform Plural has launched a second fund aiming to raise €400m (£342.6m) for early stage ‘tech titans’. The firm, which began in June 2022, was founded by Wise co-founder Taavet Hinrikus, along with other entrepreneurs such as Songkick founder Ian Hogarth and angel investor Khaled Heloui. Over the last 18 months, the firm’s original [...]