Technology
EU fines Meta EUR 798m over Facebook Marketplace competition concerns
The European Union has imposed a €797. 72m fine on Facebook’s parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online classifieds business.
Syncona launches Slingshot platform with £12.5m investment
Syncona announced the launch of Slingshot Therapeutics, a new portfolio company and accelerator dedicated to developing early-stage life science programs sourced from academia, on Thursday.
Data centre surge drives growth for Siemens
Siemens reported significant gains in the past year on Thursday, driven by robust demand in energy and electrification sectors, despite ongoing challenges in its business divisions.
BioNTech to acquire China's Biotheus in $800m deal
German biotechnology company BioNTech announced the $800m acquisition of Chinese biotech firm Biotheus on Wednesday, in a bid to further strengthen its oncology pipeline.
Gelion announces solid-state separator breakthrough
Battery technology company Gelion announced a breakthrough in the development of solid-state separators for lithium-sulphur (Li-S) and lithium nickel manganese cobalt oxide (Li-NMC) batteries on Wednesday.
Augmentum Fintech invests $4m in Emirati firm Pemo
Augmentum Fintech announced a $4m investment as the lead investor in a $7m funding round for Emirates-based fintech company Pemo on Wednesday.
Marks Electrical reports growth, but 'leaned too far' into lower-margin products
Marks Electrical Group reported a solid first-half performance on Tuesday, with revenue rising 9. 3% to £58. 8m, driven by 13% volume growth in major domestic appliances and a more-than-90% increase in consumer electronics volumes, though it was impacted by a shift towards lower-margin non-premium products.
Vodafone reiterates guidance after first-half revenue growth
Vodafone Group reported a 1. 6% rise in total revenue to €18. 3bn for the first half of its financial year on Tuesday, with service revenue growing 1. 7% to €15. 1bn.
Oxford Instruments confident despite some market softness
Oxford Instruments reported first-half revenue growth and strategic progress on Tuesday, recording a 10. 4% increase in revenue at constant currency to £225. 8m, supported by strong performance in North America and Asia outside of China.
Team Internet revenue rises, profit before tax falls
Team Internet reported a 1% improvement in gross revenue in the first three quarters of the financial year on Monday, to $615. 1m, while net revenue increased 4% to $143. 6m, bolstered by a rise in gross margins from 22. 6% to 23. 3%.
Seeing Machines reports strong growth in installations
Driver monitoring technology company Seeing Machines reported strong growth in its quarterly key performance indicators for the first quarter of the 2025 financial year on Monday.
Bitcoin tops $82,000 level in early Monday trading
Bitcoin has surged well past the $80,000 mark for the first time, propelled by investor optimism following Donald Trump’s US election victory, with expectations that his administration would support a friendlier regulatory environment for digital currencies.
Syncona's Autolus gets FDA approval for leukaemia treatment
Life science investor Syncona announced on Monday that its portfolio company Autolus Therapeutics has received US Food and Drug Administration (FDA) approval for Aucatzyl (obe-cel), a CAR T-cell therapy developed for adult patients with relapsed or refractory B-cell precursor acute lymphoblastic leukaemia (r/r B-ALL).
YouGov full-year revenue inches past August guidance
YouGov reported a modestly positive performance for the financial year ended July on Wednesday, with revenue reaching £335. 3m, a 30% year-on-year increase, slightly surpassing its August guidance.
Wise reports strong first half
Wise reported a strong first-half financial performance on Wednesday, with revenue up 19% to £591. 9m, and underlying income reaching £662. 4m.
Nintendo lowers forecasts amid diminishing Switch sales
Nintendo lowered its profit and sales forecasts for the year ending next March on Tuesday, reflecting diminishing demand for its seven-year-old Switch console.
Vestas Wind Systems shares tumble on Q3 profit miss
Shares in Vestas Wind Systems were tumbling on Tuesday, after it reported third-quarter revenue of €5. 2bn, up 18. 9% increase year-on-year, with a core operating profit of €235m, far short of the expected €352m.
Boeing workers agree pay deal, end strike
Boeing’s workforce ended a 53-day strike on Tuesday, after voting to accept a new labour agreement that included a 38% pay increase over four years and improved retirement contributions.
TI Fluid Systems revenue falls in third quarter
TI Fluid Systems reported a 2. 9% decline in revenue at constant currency for the first nine months of the year on Tuesday, citing reduced market volumes and economic headwinds in the third quarter, which alone saw a revenue drop of 5. 9%.
Morgan Advanced Materials lowers outlook, launches £40m buyback
Morgan Advanced Materials reported a 3. 8% rise in organic sales for the first nine months of 2024 on Tuesday, driven primarily by strong demand in its performance carbon segment, which saw a 12. 6% increase.