Technology
Klarna planning to cut 10pc of its global workforce
Consumer credit provider Klarna is planning to axe 10% of its staff, it was reported on Tuesday, as the company warned that a recession looked likely.
Bytes Technology delivers another record set of results
Bytes Technology Group reported gross invoiced income of £1. 21bn in its preliminary results on Tuesday, up 26. 1%, with growth reported across all business areas of software, hardware and services.
Plant Health Care's Brazil partnership progresses ahead of plan
Biological agricultural product developer Plant Health Care said on Monday that its partnership with Nutrien Soluções Agrícolas for its ‘Saori’ soybean seed treatment was progressing ahead of expectations in Brazil.
Quantum Blockchain surges on crypto mining progress
Quantum Blockchain Technologies updated the market on the current progress of its bitcoin mining research and development on Monday, reporting that it has moved from simulation testing and started live experimental mining on its platform using a standard version of the ‘SHA-256’ algorithm.
CentralNic reports solid first quarter growth
Online service provider CentralNic reported an improvement in both revenue and adjusted EBITDA in the March quarter on Monday, driven by a combination of acquisitions and underlying organic growth.
Judges Scientific buys Geotek in biggest acquisition yet
Scientific instrument-focussed investor Judges Scientific has acquired Geotek Holding and Geotek Coring, it announced on Monday, which develops and manufactures instruments used to measure and log various characteristics of geological cores, and supplies related services.
Angle's Parsortix to be used in 'significant' prostate cancer study
Liquid biopsy company Angle announced on Friday that Prostate Cancer UK has approved funding for a “significant” clinical study at the Barts Cancer Institute of the Queen Mary University of London.
Brian McLain to step down as Spectra Systems CFO
Banknote authentication, brand protection and gaming security technology company Spectra Systems announced on Friday that chief financial officer Brian McLain had tendered his resignation, effective 3 June.
Eagle Eye lifts expectations amid strong trading
Marketing software-as-a-service provider Eagle Eye reported “continued positive trading performance” in an update on Friday, raising its forecasts for revenue and earnings.
DeepMatter renews contract with research publisher Springer Nature
Digital chemistry data and software company DeepMatter has renewed its long-term commercial relationship with global research publisher Springer Nature, it announced on Friday, for a further three years.
Restore's strong momentum carries into new year
Information management and document service provider Restore said in an update on Friday that trading for the four months ended 30 April was in line with its expectations, as the “strong” second half momentum last year carried into 2022.
ITM Power wins £9.3m contract under government net-zero programme
Energy storage and clean fuel technology company ITM Power has been awarded a contract by the Department for Business, Energy and Industrial Strategy (BEIS), it announced on Thursday.
Gamma trading at upper end of market expectations
Gamma Communications said in an update on Thursday that it has continued to grow throughout the first part of 2022, while executing against its longer-term growth strategy.
Idox describes 'robust' first-half performance
Information software provider Idox described a “robust” operational and financial performance in its first half on Thursday, in line with expectations.
Smart Metering maintains forecast after strong recent trading
Smart Metering Systems reported a strong recent performance in a trading update on Thursday, with index-linked annualised recurring revenue (ILARR) growing to £91. 4m as at 30 April from £85. 9m on 31 December.
Darktrace distances itself from HP-Autonomy legal row
Cybersecurity firm Darktrace responded to reports on Thursday that one of its executives had been linked to the legal row surrounding Autonomy’s sale to Hewlett Packard.
Sopheon buys Solverboard in deal worth an initial £0.75m
Enterprise software company Sopheon announced the acquisition of the business and assets of Solverlink on Wednesday, a UK-based cloud business trading as Solverboard.
Invinity appoints corporate advisor as part of US strategy
Energy storage technology company Invinity Energy Systems announced the appointment of EAS Advisors as its corporate advisor in the United States on Wednesday.
Open Orphan wins £7.3m human flu study contract
Specialist contract research organisation Open Orphan announced on Wednesday that its hVIVO subsidiary has signed a £7. 3m flu human challenge study contract with an unnamed biotechnology company, to test its antiviral product using hVIVO’s influenza human challenge study model.
Aquaculture firm Benchmark posts strong first half
Aquaculture biotechnology company Benchmark described an “excellent” first half performance on Wednesday, with revenues rising 33%, or 32% at constant exchange rates, to £79. 2m.