Technology
Light Science Technologies makes progress with Zenith contract
Controlled-environment agriculture and contract electronics technology company Light Science Technologies updated the market on its contract with Zenith Nurseries on Friday, to develop a cloche lighting and sensor technology system.
Drumz narrows loss as KCR investment disappoints
Technology investor Drumz reported first-half revenue of £30k on Friday, rising from £18k year-on-year, as its operating loss narrowed to £0. 18m from £0. 26m.
Benchmark completes new £64m senior green bond issue
Aquaculture biotechnology company Benchmark has successfully completed a new senior unsecured green bond issue of NOK 750m (£64m), it announced on Friday, with expected maturity on 27 September 2025.
AstraZeneca blood clot treatment meets trial endpoint
AstraZeneca on Friday said its Danicopan add-on anti blood-clotting drug had met a primary endpoint in a phase III trial.
Croma Security wins £6.1m of new annual contracts
Croma Security announced four new contract wins worth £6. 1m in annual revenue on Thursday, equivalent to 17% of total group sales.
Big Technologies confident after strong first half
Big Technologies reported a 27% improvement in first-half revenue on Thursday, to £222. 9m, following new contract wins and an increase in business from existing customers.
Tintra gets first approval in Qatar banking licence process
Financial technology company Tintra has gained the first of a number of required approvals in Qatar, it announced on Wednesday, as it moved towards a banking licence.
Advanced Medical Solutions upbeat on strong first half
Advanced Medical Solutions reported a 16% improvement in first-half revenue on Wednesday, to £58. 3m, primarily driven by commercial progress and increased pricing to recover inflationary cost increases.
Revenue meets forecasts but earnings set to miss for Focusrite
Audio hardware and technology company Focusrite said in a trading update on Wednesday that underlying demand for its products remained strong in the year just ended, with registrations for its content creation and audio interface solutions continuing at rates experienced ahead of the pandemic.
CentralNic acquires supplier Aporia for $11.2m
Internet presence and marketing service provider CentralNic has agreed to acquire MA Aporia for an initial $11. 2m in cash, it announced on Wednesday, subject to customary adjustments for net cash and working capital, from Aporia's founders.
Marlowe reports 'strong' progress in year-to-date
Business software and regulatory service provider Marlowe updated the market on its recent trading on Wednesday, reporting “strong” financial progress, in line with expectations.
Google loses appeal against mammoth EC antitrust fine
Alphabet’s main operating subsidiary Google has lost its appeal against the European Commission’s biggest-ever antitrust fine, it emerged on Wednesday, with the bulk of the penalty being upheld.
ITM Power revenue lower than hoped due to Leuna delay
ITM Power reported revenue of £5. 6m in its final results on Wednesday, up from £4. 3m year-on-year, but lower than the company had hoped due to delayed delivery of the 24 MW Leuna contract.
Transense inks deal with Meggitt SA
Sensor systems developer Transense Technologies announced the signing of a memorandum of understanding with Meggitt SA on Tuesday.
Pelatro wins $0.6m in contract changes
Customer engagement software specialist Pelatro has been awarded multiple purchase orders for change requests by existing customers, it announced on Tuesday.
Google facing €25bn digital advertising lawsuit
Alphabet’s main operating division Google is set to face a €25bn (£21. 68bn) lawsuit in the UK and the European Union, it emerged on Tuesday, amid accusations of anti-competitive behaviour in digital advertising.
Kape raising at least $110m for more acquisitions
Privacy and security software company Kape Technologies announced on Tuesday that it was planning to raise between $110m and $200m, to help accelerate its growth through acquisitions.
Tremor completes $239m acquisition of Amobee
Video, data and connected television advertising technology company Tremor International announced the closing of its acquisition of global ad platform Amobee on Tuesday.
Accesso confident as it returns to pre-Covid sales mix
Leisure and entertainment technology provider Accesso reported a “strong” first-half performance on Tuesday, with revenue rising 25. 8% year-on-year to $63. 7m, or 29. 1% at constant currency.
Smart Metering Systems reports 'strong' first half
Smart Metering Systems reported a “strong” first half performance on Tuesday, with index-linked annualised recurring revenue rising 8% over the end of 2021 to £93. 1m, which was also ahead 11% year-on-year.