Technology
Losses mount at Spotify as costs jump
Spotify fell deeper into the red in the fourth quarter, the music streaming service confirmed on Tuesday, as costs mounted.
Johnson Matthey inks long-term supply and development agreement with Plug Power
Johnson Matthey inked a long-term strategic partnership to supply Plug Power with the advanced materials necessary for its fuel cells and electrolysers from 2023.
ITM Power sees 1H operating loss widen sharply, announces strategy changes
ITM Power saw its operating losses bloat over the half as it continued to struggle in its transition from a research and development outfit and into a volume manufacturer at scale.
Facebook looks to block UK lawsuit
Facebook owner Meta Platforms is looking to have a collective lawsuit that was brought against it in London thrown out, it was reported on Monday.
IP Group dashes speculation of a possible business combination involving Istesso
IP Group said talks regarding a possible business combination involving its Istesso, one of its portfolio companies, had been terminated.
Rolls Royce chief says company is a 'burning platform'
Rolls Royce's new boss told staff the engineering group was a "burning platform".
US durable goods orders surge in December, as aircraft orders more than double
Orders in the US for goods made to last more than three years surged at the end of 2022.
Boeing's Q4 profits miss, but company beats on free cash flows
Boeing missed analysts' estimates for both its top and bottom line growth in its fourth quarter.
Morgan Stanley says broader growth story intact at Darktrace, upgrades
Analysts at Morgan Stanley upgraded their recommendation for shares of Darktrace from 'equalweight' to 'overweight', arguing that the "broader growth story remained intact".
Keywords Studios guides higher again, open to further acquisitions
Keywords Studios nudged its forecasts for 2022 up further, amid continuing momentum in organic growth, and guided towards the upper end of consensus estimates for 2023.
Ceres Power expecting strong margins, confident after electrolyser test results
Ceres Power posted better-than-expected full-year gross margins and announced what analysts said were "very encouraging" test data for its first electrolyser modules.
Spotify announces 6% headcount reduction
Spotify announced a 6% reduction in its headcount, joining the ranks of other tech giants who had announced redundancies recently.
TruFin reports solid progress across its portfolio
Financial technology investor TruFin announced in an update on Friday that its Satago Financial Solutions investment had delivered the trial phase of its fully-digitised end-to-end invoice finance solution with Lloyds Banking Group.
Allergy Therapeutics confident in funding as results remain late
Commercial biotechnology company Allergy Therapeutics said in an update on Friday that it expects first-half revenue of £39. 9m, making for a decrease of 18% year-on-year.
Mirriad shares surge as it explores possible sale
In-content advertising company Mirriad announced on Friday that it will conduct a formal review of its options, to maximise value for shareholders and other stakeholders.
EMIS trades in line as its takeover heads to the CMA
Healthcare software specialist EMIS Group updated the market on its trading in 2022 on Friday, and updated shareholders on the expected timetable of its takeover by UnitedHealth.
Big Technologies finishes year just ahead of expectations
Remote monitoring technology company Big Technologies said in a trading update on Friday that it continued to gain momentum in 2022, after its strong set of results for the first half of the financial year.
CPPGroup set to beat expectations as it exits legacy businesses
Assistance and insurance specialist CPPGroup said in an update on Thursday that it was expecting to report revenues from continuing operations around 19% higher year-on-year for 2022, or 15% on a constant currency basis.
Kooth ends year in line with market forecasts
Digital mental health platform operator Kooth said in a trading update on Thursday that its revenue for 2022 was expected to be within the range of market expectations, of £19. 6m to £20. 2m, driven by growth of more than 15% compared to prior year.
Craneware confident as some headwinds persist
US healthcare technology specialist Craneware said in an update on Thursday that group revenues in the first half were expected to increase by 6%, to $84. 7m, with adjusted EBITDA rising 8% to $25. 5m year-on-year.