Technology
Benchmark buys remaining interest in Iceland salmon egg subsidiary
Aquaculture biotechnology specialist Benchmark has acquired the remaining 10. 52% minority interest in its Benchmark Genetics Iceland subsidiary, it announced on Friday.
Arecor granted three patents in US, India
Biopharmaceutical company Arecor Therapeutics has received patents for its novel formulations of insulin and adalimumab, it announced on Thursday.
Creo raising at least £25m to progress various programmes
Medical device developer Creo Medical Group announced a fundraising of at least £25m net of expenses on Thursday, to progress its electrosurgical device programmes.
T42 progresses transition to lease-based contracts
Shipping container tracking technology specialist T42 IoT Tracking Solutions said in an update on Thursday that, despite global supply chain issues and ongoing business recovery from the Covid-19 pandemic, its total revenues for 2022 were set to total around $4m.
WeWork narrows Q4 loss, says breakeven possible in 2023
WeWork posted a large fourth quarter increase in sales together with a narrower net loss, while holding out the possibility that it might break even in 2023.
QinetiQ forms new Australia unit, names CEO
Defence technology company QinetiQ said it had formed a new Australia Sector and named Gary Stewart as its chief executive.
Checkit upbeat on transition to subscription model
Workforce technology specialist Checkit reported a 28% rise in annual recurring revenue in a full-year trading update on Thursday, to £11. 5m, surpassing consensus market expectations for £10. 8m.
Bidstack taps Thomas Bullen as its new finance chief
Native in-game advertising technology specialist Bidstack announced the appointment of Thomas Bullen as its new chief financial officer on Wednesday.
Sondrel reports strong growth in first update since IPO
Fabless semiconductor specialist Sondrel reported revenue growth of 116% year-on-year in a trading update on Wednesday, with 2022 revenue totalling £17. 5m.
Clontarf proposes joint venture to test lithium extraction tech
UK-based oil and gas explorer Clontarf Energy announced a potential 50-50 joint venture with US-based technology company NEXT-ChemX (NCX) on Wednesday.
Bango inks deal with Japan's Benefit One platform
Commerce platform Bango announced a new deal with Japan employee benefits provider Benefit One on Wednesday.
LPA wins £5.2m rail industry supply contract
LED lighting, electronic and electro-mechanical system designer and manufacturer LPA Group announced a record orderbook of £34m on Wednesday, with the receipt of a £5. 3m order for the supply of electro-mechanical products to the UK rail industry.
CAP-XX launches ultra-thin supercapacitor
CAP-XX announced the launch of the ‘DMV750’ ultra-thin 2. 2mm prismatic 3V supercapacitor on Wednesday, for internet-of-things (IoT), medical and other mission-critical electronic devices.
Haydale consortium secures Innovate UK grant
Haydale Graphene has secured £0. 26m in funding from Innovate UK, it announced on Tuesday, to develop imaging techniques that characterise 2D materials, including graphene.
Altitude Group set for record year-end result
Altitude Group is set to exceed current market expectations for the current financial year ending in March, according to a trading update it released on Tuesday.
Facilities by ADF performs 'strongly' in year since IPO
Film and television production facility specialist Facilities by ADF described a “strong performance” in its first full year as a listed business in a trading update on Tuesday.
Aurrigo reports strong operational, financial performance
Transport technology specialist Aurrigo International reported a “strong” operational and financial performance for the year ended 31 December in an update on Tuesday, following its successful initial public offering (PIO) in September.
FCA raids and inspects suspected illegal crypto ATMs
The Financial Conduct Authority (FCA) announced a crackdown on cryptocurrency vending machines on Monday, reporting that it had entered and inspected a number of sites around Leeds suspected of hosting illegally-operated crypto ATMs.
Plus500 posts 16% jump in full-year sales, further $100m in shareholder returns
Plus 500 posted a jump in full-year sales and profits as it tapped new markets and announced additional share buybacks and dividends.
Liberty Global takes 4.9% stake in Vodafone, rules out offer
Liberty Global purchased a stake in rival Vodafone in what market observers described as an opportunistic bid - but ruled out a possible offer .