Technology
CMA drops investigation into Microsoft-Mistral AI partnership
The Competition and Markets Authority (CMA) announced on Friday that the partnership between Microsoft and Mistral AI did not qualify for a full investigation under the merger provisions of the Enterprise Act.
Sainsbury's enters five-year AI partnership with Microsoft
J Sainsbury announced a five-year partnership with Microsoft on Friday, aimed at enhancing customer and colleague experiences through artificial intelligence (AI).
Ilika losses narrow in year of progress
Solid-state battery technology developer Ilika reported full-year growth in a trading update on Thursday, alongside significant advancements in its ‘Stereax’ manufacturing and ‘Goliath’ product development.
Quantum Blockchain settles with some Sipiem defendants
Quantum Blockchain Technologies announced a significant development in its ongoing legal case involving its wholly-owned subsidiary Clear Leisure 2017, and Sipiem in Liquidazione, on Thursday.
Siemens revenue stable despite fall in orders
Siemens reported relatively stable revenue in its second quarter on Thursday, despite a 12% decline in comparable orders, reflecting a high volume of large orders in the mobility segment.
Auction Technology maintains guidance despite earnings fall
Auction Technology Group reported 6% growth in first-half revenue on Thursday, to $86m (£67. 81m), driven by strong growth in value-added services and contributions from ‘EstateSales’.
Sage Group shares fall on guidance downgrade
Sage Group shares were well into the red on Thursday morning, despite reporting a robust first-half performance, as the company downgraded its guidance.
Abingdon Health launching saliva pregnancy test with Boots
Lateral flow contract development and manufacturing organisation Abingdon Health announced the launch of Boots' own-brand saliva pregnancy self-test across the UK and online on Wednesday, in collaboration with Salignostics and Crest Medical.
Itim Group wins five-year contract renewal with Majestic Wine
Retail software-as-a-service provider Itim Group announced the renewal of a five-year multi-million-pound contract with Majestic Wine on Wednesday, for its ‘Unify’ platform.
Luceco revenue, profits rise in first quarter
Wiring accessories, electric vehicle chargers, LED lighting and portable power products specialist Luceco reported strong first-quarter revenue growth on Tuesday, rising 6. 2% year-on-year to £51m, or 4. 5% on a like-for-like basis.
Aptitude Software confident in full-year performance
Aptitude Software said in an update on Tuesday that it was confident in its performance for 2024, as ongoing organisational changes yielded positive progress, particularly in accelerating Fynapse readiness and delivery, supported by strategic partnerships.
FDM trading in line as softer market persists
It professional services provider FDM Group said in an update on Tuesday that the group had performed in line with the board's expectations in the first four months of the year.
Squarespace to go private in $6.9bn deal with Permira
Web design and hosting platform Squarespace announced on Monday that it is to go private in a $6. 9bn all-cash transaction with global private equity firm Permira.
Active Energy in various talks over future of CoalSwitch
Active Energy, a renewable energy company specialising in biomass-based solutions, said in an update on Monday that it had entered discussions with various parties regarding strategic opportunities and the potential sale of its ‘CoalSwitch’ assets.
Zoo Digital confident in meeting full-year expectations
Entertainment localisation and media service provider Zoo Digital Group said in an update on Monday that it has renewed its debt facilities with HSBC for an additional 12 months, amounting to $3m.
Raspberry Pi preparing for £500m float - reports
British technology firm Raspberry Pi is preparing for a £500m initial public offering (IPO) this month, it was reported on Sunday.
Polarean shares jump on MRI system order
Advanced MRI technology specialist Polarean Imaging shares were surging on Friday, after receiving its second de novo order for a new Xenon MRI System from the University of Alabama at Birmingham (UAB) Hospital.
Bytes Technology appoints Sam Mudd as permanent CEO
Bytes Technology Group announced the appointment of Sam Mudd as its permanent chief executive officer on Friday, as it also welcomed two independent non-executive directors to its board.
Syncona reports positive findings from investee Freeline
Life science investor Syncona reported positive findings from its portfolio company Freeline Therapeutics on Thursday, after a phase one and two study of its gene therapy candidate for Gaucher disease, ‘FLT20’, showed encouraging results.
Avon Protection inks £38m contract with UK MoD
Avon Protection announced a contract with the UK Ministry of Defence (MoD) on Thursday, for the provision of General Service Respirators (GSR) and associated in-service support.