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Tech

  • Concurrent Technologies shares jump after defence manufacturer sees higher UK demand

    May 1, 2024

    AIM-listed Concurrent has soared over 45 per cent over the past year as the company has made several strategic wins.

  • London tech company’s profits treble as stock soars over 130 per cent

    May 1, 2024

    Maintel, which is a London tech company that provides cloud services for businesses, said revenue for the year, ending December 2023, was £101.3m, up 11.3 per cent year-on-year.

  • Safety equipment firm Halma acquires MK Test for £44m

    May 1, 2024

    Safety equipment company Halma has acquired electrical testing technology firm MK Test for more than £40m, it has been announced.

  • Computacenter cautions on first half results amid ‘challenging’ UK market

    May 1, 2024

    "Germany and North America delivered solid underlying performances while the UK remained challenging," Computacenter said on Wednesday.

  • GSK raises 2024 guidance after strong vaccine sales

    May 1, 2024

    In its first quarter, British company GSK said sales rose 10 per cent to £7.4bn but total operating profit fell 18 per cent to £1.49bn.

  • Shein cash giveaways similar to Temu’s raise data privacy issues

    April 30, 2024

    Fast-fashion giant Shein has launched a number of promotions on its app,  such as "magic draw", "draw easily", "free gift", and "spin to win".

  • Meta to face £2.2bn class action after failing to overturn approval

    April 30, 2024

    Meta is set to face £2.2bn over allegations it abuses its dominant market position by imposing unfair terms after the Tribunal threw out its appeal

  • Ferrari-owners Exor to lead £12m funding round for British AI company Jigsaw

    April 29, 2024

    Before Jigsaw, the co-founders worked on building XRef, a proofreading software company, which they sold for a reported $10m (£8m).

  • Gresham posts strong results as it gears up to leave London Stock Exchange

    April 29, 2024

    It comes three weeks after Gresham announced it is set to be bought by STG Partners, an American private equity firm, for just under £150m.

  • Microsoft’s UK revenue soars on success of cloud storage services

    April 28, 2024

    Microsoft's UK revenue surged to over $8bn as it added 600 new staffers last year, according to new company filings.

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