BT appoints chief for new UK-centric business arm as revenue dips January 30, 2025 BT has appointed a CEO for its new UK-centric BT Business, at the same time as reporting a dip in revenue due to tough trading outside of the UK. BT’s share price fell just over four per cent in early trades. Jon James will be appointed a CEO of BT Business in March, and it [...]
How AI will ‘reshape the UK business landscape’ in 2025, according to Dell boss December 28, 2024 How artificial intelligence (AI) will “reshape the UK business landscape” in 2025 has been outlined by Dell Technologies’ top boss in the country. Steve Young, who is the US giant’s UK senior vice president and managing director, has said new approaches to data centre infrastructure will be crucial to delivering the predicted return on investment [...]
Plans worth £200m revealed by Imperial College London and Bruntwood SciTech November 20, 2024 Imperial College London is to build a life sciences and deep tech development worth over £200m in the west of the capital after partnering with Bruntwood SciTech. The university has earmarked land at its White City Deep Tech Campus after signing an agreement with the joint venture between property group Bruntwood, Legal & General and [...]
Autumn Budget 2024: Labour backs UK’s tech and creative sectors October 30, 2024 The UK’s technology and creative industries received a boost in Rachel Reeves’s Autumn Budget on Wednesday, as the Chancellor laid out capital investment plans that she said will “drive growth across the country.” Reeves confirmed plans to “capitalise” the National Wealth Fund to back industries set for future growth, including gigafactories, ports, and green hydrogen. [...]
Tech boss warns UK to avoid own goal in Autumn Budget October 29, 2024 The founder and chief executive of a British artificial intelligence (AI) unicorn has urged the government to prioritise innovation in this week’s Budget, warning against policies that could hinder growth for UK tech firms. “I will be watching with huge focus when the Budget is delivered,” Vishal Marria told City AM, adding that “we must [...]
Computacenter issues profit warning as troubles persist October 28, 2024 London-listed tech company Computacenter has slashed its full year guidance after prudent corporate spending and slow completion of orders damaged its third quarter performance. Although it expects to deliver a second half that is comfortably ahead of last year, Computacenter now expects its adjusted profit before tax for 2024 to be “modestly behind last year”, [...]
Bytes Technology: NHS and HMRC contracts help lift profit as dividend hiked October 15, 2024 IT provider Bytes Technology has posted an uptick in income and operating profit as new and existing clients invest in their software. In its half year results for the six months ended 31 August, Bytes said gross invoiced income jumped by 13.7 per cent to £1.2bn, largely driven by software and from public sector contract [...]
Servicenow pledges £1.2bn investment into UK business at summit October 14, 2024 American software firm Servicenow has committed to investing $1.5bn (£1.15bn) into its UK business over the next five years, the New York-listed company announced today at the international investment summit. Servicenow, a platform that automates and manages business processes, such as customer service and HR, also plans to expand with new office space and grow [...]
Scrap AIM to save London’s capital markets, think tanks say October 13, 2024 London's junior stock exchange should be ditched, according to a new report, as part of a "radical surgery" to save the UK's ailing capital markets.
Blackstone: Private equity giant backs £10bn AI data centre deal in UK September 26, 2024 Private equity giant Blackstone has injected £10bn into the UK to build one of the largest artificial intelligence data centres in Europe. The investment will build a data centre in Blyth, in the north east of England, creating more than 4,000 jobs. Construction of the site is expected to begin next year. It comes after [...]