London Tech Week commenced on June 9th. Prime Minister Sir Keir Starmer and NVIDIA CEO Jensen Huang took to the stage at the opening of the event as the government announced an 拢86bn boost to science and technology. Controversy later broke out as Humanvantage AI founder Davina Schonle was denied entry to the event for bringing her eight-month-old daughter.
Oxford Instruments has entered into a binding agreement to sell its quantum-focused business, Oxford Instruments NanoScience, for 拢60m. The deal with California-based Quantum Design, International Inc caused huge fluctuations in the company鈥檚 share price.
GlobalData plc has terminated potential takeover talks with private equity firm ICG. The news follows last month鈥檚 collapse of a potential deal with KKR.
Why all roads lead to the North East –听In the first of her monthly columns, Moja founder Sophie Milliken reflects on why the North East is top of the league.
Listed Frontier IP secures deal to create Cambridge innovation hub
US private equity firm Advent International has made a 拢4.4bn offer for Spectris plc., following previous offers which were rejected.
Holomem, a London-based firm pioneering holographic cold data storage, has been awarded a 拢550k Smart Grant by Innovate UK for its HoloDrive project in partnership with data centre consultants TechRe. The startup was founded by CEO Charlie Gale, a serial entrepreneur who was previously a design engineer at Dyson.聽
Spending Review reaction amid record investment in technology – Rachel Reeves鈥檚 speech to the House of Commons included a pledge to increase research and development funding to 拢22bn a year by 2029.
Manchester-headquartered M247 Group has sold its UK business to Convergence Group. It has divested its UK-only connectivity and IT services operations to focus on international growth.
Octopus strikes strategic funding deal with Sheffield CleanTech