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The Latest Breaking News on European tech

AAB makes first US acquisition

Business services group buys-out its American payroll partner

Insider UK

Electric Mobility Brand Ryvid Appoints Jonathan Spira As New CFO

Electric mobility startup Ryvid taps Jonathan Spira as its new Chief Financial Officer after receiving a $20M grant from the state of California.

RideApart

Applied Materials Stock Clears Technical Benchmark, Hitting 80-Plus RS Rating

Applied Materials sees its Relative Strength Rating enter the 80-plus level.

Investors Business Daily

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Revolut report shines spotlight on other London fintechs with missing accounts

While Revolut has its accounts finalised, the Evening Standard has found there are at least three other major London-based fintechs that still haven’t filed their annual report with Companies House

Evening Standard

Huboo cuts 60 Bristol jobs at fulfilment firm’s head office

The company said the redundancies were the result of ‘volatile stock markets and decreased consumer spending in the short-term’

Birmingham Post

Man files complaint accusing YouTube of harvesting UK children’s data

Duncan McCann’s complaint is first one alleging major tech firm has broken new code

The Guardian - UK

Fintech firm Revolut moves closer to UK banking licence after first annual profit

Company criticised for late filing of accounts made profit of £26.3m in year to December 2021

The Guardian - UK

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ASIC sues Mercer Super over alleged greenwashing of fossil fuel, alcohol and gambling investments

For the first time, an Australian company is being taken to court in ASIC’s greenwashing crackdown after allegedly spruiking ‘sustainable’ products that invested in fossil fuel companies.

Crikey

The long term seems to be getting longer for online grocer Ocado

International adventures will be the crucial contributor but the UK operation is not irrelevant to the wider story

The Guardian - UK

Leeds chosen to launch national fintech quango that aims to scale up firms

The Centre for Finance, Innovation and Technology (CFIT) is backed by £5.5m of Treasury and City of London Corporation funding

Birmingham Post

Scottish start-up numbers reach five-month high

Latest data shows Scotland also saw the sixth largest monthly increase among the nations and regions of the UK

Insider UK

Northumberland's gigafactory jobs needed 'as soon as possible' - reaction as Recharge Industries take over battery plant project

The takeover of Blyth Britishvolt project was confirmed on Monday morning

Chronicle Live

Gloucestershire firm appointed to £10bn public sector framework

Headquartered in Stonehouse, manufacturing firm Metek specialises in light steel framing for modular buildings

Birmingham Post

STAC partners Murphy Wealth to address funding gap for early stage tech start-ups

Internet of Things accelerator will open applications for its third cohort at the start of March

Insider UK

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Insider UK

Seven companies chosen for latest CivTech accelerator

Tech solutions created for vulnerable people facing energy crisis, rural economy systems and protection of Scotland’s wildlife

Insider UK

Beeks reports rising revenue and profit

Interim results also reveal company headcount passing 100 during the period

Chronicle Live

New Britishvolt owners promise 'thousands of green jobs' in Northumberland

Australian firm Recharge Industries has bought Britishvolt after it ran out of cash and went into administration

Birmingham Post

Australian firm Recharge Industries finalises deal to buy Britishvolt

Britishvolt went into administration last month, leaving plans to create thousands of jobs in limbo

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news in one place.

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The Independent UK

Australian firm completes takeover of Britishvolt

The company was founded in 2019 but collapsed just three years later, laying off most of its 200 staff.

Chronicle Live

Australian firm completes takeover of Britishvolt after failed bid to build battery factory at Blyth

Hope for 6,000 jobs for the area after British company that collapsed had to lay off most of its staff

Liverpool Echo

Six jobs you can apply for in Liverpool this week

Fancy being student marketeer at Red Bull, or a team manager at Primark?

Tribune News Service

Twitter cuts more engineering, product jobs to curb costs

Twitter Inc. laid off more workers late Saturday in a fresh wave of cuts meant to curb costs at the social networking company now owned by Elon Musk.

Evening Standard

Layoffs cloud UK fintech prospects

While London-based Revolut is set to hire at least 1700 staff over the next year, many of its peers have been less fortuitous, with the likes of Railsbank, Zilch, Zego and TrueLayer all shedding at least 10% of staff

Birmingham Post

North East sees highest number of business start-ups in six months

However, the number of insolvency-related activities was on the rise compared to last year

Evening Standard

Shares in “digital transformation” business Kin & Carta tumble after profit warning

Shares are down 30%, but the business remains confident in its long-term outlook

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