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The Latest Breaking News on European tech

1 SaaS Stock to Buy in 2023 and 2 to Avoid Completely

With continued innovation and stable demand for cloud-based applications, financially strong Software-as-a-Service (SaaS) stock The Descartes Systems (DSGX) might be well-positioned to capitalize on industrial tailwinds. However, due to declining financials, Palantir (PLTR) and Twilio (TWLO) might be best avoided. Continue reading….

StockNews.com

Frank Recruitment Group turnover reaches all-time high of $460m

The specialist recruiter expanded its global footprint last year with office openings in Italy and Canada

Birmingham Post

Construction products supplier SIG hails big increase in profit to £80m

The Sheffield supplier of supplier of insulation, roofing and commercial interiors said its turnaround strategy had worked

Birmingham Post

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Britishvolt valuation plunges 96% in blow to UK EV ambitions

The start-upis seen as a crucial element of the UK’s drive to grow its electric vehicle manufacturing capability

Evening Standard

Obscure Indonesia-linked investor circles UK’s Britishvolt with £160m deal

Talks on rescue deal for battery startup led by DeaLab, which has been involved in fossil fuel transactions

The Guardian - UK

Factorial Unveils 100 Amp-Hour Solid-State Battery Cell Concept At CES

Factorial, a start-up that develops the next generation of solid-state batteries, showed a prototype of its new 100 Amp-hour (Ah) cells at the 2023 Consumers Electronics Show (CES).

InsideEVs

AO 'cautiously optimistic' as it raises expectations after focusing on profit

The company said it now expects its adjusted EBITDA to be in a range of £30m to £40m for the full year

Birmingham Post

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Meet the three North East firms to make list of top 100 UK innovators

Rarecan. onHand and Pretty Mama all feature on the latest Startups 100 list

Birmingham Post

UK-EU data-sharing deal hailed as 'positive step' amid Brexit Northern Ireland Protocol row

But Stormont parties gave a mixed reaction to the data-sharing announcement

Belfast Live

2 Software Stocks to Add to Your Buy List in 2023

The software industry was under immense pressure last year due to macroeconomic headwinds. However, it is expected to witness growth amid rapid digitization and favorable spending. Given the growth prospects of the industry, quality software stocks Progress Software (PRGS) and Autodesk (ADSK) might be added to your buy list in…

StockNews.com

Ambitious tech start-up makes fourth acquisition in less than a year

Cardiff-based Flotek Group has bought one of Wales' leading telecommunication firms

Birmingham Post

AAB Group rebrands and relaunches Purpose HR

The company as acquired in 2021 and will now be known as AAB People

Insider UK

UK battery startup Britishvolt in talks to sell majority stake

Company says it is hoping to secure long-term funding so it can build ‘gigafactory’ in Blyth, Northumberland

The Guardian - UK

Electric battery firm Britishvolt in talks to sell majority stake

Britishvolt is in discussions with a consortium of investors concerning the potential majority sale

Birmingham Post

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Chronicle Live

Britishvolt in talks to sell majority of company to rescue 3,000-job plan

The identity of the potential investors has yet to be revealed, but a sale could safeguard the plant's future

Birmingham Post

Hitachi Construction Machinery set to create more jobs after South Tyneside expansion

The Hebburn machinery supplier has acquired a neighbouring unit to ramp up its growth

Bangkok Post

Kerry Express leans into efficiency scheme

Express courier Kerry Express Thailand Plc has launched a "LEAN" programme to enhance operational and cost efficiencies in many areas, as well as gain market share during the economic recovery.

The Independent UK

Best of CES 2023: High-tech eyebrows and a boba tea robot

Tech companies have showed off their latest products this week at CES, formerly known as the Consumer Electronics show

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Birmingham Post

Tech firm Flyform targeting rise in revenues to £21m this year

To support its growth plans it has appointed Rob Rees as MD

Birmingham Post

Topps Tiles board vows to fight off shareholder bid to oust chairman and take greater control of business

Topps is inching closer to 20 per cent share of UK market after record sales of £247 million

Birmingham Post

Security Hardware bought out by North West firm UAP

Willenhall-based company has joined expanding group which has acquired two other firms in recent years

The Independent UK

CES startups face cautious investors amid economic woes

More than a thousand startups are showcasing their products at the annual CES tech show in Las Vegas, hoping to create some buzz around their gadgets and capture the eyes of investors who can help their businesses grow

Liverpool Echo

Manufacturing giant Exel Composites puts 50 jobs at risk in bid to save millions

The company said it could save €1.6m a year if it goes ahead with the plans

Birmingham Post

Almost 50 jobs at risk at industrial manufacturer Exel Composites as it considers downsizing UK operations

Exel Composites employs approximately 650 members of staff around the world and is listed on Nasdaq Helsinki

Los Angeles Times

Commentary: Recovering from Big Tech’s lost decade

For 65 years, the United States has counted on its digital tech industry to create amazing products and drive economic growth. For most of that time, the industry has exceeded expectations. Over the past decade, however, the tech industry has lost its way, with a culture, products and business models…

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