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The Latest Breaking News on European tech

Funds, Financing Portfolios Allocate $1 Billion for Saudi Emerging Technologies

Eight investment funds and programs allocated 3.7 billion riyals ($1 billion) to support Saudi Arabia’s IT sector. On the sidelines of the LEAP 2023 conference in Riyadh, the Ministry of Communications and Information Technology unveiled on Tuesday investment funds to support the growth of startups and medium-sized companies, accelerate the…

Asharq Al-Awsat

Speedy Hire launches investigation into missing equipment worth £20m

The company said the loss is not expected to impact its cash position or underlying profit performance

Birmingham Post

Dynamo boss sets out new strategy to grow tech network and its influence

Co-founder of the North East membership organisation Charlie Hoult has stepped down from his role as chair

Birmingham Post

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3 Logistics Stocks to Add to Your Portfolio This February

The logistics industry has recovered significantly from pandemic-related challenges and is poised to witness solid growth in the foreseeable future, driven by the rapid adoption of advanced technologies and redesigning of supply chains. Therefore, it could be wise to add quality logistics stocks Kuehne + Nagel (KHNGY), Universal Logistics (ULH),…

StockNews.com

Saudi Arabia Unveils Investments Exceeding $9 Billion with Launch of LEAP 2023

With the launch of the LEAP Tech 2023 conference - the largest global gathering for technology and digitization developments – on Monday in Riyadh, Saudi Arabia unveiled investments exceeding $9 billion to support future technologies and emerging companies in the Kingdom. More than 700 experts, scientists and specialized companies from…

Asharq Al-Awsat

Filtronic revenues rise 5% amid growth in global aerospace and defence markets

Half year sales are up to £8.4m but the worldwide semiconductor shortage will shape the rest of 2023, the firm says

Birmingham Post

Manchester tech firms beat Rome, Lisbon and Brussels by raising over £500m in record year

Manchester has over 1,600 start-ups and scaleups which are employing an estimated 60,000 people

Manchester Evening News

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Zilch partners with debt charity StepChange

Zilch will be the first buy-now-pay-later platform to integrate StepChange Direct advice

Evening Standard

Manchester tech firms raise over £500m to keep northern crown and beat the likes of Rome, Lisbon and Brussels

Manchester has over 1,600 start-ups and scaleups which are employing an estimated 60,000 people

Birmingham Post

North East universities put more than £2bn into region's economy

New report says Newcastle, Northumbria, Durham, Sunderland and Teesside universities support hundreds of innovative firms

Birmingham Post

Reach Solutions announces leadership changes in Ireland

“It's an exciting time for Reach Solutions to have this fantastic talent leading the Irish sales function.”

Belfast Live

Advanced Composites Engineering's growth plans backed with second NEL investment

The Cramlington company will create jobs on the back of the new £150,000 investment

Birmingham Post

Dragons' Den star Steven Bartlett submits bid to buy brand from Social Chain AG

Mr Bartlett has also opened up about why he resigned from the company he co-founded

Birmingham Post

Australian startup Recharge wins bid for collapsed UK battery company Britishvolt

Recharge, which is also planning a factory in Victoria, revives goal to build £3.8bn ‘gigafactory’ in north England

The Guardian - AU

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Birmingham Post

Britishvolt is sold to Australian firm Recharge Industries after going into administration

The Australian startup will now bid to revive the plans which would have brought thousands of jobs to Northumberland

Insider UK

STC INSISO secures £2 million investment

BGF backs Aberdeen-headquartered technology solutions business

Asharq Al-Awsat

Drydocks World, Aker Solutions to Upgrade Production at UK Rosebank Field

Drydocks World, a DP World Company, and Aker Solutions have formed a joint venture to upgrade a Floating Production Storage and Offloading (FPSO) vessel for the Rosebank oil and gas field in the UK. The new joint venture combines the complementary strengths, resources, and experience of Drydocks World’s leading marine…

Irish Mirror

Dublin jobs: Taoiseach says 'Ireland is open to investment' as he announces new tech vacancies

Leo Varadkar announced 50 new jobs over the next 18 months at Viatel Technology Group in Blanchardstown

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StockNews.com

Oracle, Salesforce and 1 Other Software Stock to Buy in 2023

The software industry encountered various macroeconomic challenges last year. However, the industry's prospects remain strong, owing to increased IT spending and growing cloud services adoption. Hence, it could be wise to invest in fundamentally sound software stocks Oracle (ORCL), Salesforce (CRM), and Progress Software (PRGS) this year. Continue reading….

Wales Online

Support for more than 300,000 fledgling UK start-ups as part of new partnership

"There is no shortage of ambition to start a business in the UK, but we must ensure these fledgling businesses get the best start possible."

Zenger

Elon Musk: Twitter Payments Launching Soon

Twitter's Advertising Business Shrinks, The Social Media Giant Unveils A New Revenue Source

Birmingham Post

York's Trustmarque acquires software asset management specialist Livingstone

The move is a 'first step' for the IT firm in its strategy to acquire other midmarket operators in the UK

Birmingham Post

Belfast engineering tech firm creates jobs after securing £500,000 investment

Sensoteq, which makes wireless sensors which monitor machinery, is hiring an additional 10 people

Birmingham Post

Plea made to keep alive 3,000-job Britishvolt dream after administration

Business leader and politician in MP in North East highlight the importance of the Northumberland site

StockNews.com

4 SaaS Stocks You Should Own

Although macroeconomic headwinds led to a brutal selloff last year, the SaaS industry is anticipated to witness considerable growth this year due to stable demand for cloud-based services. Therefore, quality SaaS stocks trading under $100, The Descartes Systems (DSGX), Informatica (INFA), Consensus Cloud Solutions (CCSI), and Park City Group (PCYG),…

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