DCC splashes £213m on Medi-Globe in sustained acquisitions spree September 8, 2022 DCC has splashed €245m (£213m) on medical device company Medi-Globe, in the healthcare division’s biggest acquisition. The buyout, which is still subject to competition regulatory approval in Germany and France, is expected to be completed in the final few months of the year and drum up a mid-teen return on capital over the next three [...]
Liz Truss’ government must not keep science on the backburner, urges hVIVO CEO September 8, 2022 Liz Truss’ new cabinet must not allow science to be kept on the backburner, the CEO of hVIVO, formerly Open Orphan, told Morning Wire today. “One of the key things for me is to realise that the science industry played a significant role in fighting the pandemic,” CEO Yamin ‘Mo’ Khan said. “Without the vaccines, [...]
UK must pursue overseas tech talent, says start-up body September 8, 2022 A leading start-up body has championed the flow of overseas talent into the UK’s technology sector today as new figures showed that nearly one in five UK tech firms had a foreign founder.
Terrible Thursday for Darktrace as shares nosedive by 25 per cent after private equity walks away September 8, 2022 Darktrace share price jumped sharply on reports last month that it is in talks with private equity fund Thoma Bravo, although no figure was attributed to the discussions. However, this morning it was confirmed that these talks had ended with no prospect of an offer being made in the near future, although the option was [...]
When the chips are down: Samsung boss warns of weakening demand September 7, 2022 The global semiconductor industry may take a turn for the worse after years of steadily rising demand, the CEO of Samsung Electronics has warned. Semiconductors, or computer chips, are used in most of today’s technology and are a critical component in electric vehicles. “The second half of this year looks bad, and as of now, [...]
BAE Systems muscles in on satellite space with defence cluster September 7, 2022 British aerospace and defence giant BAE Systems is set to unveil a satellite cluster later today. The cluster, made up of four satellites, will be focused on earth observation, intelligence, surveillance and reconnaissance and be rented out to businesses and allied governments alike. Much like the smartphone, the satellites will be able to download different [...]
UK chips sector can compete with Taiwan with a US-style strategy, says IQE boss September 6, 2022 A strategy to rival the US’ Chips Act would allow the UK to compete with the likes of Taiwan, China and the States, the CEO of chipmaker IQE has told Morning Wire today. “It would really position IQE and the UK as a world leader of compound manufacturing,” Americo Lemos said. “It would allow the [...]
Government delays national security call on Nexperia’s takeover of Newport Wafer September 5, 2022 The government has pushed back its decision to approve or block the £63m takeover of the UK’s biggest computer chip maker by Chinese-owned Nexperia. Business secretary Kwasi Kwarteng had been expected to publish his decision on the deal for Newport Wafer Fab today, using fresh powers from the National Security and Investment Act which passed [...]
Apple set to double digital ad team as Big Tech looks to cull September 5, 2022 Apple plans to nearly double its digital advertising business, just as the likes of Snap bid to make teams leaner.
Dechra sets sights on expansion with two major deals and South Korean subsidiary September 5, 2022 Veterinary business Dechra has its sights set on expansion after setting up a new subsidiary in South Korea and injecting nearly £400m on acquisitions this summer alone. “We have continued to progress on all aspects of our strategy; the product development pipeline was strengthened, material acquisitions were completed post year-end and a new subsidiary was [...]