Chinese AI firm SenseTime heads for £580m listing despite US investor ban December 20, 2021 Chinese artificial intelligence start-up SenseTime Group announced today that it has relaunched its $767m (£580m) Hong Kong share sale after its listing was pulled last week following an American ban on investment.
London ‘uniquely well-placed’ as space sector heads for M&A boom in 2022 December 20, 2021 The UK’s space sector is bound for an explosion in mergers and acquisitions (M&A) next year – with London “uniquely well-placed” for a leading role in the forecasted frenzy. Managing associate of Linklaters technology practice, Katie Williams told Morning Wire, that an increase in M&A activity is likely, with banks and other financiers expected to [...]
A quarter of the UK’s unicorns were created in 2021 alone as the tech sector shines December 20, 2021 New data shows how UK tech boomed in 2021, raising £26bn, doubling last year’s figures and creating a record number of unicorns.
Microchip maker Imagination on the verge of London listing after board reshuffle December 19, 2021 Chinese-owned Imagination Technologies gets one step closer to its London listing dream as a board reshuffle stifles concerns.
Palantir to reshore UK data processing from US amid regulatory storm December 17, 2021 Technology company Palantir will reportedly relocate its data processing for UK clients as it seeks to avoid tightening regulation.
Westminster group snags contract to bolster airport security in Africa December 17, 2021 The Westminster group has won a new contract to upgrade the security systems in two Southeast African airports after a lengthy bidding process. The contract, valued at $1.7m and funded by the European Investment Bank, will see the London-listed group supply the airports with new x-ray screening and metal detection equipment, as well as new [...]
Is the party over for Tesla shares after their recent losses? December 17, 2021 | City Talk While the Tesla share price remains in the stratosphere, there are several concerns looming on the horizon. The Tesla (NASDAQ: TSLA) share price has been volatile over the past few weeks. On 4 November, the electric vehicle (EV) stock hit a high of $1,230, before falling to $1,013 by 15 November. Then it rose to $1,157 a [...]
Shares jump by a fifth as Bidstack signs two year deal with Azerion December 17, 2021 Advertising company Bidstack has seen shares jump 20 per cent after it announced a deal with digital entertainment platform Azerion
Johnson Matthey to sell health division for £325m December 17, 2021 Chemical giant Johnson Matthey (JM) announced this morning the sale of its health division for £325m to investment firm Altaris Capital. The transaction, expected to close in mid-2022, has pushed shares up 0.25 per cent to 1,997p. Upon completion of the deal, JM will receive £150m cash, retaining a 30 per cent stake in the [...]
London’s Signal AI raises $50m to hire UK talent and ramp up international expansion December 15, 2021 Signal AI, a British startup that is trying to solve the “information overload” faced by business decision makers with its artificial intelligence and machine learning technology, has today closed a $50m Series D funding round. Its latest round was led by growth-stage investors Highland Europe, who have previously backed ContentSquare and Matches Fashion, and brings [...]