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The Latest Breaking News on European tech

Online market place Fruugo more than doubles revenue after stepping back from IPO plans

Fruugo had originally planned to become a public company in 2021

Birmingham Post

LGES And Honda's EV Battery JV In Ohio Officially Established

LG Energy Solution and Honda officially announced the formal establishment of the EV battery joint venture (JV), tentatively named L-H Battery Company.

InsideEVs

Damon Motors Strikes Indonesian Distribution Deal With Indika Energy

Electric motorcycle startup Damon Motors inks a distribution deal with Indonesia’s Indika Energy and announces plans to develop new platforms for the market.

RideApart

From analysis to the latest developments in health,
read the most diverse news in one place.

Vodafone has opened a new Edge Innovation Lab in MediaCity

Software developers and innovators in the Greater Manchester region will have access to technologies in the earliest stages of development

Manchester Evening News

Four South West firms named among UK’s top 100 start-ups

A compost producer and a healthy snack brand are among the businesses operating the region to have been recognised by industry experts Startups.co.uk

Birmingham Post

Big vs small: EU faces big subsidy rift before facing US

The European Union is thinking about injecting more subsidies into its industry to counter U.S. efforts to ramp up its green technologies sector

The Independent UK

10 questions for Hayley Fell of Evolved Search

The operations and delivery director for the Newcastle-based digital performance agency answers our questions

Birmingham Post

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Newcastle tech firm SPG snaps up Sunderland firm Axon Systems

Directors say the deal marks a major development for North East tech and the energy performance of buildings

Birmingham Post

Internet of Things accelerator launches recruitment platform

Partnership with HR firm seeks to address skills shortages within the sub-sector

Insider UK

Vantage Data Centers expands its huge Welsh data centre campus

It has launched the first phase of its second data centre at its Cardiff-based campus

Birmingham Post

Wolseley acquires Glasgow-based Kooltech

Deal will see the company retain its name and sign a 10-year lease at its headquarters

Insider UK

Rumor: Ford Might Drop Battery JV Deal With SK In Turkey

In March, Ford, SK On, and Koç Holding announced an MOU to create a commercial vehicle battery production sites in Turkey. The agreement might not materialize.

InsideEVs

Northvolt v Britishvolt: clarity v confusion in the great electric car battery race

Fast action in global gigafactory race is happening outside UK, as Swedish pacesetter shows

The Guardian - UK

Tevva begins first high-volume production of electric lorries in UK

Startup firm making 7.5 tonne truck at Essex facility after receiving European type approval

The Guardian - UK

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Birmingham Post

Bike parts distributor ZyroFisher secures £25m funding to fuel growth in Europe

The distribution partner to cycling and outdoors brands has received an asset-based lending facility from Manchester's Praetura Commercial Finance

StockNews.com

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….

Birmingham Post

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

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Evening Standard

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

The Guardian - UK

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

InsideEVs

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).

Birmingham Post

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

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

Belfast Live

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

StockNews.com

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…

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