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Gaming firm raises £40m in London IPO

Published: November 3, 2025 at 1:44 pm

Winvia Entertainment PLC has floated on the junior AIM market of the London Stock Exchange with a market cap of £205 million.

The company, which operates prize draw brands BOTB and Click Competitions in the UK as well as online gaming in Romania, has raised £40m in the IPO.

The firm – which has expanded rapidly through a combination of organic development and targeted acquisitions – made £7m profit before tax last year with £153m gross revenue.

The proceeds of the placing are planned to be used to fund acquisitions in the UK prize draw sector. It said it is in discussions with several potential acquisition targets.

Which FTSE 100 & 250 companies are seeing their share prices move today?

Published: November 3, 2025 at 12:49 pm

Risers:

Ceres Power Holdings +9.17%

Goodwin +6.91%

Senior +5.72%

Airtel Africa +4.70%

Dunelm Group +3.13%

Fallers:

Anglo-Eastern Plantations -4.29%

Bluefield Solar Income Fund -4.04%

B&M European Value Retail -4.04%

The Renewables Infrastructure Group -3.48%

Frasers Group -3.22%

J.P. Morgan Personal Investing brand launches in the UK

Published: November 3, 2025 at 12:46 pm

The retail wealth management and investment business that previously operated under the Nutmeg brand is now offering its products and services under the J.P. Morgan Personal Investing brand.

In addition to managed investments, pensions, and ISAs, J.P. Morgan Personal Investing will offer a range of new products and services, including digital financial planning tools, dedicated relationship managers and, in 2026, a new DIY investment platform.

In the coming weeks, all J.P. Morgan Personal Investing clients will have access to a new Wealth Planner feature, which gives them a view of their current total wealth, alongside tailored suggestions for how they could move closer to their goals.

Clients will be able to use the digital guidance tool to explore the potential impact on their goals and finances before taking action, so they can customise their strategy to suit them and make decisions with greater confidence.

Cyber deal as Saepio brings Ruptura’s penetration testing skills in-house

Published: November 3, 2025 at 10:25 am

Saepio, a provider of cyber security services and solutions, has acquired offensive security specialist Ruptura.

The deal will enable Saepio to better serve its clients in testing resilience against cyber threats by bringing Ruptura’s penetration testing – known as pen testing – into its suite of services.

The firms say the acquisition is a logical next step for Saepio after a successful partnership in which Ruptura conducted pen tests for its clients to ensure that Saepio’s cyber security recommendations are resilient and robust.

Tom Heenan, Ruptura’s founder and MD, will continue to oversee the high quality of penetration testing and will become Saepio’s director of offensive security.

Optima Health sees half-year revenues rise to £59m

Published: November 3, 2025 at 9:39 am

Optima Health has reported a 17% rise in half-year revenue to £59 million for the six months to the 30th September. 

The growth was supported by new contract wins, strong demand for workplace health services and two strategic acquisitions that have expanded its reach both in the UK and internationally.

The Glasgow-based company provides occupational health, wellbeing and employee assistance services to public and private sector clients, using digital platforms to deliver health assessments, case management and mental wellbeing support at scale. 

In April, it completed the acquisition of Cognate Health in Ireland for up to €9m, marking its first move outside the UK. 

The business has since been rebranded as Optima Health Ireland, allowing the company to serve multinational clients with operations across both countries. 

It also acquired Care first, a provider of Employee Assistance Programmes from the Priory Group, expected to add around £3.7m in annual revenue.

Optima is also mobilising its £210m contract to deliver medical assessment services to the UK Armed Forces and has begun investing in new technology to enhance its platform, improve customer experience and increase operating margins.

London-listed Renalytix reports annual revenue rise of 30%

Published: November 3, 2025 at 9:28 am

AI diagnostics company Renalytix has reported a 30% rise in annual revenues to $3 million for the year ended 30 June 2025, driven by growing adoption of its FDA-approved and Medicare-reimbursed kidneyintelX.dkd test for early-stage chronic kidney disease. 

The London-listed MedTech achieved a 54% reduction in EBITDA losses through tighter cost controls, improved margins and operational efficiencies, while also completing oversubscribed fundraises totalling £18.5m over the past 12 months.

Partnerships with Tempus AI and MVP Health Care have expanded access to kidneyintelX.dkd testing across the US, with over 18,000 patients tested to date. 

With Medicare now reimbursing $931 per test, the business said it expects to strengthen financial resilience and scale national access as it moves into FY2026, targeting new US regions including Arizona, Florida, Texas and New York.

LegalTech startup raises £3.1m ahead of international expansion

Published: November 3, 2025 at 9:24 am

Author: Patrick Killeen

LegalTech TrialView has raised £3.1 million in growth funding led by Elkstone Ventures as it looks to expand internationally and accelerate the development of its AI-powered dispute resolution platform.

The investment marks a major milestone for the Dublin-founded business, which has so far been self-funded and profitable, reaching over £2m in ARR within the last three years. 

The now-London-based company’s technology is already used by 15 of the UK’s top 20 law firms and has featured in some of the world’s most high-profile legal cases, including the $6 billion Russian Aviation litigation and major proceedings in London’s Commercial Court.

TrialView’s platform uses AI to mine documents, streamline workflows and surface critical evidence – helping legal teams, judges and arbitrators manage and present cases more effectively from start to finish.

Six Nations rugby chair takes on same role at ufurnish.com

Published: November 3, 2025 at 9:05 am

Author: Patrick Killeen

Furniture search platform ufurnish.com has appointed former O2 UK and Verizon Consumer Group chief Ronan Dunne as chairman.

The appointment follows what the company described as “meteoric growth” since launching in 2019.

The platform now connects over five million users with more than 2.7m products from 100+ furniture retailers, using AI to help shoppers discover and compare items across the UK market.

Dunne, who is currently non-executive chairman of Six Nations Rugby and KoreLabs, and a non-executive director at Marks & Spencer Group, will succeed outgoing chairman Pat McCann.

Chairman resigns despite narrowing losses at listed AI firm

Published: November 3, 2025 at 9:04 am

Author: Jonathan Symcox

The chair of Cykel AI PLC has resigned despite narrowing losses.

Nicholas Lyth has left the company, which is focused on building AI agents, with immediate effect. Michael Chan will assume the role of chairman on an interim basis pending the appointment of a permanent chair.

The London firm’s products claim to interact with any UI, website or API using natural language commands. Following the launch of autonomous recruitment agent ‘Lucy’, it built a sales agent called ‘Eve’ then a research agent named ‘Samson’.

It reported its first revenue of £4,107 in the six-month period to the end of July, while narrowing losses from £4m to £1.2m.

Brave Bison makes £50m swoop for M+C Saatchi Performance

Published: November 3, 2025 at 8:48 am

Author: Patrick Killeen

Social Chain owner Brave Bison has made a move to buy M+C Saatchi Performance (MCSP) from M+C Saatchi plc in a deal worth £50 million.

The marketing and technology company said the proposal, which is currently non-binding, would combine MCSP with its existing performance marketing division to create one of the largest independent digital media groups outside of the US.

Together, the two businesses would have a strong presence across the UK and Asia-Pacific, with very little overlap between their operations.

Listed firm in £25m swoop for AJ Bell division

Published: November 3, 2025 at 8:33 am

InvestAcc Group has completed the acquisition of a business segment from AJ Bell.

Specialist pension administrator InvestAcc, listed in London, said it has acquired the pension administration client books which formed part of the AJ Bell non-platform business for a maximum consideration of £25m.

An initial cash consideration of £17.5m has been paid and £1m of ordinary shares have been issued to AJ Bell. The deferred consideration, of up to £6.5m, will be payable in the first half of 2026, subject to the achievement of specific client transfer targets.     

DCC plc completes divestment of UK&I tech business for £100m

Published: November 3, 2025 at 8:29 am

Author: Jonathan Symcox

DCC plc has completed the divestment of its UK and Ireland tech business for £100 million.

The Irish sales, marketing and support services conglomerate, founded in 1976 as a venture capital firm and listed in London, is undergoing a restructure announced last year to simplify its business.

Looking to focus on its energy business, earlier this year it sold its healthcare division for £1 billion – and it has now divested its Info Tech business in the UK&I to German-based private equity group Aurelius.

The week’s best-read stories: Hope for Sheffield Wednesday?

Published: October 31, 2025 at 3:21 pm

Author: Jonathan Symcox

This week’s best-read stories include the Dragon aiming to create a Disney-style empire; the wheelchair user who won full backing in the Den last night; and the FinTech entrepreneur heading a fan bid for crisis club Sheffield Wednesday.

As a Barnsley fan (who grew up in Sheffield, counts many friends among its fanbase and is used to jibes about ‘Dingles’ and ‘you’re just a small town in Sheffield’) I can only hope that Wednesday find a responsible owner who will put the fans and club’s staff first.

Daisy CEO leaves after monster merger with Virgin Media O2

Published: October 31, 2025 at 3:10 pm

Author: Jonathan Symcox

The CEO of Daisy Communications has left following the Lancashire firm’s merger with Virgin Media O2, which created a £1.4 billion revenue company.

Dave McGinn joined the Nelson-based firm in 2009 as MD of Daisy Distribution and was named CEO of Daisy Communications in April 2016.

Daisy founder Matthew Riley – who chairs O2 Daisy was included in BusinessCloud’s 2025 Northern Leaders list – paid tribute to ‘crafty Cockney’ McGinn.

 

 

Data centres can’t be Achilles’ heel of £150bn UK–US Tech Prosperity Deal

Published: October 31, 2025 at 12:23 pm

Author: Charlie Parry, chief development officer, UrbanChain

The recent announcement of a £150 billion UK–US ‘Tech Prosperity Deal’ marks a bold step in transatlantic cooperation on AI, digital infrastructure and high-growth industries. But the deal risks overlooking one fundamental fact: technology doesn’t prosper without power.

The UK’s data centres currently consume approximately 2.5% of the national electricity supply, a figure comparable to the power needs of the entire city of Birmingham. 

Projections from parliamentary analysis indicate a potential quadrupling of this electricity usage to over 22 terawatt-hours annually by 2030. Concurrently, the International Energy Agency has issued a warning that AI-driven workloads could account for more than 20% of the additional electricity demand in developed economies by the close of this decade.

Data centres are the backbone of digital growth — but without clean, affordable, and resilient energy, they risk becoming the Achilles’ heel of national competitiveness.

Which FTSE 100 & 250 constituents are seeing their share prices move today?

Published: October 31, 2025 at 12:08 pm

Risers:

Anglo-Eastern Plantations – +6.46%

IP Group – +2.83%

Smith & Nephew – +2.12%

Avon Technologies – +2.11%

Alfa Financial Software – +2.01%

Fallers:

Ceres Power – -4.55%

WPP – -3.77%

Burberry – -3.48%

Auto Trader – -3.41%

Drax Group – -2.81%

Global firms ‘unprepared for UK ID rules despite November deadline’

Published: October 31, 2025 at 10:56 am

Research conducted by global advisory firm Vistra has suggested that over half of global firms with a UK presence are unprepared for Companies House’s new identity verification rules.

The mandatory period begins on 18th November.

The survey of 100 global company directors found that 52% aren’t compliant with identity verification requirements under the Economic Crime and Corporate Transparency Act (ECCTA), while nearly 1 in 3 remain unaware of the legislation altogether.

The findings highlight a significant compliance gap ahead of the UK’s biggest corporate transparency reform in 180 years.

Leeds event ‘to put region on global innovation map’

Published: October 31, 2025 at 10:20 am

West Yorkshire’s reputation as one of the world’s most dynamic regions for health technology innovation will take centre stage this November as a first-of-its-kind conference brings together leading voices from the NHS, government, academia, and industry to shape the future of healthcare. 

The event, ‘Driving the Future of Innovation – West Yorkshire’s HealthTech Cluster’, will be held on Thursday 6th November at Leeds United’s Elland Road stadium.

It will be delivered in partnership with the West Yorkshire HealthTech Cluster, West Yorkshire Combined Authority, Innovate UK’s West Yorkshire Health Technologies Launchpad (hosted by Health Innovation Yorkshire & Humber), and the West Yorkshire ICB’s HIVE Network. 

Solid State wins $10.8m MoD order

Published: October 31, 2025 at 9:59 am

 Solid State plc, a component supplier and manufacturer of computing, power and communications products, says its subsidiary Steatite Ltd has secured an initial order valued at $10.8 million under Project CAIN, a major defence programme, for a UK Government end user.

It says the order represents a significant milestone in Steatite’s ongoing strategy to deliver cutting-edge, mission-critical technologies to the UK’s armed forces and security community.

Under Project CAIN, Steatite will supply a range of secure, ruggedised systems including the MPU5 and Wave Relay Radio Technology from Persistent Systems, supporting advanced operational capabilities in challenging environments.

Delivery of these initial systems is scheduled for the first half of 2026. The project further strengthens Steatite’s position as a trusted supplier to the UK Ministry of Defence and reinforces its reputation for innovation and reliability in the delivery of secure technology solutions.

Half-year revenues up at listed MHA

Published: October 31, 2025 at 9:40 am

MHA, a professional services provider of audit and assurance, tax, accountancy and advisory services, has reported growth in half-year revenues.

The group said it is on track to deliver full-year performance in line with market expectations after estimating revenue for the six months ended 30th September 2025 at approximately £121.3 million, up 13% on H1 25 (£107.2 million).

Of this revenue growth, 3% relates to the acquisition of Baker Tilly South-East Europe Holdings in August 2025, and 1.5% is attributable to the full period income from Baker Tilly Ireland, acquired in July 2024.

MHA completed a successful AIM IPO shortly after the period began in April 2025, raising gross proceeds of £97.8m to be used, amongst other things, to invest in technology, including AI, and support further bolt-on acquisitions to accelerate growth.

In August 2025 it completed the acquisition of BTSEE, a professional services firm offering a comprehensive range of services to clients in Cyprus, Greece and South-East Europe.

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