Ethtry PLC has confirmed receipt of an additional £1.305 million from the outstanding balance of its £3.24m share subscription announced last month.

The company, which very recently changed its name from Igraine PLC, will issue 522m new ordinary shares, which are expected to be admitted to trading on the Access segment of the Aquis Growth Market on Tuesday.

This brings the firm’s total issued share capital to 2.21 billion ordinary shares.

Global data engineering company Innodata reported third-quarter revenue of $62.6 million, up 20% year-over-year, with adjusted EBITDA rising 17% to $16.2m. 

For the first nine months of 2025, the company, which helps major technology firms develop and deploy generative AI solutions through high-quality data, platforms and services, saw revenue reaching $179.3m, a 61% annual increase.

The firm has also promoted Rahul Singhal to president and chief revenue officer and added Daniel H. Callahan and General Richard D. Clarke to its board.

Elon Musk has won approval from Tesla shareholders for a potential $1 trillion pay package.

Musk, who has a vision of transforming the electric vehicle firm into an AI and robotics giant, won more than 75% support for the largest corporate pay package in history.

He must achieve several goals to claim the 12% in stock, equivalent to $1tn.

Sky in talks to buy ITV media business for £1.6bn

Published: November 7, 2025 at 9:15 am

Author: Patrick Killeen

ITV plc has confirmed that it is in preliminary discussions to sell its media and entertainment (M&E) business to Sky for £1.6 billion.

The strategy focuses on building a UK-based streaming giant but excludes ITV’s production arm.

This division covers the company’s existing broadcast channels and operations, which rely heavily on advertising revenue.

Sky, which is owned by US giant Comcast, becomes the latest in a string of businesses to explore an acquisition of ITV.

The news follows Liberty Global’s decision last month to sell roughly half of its long-held 10% stake in the broadcaster.

£2m Leeds incubator to aid region’s booming HealthTech sector

Published: November 7, 2025 at 9:12 am

Author: Patrick Killeen

A new £2 million Health Innovation Leeds Incubator has been launched to accelerate the growth of the region’s booming HealthTech sector.

The initiative has been launched to strengthen Leeds’ position as one of the UK’s leading health innovation hubs.

Unveiled by Leeds City Council leader, Cllr James Lewis, at the West Yorkshire Health Tech Cluster’s Driving the Future of Innovation event, it is funded by the West Yorkshire Healthtech Investment Zone.

It will be led by Nexus at the University of Leeds, in partnership with Leeds Beckett University and Leeds Teaching Hospitals NHS Trust, working closely with Leeds City Council.

The programme is open to businesses of all sizes, with a particular focus on supporting local start-ups and SMEs.

Listed Leeds spinout in danger of going under this month

Published: November 7, 2025 at 9:06 am

Author: Jonathan Symcox

A listed University of Leeds spinout is in danger of going under this month.

Tissue Regenix Group appointed a new leadership team in October following the discovery of errors in previously reported revenues. Trading in its shares on London’s AIM market has also been suspended as it plans to restate its 2024 revenue figures.

After reviewing the company’s finances, Tissue Regenix Group said this morning they had uncovered a “substantial backlog of creditors and very limited cash balances”.

“Accordingly, the company has an urgent need to raise capital by the end of November. Without additional funding the Company will not be able to continue to trade,” it warned.

“The company is in discussion with its major shareholders and has clear indications of support to raise approximately £5m by way of a convertible loan note. Any fundraise will be subject to shareholder approval.”

CyanConnode Holdings plc has entered into a further $5.25 million unsecured convertible loan note agreement with Smart Sustainability Solutions.

CyanConnode designs, develops, and sells narrowband radio frequency mesh and cellular networks which empower the Internet of Things.

Middle Eastern climate technology company Smart Sustainability Solutions is a wholly owned subsidiary of a publicly listed, Abu Dhabi-based global investment group.

The loan note follows two similar agreements with the lender completed earlier this year, which together totalled $15m.

Online property portal Rightmove plc has reaffirmed its 2025 guidance of revenue growth of approximately 9% – within the existing guidance range of 8-10% growth.

It is also introducing guidance for 2026 of 8-10% revenue growth and underlying operating profit growth of 3-5%.

Risers:

Helios Towers – +12.52%

RS Group – +5.61%

Sainsbury’s – +5.10%

Hochschild Mining – +4.55%

OSB Group – +4.28%

Fallers:

Hikma Pharmaceuticals – -13.16%

Smith & Nephew – -11.12%

TBC Bank Group – -10.94%

Ashmore Group – -9.29%

Goodwin – -7.33%

Long-serving ISP Zen Internet has celebrated its 30th anniversary with an event at its Rochdale headquarters, marking three decades of innovation and growth. 

Founded in 1995 by brothers Richard and Daniel Tang with just £5,000 and six dial-up modems, the company has grown into one of the country’s leading internet providers, employing more than 650 people nationwide.

From its beginnings as a two-person start-up to becoming a B Corp-certified business, Zen has remained proudly independent, guided by an ethos of doing business “the right way.” 

To mark the milestone, the business released a “Boomers vs Zoomers” study exploring how Britain’s relationship with the internet has changed over 30 years.

‘Bank is paying attention to political and fiscal backdrop ahead of Budget’

Published: November 6, 2025 at 3:58 pm

Author: Thomas Cantor, co-head of short-term finance, West One Loans

The decision to hold rates, despite inflation tracking at 3.8% and rising uncertainty in the labour market, underlines the cautious approach the Bank of England is now adopting.

Although many expected a cut, the decision to pause indicates that the MPC (Monetary Policy Committee) is paying close attention to divided internal views and the political and fiscal backdrop ahead of the Autumn Budget.

From a specialist lending perspective, it means finance costs remain elevated and confidence may stay subdued until clearer signals emerge on the next move.

‘Bank of England’s decision to hold rates may prove a missed opportunity’

Published: November 6, 2025 at 3:48 pm

Author: Jonathan Samuels, CEO, Octane Capital

The Bank of England’s decision to hold rates may prove a missed opportunity to provide the wider economy with some much-needed stimulus and, with inflation now holding firm for three consecutive months, the case for a modest reduction is becoming increasingly difficult to ignore.

A further cut would not only have helped ease the cost of living burden but could also have encouraged investment and job creation at a time when business confidence remains fragile.

For the property sector, a sustained period of stability is always welcome, but additional support through lower borrowing costs would undoubtedly accelerate market activity and drive growth.

‘The longer the Bank of England delays, the longer the recovery is likely to be’

Published: November 6, 2025 at 3:37 pm

Author: Islay Robinson, CEO, Enness Global

The Bank of England’s decision to hold rates keeps the economy in a holding pattern at a time when renewed momentum is sorely needed. Inflation has now stabilised, yet the cost of capital remains a headwind for businesses and investors alike.

A modest rate cut would have been a welcome catalyst for growth, improving investment appetite and boosting economic confidence.

The longer the Bank of England delays, the longer the recovery is likely to be and, with the case for stimulus growing stronger by the day, the markets will now be looking to the next decision for a clear signal of intent.

One of Northern Ireland’s most successful digital entrepreneurs, Cecil Hetherington, has significantly increased his investment in Belfast-based sports technology company Pitchbooking.

Hetherington is best-known for his involvement with Used Cars NI and PropertyPal, which lead their categories in Northern Ireland despite competing with Rightmove, Zoopla and Autotrader.

He has become Pitchbooking’s largest individual shareholder outside of its founding team Shea O’Hagan, Fearghal Campbell and Chris McCann.

Pitchbooking has quickly become the market-leader in modernising how sports facilities are managed and accessed. Over the past year, it has processed over £25 million in bookings, with its platform powering the operations of organisations including the Irish Football Association, Nottingham Forest & West Ham United Foundations, Soccer 5 USA and multiple UK City Councils.

It serves facilities across football, rugby, cricket, hockey, tennis and fitness.

BDO & former partners fined £6m over false audit evidence

Published: November 6, 2025 at 3:21 pm

Author: Jonathan Symcox

Accountancy firm BDO and two of its former partners have been fined £6 million by regulator the Financial Reporting Council for failing to prevent false audit evidence being admitted over several years.

John Everingham and Kevin Cook admitted misconduct after Amanda Nightingale, a senior manager based in Gatwick, was able to pursue, undetected, a dishonest course of conduct on numerous audits between 2015 and 2019.

This included creating false audit evidence, causing auditor’s reports to be issued without approval from the relevant audit engagement partner, and inserting electronic copies of the audit engagement partners’ signatures in auditor’s reports without their approval.

BT profits drop as thousands laid off

Published: November 6, 2025 at 2:26 pm

Author: Jonathan Symcox

BT has reported a decline in its broadband business and profits – and says it laid off thousands of staff in the last six months.

The telecoms giant is delivering a ‘transformation plan’ which realised £247 million gross annualised cost savings during H1 FY26.

A cumulative total of £1.2 billion savings have been realised in the first 18 months of the £3bn programme.

Bank of England holds interest rates at 4%

Published: November 6, 2025 at 2:04 pm

Author: Jonathan Symcox

The Bank of England has held interest rates at 4% in its final decision before the Autumn Budget.

The Bank’s Monetary Policy Committee was split on the decision, with four voting for a cut, and five voting to hold.

Governor Andrew Bailey’s decision to hold swung the vote that way.

Asked whether he was “unconvinced” by Chancellor Rachel Reeves’s pre-Budget speech, he told a news conference that he was “not passing judgement” and said the Bank bases its decisions on “policies that have been announced”.

The Bank expects inflation will fall to close to 3% early next year, and then decline towards the 2% target after that.

Inflation peaked at more than 11% in 2022 and returned to the 2% target last year. However it has risen again this year.

Interest rates are cut when the Bank wants to convince people to spend, and raised when it wants to control inflation.

The London Stock Exchange Group has announced a strategic partnership with Nasdaq to share private markets intelligence.

Under the agreement, LSEG will license Nasdaq eVestment private markets datasets including Market Lens insights, hedge fund insights and Limited Partner (LP) intelligence. It will also include limited exclusive distribution of Nasdaq’s private market datasets, private fund benchmarks, and deal-level benchmarks.

Nasdaq’s datasets will be integrated into LSEG’s ecosystem, expanding transparency and decision-making capabilities across the private investment landscape.

VIOOH, a global digital out-of-home (DOOH) supply-side advertising platform, has announced a programmatic partnership with RZK Digital, Brazil’s largest digital media operator in urban bus terminals, strengthening the presence of programmatic DOOH across Latin America.

RZK Digital operates an expanding network of over 800 digital screens across 43 urban terminals, set to reach more than 50 locations by the end of the year. The company delivers an average of four billion monthly impressions to more than 75 million verified visitors each month, with audiences measured through an advanced, sensor-based framework that combines computer vision, Wi-Fi analytics, and ad-server play logs.

Street Group, the PropTech company behind Street.co.uk and Spectre, won three awards at this year’s EA Masters 2025, the event recognising excellence across the UK estate agency sector.

The group was named Best Overall Supplier and Best Large Supplier as voted by estate agents, while Street.co.uk – Street Group’s next-generation CRM – was awarded Best Innovation in Estate Agency for its transformative impact on how agents manage, market, and grow their businesses.

The wins follow Spectre taking home Gold for Best in Sector – Instruction Generation Tool, and Street.co.uk winning Best in Sector – CRM Software at the recent ESTAS Awards 2025.

The firm also ranked second on our PropTech 50 this year.