Cybersecurity firm Saepio has acquired Remitech, a cloud-native technology and security consultancy known for its work with FinTech clients.

Borehamwood-based Remitech has expertise in identity, mobile device management (MDM) and workplace technology.

Saepio helps organisations to improve cyber resilience through advisory, professional services, managed services, penetration testing and software resale. It works with lower-enterprise, mid-market and scale-up companies.

 

Glasgow-based biotech Entourage has partnered with Premier League club Nottingham Forest on a 12-week trial to investigate whether blood proteins can flag the risk of injury.

The study is supported by Scottish Enterprise and initially involves the club’s 25-player men’s B-Team squad.

The companies describe it as the first high-frequency plasma proteomic trial of its kind involving a professional club in any sport.

 

Nvidia and its chief executive Jensen Huang are being sued by shareholders after $190 billion was wiped off the value of the company on Monday.

The lawsuit concerns the Chinese spying scandal engulfing the company, according to several media reports.

The complaint, filed in federal court in ​California, claims that Nvidia and Jensen Huang misled shareholders in connection with his alleged ​affair with Alice Huang – no relation – a former executive at ⁠Megaspeed.

 

A Copenhagen-founded ‘AI operating system for accounting work’ has relocated its commercial hub to London after raising $25m in seed funding.

Sumary will use the funding to accelerate its growth across Europe, with Denmark remaining the centre of its technology and AI research.

Co-founders Pascar Sivam and Frederik Skov Wacher are relocating to London. The company’s wider expansion into Europe will begin with Benelux.

 

Vodafone has raised its full-year earnings forecast after cutting 3,000 jobs across Europe.

The telecommunications group recorded savings of €200m (£167m) in its first-half results while it has upgraded its guidance for profit and cash flow for the 2027 financial year.

Sheffield’s ZOO Digital Group has swung back into the black in its latest half-year results.

The AIM-listed company, a tech-enabled localisation and digital media services partner to the global media and entertainment industry, reported revenue of $23.6m against $22.4m a year earlier for the six months ended 30th September 2026.

It reported an operating profit of $1.5m against a loss of $1.2m in the same period last year, while profit before tax was $1.3m, compared with a loss of $1.4m in H1 FY26.

 

Private equity firm Palatine has taken a majority stake in Crowdguard via its Impact Fund.

The Wigan-based firm is a specialist in hostile vehicle mitigation and works to protect people at public events, sports stadia, entertainment venues and city centres across the UK and Ireland.

Crowdguard works with organisers and operators of events in crowded spaces to assess the risks posed by vehicle-borne threats and develop protective security solutions.

 

Lloyds Banking Group has appointed a new group chief risk officer in Javier Rodriguez de Colmenares.

Rodriguez de Colmenares recently started in the position after performing the same role at Santander Corporate & Investment Banking for three years.

Prior to that, he was global head of private debt mobilisation at Santander.

 

British data intelligence company StirlingX has appointed Magnus Grimeland, founder and CEO of investment firm Antler, to its board.

His appointment as board director, global scale & capital comes alongside an oversubscribed $6m second close of its Series A, which takes the round to $25m.

The new funding comes mainly from existing investors GALLOS Technologies and Ventura Capital, alongside individual investors.

StirlingX said the capital will fund continued development of MAYNE, its data analytics product, and LEWES, its connected autonomy product, alongside growth across defence and critical national infrastructure.

Antler, which is based in Singapore, operates across 27 cities worldwide, has backed more than 2,000 startups and holds a portfolio valued at over $3.7bn, according to the company.

A little-known investment firm now thought to be the frontrunner to buy Poundland has sought support from the discount chain’s founder.

Xyra Group Holdings has asked the retailer’s founder Steve Smith to back its bid, City AM reported.

London-based Xyra, founded by 23-year-old Manvedeep Singh, entered the fray last week.

 

IT provider Kainos Group reported revenue up 37% to £268.8 million for the six months ended 30th September 2026, against £196.1m a year earlier.

However its share price fell 12% in one day following the announcement.

Analysts pointed to a potential slowing in revenue growth in H2 after unchanged guidance from the firm, which stated: “Following the strong performance in FY26 and H1 27, we expect further growth in revenue and adjusted profit before tax in the second half of FY27, in line with current market expectations.”

 

Specialist lender Capital on Tap has secured up to £200m of funding from NatWest, supported by an ENABLE Guarantee transaction from the British Business Bank.

The funding will facilitate Capital on Tap’s lending to smaller businesses that need flexible working capital.

Capital on Tap provides flexible working capital via its business credit card, built specifically for small business owners.

 

Lovable has acquired the London-based team behind Radish AI, an agentic infrastructure startup, and is bringing them into its engineering team.

Radish AI’s platform is designed to make building, deploying and scaling complex AI agents fast and reliable, with privacy and security built in.

Lovable said Radish AI did for AI agents what Lovable does for software: made something hard feel simple.

 

S&W has reached an agreement to acquire Shepherd Private Clients, a specialist private client tax advisory firm based in Greater Manchester.

The acquisition brings 15 new staff members to S&W.

S&W, which describes itself as a fast-growing professional services group, said the deal strengthens its tax capabilities in Manchester and supports its growth plans across the North West.

 

Author: Jonathan Symcox

Ian McDonough, the CEO and co-founder of Blackbird plc, has stepped aside.

The company is behind cloud-native video editing platform Blackbird and collaborative video editing and content creation platform elevate.io.

Chief product officer Sumit Rai has taken the reins while McDonough remains an employee and director of the company.

Author: Jonathan Symcox

Ultraleap, the ‘Minority Report’ tech firm once considered the darling of the South West scene, has crashed into administration.

The university spinout raised more than £120 million from high-profile investors to build its haptic mid-air technologies based on Ultrasound.

However it has encountered difficulties in recent years and late last year was taken over by London music tech firm Roli – behind touch-sensitive music devices like the Seaboard and Roli Blocks – with founder Tom Carter joining the latter as CTO as well as its board.

Roli founder Roland Lamb wrote at the time that the deal was a “dream come true” – he had known Carter for a decade – but this year was reportedly ousted from Roli and the firm has now entered administration. Lamb has not posted on LinkedIn for 11 months.

He is now listed as the founder of Instrumental Intelligence, which is thought to be attempting to buy the assets of Roli. Customers of the firm have taken to social media to say they haven’t received refunds for faulty products – or even the products themselves.

Author: Jonathan Symcox

Tech stocks around the world are falling following the success of the Democratic Party in the US midterm elections – and the UK is not immune.

With many Democratic candidates opposing the data centres which underpin AI, there are fears of a slowdown in the development of the technology due to tougher regulation after the party took firm control of the Senate and House of Representatives.

The subsequent sell-off saw trillions of dollars wiped off the value of major tech stocks, with the Nasdaq – home to some of the world’s largest tech firms – sinking 5.5% on Thursday. 

The trend extended overnight to the Asian markets, while those in Europe opened lower on Friday.

The London Stock Exchange’s FTSE 100 index is 2% down today despite being relatively light on tech and AI companies compared with the Nasdaq, Japan and South Korea.

 

Isomorphic Labs, an AI-first drug design and development company founded by DeepMind founder Sir Demis Hassabis, is reportedly raising $5 billion (£3.75bn) in fresh funding.

Isomorphic raised £1.6bn in Series B funding just this summer, following a $600m round completed in March.

It could be valued at $50bn (£37bn) by the fundraise if it completes on currently expected terms, according to Bloomberg. 

Sir Demis expects the company’s first clinical trials to start before the end of the year.

The crisis at Poundland could trigger a domino effect across Britain’s high streets, an insolvency expert has warned.

The stricken discount retailer could enter administration within days after owner Gordon Brothers rejected a rescue bid from its management team, backed by Ireland-based Martin Property Group, which would have saved its nearly 12,000 staff and potentially also a wider supplier base of 18,000 people.

Some of those suppliers exist solely to support Poundland’s operations – meaning they would immediately go to the wall – while others depend on the retailer for the majority of their business.

Insolvency expert Molly Monks, of Parker Walsh, said: “Poundland’s crisis is a stark reminder that the consequences of a major retailer’s financial difficulties extend far beyond its own shop doors.”

Nasdaq-listed US giant NetApp has completed its acquisition of Manchester AI firm PEAK AIO.

PEAK AIO was founded in Manchester by Mark Klarzynski and was designed to address some of the industry’s most demanding data-intensive computing challenges. 

The company’s core innovation, a next-generation metadata architecture and high-performance parallel file system, was developed to solve one of the defining infrastructure challenges of the AI era: enabling shared storage to scale alongside the GPU clusters that power modern AI workloads.