businessbite
Live

Bite-size news and insight from UK business and tech – including funding, deals and appointments

North East tech leaders call for closer collaboration on public procurement

Published: August 26, 2026 at 1:37 pm

North East technology leaders are calling for closer engagement with public sector commissioners and greater opportunities to test new technologies, following discussions about how procurement can better support regional businesses, innovation and social value.

The findings are published in Dynamo North East’s new Reimagining Procurement and Social Value report, which brings together feedback from a Leadership Forum involving stakeholders from across the region’s technology, public, private and voluntary sectors.

The report sets out three recommendations:

• Strengthen engagement between commissioners and the regional technology sector

• Support the testing and adoption of technology-led innovation

• Strengthen the evidence base for procurement and social value

Greater Manchester’s Skills Development Service extended

Published: August 26, 2026 at 1:15 pm

Businesses across Greater Manchester will continue to benefit from tailored workforce development support after the Employer Engagement for Essential Work Skills (EEEWS) contract was extended until June 2027.

The extension will enable GM Business Growth Hub to continue delivering the programme beyond its initial term, helping more employers identify skills gaps, access training opportunities and invest in workforce development. The programme forms part of GM Business Growth Hub’s wider commitment to supporting business growth through skills development and workforce resilience.

Delivered by GM Business Growth Hub, the programme helps employers and individuals access training that supports productivity, career development and long-term economic growth. A team of specialist Skills Development Specialists work closely with employers to understand workforce challenges, identify opportunities for development and connect businesses with suitable training providers.

Since launching in late 2024, the programme has supported hundreds of businesses and individuals across Greater Manchester. A total of 605 organisations have recommended training and skills development opportunities, with 95% of organisations progressing into training. More than 3,900 individuals have been referred to training providers, with over 1,000 people already starting training courses.

BDO expands IT apprenticeship programme

Published: August 26, 2026 at 11:39 am

Accountancy and business advisory firm BDO is marking the third year of its IT apprenticeship programme with the recruitment of three new apprentices in Liverpool.

The apprenticeship, carried out in partnership with LeepTalent, was first rolled out in 2023 and gives candidates the opportunity to take part in an 18-month long programme, gaining a Level-3 IT qualification at the end. Once qualified, the majority of apprentices have gone on to join the firm’s IT team in a permanent position.

The roles are based across the firm’s Liverpool and London offices, alongside BDO’s 500-strong IT team which has more than doubled since 2020. They join more than 600 graduates, apprentices and industrial placement students who have started their careers at BDO in the last 12 months.

BDO is now one of Liverpool’s largest employers with more than 450 people split across its two city centre offices, including 25 in its IT department.

Next month it will welcome more than 20 additional trainees a mixture of apprentices, graduates and industrial placement students.

Manchester firm launches with £1m turnover target

Published: August 26, 2026 at 11:00 am

A Manchester company is betting that Britain’s growing SMEs are ready to outsource their entire back office as it sets its sights on £1 million turnover within 12 months.

Aurelian has launched with a new whole-business outsourcing model covering HR, finance, compliance, technology, marketing and operations, targeting companies which are growing but do not want to build a separate team for every function.

The company is seeking to tap into what it sees as a growing problem for businesses around the cost and complexity of building the infrastructure needed to support growth.

Aurelian estimates that a single SME attempting to replicate its full range of services through an equivalent in-house team could face around £300,000 a year in salaries alone, before taking into account employer National Insurance, pensions, recruitment, software, office costs and other employment overheads.

Applied Nutrition beats forecasts as it eyes £1bn milestone

Published: August 26, 2026 at 8:29 am

Author: Jonathan Symcox

Applied Nutrition plc has beaten forecasts with its latest full-year results as its meteoric rise continues.

The Liverpool-based sports nutrition, health and wellness brand expects FY26 adjusted EBITDA to be ahead of consensus market expectations, increasing by 40% year-on-year to approximately £43.3 million (FY25: £30.9m).

Revenue is ahead of market expectations, having increased 50% year-on-year to £160m (FY25: £107m).

The results exclude the trade and assets of Nutrablend, which were acquired in June.

The group now expects total adjusted EBITDA for FY27 to grow year-on-year to approximately £49m (+13% year-on-year) and revenue to increase to approximately £205m, both ahead of current consensus market expectations.

Trading in its shares jumped 8% in early trading, giving Applied Nutrition a market cap of £868m.

Pri0r1ty Intelligence replaces CFO

Published: August 26, 2026 at 7:35 am

Author: Jonathan Symcox

Pri0r1ty Intelligence Group PLC, an AI-focused business delivering growth solutions to SMEs, has appointed Graham Duncan to the board of directors and as interim CFO.

He replaces Daniel Maling, who will transition to a non-executive director role.

Formerly a cash shell company known as Alteration Earth plc, it completed the reverse acquisition of Pri0r1ty AI in December 2024 and changed its name and focus.

In July 2025 it acquired Halfspace, a specialist data-led marketing and technology business serving the sports and entertainment sectors.

€1bn AshGrove backs Voly swoop for Oceanskies

Published: August 25, 2026 at 3:09 pm

Author: Jonathan Symcox

Investment firm AshGrove has completed a senior secured financing in yachting tech platform Voly as the latter makes its fourth acquisition since its private equity takeover.

€1 billion AshGrove specialises in bespoke capital and financing solutions for B2B software and services businesses.

Voly, which provides software and services used to manage the financial and operational requirements of yachts and other high-value assets, was acquired by Magenta Partners in 2021.

AshGrove’s financing is supporting Voly’s investment in Oceanskies, a major provider of maritime employment and yacht registration services, extending the group’s strength in yacht crew employment, payroll, HR, compliance and registration services.

Wegovy pill sparks online pharmacy’s £100m ambition

Published: August 25, 2026 at 2:36 pm

Independent online pharmacy The Family Chemist has announced rapid growth, with turnover expected to reach £50 million this year – and ambitions to double that to £100m next year.

The business attributes its rapid growth – having outgrown four sites since launching its weight-management service and currently looking for another – largely to soaring demand for GLP1-s and the expanding role pharmacies are playing in weight management.

Clinical director Sunny Dhain claims the soaring demand of GLP-1 weight-loss treatments is changing far more than the way obesity is treated. Instead, it is fundamentally reshaping the role of pharmacists and the services they provide.

Shares in FTSE 100 firm Melrose take off after criminal charge decision

Published: August 25, 2026 at 2:21 pm

Author: Jonathan Symcox

Shares in FTSE 100 firm Melrose Industries have risen 10% today after it escaped criminal charges linked to a chemical incident in May.

The Birmingham-headquartered aerospace firm, which is listed in London, bought parts supplier GKN in 2018.

This summer, GKN’s Garden Grove site in California was evacuated after a ‘thermal issue’ was discovered in one of three tanks containing methyl methacrylate, a chemical used to manufacture high-strength aeroplane cabin windows. Once that was lifted, a restricted zone was kept in place around the facility.

Despite reports estimating that the incident affected more than 50,000 nearby residents, investigations by the Orange County District Attorney’s Office found no injuries, leaks or contamination resulting from the incident.  It has said that no criminal charges will be filed.

The firm is set to launch a $100m compensation scheme – remaining open into 2027 – which will “reimburse [residents and businesses] eligible for costs associated with the evacuation, including hotel stays, meals, transportation, loss of wages, and loss of use”.

Danone’s €1bn swoop for Huel green-lit by CMA

Published: August 25, 2026 at 1:53 pm

Author: Jonathan Symcox

The acquisition of sports nutrition brand Huel by food giant Danone in a deal worth €1 billion has been cleared by UK competition regulators.

The deal was originally announced in March but last month the Competition and Markets Authority launched a merger inquiry which could have potentially scuppered it.

In the UK, the two businesses overlap in the supply of ready-to-drink meal replacement products to grocery retailers – Danone through its Alpro Meal-to-Go (M2G) meal replacement offering and Huel through its RTD ‘complete nutrition’ products.

The CMA found evidence that two businesses had monitored one another’s products and competed directly for customers.

However, it continued: “Taken together, the evidence indicates that whilst the merged entity will have a strong position in RTD meal replacement products and that the parties pose a degree of competitive constraint on each other, sufficient competitive alternatives will remain to constrain the merged entity.

“On this basis, the CMA has found that the merger would not give rise to a realistic prospect of a substantial lessening of  competition… in the supply of RTD meal replacement products to grocery retailers in the UK.”

 

 

Balderton backs Itoflow’s AI agents for investment firms

Published: August 25, 2026 at 11:00 am

Itoflow, an AI platform helping professional investment teams scale research and portfolio management, has raised $2.5 million in pre-seed funding led by Balderton Capital and including angel investors such as Cleo founder Barney Hussey-Yeo.

Founded this year, Itoflow is building AI agents that learn how each investment firm researches opportunities, manages risk and reviews portfolios. The platform does not impose a particular investment philosophy: it turns each team’s own approach into governed workflows that can operate continuously across global markets and asset classes, including equities, bonds, ETFs, commodities and digital assets.

Built from the ground up, its agentic infrastructure gives Itoflow greater control over the security and reliability of agents designed to operate for months or years as markets change.

Co-founder and CEO Aditya Jha spent nine years as a quantitative researcher at JPMorgan, RBC and most recently Tower Research Capital. The wider founding team previously built large-scale infrastructure at Apple, Google and Microsoft and also brings quantitative research experience from JPMorgan.

Former government AI leader joins Public Digital

Published: August 25, 2026 at 10:40 am

Public Digital, a global digital transformation consultancy, has appointed Alex Jones as senior director in its global impact team, strengthening its senior expertise in AI and technology-led transformation.

Jones joins PD after more than 20 years leading digital, data and technology work across the UK government and internationally through roles in global development.

Most recently, he served as interim director of the Government’s AI incubator, i.AI, leading the development of AI applications for public services and building partnerships with Google DeepMind, OpenAI and Anthropic.

He previously served as executive director for insights, research and AI at Ofsted, head of emerging futures and technology at the Foreign, Commonwealth & Development Office, and as head of evidence and transformation at No.10, where he advised the Prime Minister and Cabinet and founded 10DS, its first data science team.

Clarus Networks appoints Stuart Castell as CRO

Published: August 25, 2026 at 9:55 am

Clarus Networks Group has appointed Stuart Castell as chief revenue officer as the business accelerates its global growth strategy and strengthens its position in enterprise connectivity and low Earth orbit technology.

Castell returned to Clarus earlier this year as commercial director, having previously worked with the business and built much of his career in satellite communications and technology. He has held several C-suite positions and has also founded, owned and operated his own successful satellite communications business.

Caudwell & Rose urge Burnham to reverse entrepreneur ‘tax creep’

Published: August 25, 2026 at 9:22 am

Phones 4u founder John Caudwell and former Marks & Spencer boss Lord Stuart Rose have joined over 150 business leaders & parliamentarians calling on ministers to ‘stop the creep of taxes on Britain’s businesses’.

The two men are the most prominent of a wave of influential backers of founder group Helm’s Stop the Creep campaign, alongside Christos Angelides, CEO of fashion retailer Reiss, and Charlie Mullins, who founded Pimlico Plumbers.

In an open letter they say they want the Government to make the Autumn Budget on 28th October the moment it delivers on its pro-growth promises.

 

Board Intelligence appoints CTO from Investec

Published: August 25, 2026 at 8:44 am

Board Intelligence, the board technology and advisory firm, has appointed Christopher Tacey-Green as its first chief technology officer.

He joins from international bank and wealth manager Investec, where he was head of engineering.

A former founder who has built and scaled technology from the ground up, Tacey-Green combines deep expertise in AI, cloud, and machine learning with over ten years’ experience leading high-performance development teams.

Board Intelligence recently expanded into AI-powered legal technology with the acquisition of Juristic in July 2026 and the promotion of Anders Gröndahl to senior vice president, AI transformation & performance.

‘Tech Town’ residents to get practical AI training

Published: August 25, 2026 at 8:40 am

Two new schemes are to launch in Barnsley to help residents use AI in simple, practical ways – from applying for jobs and preparing for interviews, to training for roles where digital and AI tools are becoming part of day-to-day work.

AI Career Launchpad will offer flexible training and paid work placements with employers, while the Getting Job Ready with AI pilot will support jobseekers.

This comes six months after Barnsley became the UK’s first government-designated Tech Town.

Two executives hired at Oxford Nanopore

Published: August 25, 2026 at 8:31 am

Oxford Nanopore Technologies plc has appointed a new chief development and product officer.

The nanopore-based molecular sensing firm said David Miller will join at the start of next month while Conor McKechnie will join as chief marketing and communications officer on 1st October.

Miller joins Oxford Nanopore from Pacific Biosciences, where he served as head of research & development and vice president, global marketing. Prior to that, he held senior product leadership roles at Illumina, including responsibility for major platform launches.  

McKechnie joins from Cytiva, where he has served as group vice president, marketing. He previously held senior marketing, communications and public affairs roles at GE Healthcare.

Madrid swoop for Manchester’s Skyrise sees founders exit

Published: August 25, 2026 at 8:15 am

Author: Jonathan Symcox

A Madrid tech firm has acquired Manchester-headquartered Skyrise.

Taptap Digital says Skyrise complements its AI-powered location intelligence platform with one of the UK’s most advanced privacy-first audience design capabilities.

The combined offering enables advertisers to identify, activate, and measure audiences more effectively without relying on cookies or personal identifiers, delivering deeper insights and stronger business outcomes.

Skyrise will operate under its own brand as part of Taptap Digital. CEO Paul Barnard, who has led the business since 2023, will remain in his role alongside the existing management team. 

The acquisition will see Skyrise founders Ian Vint, Michelle Vint and Alex Petrie exit the business.

2026 Leeds Digital Festival programme revealed

Published: August 25, 2026 at 7:00 am

Leeds Digital Festival has unveiled plans for its 11th edition, placing the event at the heart of economic and commercial expansion across the city region’s thriving technology sector.

The organisers are preparing to deliver the most varied schedule in the festival’s history, bringing together domestic businesses, international tech firms and investors to build on the area’s reputation as a primary engine for northern innovation.

A new study by The Data City shows the sector’s growth is also outpacing the national picture when compared with any other local authority outside London. Leeds tech companies are expanding at an estimated 8.3% a year, compared with a UK average of 8.1%, while almost one in eight (13%) are classified as high-growth, posting annual growth rates above 20%. 

Altogether, the Leeds tech sector is estimated to contribute £1.67 billion in gross value added, at a scale and pace of growth that the city’s digital community will put centre stage at Leeds Digital Festival.

Taking place from 21st September to 2nd October, the UK’s largest open-platform tech event will bring together thousands of entrepreneurs, tech leaders, software developers and global investors. The 2026 programme aims to eclipse previous attendance records and build on a decade of growth that has established Leeds as one of the premier technology hubs outside London.

This year marks a significant transition for the festival leadership team, with Deb Hetherington taking charge for the first time as director, succeeding long-serving founder Stuart Clarke MBE, who is now chair.

Ukrainian founders raise £2m for AI startup

Published: August 24, 2026 at 4:05 pm

Embedd, a startup building infrastructure for physical AI, has raised £2 million in pre-seed funding led by Seedcamp. 

It is already working with multiple semiconductor firms, most recently partnering with Microchip Technology. 

From cars to medical devices, nearly $19 billion has been invested in robotics and physical AI so far this year. Yet every intelligent machine encounters the same bottleneck before it can operate – the software running underneath it must communicate reliably with dozens of different chips, none of which share a common language.

Embedd automates that layer. Instead of engineers reading thousands of pages of documentation and hand-writing the code, Embedd creates a digital twin of the hardware, giving its AI agents the context to run the integration, and generates the code that makes each chip usable by the software above it.

The London-based deep tech company says it has enabled customers to deliver production-ready software for chips up to six times faster.

Embedd was founded by Ukrainian tech entrepreneurs Michael Lazarenko, Maxim Gorinov and Valentin Gololobov after their previous hardware company was hit by chip shortages during Covid and later disrupted by Russia’s invasion of Ukraine. 

Forced to repeatedly rewrite software for newly sourced components, the founders recognised a bottleneck they believed would only worsen as AI moved into the physical world.

Have Your Say

    Subscribe to our newsletter

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.