Top Stories of the Week: MyWay, ThinCats, Kainos, and Currys Highlights
In the world of business, there's been a flurry of activity over the past few weeks. Here's a summary of some key developments:
- Appointments: S&W has announced the appointment of Vicki Weston as a partner. Weston, who previously was part of KPMG's FinTech and cryptocurrency leadership team, brings a wealth of experience to her new role.
- Upcoming Speakers: Hayley Roberts, CEO of Distology, and Gavin Wheeldon, CEO of Purple, are set to speak at FUEL Manchester 2025. The event's breakfast panel will also include Gary Fenemore from S&W tax director, making for an insightful discussion.
- Expansion Plans: YPOG, a trailblazing tech law firm, is looking to expand its client roster by opening a new office in King's Cross. The firm has already advised on over 100 deals in the last 12 months.
- Financial Reports: Currys PLC has reported an increase in revenue for the first months of the financial year and has launched a £50m buyback. This has led to a significant rise in the share price of the company.
- Revenue Forecasts: Belfast-based IT provider Kainos plc expects revenue to be at the higher end of forecasts, causing a spike in its share price.
- Mergers and Acquisitions: The regulator has cleared the merger between Evri and DHL eCommerce UK. DHL Group will take a minority stake in the merged business, which is expected to deliver 1bn parcels and 1bn business letters annually.
- Cyber Attacks: A cyber attack on Jaguar Land Rover has halted UK operations, severely disrupting vehicle production. Cyber experts suggest that the company should learn from previous attacks on M&S and Co-op to strengthen its cybersecurity measures.
- Rebranding and Investments: Cel AI has rebranded and bolstered its crypto arsenal with a £4.5m investment into 1,377.98 ETH. Trading of Cel AI's shares has resumed following the rebrand.
- Boardroom Battle: An investor is seeking to block the liquidation of North East tech firm Zytronic, leading to a boardroom battle. Tom Spain, the largest shareholder of the company, is opposing the liquidation plan by proposing an alternative strategy and seeking board positions.
- Funding for AI Development: MyWay Digital Health is raising £3m to accelerate AI product development.
- Acquisition: Shawbrook Group plc has acquired FinTech lender ThinCats for a reported £180m. ThinCats specializes in providing bespoke funding to established, growth-focused SMEs.
- Registration: Registration for FUEL Manchester 2025 is available for those interested in attending the event.
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