CategoryTechnology

Purplebricks warns over tough market conditions – and CEO says she’s taking ‘decisive action’ to turn business around

By Marta Lopez
In Technology
3 Min Read
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The new CEO at Purplebricks has warned that housing market conditions remain challenging after she said the online estate agent’s annual results were “not good enough” Purplebricks reported pre-tax losses of £34.8m for the year to April 30, against profits of £3.6m the previous year. Helena Marston – who took over as CEO after Vic Darvey stepped down in March – said the figures were “very...

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Cheesecake Energy tech – which stores energy in form of high pressure air and heat – secures £3.5m of funding

By Marta Lopez
In Technology
3 Min Read
C

A tech firm which has developed a low cost way of storing energy in the form of heat and compressed air has secured multi-million pound backing. Nottingham-based Cheesecake Energy (CEL) has raised £3.5 million from UK and Ireland investor BGF, with support from Perivoli Innovations and private investors including former Jaguar chair Sir John Egan. The funds will be used to grow the Cheesecake...

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Rolls-Royce working on $300m US Department of Defense contract to build transportable micro nuclear reactor

By Marta Lopez
In Technology
3 Min Read
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Nuclear engineers at Rolls-Royce have been brought in to work on a $300 million US Department of Defense contract to build a full-scale transportable prototype micro nuclear reactor. The engineering giant is working with aerospace company BWX Technologies, based in Lynchburg, Virginia, on a prototype power generator with the ability to be dismantled and moved about in traditional shipping...

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The Welsh tech firm that measures greenhouse gas emissions boosted with £12m investment

By Marta Lopez
In Technology
4 Min Read
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A Cardiff-based firm which has developed technology that accurately measures greenhouse gas emissions has been boosted with a £12m equity investment round. Photonics tech firm, QLM Technology, which also has operations in Bristol and San Francisco, has also struck a collaboration agreement with US energy sector tech firm Schlumberger – which is the lead investment in the Series A funding round...

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County Durham detection tech specialist Kromek lands £1.7m investment from loan note issue

By Marta Lopez
In Technology
2 Min Read
C

Detection tech creator Kromek has raised £1.7m from new and existing investors through an issue of convertible loan notes. The Sedgefield firm said it would use the sum as additional working capital to counteract any potential supply chain disruption to the delivery of contracts during the year. In a separate announcement earlier this week it told investors of two new orders in the medical...

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York’s AgriSound secures £75k funding to pilot insect listening tech

By Marta Lopez
In Technology
2 Min Read
Y

A innovative firm that uses acoustic technology and environmental sensors to assess the activity of pollinating insects has secured £75,000 funding to trial its technology. York’s AgriSound has won the backing of Tesco and WWF to implement its process with one of the supermarket’s fruit suppliers based in Cambridgeshire. Using its bio-acoustic listening devices called Polly, the firm can detect...

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Recruitment drive at Durham IT consultancy Waterstons triggers further growth

By Marta Lopez
In Technology
2 Min Read
R

North East business and IT consultancy Waterstons is set for more growth after recruiting 65 staff since the start of the year. The firm, which provides technology-based solutions to help global businesses improve their performance, was launched in 1994 in Durham by Sally and Mike Waterston. It now employs 278 people, who work flexibly across its bases in the North East, London, Glasgow and...

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What Is Rent Roll? Why Is It Important?

By Adeline Darrow
In Technology
3 Min Read
W

Rent roll is a list of tenants, or “renters” (the people who are renting), and the rent they pay. It also includes other information about them, like their date of birth and address. Rent roll has been around for a long time, but it’s taken on new importance in recent years as part of the government’s drive to crack down on landlords who don’t provide basic standards of accommodation for their...

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Marks Electricals sales on the up despite tough market

By Marta Lopez
In Technology
2 Min Read
M

Sales of washing machines, tumble dryers and TVs have helped push revenues up at Marks Electricals over the last four months, despite what it describes as a “particularly challenging market back-drop”. The Leicester-based online retailer brought in £27.6 million for the quarter, up almost 14 per cent on the same time last year. At the same time the business grew its share of the white goods...

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ITV, GCHQ, TalkTalk among firms aiming to grow tech talent in North West

By Marta Lopez
In Technology
2 Min Read
I

A coalition of employers including ITV, GCHQ and TalkTalk are working together to showcase tech careers in the region. The consortium of companies, that also includes ANS, Arup, Cloud Co Solutions, , Microsoft, PwC, and the University of Salford, will invite 16-18-year-olds into their offices to explore what a job in technology has to offer. Students are not required to have a background in...

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