Page 11 - Mostread Technology News Today

Big Technologies responded to fresh press speculation on Monday, as it grappled with a legal battle in response to claims made by former shareholders of Buddi.

Walk-through security technology specialist Thruvision reported strong order flow in a trading update on Friday, across a number of geographic markets with both new and existing customers.

Digital learning and talent management specialist Learning Technologies Group said in an update on Friday that it anticipated group revenues from continuing operations for the year would be at least £560m, consistent with consensus expectations for the year.

Primorus shares surged on Friday, after professional software giant Autodesk announced its intention to acquire its investee Payapps.

Analysts at Berenberg kept their recommendation for shares of engineer Rolls Royce at 'sell' following its analysis of current positioning in the company's shares among long-only and hedge fund investors.

Kettle safety and water technology company Strix Group said in a full-year trading update on Thursday that, despite facing persistent challenges stemming from the global economic and geopolitical landscape, it recorded adjusted profit after tax of £20.6m on a constant currency basis, and £20.1m on a reported basis for the full year.

Microsoft is set to reduce its workforce in the gaming division by approximately 1,900 employees, it emerged on Thursday, according to an internal company memo reported by CNBC.

Shares in Ceres Power were sliding on Wednesday, after it announced the failure of joint venture talks in China in 2023 in a trading update, as well as delays to expected royalties from its fuel cell systems.

Transport testing, simulation and measurement specialist AB Dynamics reported record-breaking results for 2023 on Wednesday, with revenue reaching £100.8m, representing a 21% increase.

Cloud, network, and security managed communications provider Maintel said in a full-year update on Monday that its strategic efforts and business reorganisation had yielded positive results, positioning it for growth in the coming year.