RetailAppointments An independent proxy adviser has warned shareholders at boohoo of the “obvious risks” presented by Frasers Group to the company. Frasers, which owns 27% of boohoo’s shares, is seeking the appointment of its CEO Mike Ashley and Mike Lennon to the company’s board of directors alongside the removal of …
Read More »Work begins on £15.6m facility converting food waste into energy
EnviroTech Work has started on building a £15.6 million anaerobic digestion plant in Dorset which will convert local food waste and other organic material into renewable energy and bio-fertiliser. The project is the largest to be undertaken in the 29-year history of Eco Sustainable Solutions, based at Parley near Christchurch, …
Read More »Manchester fashion tech PLC K3 sells subsidiary for £36m
RetailDeals NexSys, a SYSPRO elite partner in the UK, will become part of SYSPRO’s wider global business, expanding its presence in the UK and Europe K3 Business Technology Group has reached an agreement to sell its NexSys Solutions subsidiary to global ERP software provider SYSPRO for £36 million in cash. …
Read More »Biotangents funding targets £20bn cow problem
Investment Biotangents has raised £2.3 million to revolutionise the dairy farming industry with its on-farm diagnostic device to address disease in cows. Bovine mastitis alone is estimated to cost the global dairy farming industry around £20 billion every year, costing the average UK dairy farm up to £25,000 per annum. …
Read More »Royal Mail partnership to see Italian firm launch circular packaging in UK
RetailEnviroTechInvestment Movopack, a company providing eCommerce platforms with circular and sustainable packaging, has raised £2 million seed funding to launch in the UK via a partnership with Royal Mail. The company’s first expansion outside of Italy aims to help tackle a growing packaging waste crisis, where an estimated 1.7 billion …
Read More »Social housing AI platform raises £1.55m
Investment An artificial intelligence (AI) company that help social landlords manage rent arrears has raised a further £1.55m in investment. Privgo has received the money from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), and Mercia’s EIS funds. …
Read More »Residently secures £4.5m ‘to bring renting into modern age’
PropTechInvestment Residently has secured £4.5 million of funding ‘to bring renting into the modern age’. By digitising the end-to-end customer experience in a $2 trillion market, Residently is aiming to streamline operations for property owners and renters, reducing costs and delays. There are currently over 5m rental homes in the …
Read More »Helios towers hires NED from Royal Mail
Listed telecommunications tower infrastructure company Helios Towers has appointed Sally Ashford to its Board as a Non-Executive Director with immediate effect. Ashford also joins the London-headquartered firm as the designated Non-Executive Director for workforce engagement. The FTSE 250 firm operates an independent telecommunications infrastructure company in Africa, having established one …
Read More »Harrogate tech firm sets sights on further US growth
Spatial analysis and planning solutions company Geoplan is celebrating its 35 year anniversary and a record year of growth. The firm reports a 2019 turnover of £2.3m, up 10.1 per cent on 2018. It predicts 13 per cent growth in 2020, and as a result said it will now extend …
Read More »Smart parcel delivery platform iParcelBox launches
A new platform aims to put an end to the problem of missed deliveries. Smart parcel delivery box iParcelBox is monitored and controlled via a smartphone app. The interface has been specifically designed to be quick and easy for couriers to use, with no app or access code. Couriers simply …
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