Top Trending Articles of the Week: MyWay, ThinCats, Kainos, and Currys
In the bustling world of British business, several noteworthy events have taken place over the past few weeks. Here's a summary of some of the key developments:
FinTech Lending News
- ThinCats, a renowned FinTech lender, has showcased its strength in the market by providing bespoke funding to established SMEs with a growth-focused approach.
Speaking Engagements
- Hayley Roberts, a notable figure, is set to speak at FUEL Manchester 2025, an event that promises to bring together the brightest minds in the industry.
Corporate Battles
- An investor is attempting to block the liquidation of North East tech firm Zytronic, leading to a boardroom battle. Tom Spain is pushing for an emergency shareholder vote to place himself and a colleague on the board.
Rebranding and Appointments
- Cel AI, a London-based AI firm, has undergone a rebranding. Meanwhile, Dr Umang Patel has joined Scottish HealthTech as non-exec chair, and Franz Fink has taken the position of non-executive chairman at MyWay Digital Health.
Business Performance
- Belfast-based IT provider Kainos plc anticipates revenue to be at the higher end of forecasts, and its share price has rocketed as a result. Similarly, Currys PLC has reported an increase in revenue for the first months of the financial year and launched a £50m buyback, causing its share price to soar.
Cyber Attacks
- Jaguar Land Rover has suffered a severe cyber attack that has disrupted vehicle production and halted UK operations. Cyber experts suggest that the company needs to learn from previous attacks on M&S and Co-op to strengthen its defences.
Mergers and Acquisitions
- DHL Group has cleared the merger with Evri-DHL eCommerce UK, taking a minority stake in the private equity-backed Evri. The merged business is expected to deliver 1 billion parcels and 1 billion business letters annually. Shawbrook Group plc has acquired ThinCats for a reported £180m.
Cryptocurrency Investments
- Cel AI has bolstered its crypto arsenal with a £4.5m investment into 1,377.98 ETH.
New Partnerships and Expansions
- Vicki Weston, a member of KPMG's FinTech and cryptocurrency leadership team, has joined S&W as a partner. Trailblazing tech law firm YPOG has opened its first international office in London.
Appointments and Milestones
- Electronics retailer Currys PLC's share price has rocketed, and trading of shares for Cel AI has resumed following recent events. Dr Umang Patel has joined Scottish HealthTech as non-exec chair, and Franz Fink has taken the position of non-executive chairman at MyWay Digital Health. Belfast-based IT provider Kainos plc has seen its share price rocket after confirming strong sales and expecting revenue to be at the higher end of forecasts. MyWay Digital Health is raising £3m to accelerate AI product development.
