RC Fornax has made its debut on London’s AIM, raising more than £6 million in a share placing. Its stock climbed 4.6% in early trading, giving the engineering consultant specialising in military projects a market value of just over £18 million.
Cordiant Digital Infrastructure’s Speed Fibre is buying BT’s Irish wholesale and enterprise business for €22 million. BT will stay on as a customer under rolling three-year deals once the deal is completed later this year.
Ilika has hit a key milestone in commercialising its Goliath solid-state battery, which could improve EV range and charging times. Working with the UK Battery Industrialisation Centre, it showed the tech can be scaled using existing gigafactory equipment, making it easier to bring to market.
hVIVO has reported positive results from an RSV trial for Japanese pharma giant Shionogi. The study used a human challenge trial, deliberately exposing healthy volunteers to the virus to quickly test the antiviral’s effectiveness.
And Thor Energy has appointed Andrew Hume as its new managing director as it moves into the natural hydrogen sector. The former Shell and TotalEnergies executive will lead the company from Perth, bringing 27 years of experience in energy and renewables.
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