Data centre planning applications rocketed more than 60 per cent in 2025 Tech Data centre planning applications hit an all-time high in the UK in 2025, CityAM can reveal, as investors rushed to gain a foothold in the burgeoning AI market. More than 60 separate planning applications for the construction of new data centres were filed in England and Wales over the course of the year, according [...]
Exclusive: Google makes fresh $1bn cash injection into UK data centre subsidiary Tech Google has poured $1bn into its UK data centre subsidiary, CityAM can reveal, in the clearest sign yet that the tech giant is eyeing major expansion of its compute power in Britain. The £775m cash injection was this week filed to Companies House for the same company which controls Google’s Waltham Cross data centre, [...]
Microsoft offers ‘pay-as-you-go’ software concession to cloud rivals after bowing to pressure Tech Microsoft will allow its cloud rivals to offer ‘pay-as-you-go’ software to their customers after bowing to pressure over its licensing practices. The US tech giant attracted criticism for the way it offered exclusive software deals to customers of its Azure cloud platform, which rivals said made it difficult for them to compete. But in a [...]
Sage boosts profit and margins as AI tools drive growth May 15, 2025 Accounting software giant Sage has posted a strong set of half year results, powered by rising demand for cloud services and adoption of its AI tools. The firm’s operating profit went up 16 per cent to £288m, whilst revenue saw a nine per cent uptick to £1.24bn, Sage told the market on Thursday. Sage said [...]
Google maintains search dominance thanks to ads, AI and cloud April 25, 2025 Google’s parent company, Alphabet, reported a blockbuster earnings report on Thursday evening, driven by surging profits and rapid advancements in AI and cloud computing. The Magnificent Seven tech behemoth posted revenue of $90.2bn, a 12 per cent increase year over year. Meanwhile, net income surged 46 per cent to $34.5bn, far exceeding Wall Street expectations. [...]
Amazon shares plunge after tech giant misses earnings February 7, 2025 Amazon missed expectations for its cloud computing arm, raising concerns about the tech leader’s investment in artificial intelligence (AI). On Thursday, the tech behemoth told the market that its cloud division, Amazon Web Services, reported a fourth-quarter revenue of $28.7bn (£23.1bn), slightly below Wall Street forecasts of $28.84bn. The miss disappointed investors, who were already [...]
Sage: Profit booms sends FTSE 100 tech shares flying November 20, 2024 Enterprise technology firm Sage has reported a boom in revenue and profit as the UK tech champion has capitalised on artificial intelligence. Underlying operating profit at the Newcastle-based firm rose 21 per cent over the last year to £529m. Its operating profit margin grew 220 basis points to 22.7 per cent. Meanwhile, Sage’s annualised recurring [...]
Beeks: Financial cloud firm swings to profit amid ‘stronger than ever’ demand October 7, 2024 Scottish financial cloud computing firm Beeks has swung to an annual profit as it reported "stronger than ever" demand for its products.
Proposals submitted for huge £3.75bn data centre in Hertfordshire September 12, 2024 Technology Secretary Peter Kyle has hailed a proposed £3.75bn investment in a colossal new data centre in Hertfordshire. A planning application for what would amount to one of Europe’s largest data centre campuses, at 85 acres and taking up 2m square feet of floor space, has been submitted via a new company DC01UK. Construction will [...]
Amazon Web Services plots £8bn investment in UK data centres September 11, 2024 Amazon Web Services (AWS) is planning to invest £8bn to build, maintain and operate a number of data centres in the UK over the next five years. The tech giant’s cloud division estimates the cash injection will contribute £14bn to the UK’s total gross domestic product (GDP) through to 2028, and will support an average [...]