OpenAI halts Stargate UK project citing energy and regulatory concerns
OpenAI has paused its Stargate UK data centre project, citing energy costs and the regulatory environment as the primary reasons. The announcement will be a blow to the UK government that positioned the project as a centrepiece of its AI ambitions when it was unveiled last September. At the time we raised the issue of […]
*NEW RESEARCH* Iomart: Quiet progression
Iomart is a Glasgow-headquartered managed cloud provider undergoing a very public transition – one that privately-owned or PE-backed competitors get to manage out of sight. Legacy churn, a revenue mix shift, VMware disruption, and leadership change have all played out under the full scrutiny of the public markets. However, beneath the surface, the business has […]
Coforge bets on subscription-priced human-agent teams
Fast-growing Coforge (see here) has launched “Mod Squads”, a commercial delivery model that bundles pre-built AI agents with senior human specialists into a fixed monthly subscription. The pitch is simple. Enterprises select from a catalogue of 130+ industry and engineering agents and pair them with Coforge’s oversight engineers. They pay a predictable fee sized by […]
TCS ends FY26 with improving momentum as annual decline masks stronger H2
IT services giant TCS has closed its 2026 financial year with a degree of cautious optimism, reporting full-year revenue of just over $30bn, a decline of -0.5% in reported terms and -2.4% in constant currency. Taken in isolation, that is a disappointing headline, but it obscures the fact that the firm delivered three consecutive quarters […]
Coming soon: An evening with TechMarketView 26
The clock is ticking: IT & BP Services providers must reinvent or risk irrelevance
We will soon publish our Market Readiness Index 2026 – IT & BP Services: Examining a model in flux report. It will examine the progress being made by the Top 10 UK IT & BP Services providers in building businesses that are fit for purpose in the agentic era. The IT & BP Services industry […]
*UKHotViewsExtra* Redcentric charts organic path as MSP
In October 2025, Redcentric agreed to sell its data centre operations for up to £127m, effectively unwinding the capital-heavy expansion strategy of the previous four years. The disposal simplifies the group, materially strengthens the balance sheet and re-establishes Redcentric as a pure-play Managed Services Provider (MSP). With the sale of the data centre operations underway, […]
Finastra teams up with Marketnode to automate credit agreement onboarding
UK-based banking tech vendor Finastra has announced a partnership with Singapore-based Marketnode to automate credit agreement onboarding within its Loan IQ platform. The integration uses Marketnode’s Smartflow technology, combining LLM, OCR, and Machine Learning capabilities, to extract and map data from complex credit documentation directly into Loan IQ via a Nexus Build API layer. The operational headlines […]
[SPONSORED] 2 weeks to go until the Richmond IT Directors’ Forum
Lloyds and IBM test quantum computing for fraud detection
Lloyds Banking Group has completed what it claims is the first experiment into quantum computing as a tool for identifying money mule networks (interconnected groups of people or bank accounts used by criminals to launder money from fraud), working alongside IBM over a nine-month programme The result is a proof-of-concept rather than a production capability, […]