Energy technology company Fotech has secured 6.5 million pounds venture funding from Scottish Equity Partners, Energy Ventures and Saudi Arabia-based Shoaibi Group to commercialise its pioneering solutions for the monitoring and surveillance of oil and gas wells and pipelines. Fotech, which is headed by Chief Executive Douglas Gibson, has developed optical fibre-based acoustic monitoring systems with [...]

Quarter two of 2008 has seen a leap in website traffic for Basingstoke Business news with unique visitors up 53.47% on Q1. The continued rise in traffic is the result of a number of initiatives: Increased syndication of news from third party news websites. Increased level of interest coming to us from local businesses. The growth of the business [...]

Shire, the UK’s third-largest drugmaker, with head offices in Basingstoke, has agreed to pay 328 million euros ($520.7 million) for Germany’s Jerini AG to add a treatment for an illness that causes sometimes fatal swelling of tissue.Investors in Jerini will get 6.25 euros for each of their shares, 68 percent more than the Berlin-based company’s [...]

Computer games retailer Game PLC, with head offices in Basingstoke, said a strong market and a raft of hit games releases had helped it beat expectations in the first half of the year. The firm said it was “slightly ahead” of hopes thanks to new titles including Grand Theft Auto IV and Nintendo’s Wii Fit. Other [...]