A defence-focused British synthetic intelligence software program firm chaired by a veteran of City boardrooms has raised a considerable spherical of funding to gas its growth.Sky News has learnt that Adarga, which helps the Ministry of Defence and nationwide security-focused purchasers establish threats extra successfully by sifting huge quantities of knowledge, has secured £17m from a syndicate of traders. Sources stated that Adarga, which is chaired by the previous Royal Mail, London Stock Exchange Group and Sage Group chairman Sir Donald Brydon, had notified shareholders concerning the fundraising this week.It was unclear at what valuation the capital had been invested.The spherical is claimed to have been led by Boka Group Holdings, whose founding managing director, John...

Legal & General (L&G), the FTSE 100 asset administration and pensions large, is to shut its modular housebuilding manufacturing facility, in a transfer which is able to put 450 jobs in danger and solid doubts over the way forward for a supposedly pioneering sector.Sky News has learnt the corporate knowledgeable employees at its web site in Selby, Yorkshire, that it intends to cease producing there following years of weak demand. Sources mentioned the COVID-19 pandemic and planning delays had been main components within the incapacity of the unit to ship enough orders to grow to be worthwhile. L&G established the modular housing arm seven years in the past, constructing a manufacturing facility with the capability to assemble 3,000 modular house...