One of the UK’s most valuable fintechs has cut hundreds of jobs, UKTN understands, after suffering a fall in revenue following the loss of one of its biggest customers. London-based payments processor Checkout.com, whose valuation hit a peak of $40bn in 2022, posted a 13% fall in UK processing transactions in 2023 to $204m, figures ... Read more ›
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The UK tax authority has launched a voluntary disclosure service for firms that have overclaimed research and development (R&D) credits in an effort to cut the billions of pounds lost to faulty claims. With the new service, companies that have claimed too much R&D relief and have not amended their tax returns can submit an ... Read more ›
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Its been 25 years since the tech industry went into meltdown over the Y2k bug. But exactly how serious did the UK think it was going to be? The Y2K bug, otherwise known as the millennium problem, was the widespread fear that computers would struggle to be function once the dates had changed to the ... Read more ›
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With several major elections around the world and persistent economic instability, 2024 can perhaps best be summarised as a year of profound change. This is certainly true in the UK, with Labour’s victory in July putting an end to 14 years of Conservative rule. In the election campaign, Labour repeated their top priority again and ... Read more ›
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As 2024 draws to a close, the tech industry reflects on year of ups, downs and just, so many elections. In a year of global uncertainty, the tech industry has not been without its shakeups, with some firms pulling in megarounds and inspiring hope, while many others still saw the grim approach of administration. Here ... Read more ›
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The London’ Stock Exchange’s AIM market is set to receive one last new member before the end of the year with the listing of AI SaaS firm Pri0r1ty. The listing, which is set to conclude on 30 December, is taking place via a SPAC or special purpose acquisition company called Alteration Earth which announced its ... Read more ›
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Yes, the time has once again come around to pause and reflect on the year that has past. To reminisce about the good, the bad, and the downright silly. So without further ado, UKTN presents to you our top ten tech gaffes of the year. 10. A Fresh approach at Amazon It was hailed as ... Read more ›
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How closely have you followed the biggest news in the UK tech industry this year? Find out with the 2024 edition of UKTN’s end of year quiz. Read more ›
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It’s Christmas day. Saint Nick is putting the final touches on his famous annual list – and checking it twice. In the interest of giving a hand to the Christmas Plc chief executive, UKTN has looked back at the good and bad behaviour across the British tech industry in 2024. So, which figures in UK tech ... Read more ›
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Shares in Mindflair sunk by as much as 10% in early trade on Tuesday after the AI investor raised £490k in a share issue at a discount to its trading price. The AIM-listed business said it raised the capital to help pay off £1.2m in loans that were raised in December 2022. Following the raise, ... Read more ›
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Windward has become the latest tech firm to exit the London Stock Exchange after the maritime AI business was acquired by a fund linked to US investor FTV Capital in a £216m deal. The offer price of 47p per share represents a 47% premium to Windward’s share price as of yesterday and is nearly double ... Read more ›
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A consortium of space tech firms has been approved to launch a UK government-funded regulatory sandbox to test solutions for increasingly valuable in-orbit servicing assembly and manufacturing (ISAM). Astroscale UK, D-Orbit and ClearSpace have jointly received £690,000 from the Department for Science, Innovation and Technology (DSIT) to test missions that help regulators understand the emerging ... Read more ›
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Arborea, a climate tech startup developing carbon-reducing food production, has raised £4.1m in a funding round. Headquartered in London and Portugal, Arborea will use the new funds to launch its first commercial-scale protein production facility based on its Biosolar Leaf system. The company’s Biosolar Leaf technology aims to produce far more protein per square mile ... Read more ›
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Last week the UK’s Payment Systems Regulator (PSR) proposed a price cap on cross-border interchange fees and is seeking comment on the level at which the cap should be set. Given our perspective that legacy card schemes hold a dominant position akin to a duopoly, resulting in high total costs of payments for merchants and ... Read more ›
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This week’s UK tech funding deals include storage software business Stora, Edinburgh health tech spinout Concinnity and more. UKTN tracked £9.3m worth of UK tech investment this week (ending 20 December 2024) in what is often one of the quietest weeks for funding of the year. Here’s your weekly roundup of UK tech startup funding ... Read more ›
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Kasei Digital Assets has seen a near-doubling in the value of its portfolio compared to last year as the crypto investor was boosted by the election of Donald Trump in the US. The small-cap, Aquis-listed firm saw its total assets increased by 90% in 2024, from £1,434,003 in 2023 to £2,737,186, driven by a rise in ... Read more ›
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Oxford Metrics today posted a dip in sales and profits which the sensor and software maker said was “reflecting the trend of extended buying cycles.” The Oxfordshire-based business posted revenues of £41.5m for the year to end September, a fall of just over 6% compared to the previous year, while adjusted pre-tax profits were more ... Read more ›
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Asif Alidina is the co-founder and CEO of Inntelo, a company developing AI solutions to automate the processes of hotel administration and communication. In this week’s Founder in Five Q&A, Alidina discusses recognising what makes you unique and reminding yourself of it, respecting the diversity of your team and a chance encounter with Beyoncé. What advice ... Read more ›
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For many founders, startups can feel like their babies. They spend late nights tending to their needs, sacrifice their social lives for years and do whatever they can to see them grow. But, according to a new study, more and more founders in the UK are building their tech startups alongside building their families, giving ... Read more ›
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The UK’s information watchdog has censured Google after the tech giant appeared to U-turn on its stance on fingerprinting. Fingerprinting involves the collection of pieces of information about a device’s software or hardware, which, when combined, can uniquely identify a particular device and user. In 2019 Google expressed its opposition to the use of fingerprinting: ... Read more ›
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15.05.2026 01:09
Last update: 01:00 EDT.
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