An Australian property company backed by billionaire Rupert Murdoch has raised the stakes in its takeover plans for Rightmove, submitting a third bid after the company’s shareholders rejected two previous offers. Melbourne-based REA, which is majority-owned by Murdoch’s News Corp Australia, on Monday unveiled the fresh bid of 341 pence in cash per share plus ... Read more ›
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Shares in Alphawave IP plummeted by as much as a third in the opening minutes of trade in London after the semiconductor IP business posted a more than halving in revenues and cut its guidance for the rest of the year. The Leeds-based business posted sales of $91m in the first six months of the ... Read more ›
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Oxford Metrics has slashed its guidance for the rest of the financial year as the smart sensing and software company warned on the ‘greater caution’ it was seeing among customers. The Yarnton-based business warned its full-year pre-tax profits would come in “materially below” current market expectations of £7.8m, while it cut back expected revenues of ... Read more ›
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The UK has long been fertile ground for startups, offering a home to new ideas and cutting-edge solutions. The tech sector adds an enormous £150bn to the economy each year, employs more than 1.7m people, and while London leads the charge, cities like Birmingham, Bristol and Manchester have each become vibrant tech hubs in their own right. ... Read more ›
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This week’s UK tech funding deals include challenger credit card fintech Yonder, carbon reporting platform Zevero, surgical solutions group Alesi and more. UKTN tracked £53.1m worth of UK tech investment this week (16 September to 20 September), a 50% week-on-week decrease across five funding rounds. Here’s your weekly roundup of UK tech startup funding deals. ... Read more ›
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The use of AI to create “hyper-personalised” insurance plans risks leaving consumers “uninsurable” and could increase “discrimination”, warned the chief UK financial watchdog. Speaking at the StepChange Connected conference in Leeds, Financial Conduct Authority (FCA) chief executive Nikhil Rathi discussed the incorporation of AI technologies in financial services. “We want safe and responsible use of ... Read more ›
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Aran Brown is the co-founder and CEO of Navro, a startup that provides international businesses with payments infrastructure through its API. Navro launched in 2022 and this year raised $14m (£10.5m) in a funding round featuring Bain Capital, Motive Partners and Unusual Ventures. In this week’s Founder in Five Q&A, Brown discusses strategic hires, promoting ... Read more ›
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Sales fell by more than a third at bioplastics business Biome as the company warned on ‘regulatory difficulties’ suffered by two of its largest customers. The Southampton-based company reported revenues of £2.3m for the first six months of the year, a drop of around 36% compared to the previous year, while losses jumped by 76% ... Read more ›
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The progress in closing the tech gender and diversity gap is “not quick enough” according to the British Computer Society. Speaking in an interview with UKTN, Julia Adamson, managing director for public benefit at BCS said the industry is still having the same conversations it has been having for years concerning equal opportunities for tech ... Read more ›
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Fewer than one in five businesses say their software testing practices are efficient, new research has found, highlighting the scale of precarity of many companies’ IT systems the in the wake of a string of recent high-profile outages disrupting global infrastructure. Although 85% of total respondents to a survey commissioned by Leapwork say they have integrated ... Read more ›
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The government has been urged by civil society organisations to ensure a rollout of digital ID does not discriminate against ethnic minorities. Careful Industries, Open Rights Group and Amnesty International have jointly warned that digital identification technology poses serious concerns to people of colour. The groups claimed that government plans for digital IDs “lack transparency” ... Read more ›
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The UK’s competition regulator has pushed back the deadline for its report into the state of the UK’s cloud market as it embarks on a deeper probe into the industry. The Competition and Markets Authority today said it had extended the deadline by four months, from its original date of 4 April 2025 to 4 ... Read more ›
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The UK will in November host a follow-up to the AI Safety Summits focused on implementing commitments made. The conference, which will take place in San Francisco on 21 and 22 November, follows the Bletchley Park AI Safety Summit in November 2023 and the Seoul summit last May. The California event will bring together AI ... Read more ›
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Credit card challenger startup Yonder has raised £23.4m as it looks to expand its rewards offering for young users. Coming off the back of its £12.5m Series A last year, which also saw it secure £50m in debt financing, Yonder hopes the new investment can help it become the go-to rewards card for Millennials and ... Read more ›
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A matter of weeks separated the end of summer recess in parliament from party conference season – a reminder of just how congested the political calendar is. While observers will note the new government has had little time actually in office, it is nonetheless possible to offer a preliminary assessment of its initial progress – ... Read more ›
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KR1 has seen as much as £50m wiped from its portfolio since the start of the year as the crypto investment firm warned of a ‘period of consolidation’ in the market. The Isle of Man-based digital asset investment firm today reported a fall in the value of its assets from £196m at the end of ... Read more ›
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UK chipmaker EnSilica has unveiled a new partnership with Taiwan’s biggest semiconductor business in a bid to turbocharge the development of its innovative technology. The Berkshire-based developer of application specific integrated circuits (ASICs) said it had joined the Design Center Alliance of the Taiwan Semiconductor Manufacturing Company’s Open Innovation Platform. The platform seeks to reduce design ... Read more ›
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Global economic uncertainty, political instability, and the ravages of the pandemic all impacted investor confidence in London. Yet my company, Abound, managed two of the largest fundraising rounds in London and Europe in recent years amid these significant pressures. While our journey was tough, the good news is that conditions are now improving. Last ... Read more ›
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Self-driving vehicle software group Oxa has bolstered its position in industrial logistics with the acquisition of StreetDrone. Backed by Google, Oxa develops the software behind autonomous vehicles. The group has supported the rollout of self-driving bus and shuttle services. The company announced on Wednesday it had acquired StreetDrone, an Oxford-based startup that specialises in industrial ... Read more ›
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AI algorithms are convincing shoppers to buy more and more, according to the company behind many of the UK’s biggest supermarket loyalty schemes. Eagle Eye, which works with retailers on customer promotions through loyalty schemes such as Tesco’s Clubcard, has described how the group’s recent adoption of AI created an opportunity to turn small shopping ... Read more ›
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Most popular sources
Business Insider
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25% 6 |
The Verge
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9% 3 |
Tech Wire Asia
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8% 1 |
Android Authority
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8% 5 |
Tom's Hardware
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8% 5 |
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27.11.2024 11:36
Last update: 11:31 EDT.
News rating updated: 18:33.
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