Ella d’Amato is the co-founder and CEO of I love it, a social commerce startup in which AI curates the shopping experience, with users recommending their favourite purchase, acting almost like sales people. In this week’s Founder in Five Q&A d’Amato discusses how AI is misunderstood, breaking into the industry with no university degree and, of ... Read more ›
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The CEO of Boohoo is to step down after the British e-commerce firm reported a sharp drop in the value of its overseas sales. John Lyttle, who has been at the helm of the London-listed business for the past five years and previously worked as chief operating officer of Primark, had presided over a roughly ... Read more ›
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New rules designed to protect consumers from the risks associated with buy now pay later (BNPL) payments will be introduced in early 2025, according to the Treasury. The government is preparing to introduce requirements for affordability checks and consumer protections to prevent at-risk customers from accruing excessive debt through the use of BNPL. Announced by ... Read more ›
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The UK Space Agency has committed a £1m grant towards a project developing solutions to refuel satellites from space tech companies Magdrive and Orbit Fab. The firms signed a memorandum of understanding (MoU) to collaborate on the technology in the hopes of making space technology more sustainable and ambitious. The agreement centres around Magdrive’s SuperMagdrive ... Read more ›
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The chief executive of Ofcom has warned social media firms that disciplinary action including hefty fines will soon be enforceable via the Online Safety Act. Speaking on BBC Radio Five Live on Thursday, Ofcom CEO Dame Melanie Dawes said enforcement of the Online Safety Act – a law passed last year to prevent the spread ... Read more ›
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Britain’s financial watchdog is launching an AI lab to bring together tech firms, academics and regulators to better understand the technology’s present and future impact on financial services. Announced in a speech by Jessica Rusu, chief data, information and intelligence officer at the Financial Conduct Authority (FCA), the AI lab will support the implementation of ... Read more ›
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Mario Draghi’s recent European Competitiveness report painted a gloomy picture of European investment, stating that the gap in private sector growth between the bloc and competitors like the US and China is quickly growing. The report argued that Europe risks being left citing the decisions of 30% of their companies with unicorn valuations to leave ... Read more ›
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An online dating advert has been banned by UK regulators after being accused of featuring “sexist and negative gender stereotypes”. The ad was posted to social media site Reddit by US-based dating service Seeking.com, a trading name of a firm called W8 Tech Cyprus. It depicted an older businessman who throws away a photo of ... Read more ›
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Orders are down across the board at London-listed Just Eat Takeaway as the directors bank on gross transaction value (GTV) boosts to carry firm to profitability. In a trading update for the third quarter of 2024, Just Eat Takeaway reported a drop in orders in all of its markets including the UK and Ireland, North ... Read more ›
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Zilch has seen a near doubling in its annual turnover as the London fintech pared back its losses ahead of a possible IPO next year. The company posted revenues of £57.1m for the year to end March, a jump of 90% compared to the previous year according to figures filed with Companies House, while pre-tax ... Read more ›
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Fintech group CAB Payments could delist from the London Stock Exchange as it weighs up a potential takeover proposal from US payments firm StoneX. CAB Payments said it received a non-binding proposal from the Nasdaq-listed firm at a price of £1.45 per share, valuing it at £368.5m. According to CAB Payments, the proposal came following ... Read more ›
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Amid the hype surrounding all the ways in which generative AI can be put to work to solve any and all problems, one Cambridge-based startup claims the technology can be used to reverse the ageing process. Founded in 2017, Shift Bioscience is exploring how generative AI models can be used to understand how the activation ... Read more ›
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Wise shares have jumped around 5% as the London-listed fintech reported a bump in income in line with expectations. The cross-border payments firm, which went public in London in 2021, said in a trading update that underlying income had reached £337m for the second quarter of the 2025 financial year, a 17% increase from the ... Read more ›
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Venture capital funding raised by UK startups dropped sharply in the third quarter of 2024, new research has found, adding further pressure for founders in search of new investment. British startups secured around $2.9bn in VC funding in Q3, a 50% drop from the previous quarter, according to the latest report from HSBC Innovation ... Read more ›
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Some see AI as the key driver of change in the business sphere. News such as BlackRock and Microsoft’s planned $30 billion AI investment fund has reinforced this perception. But is this really the case? Despite the buzz surrounding AI, our latest survey reveals that business leaders are prioritising other technologies like cybersecurity, cloud computing, ... Read more ›
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This week’s podcast guest is Joyeeta Das, co-founder and CEO of Samundra Oceans. Das discusses how seaweed has an incredible variety of uses, including food, fuel, fertiliser and bioplastics; how coastal towns are facing the biggest danger from climate change, but could also contain vital ocean expertise; and the challenge of finding patient investors that ... Read more ›
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Four US firms have announced a combined £6.3bn investment into UK data centres as PM Keir Starmer puts technology at the heart of the government’s industrial strategy at this week’s investment summit. CyrusOne, ServiceNow, Cloud HQ and CoreWeave have announced the UK will be the home for their data infrastructure with some of the new ... Read more ›
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Britain’s newest bank has been named in more fraud complaints than any other major UK bank, an investigation has found, as it grapples with the strictures that come with its new banking licence. Canary Wharf-based Revolut, which was provisionally granted the licence in July, was named in nearly 10,000 fraud complaints in the past year, ... Read more ›
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The boss of an AIM-listed tech company has said she would be ‘very disappointed’ if the stock exchange market were to close amid concerns it is not fit for purpose. Claire Milverton, CEO of data management software business 1Spatial, said being listed on the AIM market had been a crucial component of the company’s success. ... Read more ›
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In a move which can only be described as a backwards step, the Payments System Regulator (PSR) has lowered the reimbursement limit for Authorised Push Payment (APP) fraud from £415,000 to £85,000. Like many other security professionals – and fierce consumer advocates – I’m left scratching my head. This decision, while aimed at easing the ... Read more ›
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21.06.2026 19:06
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