The space industry is in a worrying state. The UK still can’t conduct space launch activity from its shores, and while it has been heartening to see the value of the space sector discussed in Parliament, the pressing issue of when the UK will commence commercial launch remains unanswered. Delays in regulatory approval and a ... Read more ›
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This week’s UK tech funding deals include academic publishing platform Perlego, security firm Harmonic and challenger bank Monzo. UKTN tracked £131m worth of UK tech investment this week (7 to 11 October), a 20% week-on-week increase across four rounds. Here’s your weekly roundup of UK tech startup funding deals.  THG – £95m Sector: Ecommerce ... Read more ›
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Shares in THG fell around 6% today after the Manchester-based company raised £95m in a fresh fundraise. The London-listed ecommerce firm completed the oversubscribed raise, which were offered at a 5.2% discount to yesterday’s closing share price, after existing long-term and institutional shareholders contributed approximately £50m to the fundraise, including CEO Matthew Moulding who invested ... Read more ›
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The co-founder and former CEO of Darktrace has been named as the UK’s new investment minister as the government seeks to deepen ties with businesses. Poppy Gustafsson, who help setup the cybersecurity firm in 2013 before becoming its CEO in 2016, will be responsible for the revamped Office for Investment and will be tasked with ... Read more ›
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Monzo’s valuation has jumped to £4.5bn after it completed a fresh employee share sale. The London fintech has seen its value jump by around £400m compared to a funding round it closed in May. Investors participating in the deal include existing backers StepStone Group and GIC, Singapore’s sovereign wealth fund, which took part in Monzo’s ... Read more ›
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When did anyone neurodiverse ever achieve anything? Few names spring to mind. Well, apart from Ada Lovelace, Isaac Newton, Charles Darwin, Albert Einstein, Marie Curie, Thomas Edison, Alan Turing, Nikola Tesla, Bill Gates and Steve Jobs — and many, many more on a list of history’s most scientifically and technologically pioneering minds.  All are thought ... Read more ›
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Pockit has acquired Monese for an undisclosed sum, securing the long-term future of the London fintech that had warned on its ability to raise funds. Pockit founder and CEO Virraj Jatania will lead the enlarged business, with the two separate services continuing to run independently until a review and integration process has been completed. Monese ... Read more ›
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Innovate Finance has unveiled plans to shine a spotlight on fintech startups across the different regions of the UK with a new pitching initiative. The government-backed organisation is to organise a series of regional pitch events over the next 12 months in the North, South West, Midlands, Scotland, Ireland, and Wales. In a project dubbed ... Read more ›
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Meta AI, a ChatGPT competitor developed by the Facebook and Instagram parent company, has today launched in the UK. The product provides similar services to the likes of Gemini and ChatGPT, allowing users to ask questions and generate various forms of written and visual communication instantly. However, keen to fly the flag of open AI ... Read more ›
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Google has added an extra 400 staff to its UK headcount as it prepares to move into its huge new office in London’s King’s Cross. Total UK staff numbers rose from 7,005 to 7,422 by the end of 2023, the tech giant’s accounts show, an increase of 6% on the previous year but a slowdown ... Read more ›
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London-listed software group Netcall has credited a surge in demand for cloud services for the revenue bump in its latest results. The Bedford-based digital services group reported revenue of £39.1m for the year ended June 2024, a 9% increase from 2023. The biggest jump in revenue came from its cloud services offering, which grew by ... Read more ›
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The new UK government has rightly nailed his flag to the mast of economic growth. If PM Keir Starmer delivers on this promise, then the next decade will be gifted to Labour – but should he fail, it’s unlikely the electorate will forgive him. Although short-term growth can be achieved with directed capital spending, long-term ... Read more ›
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The UK’s competition regulator is to review a proposed £129m grant to be awarded to BioNTech by the UK’s Department for Science, Innovation and Technology (DSIT). The Competition and Markets Authority (CMA) will prepare a report evaluating of the DSIT’s assessment of whether the award complies with the relevant subsidy control requirements. The review is ... Read more ›
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Staff numbers at the London-based rapid grocery delivery startup Zapp were slashed dramatically in 2023 as part of a slew of cost-cutting measures. The average monthly number of staff for the year dropped from 2,417 in 2022 to 260, with layoffs affecting both the head office and across its stores and distribution centres, company filings ... Read more ›
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Shein’s revenues surged in the UK in 2023 as the Chinese e-commerce giant prepares for a London IPO. The firm posted revenues of £1.6bn for the year, a jump of around 40% compared to the previous 16-month reporting period of September 2021 to December 2022, or a near doubling when adjusting for the length reporting ... Read more ›
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The UK government’s tech department has set its sights on cutting red tape with the launch of a new regulatory office that it hopes will fast track the approval of new technologies. Announced last year as a key manifesto pledge from Labour, the Regulatory Innovation Office (RIO) will work with existing regulators to update rules ... Read more ›
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Vodafone has struck a billion-pound deal with Google as it looks to deepen its AI and cloud offering to customers. The British telco today unveiled the 10-year tie-up, which will include using Google Cloud’s gen AI across its TV set top boxes and Google Cloud’s Vertex platform to build machine learning models and AI applications ... Read more ›
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This week’s podcast guest is Gene Burros, global policy council for the Coalition for App Fairness (CAF). Burros discusses how Apple and Google use their dominant position in the app store market to unfairly treat app developers and the legal battle taking place over this. Burros joined CAF – a group of app developers advocating for ... Read more ›
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SumUp revenues jumped in 2023 as the payments firm prepares for a share sale that could value it at as much as $9bn. The London-based business, known for its distinctive card readers, posted revenues of €188m (£156m) for the period, a rise of 26% compared to the previous year — though its growth rate slowed ... Read more ›
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A former executive at the London-listed research company Oxford Instruments has joined the board of directors at the motion capture firm behind the holographic tour of the pop group ABBA.  Ian Wilcock, who spent more than eight years at Oxford Instruments across numerous roles – including managing director of resonance and member of the executive ... Read more ›
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21.06.2026 19:06
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