The Financial Conduct Authority (FCA) is considering a rule amendment that would relax listing requirements on the London Stock Exchange in a move to entice the chip company Arm to IPO in the city. Various parties in the UK, including Prime Minister Rishi Sunak, have been attempting to convince the Cambridge-based semiconductor designer to pick ... Read more ›
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Administrators have selected Australian battery startup Recharge Industries as the preferred bidder to acquire Britishvolt. If the deal completes, Recharge Industries and its owner Scale Facilitation Partners would obtain “the majority of the business and assets” according to Britishvolt’s administrator EY. David A. Collard, founder, Recharge Industries, said: “We’re thrilled to be progressing with our ... Read more ›
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Salad Money, a fintech providing credit services to NHS and public sector workers, has secured a £40m debt facility from a US fund. The London-based company offers small-sum loans to key workers. The application process uses open banking technology to assess affordability, which Salad Money said means applicants aren’t penalised for having impaired credit scores. ... Read more ›
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An influx of new users to London-based neobank Kroo is causing a backlog of customer applications following a high-profile recommendation from financial journalist Martin Lewis. UKTN can reveal that the challenger bank’s application process has been overwhelmed by customers flocking to open an account on the advice of the Money Saving Expert founder. On the ... Read more ›
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Oxford Quantum Circuits (OQC), the computing startup that broke quantum startup funding records last year, has raised an additional £869,000 as it looks to expand to Japan. OQC, a specialist in quantum computing technology, has been preparing an expansion into Asia since its record-breaking £38m Series A funding round in July 2022. The company has ... Read more ›
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While you might think a well-presented CV filled with tangible examples of how you’ve added value to your previous roles is enough to secure an interview, think again. Recruiters and hiring managers are now relying on sophisticated AI-driven applicant tracking systems (ATS) to screen potential candidates. If your CV doesn’t pass the test, it will ... Read more ›
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A group of MPs have warned the government that delays in publishing its semiconductor strategy is an “act of national self-harm” and risks the UK falling behind. MPs from the Business, Energy and Industrial Strategy (BEIS) Committee said the report, which is more than two years in the making, must be published “urgently”. The government ... Read more ›
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Scottish electric 4×4 maker Munro Vehicles has been hit with a lawsuit from the US electric vehicle company Bollinger Motors, alleging a breach of contract and patient infringement. Based in Michigan, US, Bollinger Motors filed a lawsuit against Munro Vehicles and head designer Ross Compton, alleging similarities in the design of Munro’s MK_1 4×4 and ... Read more ›
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Sam Martin is the CEO and co-founder of Peckwater Brands, a scaleup that creates virtual food brands for kitchen operators. Martin founded Peckwater Brands with Leo Bradshaw in 2019. It creates virtual food franchises, including menus, that it licenses to restaurants and businesses with the kitchen capacity to prepare additional meals for delivery. Its virtual ... Read more ›
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Social Chain, a digital marketing startup founded by Dragon’s Den star Steven Bartlett, will be acquired by rival firm Brave Bison for an initial fee of £7.7m. Founded in Manchester in 2014 by Bartlett, Social Chain creates social media marketing campaigns based around influencers for major brands. The company works with clients like TikTok, Amazon, ... Read more ›
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The NHS has been assigned a “blueprint” to increase the use of new medical technology used within the organisation. Its medtech strategy aims to provide better care through “modernised technology”, stimulate science research in the UK, champion medical technology amongst clinicians and help patients use medtech products safely. Dr Sam Roberts, National Institute for Health ... Read more ›
0
Fluffy, a pet insurance, training and health app, has secured $450,000 (£366,000) in a pre-seed funding round. Fluffy currently offers dog training, 24/7 vet messaging and insurance through its app to pet owners. The app has more than 20,000 users, according to the company. London headquartered Fluffy will use the pre-seed to hire across product ... Read more ›
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A consortium, which includes supermarket Asda and HVS, has been awarded a £6.6m government grant to develop a self-driving, hydrogen-powered truck. The Hub2Hub consortium is led by Glasgow-based autonomous hydrogen truck maker HVS (Hydrogen Vehicle Systems). Asda will be a logistics partner to help test the vehicle. Jawad Khursheed, CEO, HVS, said: “We are engineering ... Read more ›
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Doctify, the medical care review platform, has received a $10m (£8.1m) funding boost to continue its international growth and expand its team. London-based Doctify was founded by two trainee surgeons after they encountered a concerning lack of reliable and transparent online reviews for medical professionals. The founders drew inspiration from TripAdvisor and Glassdoor, which have ... Read more ›
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The UK tech industry continues to thrive amid difficult economic headwinds – and not least in the North East. Tech on the Tyne, a UKTN report, explores the tech innovation taking place in Newcastle and the surrounding region. Through a combination of editorial research, engagement with local stakeholders and an independent survey, the report looks ... Read more ›
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Scottish digital pharmacy startup Phlo has raised £10m in a Series A funding round, shared exclusively with UKTN. The new funding will support the company’s expansion across the UK. Founded in Glasgow in 2019, Phlo provides same-day medication deliveries that patients can track on a smartphone app. The company offers one-off and repeat prescription deliveries ... Read more ›
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As the scientific community looks to reduce reliance on plastic, Kelpi, a sustainable material startup from Bath, has secured £3m in seed funding to advance the development of its bioplastic for packaging. Founded in 2020, Kelpi is manufacturing seaweed-based coatings for paper and card packaging, in an effort to remove plastic from supermarket products. The ... Read more ›
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Challenger bank Zopa has landed £75m in capital from existing investors and predicts it will reach full-year profitability this year as it eyes a London IPO once public markets have settled. IAG Silverstripe led the £75m round, with further investment coming from Augmentum Fintech and Davidson Kempner Capital Management LP. No contribution was made by ... Read more ›
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Manchester-based Re:course AI, a startup that has created a virtual training platform for healthcare staff, has raised $4.3m (£3.5m) in seed capital. Founded by Dr Scott Martin, CEO, and Dr Maksim Belousov, CTO, Re:course AI’s software uses digital avatars to simulate training tasks in a healthcare setting. On-screen digital avatars are equipped with natural language ... Read more ›
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The UK tech community has reacted with an outpouring of shock and sadness upon learning that Tech Nation, the entrepreneur network that has supported thousands of British startups over more than a decade, will shut down operations after losing its core government funding. Since it was launched by then-Prime Minister David Cameron in 2010, Tech ... Read more ›
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29.06.2026 07:05
Last update: 07:00 EDT.
News rating updated: 14:00.
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