Netherlands-headquartered and Chinese-owned semiconductor manufacturer Nexperia has refuted claims that its acquisition of Newport Wafer Fab was a hostile takeover and insisted the buyout saved the Welsh company from bankruptcy. In a letter to the Commons’ business select committee, seen by The Times, Nexperia accused former board members at Newport Wafer Fab of making “misleading ... Read more ›
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Fully self-driving vehicles could be on UK roads by 2025 as part of the government’s legislative push, backed by £100m of public funding for safety research. Under the government’s 2025 timeline, self-driving cars would not require anyone onboard to hold a driving licence. Cars, coaches and lorries with driverless capabilities could be purchased and allowed ... Read more ›
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Just Eat Takeaway has sold its stake in the Brazilian food delivery service iFood in a deal worth around £1.5bn, providing the company with a much-needed cash boost as it seeks to narrow losses. Dutch investment group Prosus, which already owns two-thirds of iFood, is set to acquire the remaining third from Just Eat Takeaway. ... Read more ›
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Dr Emilia Molimpakis is the co-founder and CEO of Thymia, a mental health tech startup building AI-powered tools inspired by video games to help doctors spot and treat depression. Molimpakis, who has a PhD in neuroscience and linguistics from UCL, founded Thymia alongside Dr Stefano Goria in 2020. In June last year, Thymia secured £780,000 ... Read more ›
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The Financial Conduct Authority (FCA) has issued a warning to companies offering buy now, pay later (BNPL) products that adverts must comply with financial promotion rules. The FCA does not yet have direct regulatory jurisdiction over the booming BNPL market. The government has outlined a new system of rules, but no legislation has been passed ... Read more ›
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Alternative investment fund manager Channel Capital Advisors has appointed Ion Fratiloiu as its chief commercial officer. In his new role, Fratiloiu will be responsible for Channel’s expansion into lending for small and medium enterprises (SMEs), alongside its embedded finance offerings. Channel Capital Advisors LLP is authorised and regulated by the Financial Conduct Authority. The London-based ... Read more ›
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US retail investing app Robinhood has slashed its offer to acquire UK crypto startup Ziglu amid the tumbling value of cryptocurrencies. Robinhood announced its plan to acquire the FCA-regulated crypto firm back in April, with an original price tag of $170m. But according to messages sent by Ziglu CEO Mark Hipperson on the crowdfunding platform ... Read more ›
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Equity crowdfunding platform Seedrs has launched its first venture partner programme for investing in and supporting European startups and scaleups. The programme will provide access to global deals through a collaboration with US fintech company Republic, which acquired Seedrs last year for £75m. “We are creating something special – an active community of experienced investors ... Read more ›
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UK prime minister candidate Liz Truss is set to review the roles of the country’s financial regulators if she wins, according to sources close to the Truss leadership campaign. As reported by The Financial Times, the Conservative leadership frontrunner is considering a merger of the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA), and ... Read more ›
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Skyrora has successfully completed a test of its second-stage orbital rocket engine at Machrihanish Airbase, bringing the Scottish rocket company closer to its goal of a 2023 launch from British soil. During the 20-second static fire test at the former RAF airbase, Skyrora’s XL orbital rocket achieved the expected thrust for launching into orbit. “The ... Read more ›
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Haystack, a Newcastle-based digital recruitment platform for tech roles, has raised £500,000 in a funding round to fuel its expansion into the US market. Founded mid-pandemic in 2020, Haystack uses an algorithm to match data engineers, software developers and other tech professionals with jobs. The startup claims its tech removes the need for recruitment agencies. ... Read more ›
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London-headquartered fintech startup Super has emerged from stealth with a £22.5m pre-seed round led by Accel for its online checkout payments service. Super was founded earlier this year by Samir Desai CBE, the former CEO and co-founder of commercial lender Funding Circle. The startup is launching an online checkout alternative to the likes of PayPal, ... Read more ›
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Contrarian Ventures, founded by ex-London bankers Rokas Peciulaitis and Tomas Kemtys, has launched a €100m (£84m) fund to invest in climate tech startups and establish a UK presence. The VC is looking to close the funding gap for climate tech startups and will make investments at the seed level. “Climate tech is going to be ... Read more ›
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OakNorth Bank has appointed Timo Boldt, the founder of meal subscription service Gousto, to its board of directors. Founded in 2012, Gousto has gone on to achieve unicorn status and in February received a £172m secondary placing investment from Japanese conglomerate SoftBank. OakNorth bills itself as “the UK bank for entrepreneurs by entrepreneurs” and in ... Read more ›
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Singapore-based cryptoasset trader Crypto.com has become the latest firm to receive regulatory approval from the UK’s Financial Conduct Authority (FCA). The international crypto startup, which made headlines with its polarising adverts featuring Hollywood’s Matt Damon claiming that “fortune favours the brave”, announced a number of UK hires back in March as it sought to expand ... Read more ›
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If you could create your dream job, what would it look like? Would you like to work at home or in the office? Would you prefer to have a big team or a small close-knit one? Would you prefer a set amount of holiday, or unlimited? One thing that most tech workers can agree on ... Read more ›
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Property company Bruntwood has invested £1.25m in Gary Neville’s University Academy 92 (UA92) higher education establishment in a bid to address the digital skills gap in the region. The partnership will equip young people in the North West with industry skills and provide startups and businesses with access to local talent. Located in Old Trafford, ... Read more ›
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A consortium led by Barclays Eagle Labs has launched a digital security accelerator for startups based in the North West of England. Based at the Greater Manchester Digital Security Hub (DiSH), startups accepted onto the digital security accelerator will receive help with seed investment, commercialisation, training, networking and access to DiSH office space. “Greater Manchester ... Read more ›
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Cambridge-based life science firm Constructive Bio has closed a $15m (£12.45m) seed funding round to fuel its launch and commercialise its technology. The company was set up to develop synthetic genomes and non-natural polymers using bacterial strains. Constructive Bio was spun out from the laboratory of Professor Jason Chin at the Medical Research Council’s molecular ... Read more ›
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British digital renting platform Fat Llama has been acquired by its Swedish competitor Hygglo for $41.5m (£34.5m). Founded in London in 2016, Fat Llama is a peer-to-peer service where users can list and rent products of any variety, including bikes, drones, cameras and more. Product owners can name their fees and renters can leave reviews ... Read more ›
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16.06.2026 13:38
Last update: 13:30 EDT.
News rating updated: 20:31.
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