French tech giant Schneider Electric is considering a full takeover of Cambridge-based software company Aveva, in what would be another blow to UK tech and London’s public markets. Paris-based Schneider Electric is already the majority shareholder in Aveva, with a 59% stake in the company. However, it is now considering a complete acquisition of the ... Read more ›
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The first investment from Octopus Energy’s new Development Partnership (OEDP) fund has gone to battery developer and solar power company Exagen. Octopus Energy Group has bought a 24% in the sustainable energy company, valued at up to £35m, according to Exagen’s website. Exagen said it will use the cash injection to accelerate the development of ... Read more ›
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Pre-pandemic, the semiconductor industry was a largely unknown entity to the average person. In 2021, however, consumers started to ask questions as to why the price of second-hand cars was rocketing, and why it was becoming so challenging to get their hands on the latest PlayStation. Whilst they vary in complexity and sophistication, what has ... Read more ›
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Multinational investment bank JP Morgan and investment manager Triple Point have granted business credit card provider Capital on Tap a £200m funding facility to provide small UK businesses with access to credit. “Their willingness to support our mission of ‘Making the Lives of Small Businesses Easier’ not only recognises the importance of this mission but ... Read more ›
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The Ukrainian co-founder of Revolut has described this year’s Ukrainian Independence Day – which marks Ukraine’s separation from the Soviet Union on 24 August 1991 – as “heartbreaking” amid the ongoing Russian invasion. In a company-wide Slack message, seen by UKTN, Revolut CTO and co-founder Vladyslav Yatsenko said the “invasion didn’t just affect us as ... Read more ›
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The government has unveiled a £20m plan to upgrade the UK’s electric vehicle (EV) infrastructure that will see 1,000 charge points installed across the country ahead of the 2030 ban on new petrol and diesel car sales. The 1,000 commercial EV charging points will be installed in nine locations across the UK including Dorset, Durham, ... Read more ›
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Atom Bank has reported a boost in staff retention, productivity, and satisfaction following an internal study of its four-day work week policy. The challenger bank made headlines for becoming one of the first major companies in the UK to implement the reduced working week without reducing pay in November 2021. While the debate continues among ... Read more ›
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A surge in UK companies paying out large dividends has driven the global figure to a record $544.8bn (£461.2bn) amid the cost of living crisis. Research from the fund management firm Janus Henderson found that shareholder payouts in the UK increased by 32.3% in the second quarter compared to the year prior, putting $38.5bn (£32.6bn) ... Read more ›
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Electric quad bike maker Eco Charger has doubled its working capital facility from HSBC UK to £350,000 to help the firm import vehicle bike frames more efficiently. Eco Charger’s loan comes as part of UK Export Finance’s General Export Facility (GEF), which provides partial guarantees to banks to help UK exporters to gain access to ... Read more ›
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The green tech industry could face a “crisis” due to a global shortage of sulphur caused by the world moving away from fossil fuels, according to new research. Harvesting sulphuric acid is currently dependent on fossil fuels that are harmful to the environment. However, it is also an essential component for the development of green ... Read more ›
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Events startup Pollen is now in administration after attempts to find a buyer were unsuccessful. The company partnered with artists, entertainers, athletes and comedians to create bespoke events and festivals featuring the likes of Justin Bieber and 50 Cent. More than 270,000 people travelled with the London-headquartered company, which was founded by brothers Callum and Liam ... Read more ›
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Oddbox, the UK’s food-waste-fighting fruit and veg box, has signed up to Mintago to provide a financial wellbeing platform to its staff. Mintago is an FCA-regulated financial wellbeing company. It helps employees find all their past pensions and manage contributions towards their current pension, as well as providing financial planning tools supported by free access to financial advisors, ... Read more ›
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UK brand advocacy platform Duel has closed a $3m (£2.5m) seed funding round to support company growth and bring on additional staff. Duel is looking to capitalise on the boom in influencer marketing by providing companies with a suite of tools to keep track of the performance of brand advocates. Duel works with consumer brands, ... Read more ›
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US fintech Block, co-founded by Twitter founder Jack Dorsey, is adding buy now, pay later (BNPL) services for UK customers via an integration with subsidiary Clearpay. Block’s flagship product Square provides business management software, largely to retail companies, offering ecommerce tools and embedded financial services. Now the US company is entering the crowded UK BNPL ... Read more ›
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The CEO and co-founder of Paragraf, a British startup commercialising graphene-based electronics, has threatened to move its base to the US due to the lack of a government semiconductor strategy and challenges attracting talent post-Brexit. Paragraf chief Simon Thomas told The Times that the UK government “doesn’t know what it’s doing” and said there was ... Read more ›
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London-based investment platform Wombat has closed a £4m Series A funding round to support its growth plans, upcoming product launches, and international expansion. Launched in 2019, Wombat is a mobile investment platform that lets users purchase fractions of shares in blue chip companies. This means customers can purchase small stakes in major companies for a ... Read more ›
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SME financial services app Muse has raised $20m (£17m) in a debt facility round to continue its growth in the UK and expand its offerings abroad. London-based Muse Finance provides various financial services for small businesses, including loans along with cash flow and invoice management tools. The company, founded in 2018, claims it can optimise ... Read more ›
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The UK government has launched a scaleup visa for businesses to sponsor high-skill tech workers for a two-year stay to encourage more talent into the country and plug the digital skills gap. From today, businesses that meet certain requirements can apply to sponsor individuals working in roles such as software development, engineering and science R&D. ... Read more ›
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UK Research and Innovation (UKRI) has unveiled its plan to boost the nation’s tech industry by putting investments toward high-growth tech regions and increasing funding for tech innovation. The non-departmental government body announced on Monday how it will allocate its £7.9bn budget, including a budget increase to more than £1bn for Innovate UK by 2024 ... Read more ›
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The UK government is investing an additional £16.5m of funding into research and development in agriculture tech as part of its £270m Farming Innovation Programme. Run in collaboration with UK Research and Innovation (UKRI), £5.5m of the farming tech funding will be allocated to a “feasibility projects” competition, with grants ranging from £200,000 to £500,000 ... Read more ›
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02.07.2026 21:16
Last update: 21:10 EDT.
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