An independent legal body has called for a new category of private property laws to govern cryptoassets such as NFTs and cryptocurrencies. The Law Commission, which reviews laws for parliament, today published its proposals to reform laws for cryptoassets following a consultation request from the government. The UK has yet to iron out a robust ... Read more ›
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Bruntwood SciTech has unveiled its £20m lab redevelopment at Alderley Park, Macclesfield, part of a £247m plan to bolster life science innovation in the region and attract more companies to the area. Alderley Park has seen 86,000 sq ft of its existing labs redeveloped into high-specification biology and chemistry containment level two laboratory suites. “The ... Read more ›
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A former Uber Eats courier has brought legal action against the food delivery company, alleging he was unfairly dismissed because of the company’s “racist” facial recognition software. Uber Eats drivers are required to take a selfie before starting a shift to verify their identity. However, Pa Edrissa Manjang said that the Uber Eats app told him ... Read more ›
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Microsoft-backed health tech platform iLoF has raised $5m (£4.1m) for its AI-driven drug discovery and development technology. Based in Oxford, UK, and Porto, Portugal, iLoF’s digital library of disease biomarkers and biological profiles is used by pharmaceutical firms to speed up the process of clinical trials. The startup was founded to advance personalised drug discovery, ... Read more ›
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Virtual care platform Suvera has closed a seed extension round of £5m to develop its remote care platform and expand across the UK. London-based Suvera, which raised funds from the Google for Startups programme, works with GPs to provide services remotely for patients with long-term chronic conditions like diabetes and hypertension. It aims to reduce ... Read more ›
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Bristol-based metaverse infrastructure startup Condense Reality has raised $4.5m (£3.7m) in a funding round to develop its hybrid virtual and real-world event technology. Condense Reality captures real-world events such as music concerts in 3D using a portable multi-camera system. It then streams the event via its cloud platform and provides plugins for businesses to integrate ... Read more ›
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As the curtain falls on Boris Johnson’s eventful premiership, it presents an opportune moment for the UK tech sector to reflect on the successes and shortfalls of his government when it comes to technology and innovation. As prime minister, Johnson has been a passionate optimist and diligent advocate for UK tech. Cultivating partnerships with emerging ... Read more ›
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London-based venture capital firm Concept Ventures has launched a £50m fund to invest in British pre-seed startups and address the “major gap” in that stage of the investment ecosystem. The fund will invest between £100,000 and £600,000 in more than 60 startups over the next four years. Coinciding with its pre-seed fund launch, Concept Ventures ... Read more ›
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London-based clean tech company Itero has secured €6m (£5m) in funding to design and build its first demonstration plant at the Brightlands Chemelot Campus in the Netherlands. Itero’s chemical recycling process turns plastic into “high-value chemical products”. These products can then be used in the production of plastic, which can then be continuously recycled. “Maintaining ... Read more ›
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The UK’s Financial Conduct Authority (FCA) has today announced a major change in how it regulates financial service firms, outlining measures to end “rip-off” fees and ensure fintech companies provide “clear” information to consumers. The financial watchdog confirmed it will bring a new “Consumer Duty” into effect, with the goal of increasing the level of ... Read more ›
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Southern Co-op has received a legal complaint from privacy campaigners over the use of facial recognition technology in 35 of its stores. The complaint was filed by non-profit Big Brother Watch through lawyers at data rights group AWO to the UK’s data watchdog, the Information Commissioner’s Office (ICO). Big Brother Watch said in a blog ... Read more ›
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Octopus Energy Group has raised $550m (£455.3m) in the firm’s latest funding round to improve its energy tech solutions and expand its renewables offering. Existing shareholders provided the majority of the new funds, giving Octopus Energy Group $325m. The remaining $225m came from Canada Pension Plan Investment Board. The company said it will use the ... Read more ›
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A four-day work week and hybrid options are among the top demands for the modern office worker, according to new research. A survey conducted by business messaging software provider Slack found that 86% of UK office workers would rather work more hours in a day over a four-day work week. A growing number of companies ... Read more ›
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London-based Onto has raised $60m (£49.9m) in a Series C equity funding round for its electric vehicle (EV) subscription service. A study from accounting firm EY found that 49% of drivers want their next vehicle to be an electric car. However, EVs remain prohibitively expensive for many. Data from NimbleFins shows the average upfront cost ... Read more ›
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The UK government is offering investments of up to £25m to fund research and development into 5G and future 6G network equipment. As part of The Future Open Networks Research Challenge, universities and companies can apply for funding to develop “open and interoperable” tech for telecoms. Matt Warman, digital infrastructure minister, said: “The seamless connectivity ... Read more ›
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London-based software startup Baselime has secured £1.5m in pre-seed funding for its platform that helps developers monitor cloud services, in a round led by Sequoia Capital. The investment follows Baselime’s membership in California-based venture capital firm Sequoia Capital’s inaugural Arc cohort that was revealed in May, where UK startups accounted for half of the list. ... Read more ›
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The National Crime Agency (NCA) seized £27m worth of cryptoassets during the last year, demonstrating how criminal activity remains a key use for cryptocurrencies despite growing adoption among institutions. The NCA’s annual report linked cryptocurrencies to potential money laundering and highlighted the Russian invasion of Ukraine as a cause for concern for the illegal laundering ... Read more ›
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The Competition and Markets Authority (CMA) has today ordered challenger bank Monzo to review the way it informs customers of their historic financial transactions when closing accounts. According to the CMA, 13,000 customers were not sent their historic financial transactions when leaving Monzo, a breach of Part 5 of the Retail Banking Market Investigation Order ... Read more ›
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In today’s digital-first world, great customer experience (CX) is what differentiates an enterprise from its competition. WhatsApp, with its two billion users across 180 countries, offers businesses the ability to connect with a broad audience. Consumers want to communicate with brands like they do with friends and family. The channel allows companies to build lasting ... Read more ›
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British satellite company OneWeb and French satellite operator Eutelsat have signed a memorandum of understanding to merge the rival businesses. The all-share merger will see OneWeb’s 648 low earth orbit (LEO) satellites combine with Eutelsat’s 36 geostationary orbit (GEO) satellites. The UK government will keep its shareholding within OneWeb after rescuing it from bankruptcy in ... Read more ›
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16.06.2026 16:36
Last update: 16:30 EDT.
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