Facebook parent company Meta has begun an appeal process against the UK’s competition regulator for blocking the social media giant’s acquisition of GIF company Giphy. The Competition and Markets Authority (CMA) made the initial order for Meta to unwind its acquisition of Giphy last year. Meta acquired the GIF firm in May 2020. The regulator ... Read more ›
2
British challenger bank Starling has completed a £130.5m fundraise from previous investors to “build a war chest for acquisitions”. The latest funding came at a pre-money valuation of more than £2.5bn for the London-headquartered digital bank. “This will enable us to continue our growth and to build a war chest for acquisitions. We are looking ... Read more ›
10
Belfast-based startup Weev will invest £20m to install 1,500 electric vehicle (EV) charging points across Northern Ireland in a bid to move consumers away from fossil fuel-powered cars. The public EV charging network will be spread across 350 locations, situated in convenient areas such as car parks. Weev is aiming to have the first charge ... Read more ›
0
London-based startup Moonhub has raised £2m in seed funding for its virtual reality (VR) employee training software. Moonhub sells VR headsets and off-the-shelf training software, along with bespoke solutions that can integrate with an organisation’s existing learning management system. It aims to provide a modern alternative to workplace learning with fully immersive VR training for ... Read more ›
2
London-headquartered BenevolentAI has begun trading on Amsterdam’s Euronext market in the latest blow for the UK’s IPO markets. The company’s listing follows BenevolentAI’s $1.7bn merger with special purpose acquisition company Odyssey Acquisition S.A in December. BenevolentAI uses artificial intelligence and machine learning to decode disease biology and generate novel drug candidates. Its in-house pipeline currently ... Read more ›
1
Leading UK business figures have sent a letter to Boris Johnson urging the prime minister to introduce legislation that supports the development of autonomous vehicles. The joint letter, seen by Sky News, was signed by around 20 executives including Virgin Group CEO Josh Bayliss and Ocado chief executive Tim Steiner. It called on the government ... Read more ›
15
Scottish seafood trading platform Rooser has secured $23m (£18m) in its Series A funding led by Index Ventures. The Edinburgh-headquartered startup will use the funding to scale its trading platform and build its marketplace. It will also develop its stock management software for primary processors, quality controls, supply chain financing and personalised features. Rooser is ... Read more ›
3
UK fintech Revolut has announced it is temporarily suspending part of a scheme to provide free accounts to Ukrainian refugees due to some customers exploiting the benefits. Revolut launched the scheme in March to offer payment services and waive fees for those fleeing the conflict in Ukraine. The initiative included a referral system wherein existing ... Read more ›
12
VC firm Cambridge Innovation Capital has raised £225m for its second fund to invest in deeptech and life science startups based in Cambridge. The fund will mainly invest in startups at the seed and Series A stage. A typical investment will be as much as £5m, with £15m reserved for follow on fundraising. It brings ... Read more ›
29
Industrial internet of things startup FourJaw has raised £1m in early-stage funding for its hardware and data platform used to monitor manufacturing machines. The Sheffield-based company, which has been dubbed ‘Fitbit for manufacturers’, provides device-agnostic sensors that plug into factory equipment. The IoT device connects to the shop-floor wi-fi network and then provides machine analytics ... Read more ›
0
The UK’s financial regulator has found “weaknesses” in the financial crime controls of six challenger banks, including a failure to check customers’ income and occupation. The Financial Conduct Authority (FCA) has not named the retail challenger banks, but said they were “relatively new to the market” and that combined they have more than eight million ... Read more ›
1
London-based fintech startup Pillar has raised £13m in pre-seed funding for its platform that gives immigrants access to credit when moving to a new country. The funding round was led by Global Founders Capital and Backed VC. Angel investors for the round include Wagestream co-founders Peter Briffet and Portman Wills. Pillar was founded to serve ... Read more ›
17
The UK’s financial watchdog has seized £2m from fintech firm QPay after it allegedly benefited from a $150m (£116.5m) payment fraud case in the US. QPay Europe Limited claims to be a fintech startup offering due diligence and underwriting services. The firm has consented to a court order for the Financial Conduct Authority (FCA) to ... Read more ›
19
Mark Mullen is the co-founder and CEO of Atom, a challenger bank that provides savings accounts, mortgages and loans to small and medium-sized enterprises (SMEs). Founded by Mullen and Anthony Thomson in 2013, the Durham-headquartered company was the first digital challenger bank to gain a full UK regulatory licence. Launched in 2016, the digital lender ... Read more ›
5
To avoid the most catastrophic effects of climate change, the global temperature increase of the Earth needs to be limited to 1.5°C above pre-industrial levels. Humanity’s fight against global warming will require a holistic approach to reach net-zero emissions by 2050. From electric vehicles to renewable energy, technology is playing an increasingly important role. The ... Read more ›
9
Early-stage venture capital firm Creator Fund has launched a $20m (£15.3m) fund to invest in university student founders creating “frontier technology” in areas such as quantum computing and robotics. The fund has historically invested in deeptech startups across the UK but is looking to expand across Europe, with the ambition to “be the partner for ... Read more ›
18
AI-powered customer service provider Futr has closed a £2.1m funding round for its machine learning live chatbot technology. The London startup provides businesses with an alternative to the traditional call centre customer service model with around the clock multilingual live chat. The chatbots use conversational AI to generate human-like responses and have an auto-translate feature ... Read more ›
12
The Bank of England has requested a budget expansion of £24m to help the institution keep track of new financial risks, including those related to cryptoassets. The Prudential Regulation Authority (PRA), an organisation within the central bank that oversees systemic financial risk management, said it will be expanding its workforce of more than 1,300 with ... Read more ›
35
Members of the UK’s clean tech community have criticised Shell over its plan to invest £25bn into green energy technologies and accused the oil and gas giant of “kicking the can down the road”. Last month, Shell said it will invest between £20bn and £25bn into the UK’s energy systems over the next decade. More ... Read more ›
2
The latest UKTN Podcast is out now. This week’s guest is Yorick Naeff, the CEO and co-founder of BUX, Europe’s fastest-growing neobroker. Founded in 2014, BUX provides retail investment services that lets consumers invest in stocks, exchange-traded funds (ETFs) and cryptocurrency. The European rival to Robinhood has raised just over $115m in funding, with $80m ... Read more ›
2
Most popular sources
Vox
|
0% |
MacRumors
|
0% |
The Information
|
0% |
The Verge
|
0% |
Engadget
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
21.06.2026 06:57
Last update: 06:51 EDT.
News rating updated: 13:51.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.