Trainline shares sunk as much as 15% in early London trade as the travel e-commerce firm warned it would have to compete with a new government superapp. The London-based business pointed to a clarification made by the government in its rail industry consultation published last month, in which it said it planned to combine the ... Read more ›
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While working in Singapore, I once openly challenged a fellow Western colleague during a business meeting. An hour later, we shared a friendly lunch as if nothing had happened. A Singaporean colleague was puzzled. “How can you two be so friendly after such a disagreement?” It highlighted an important cultural difference: Western management techniques like ... Read more ›
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Merx, the developer of a conversational AI tool for brand communications, has raised £1m as companies look to automation to meet customer demands. AI is increasingly being used in customer facing roles. From chatbots built into banking apps to AI-manned call centres to an automated hotel concierge, the allure of expanding customer support without scaling ... Read more ›
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Apple’s mobile browser is ‘holding back innovation’, the UK’s competition watchdog has warned in its latest Big Tech broadside. The Competition and Markets Authority (CMA) said the Californian firm’s Safari app determines what competing mobile browsers can do on iOS, the operating system of iPhones and iPads, limiting the extent to which competitors can differentiate ... Read more ›
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Spinout tech firms could see a funding boost as the investment arm insurance giant Aviva injects £15m into Oxford Science Enterprises. Oxford Science Enterprises, which invests in spinout companies via a partnership with the University of Oxford, will use the new capital to finance local startups as the government ramps up ambitions for growth in ... Read more ›
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The UK’s competition watchdog is to review its approach to merger decisions it responds to government pressure to be more pr-growth. The Competition and Markets Authority (CMA) said it will look at both process and how it can strike the right balance between different types of remedies, amid a wide-ranging call for evidence. Alongside this, ... Read more ›
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The UK payments regulator could be scrapped as the government doubles down on its commitment to slash red tape. City Minister Emma Reynolds said the government plans to bring the remit of the Payment Systems Regulator (PSR) into the Financial Conduct Authority (FCA). Writing to Dame Meg Hillier, chair of the Treasury Committee, Reynolds said ... Read more ›
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The founding CEO of Immersive Labs is to step down after eight years at the helm of the cybersecurity firm. 44-year-old James Hadly, who founded the Bristol-based business in 2017, will retain his board seat as he transitions to the new role of Chief Innovation Officer. He will be replaced by Mark Schmitz, the former ... Read more ›
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Mimo, an SME financial management and payments platform, has raised $8.5m (£6.6m) less than year after closing a £15.5m seed round. The new funding will support the development of Mimo’s business-to-business payments solution as well as expand its headcount. “We’ve been continually learning from these conversations to iterate and improve the platform to help both ... Read more ›
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The majority of the UK does not trust AI to provide healthcare support, research has found, underscoring the challenge facing the government as it pushes for the sector to adopt automated solutions. Less than a third (29%) of people in Britain would trust AI to provide basic healthcare advice, and just 15% would feel comfortable ... Read more ›
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The firm behind the world’s first quantum computing system-on-a-chip, is installing the UK’s first-of-its-kind cross-qubit scaling platform at the National Quantum Computing Centre (NQCC) in Oxfordshire, UKTN can reveal. SEEQC’s digital chip-based technology, powered by its Single Flux Quantum (SFQ) architecture, will power the core of the cross-qubit platform at NQCC’s Harwell Campus. SEEQC will ... Read more ›
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Cloud Gateway has secured a £1.5m investment as part of a strategic shift into the “network-as-a-service” (NaaS) market under new CEO Dan Kline. Kline has been appointed as chief executive to oversee Cloud Gateway’s expansion of its managed service provider (MSP) business into a full-service NaaS platform that will see its network infrastructure products be ... Read more ›
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The auditors for Curve have warned on the “material uncertainty” of its ability to continue operating over the next year as the firm battles to cut its losses. The London fintech has slashed its headcount by more than a third as well as suspending operations in the US in an effort to reduce cash burn. ... Read more ›
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The co-founder of ClearBank has stepped down as CEO after nine years at the helm of the London fintech. 63-year-old Charles McManus has stepped away from the day-to-day running of the organisation but will continue to support the business on the board as a non-executive director, the company said. He will also remain as co-chair ... Read more ›
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A new UK AI industry body backed by the University of Oxford and the British Standards Institution (BSI) has launched to support engineering and AI adoption. TechWorks-AI, which launched in the former HQ of Alan Turing’s codebreakers and site of the AI Safety Summit Bletchley Park, is an engineering hub that aims to support best ... Read more ›
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E-commerce business Boohoo is to rebrand to Debenhams Group after its transformation of the eponymous firm from a department store chain into an e-commerce business. The company said Debenhams’ turnaround plan, which saw it bought out of administration in 2021 with all its physical stores shut, would now serve as a “blueprint” for the rest ... Read more ›
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The projected $18.3 trillion in wealth to be transferred globally by 2030 is expected to be the largest intergenerational transfer of assets in history. However, this great wealth transfer brings with it a problem for families whose assets are tied up in their own businesses. There is a risk that the private market is not ... Read more ›
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This week’s podcast guest is Martin Woodward, who discusses how the benefits of open source culture still exist in a hyper-capitalist society, but tech has moved away from the idealism of early open source, what the future of software development might look like and way coders don’t necessarily have to be afraid that AI will ... Read more ›
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Recent contracts granted to the British space sector will deliver more than £1bn to the UK economy as figures released on Tuesday reveal a record quarter for the industry. Britain’s space sector had its most successful quarter on record at the end of 2024 for contracts secured from the European Space Agency. British companies received ... Read more ›
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Wayve, the UK’s most valuable autonomous vehicle company, has successfully tested its AI adaptive driving model in US streets in a major milestone towards a wider rollout of self-driving vehicles. The London-based group tested AV2.0, a foundational AI model it developed to allow autonomous vehicles to adapt to the driving behaviours of where it has ... Read more ›
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22.12.2025 07:04
Last update: 06:55 EDT.
News rating updated: 13:50.
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