The founder of EDX Medical has become the lead investor as it raised £3m to accelerate its work on diagnostic test. Professor Sir Chris Evans, who founded the Aquis-listed Medtech in 2021, has invested £740k into the round to acquire 5.3m shares, bringing the 67-year-old’s total stake in the company to 36.6%. Evans was joined ... Read more ›
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A fintech run by two east London gospel church preachers is to enter liquidation after racking up losses. Crosspay, which provided cross-border payment solutions for individuals and companies, has been instructed to be wound up by a court order, with Simons Muirhead Burton LLP appointed as liquidator. The court order followed a petition by creditor ... Read more ›
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The Bank of London has filed for a name change on Companies House as its accounts hurtle towards being six months overdue. The company, formally known as The Bank of London Group Holdings Limited, last week changed its name to Oplyse Holdings. The rationale behind the name change is not clear, though a search of ... Read more ›
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Qlarifi, a real time buy now pay later (BNPL) credit database startup has raised £1.4m as strict regulation of the payment type approaches. The Treasury said last October that legislation to tighten the regulatory burden on the BNPL industry would be coming in “early 2025”. And while there is currently no bill in place, extensive ... Read more ›
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The British government is injecting £9m into a semiconductor R&D facility in Scotland to boost the UK’s production capacity of critical chips. The development site, to be hosted in Inchinnan by the National Manufacturing Institute Scotland (NMIS), will provide an advanced packaging scale-upline for power electronic semiconductors to support faster chip production. NMIS said the ... Read more ›
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Full-fibre broadband is set to reach “almost all” homes and businesses by the end of 2027, the UK’s media and telecoms regulator has said, as it prepared to enter the “final phase” of the rollout of fibre optic connections. The UK has seen one of the fastest rates of roll out of full-fibre broadband in ... Read more ›
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British companies have a decade to shore up their digital defences to make way for a new wave of quantum-powered cyber attacks, the UK’s cybersecurity agency has warned. The National Cyber Security Centre (NCSC) – part of GCHQ – issued guidance on Thursday for organisations to prepare for and protect against upcoming threats posed by ... Read more ›
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Data has become a staple of doing business in the UK and beyond. A recent adage has declared it the new oil, and it’s not hard to see why. Data intelligence has been informing business decisions for years now, but as advancements in AI technology go further and further, the way companies can analyse and ... Read more ›
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Labour’s AI minister has accused the former Conservative government of turning public opinion against artificial intelligence by focusing on “doomsday scenarios”. Speaking to UKTN, Feryal Clark – the DSIT minister responsible for AI and cybersecurity – said that by concentrating on the “scariest stuff” in its communications regarding the technology, Rishi Sunak’s Conservative government took ... Read more ›
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Oxa has unveiled a tie-up with US chipmaker Nvidia to accelerate its plans for autonomous commercial vehicles. The Oxford-based startup said it plans to use Nvidia’s Cosmos foundation models to automate repetitive driving tasks by work vehicles, such as fixed-route shared passenger transportation, airport ground transportation, port and retail yard trailer/container shunting, asset monitoring, factory ... Read more ›
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AIM-listed casino gaming technology firm Nexteq faced a “challenging year” in 2024 after a handful of senior resignations left the new executive team to “restructure the business totally”. Speaking to UKTN, CEO Duncan Faithfull – who was promoted to the top job last August – acknowledged that the sudden exit of former chief executive Jon ... Read more ›
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Shares in location data firm 1Spatial were down as much as 10% on Wednesday morning as a trading update revealed delays have eaten into revenue. In an update for the year ending January 2025, 1Spatial said it had seen a “greater than expected decrease in services revenue” over the past year, largely due to delays ... Read more ›
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Shares in Softcat jumped as much as 12% in early London trade after the IT infrastructure supplier upgraded its full year earnings expectations. The Marlow-based business said it expects to deliver another year of double-digit gross profit growth in 2025, with operating profit growth now expected to be low double-digit, up from high single-digit previously. ... Read more ›
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One of the largest defence tech businesses in America , will open a factory and research and development (R&D) site in the UK as global tensions rise. Anduril, which develops drones, automated weapons systems, surveillance tech and robotics, primarily for the US military, said the new site will act as its European headquarters. The Californian ... Read more ›
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The recent launch of the Chinese AI model DeepSeek-V3 caused alarm in tech circles, suggesting China was months closer to achieving artificial general intelligence than had been previously thought. Tech stocks tumbled and President Trump described it as a “wake-up call” for America’s AI industry. More intriguingly, however, is this month’s comparatively quiet debut of ... Read more ›
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What innovations are taking place in the payments space and how is this changing the customer experience? UKTN sat down with Guavapay’s Javid Mahmudzade to find out. As the Chief Technology Officer at Guavapay, Javid plays a pivotal role in driving the company’s technological innovation and shaping its digital-first approach to global payment solutions. What ... Read more ›
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Leeds startup Eventum Orthopaedics has secured a £3.8m follow-on investment in support of its flagship device to support knee surgeries. The West Yorkshire-based medtech has built QuadSense, a device that provides surgeons with real-time data on the condition and position of patients’ kneecaps replacement during operations. Having secured regulatory approval for the device and deployed it ... Read more ›
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Chancellor Rachel Reeves has invited key members of the financial services sector to help shape the rules governing a new Digital Gilt Instrument in a bid to modernise the British bond market. Reeves today hosted a breakfast with the bosses of Revolut, ClearBank, Zilch and Wise, among others, to explore the potential of the new ... Read more ›
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Bioniq has scored a second investment from a star footballer as the London-based health tech group accelerates its growth. The firm has courted Manchester United defender Diogo Dalot, who joins fellow Portuguese footballer and ex-United striker Cristiano Ronaldo among its latest shareholders. Dalot, who plays in the full-back position for United and the Portuguese national ... Read more ›
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Almost half (44%) of all new data centres in the UK are expected to be dedicated to AI workloads over the next five years, new figures suggest, in the latest sign of a surge in the compute demands of the technology. Britain is expected to massively scale its data centre capabilities, with the prime minister ... Read more ›
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10.03.2026 12:17
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