The recent cyber breach against M&S has cost the retailer £300m off of its 2025/26 operating profit, according to a trading update from the firm. In its results for the year ended March 2025, M&S said it had been working “around the clock” with its suppliers to contain the incident and stabilise operations. According to ... Read more ›
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Rivan, a London-based startup developing synthetic fuel technology to support energy security, has raised £10m in a round led by Ian Hogarth’s Plural. The company designs and manufactures modular synthetic fuel plants powered by off-grid solar energy. Its first priority is developing synthetic natural gas (SNG) to address the 22% of global emissions that come ... Read more ›
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Zoe, a wellness startup backed by Steven Bartlett, has had an online ad banned by regulators for the second time. The Facebook advert for nutrition app Zoe’s food supplements included an endorsement from the Diary of a CEO host stating: “This is a supplement revolution. No ultra-processed pills, no shakes, just real food.” The ad ... Read more ›
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CurveBlock, a UK-based proptech startup pioneering carbon-zero housing and real estate tokenisation, has been approved to join the UK’s Digital Securities Sandbox (DSS). CurveBlock has become the ninth company to enter the DSS and the first to focus on real estate development fund tokenisation, a sector that analysts predict could unlock trillions in new investment. ... Read more ›
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QuantumLight, the venture capital firm founded by Revolut boss Nikolay Storonsky, has closed its inaugural investment fund, worth $250m (£187.4m). Launched in 2023, QuantumLight targets startups across AI, Web3, fintech, SaaS and health tech. The VC group assesses investments through a proprietary AI model, called Aleph, which it claims can identify outlier founders of growth-stage ... Read more ›
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Enterprise software firm Sage has unveiled major enhancements to bring AI-driven insights, automation and connectivity to Sage 50 customers in the UK. The improvements include faster sourcing of reports using natural language AI, which will also be able to quickly generate a company’s cash flow, transaction and sales summaries. In addition, AI-powered data extraction and ... Read more ›
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Private equity and venture capital interest in healthtech has surged and activity shows no sign of abating this year. But some investors are learning the hard way that a glossy pitch deck and polished paperwork are not enough to secure funding, especially when a company’s value hinges on access to sensitive health data, such as biometric ... Read more ›
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UK water regulator Ofwat has awarded £42.7m in funding across 16 projects from firms developing technology supporting the sector as part of the group’s Water Breakthrough Challenge. The projects funded include Smart Skies, Healthy Waters, a plan to use automated drones, robotics and sampling to improve coastal water monitoring and SandSCAPE, a collaboration between four ... Read more ›
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Butternut Box, a company that produces fresh dog food, has secured a debt financing facility of €75m+ (£63m+) from AI-driven private credit firm Liquidity. The funding is set to enable Butternut Box to solidify its position in Europe with the development of a second manufacturing facility in Poland. The London-based firm was founded in 2016, ... Read more ›
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UK Research and Innovation (UKRI), Britain’s national scientific funding agency, has been targeted by 5.4 million cyber-attacks already this year, a 600% on the previous year. Official figures disclosed from an FOI request from the Express revealed that UKRI, the largest public research funder in the country, in the first four months of 2025 saw ... Read more ›
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Senior managers are leading the charge when it comes to adopting and integrating AI in the UK, new research has revealed. The majority (57%) of senior managers are already actively using AI in their work, compared with 45% of employees, according to a survey of more than 3,000 workers across different levels of seniority conducted ... Read more ›
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FinLLM, a British-made generative AI model for the financial services sector backed by Lloyds and Nationwide, has launched. Developed by Scottish group Aveni, the financial large language model has been trained on the UK’s stringent regulatory compliance, safety and performance requirements. According to Aveni, FinLLM works similarly to existing AI chatbot tools like ChatGPT and ... Read more ›
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This week’s podcast guest is Sam Nasrolahi, principal at InMotion Ventures, who discusses the difference between corporate investment arms and standard venture capital, why UK companies often don’t scale up in Britain and the impact of the turbulent tariff policies in the United States. InMotion Ventures is the investment arm of British automotive group Jaguar ... Read more ›
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The Sidemen, a group of British YouTubers with a combined following of over 150 million, have launched a new venture capital firm targeting consumer tech startups. The new firm, known as Upside, will aim to find up-and-coming consumer tech firms to invest in and promote across the group’s popular social channels. The firm has already made ... Read more ›
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At a time when software can be developed faster than ever, a panel of tech leaders made a strong case for rethinking how we define success in product delivery. Their message was clear: traditional frameworks and outdated KPIs are no longer enough — what matters now is impact. The conversation centred around a shared frustration: ... Read more ›
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Details of the Private Intermittent Securities and Capital Exchange System (PISCES) has now been unveiled. Now under a month until launch, this is what UK tech needs to know about the new investment framework. What is PISCES? PISCES is a framework developed by UK financial regulators as an IPO-alternative for companies to openly offer shares ... Read more ›
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Global fintech Revolut has unveiled a new Western Europe HQ in Paris, aligned with its application for a French banking licence to support regional growth. The firm made the announcement as part of today’s Choose France Summit, and as part of its expansion, the company is set to invest more than €1bn in the region ... Read more ›
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Artificial intelligence has become the UK’s largest and fastest developing skills gap in 15 years, according to new research. AI has jumped from the fifth most scarce technological skill in the UK to the top in just 18 months, according to the Nash Squared/Harvey Nash report. The report’s survey of UK tech leaders found that ... Read more ›
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The Department for Science, Innovation and Technology (DSIT) will unveil a new 10-year research and development budget to provide long-term certainty to researchers and industry. R&D budgets have traditionally been set annually, which has been a source of criticism from the tech industry and research teams who struggle to make long-term plans and investments without ... Read more ›
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This week’s UK tech funding deals include CRM provider Ascendx, satellite manufacturer Space Forge and more. UKTN tracked £230.8m worth of UK tech investment this week (12 May to 16 May), a 291% week-on-week increase across 10 funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Ascendx – £83m Sector: SaaS HQ: London Round: Early ... Read more ›
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16.06.2026 11:31
Last update: 11:25 EDT.
News rating updated: 18:22.
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