Shares in Oxford Nanopore sunk as much as 12% in early trade as the biotech business warned of the potential knock to sales of a cut in US federal funding. The London-listed firm, based in the Oxford Science Park, said there “remains material uncertainty and risk” to funding to the US National Institutes of Health ... Read more ›
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This week’s podcast guest is Susan Taylor Martin, the CEO of the British Standards Institution, who discusses the need to offer businesses meaningful standards of how to use AI ahead of any binding legislation and the unenviable challenge of coordinating AI regulation across international borders and changing administrations. The British Standards Institution (BSI) is a ... Read more ›
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Crypto criminal Olumide Osunkoya has been sentenced to four years in prison in a landmark UK conviction for the illegal operation of cryptourrency ATMs. The 46-year-old, who pleaded guilty last September in Southwark Crown Court, has been sentenced for operating crypto ATMs – physical kiosks used to buy and sell cryptoassets – at 28 different ... Read more ›
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Shares in Argo Blockchain jumped as much as 16% in early trade on Monday as the London-listed cryptocurrency miner said it had secured $40m in debt financing. The initial tranche of the Financing would be $15m with follow on tranches of up to $25m advanced over the next 18 months, the firm said. The proceeds ... Read more ›
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Autonomous driving software group Wayve is pushing ahead with what its CEO called a “year of global expansion” as it sets up shop in Germany. Wayve, one of the UK’s largest AI companies with a valuation of $3bn, is launching an on-road testing and development hub in Stuttgart, securing a base in one of the ... Read more ›
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Here are eight words that could prove transformative for the UK tech sector: The private intermittent securities and capital exchange system. It’s a bit of a mouthful. But this system – PISCES for short — could make it much easier for fast-growing firms to find investors. Legislation is set to appear in May with a ... Read more ›
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Pearson is doubling down on its generative AI integration as it posts a slight bump in its pre-tax profit for 2024. The education company reported a profit of £510m for 2024, a 3% increase from the year before. Pearson said the continued roll out of new AI innovations across its portfolio of education products remained ... Read more ›
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This week’s UK tech funding deals include credit score provider ClearScore, AI logistics startup Relay and more. UKTN tracked £95.6m worth of UK tech investment this week (24 February to 28 February), a 22% week-on-week decrease across seven funding rounds. Here’s your weekly roundup of UK tech startup funding deals. ClearScore – £30m Sector: Fintech ... Read more ›
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International Women’s Day next week will be marked against the backdrop of a new US administration committed to removing gender equity aspirations (amongst others) from its federal policy. And corporations across the globe are tripping over themselves to follow suit – whether it’s Mark Zuckerberg lamenting the supposed lack of ‘masculine energy’ in the tech ... Read more ›
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Edd Read is the co-founder of Graze, a snack box subscription business, and Tiney, an edtech and childcare platform. In this week’s Founder in Five Q&A, Read discusses why founders need to know when to pass on the chief executive torch, the importance of a paper notebook and why few people actually understand the blockchain. What ... Read more ›
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UK universities are world-renowned for their academic excellence and quality of research, with over 15 British institutions ranking in the top 100 universities globally. From gene sequencing to quantum computing and nuclear fusion, university research departments are at the forefront of technological innovation, producing companies with the potential to not only reshape industries, but radically ... Read more ›
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This February, London & Partners’ international trade programme, Grow London Global, launched its sixth cohort in less than two years – having already supported more than 500 of the UK’s most innovative tech companies, and achieving international business wins worth more than £428m since 2023. The programme’s mission is to take some of the best ... Read more ›
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Plans to build a private stock market to give more firms access to liquidity have attracted “global interest”, the boss of the London Stock Exchange has said. LSEG CEO David Schwimmer said the new market, known as PISCES, would be “a great opportunity for investors to get access to private assets.” “We’ve had a lot ... Read more ›
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Ocado shares dropped as much as 16% on Thursday after the company posted a pre-tax loss for the year of £379.3m and admitted job cuts were coming. In a media conference, Ocado leadership said it was making good progress towards its goal of being cash positive by 2026, but warned cost reductions, including redundancies would ... Read more ›
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Ian Hogarth and Taavet Hinrikus’ Plural VC has led a $35m (£27.6m) round in ecommerce logistics startup Relay. The new capital will be used by the company to build out its AI and machine learning capabilities as it aims to reduce costs in online shopping delivery. Retailers lose over $18bn a year in potential sales ... Read more ›
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Britain’s climate tech ecosystem is one of the best-funded in the world, underscoring the sector’s growing importance. In 2023, investor appetite for British climate tech surged, with climate tech startups receiving around 29% of total UK VC investments received in 2023. London in particular has shined globally in recent years, with its climate tech startups ... Read more ›
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Growth is the watchword of this Labour government. Practically every policy decision, from the AI Opportunities Action Plan, to the designation of data centres as ‘critical national infrastructure’, has been made in the interest of growing the UK’s economy. As well as supporting Britain’s homegrown tech companies, this means attracting investment and support from the ... Read more ›
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Magdrive has secured a $10.5m (£8.3m) seed funding round as it gears up for its first in-orbit tests. The Oxfordshire-based spacecraft startup is developing space propulsion technology and plans to conduct its first tests of the new Magdrive Rogue thruster in a launch in June in collaboration with D-Orbit. Magdrive aims to scale its propulsion ... Read more ›
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The UK’s intellectual property agency must reform how it treats patents for emerging technologies like quantum and AI to prevent unfair rejections, according to an IP law firm. Dr Edd Cavanna, a partner at Mathys & Squire, said the Intellectual Property Office (IPO) risked preventing patents for new nascent technologies due to its “outdated” rules ... Read more ›
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Aurrigo has reported a jump in revenues as the AIM-listed firm saw a surge in demand for its airside technology. In a full year trading update, the Coventry-based autonomous vehicle technology provider said its 2024 financial results, expected to be released in May, were set to show an adjusted EBITDA loss of £1.9m, 40% ... Read more ›
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10.03.2026 15:16
Last update: 15:10 EDT.
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