Energy technology company Eqtec has put itself up for sale after warning of a shorter-than-expected cash runway. The company, which has seen its shares sink some 84% over the past twelve months, last year raised £1.6m from existing shareholders. But the firm, which now has less than $1m in cash resources, said “the current cash ... Read more ›
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Shares in Pod Point sunk as much as 40% in early market trade in London on Monday after the electric vehicle charging operator warned on ‘weakness’ in the EV market. The EDF-backed business said it expects its 2025 results to be below current market expectations amid the slump in demand for new cars. The company ... Read more ›
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Fundment has raised £45m in a Series C funding round to scale the platform’s offering and team, including product and engineering. The London-based business said the round was led by Highland Europe, including participation from ETFS Capital, and is subject to FCA approval. Founded in 2018 by experienced asset manager Ola Abdul who was previously with ... Read more ›
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For decades, trade unions held next to no sway in the UK’s tech sector, as an abundance of high-paying jobs and the freewheeling attitude of industry leaders kept their membership numbers low. But an increasingly rigid labour market coupled with the rise of AI has sparked greater concerns on job security – and union bosses ... Read more ›
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2025 has got off to a flying start for tech funding in the UK, with another packed week of deals, the most eye-catching of which was London-based Synthesia, celebrating crossing the $2bn valuation mark to become Britain’s top gen AI firm. UKTN tracked £160m worth of UK tech investment this week (11 January to 17 ... Read more ›
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Canary Wharf-based fintech Revolut has today introduced in-app calls for customers as the firm aims to increase the security of its accounts. The new feature targets impersonation scams in which criminals pretend to be a representative of a bank to gain access to sensitive details about their victim’s account, compromising their savings. The feature seeks ... Read more ›
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Mark Woolhouse is the CEO and Co-founder of Treble Peak, a private markets ecosystem that enables investors to diversify, wealth managers to connect and funds to gro In this week’s Founder in Five Q&A, Woolhouse discusses using technology to address climate challenges and the sluggish pace of innovation in the insurance industry. Which company’s growth story ... Read more ›
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Green fintech firm Tred is to shut down after four years, the firm’s co-founder said today, just four months after it received fresh investment from energy firm Ecotricity. The Leeds-based business, which offered current accounts that offset any carbon customer spending has emitted via a tree planting scheme in Scotland, said changes to rules on ... Read more ›
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Southampton-based cargo drone manufacturer Windracers has today unveiled the newest iteration of its self-flying cargo drone, the ULTRA MK2. The unmanned aerial vehicle will provide double the power output of its predecessor as well as a 50% increase in payload size. Windracers say that these new developments could help bring down fuel costs by up ... Read more ›
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Argo Blockchain has been warned it may be kicked out of the Nasdaq over its sinking share price. The London-based crypto miner, which also has a listing on the London Stock Exchange, has seen its stock tumble by more than 70% over the past twelve months. That has seen the company’s American Depositary Shares (“ADS”) ... Read more ›
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Websites that host pornography and other types of ‘harmful content’ will have to introduce checks that validate the age of their users by July, Ofcom has said, as it clamps down on online risks posed to children and teenagers. The media regulator, whose remit covers the internet, has said websites that host such content will ... Read more ›
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Shares in Trustpilot soared as much as 16% as markets opened in London on Thursday after the customer review platform said its earnings expectations were set to come in ahead of analyst consensus. The stock surge means Trustpilot’s shares have now more than doubled in the past year, making the company one of the best ... Read more ›
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Wise shares fell as much as 4% as markets opened in London after the fintech warned its underlying income growth was being hit by foreign exchange headwinds. The London-based business said it now expected its full-year income guidance to be at the bottom end of the 15-20% growth it had previously guided as a result. ... Read more ›
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Under the new AI Opportunities Action Plan, serial entrepreneur Matt Clifford has called for the creation of a group of ‘AI Growth Zones’ dotted across the UK to attract clusters of AI expertise, in which normal planning processes would be overturned in favour of a fast-track approval system. The first of these zones has already ... Read more ›
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A new AI hub in London encouraging collaboration between thousands of AI businesses and workers is set to be launched by Tech Nation in a bid to bring together the capital’s fast-growing AI cluster. The tech industry advocacy group, owned and operated by Brent Hoberman’s Founder’s Forum, announced the London AI Hub in collaboration with ... Read more ›
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Tens of thousands in the British tech sector gathered at London’s ExCel Centre in April for the opening of Amazon’s AWS Summit, the tech giant’s biggest event outside the US. As delegates took their seats in the vast main hall, AWS’s Europe chief, Tanuja Randery, arrived on stage to begin her introductory remarks. Or so ... Read more ›
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London-based Synthesia has raised $180m (£145.5m) in a Series D round making it the UK’s most valuable generative AI company, worth $2.1bn. The company, which generates human-like digital avatars primarily for corporate communications and training, has been an early leader in the UK’s burgeoning generative AI sector. Founded in 2017, Synthesia secured a unicorn valuation ... Read more ›
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Sixty years ago, celebrated science fiction writer Arthur C. Clarke predicted an “absolutely fantastic” future shaped by computers, intelligent machines, and interconnected systems. Many of his predictions—like the internet and remote working—have come to fruition, although not exactly as he imagined. AI, though undeniably advanced, is not yet sentient. Our government, quite rightly, believes that ... Read more ›
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London-based voice processing startup RocketPhone.ai has raised $10.5m to fund the continued development of its AI-powered platform. The startup hopes to commercialise its platform by launching a video analysis tool in the coming months. RocketPhone did not disclose the source of the funding, but said it did not include money from any venture capital firms. ... Read more ›
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The UK’s competition regulator is to begin an investigation of Google’s search services under new powers afforded to it by the digital markets competition regime. The Competition and Markets Authority (CMA) said it will examine whether the tech giant is unfairly using its market dominance in the UK, including: Whether Google is able to shape ... Read more ›
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10.03.2026 19:59
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