Paddle has been accused of violating consumer protection laws as the London fintech reported a jump in losses. The London fintech said it had received a draft civil complaint and proposed settlement offer from a government agency alleging violations of consumer protection laws in connection with its oversight of two third-party software suppliers from September ... Read more ›
0
It seems a lifetime ago that a rapid grocery delivery startup could pull in staggering investments to secure a billion-pound valuation months after launch. As it turns out, it was less than five years ago – which is not unlike a lifetime in tech. The Covid-fuelled era of low interest rates and a sudden need ... Read more ›
0
This week’s UK tech funding deals include inflammatory disease treatment developer Maxion Therapeutics, surgical device firm Eventum Orthapaedics and more. UKTN tracked £67m worth of UK tech investment this week (17 March to 21 March), a 9% week-on-week decrease across five funding rounds. Here’s your weekly roundup of UK tech startup funding deals. Maxion Therapeutics ... Read more ›
0
One of the UK’s biggest IT suppliers has said it’s in “active” M&A discussions after posting a more than doubling of profits. Bellshill-based Kick ICT, which offers IT solutions and network infrastructure services, recently acquired Microsoft Dynamics specialist C2 Software for an undisclosed fee, representing the firm’s ninth acquisition in eight years. “M&A continues to ... Read more ›
0
An investor specialising in early-stage medtech startups, has secured £27m towards its targeted £50m fund. All-female general partner-led THENA Capital will target British startups developing digital healthcare solutions and medical devices. “The UK is a key player in the global medical landscape generating game changing innovations,’ said THENA Capital co-founder and general partner Esther Reynal ... Read more ›
0
Green VC firm Elbow Beach has secured £63m in the first close of its new £80m climate impact fund. Elbow Beach aims to back up to 36 early-stage British startups via the fund over the next four years, with a focus on technology enabling industries to transition to cost-effective low carbon operations. The firm will ... Read more ›
0
Britain once led the world in industry. We invented the steam engine, built the railway, and pioneered the assembly line – British innovations that shaped the modern world and helped us win the Second World War. But the Industrial Revolution wasn’t just about machines. It transformed lives, creating jobs that powered Britain’s rise. And it ... Read more ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
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 ›
0
Most popular sources
Tech Wire Asia
|
0% |
CNET
|
0% |
ReadWrite
|
0% |
ScienceDaily
|
0% |
Tech.eu
|
0% |
| View sources » | |
LIKE us on Facebook so you won't miss the most important news of the day!
14.05.2026 17:09
Last update: 17:01 EDT.
News rating updated: 00:02.
What is Times42?
Times42 brings you the most popular news from tech news portals in real-time chart.
Read about us in FAQ section.