Gold prices surged to a record high this week, capping the strongest quarterly rally in nearly three decades, as investors seek protection from mounting global economic uncertainty fuelled by President Trump’s aggressive US trade tariffs. On Tuesday, the precious metal climbed another 1.2 per cent to $3,120.20 per ounce, setting a new all-time high. Gold […]
Frasers Group has voted to block Boohoo’s attempt to change its holding company name to Debenhams, escalating a long-running feud between the UK retail giants. The move, led by Mike Ashley’s group, which owns a 27 per cent stake in Boohoo, effectively prevented the resolution from passing at a general meeting on Friday. The motion […]
WH Smith, one of the UK’s oldest and most recognisable retail brands, is set to vanish from the high street after 233 years following the sale of its high street division to Modella Capital for £76 million. The historic books and stationery chain, established in 1792, has sold its entire portfolio of 480 UK high […]
Polaron, a spin-out from Imperial College London, has developed a groundbreaking AI solution that reduces the time needed to create advanced materials—from years to mere days. This innovation could transform the production of materials used in wind turbines, electric vehicle batteries, and infrastructure, supporting the UK’s push for economic growth and net-zero targets. Polaron’s AI […]
Bernie Ecclestone has achieved a record-breaking sale with the disposal of his renowned fleet of historic grand prix and Formula One cars, believed to be worth around half a billion pounds. The 94-year-old former Formula One supremo, who amassed these vehicles over five decades, sold the entire 69-car collection to Mark Mateschitz, son of the […]
Cashflow management platform Lenkie has announced £49 million in fresh Series A funding—comprising £4 million in equity and a £45 million debt facility—to boost its payables financing solution for UK SMEs. Led by a major US private credit fund, the round aims to tackle a reported £22 billion shortfall in UK SME funding as banks […]
Seedable Studio, a Cardiff-based digital solutions company, has officially launched with £100,000 in seed funding from investors David Jones (the originator of Grand Theft Auto) and Stuart Little, a net-zero entrepreneur. The investment will fuel the company’s main focus: developing sustainable digital products with gamification elements. Led by Lowri Humberstone-Hill, Melin Edomwonyi and Perry Rylance, […]
Sky Media has confirmed that its Sky Zero Footprint Fund will be back in 2025 with an expanded format designed to create meaningful environmental progress through advertising. After taking a year’s break to refine the initiative, the advertising arm of Sky is once again offering £2 million in media support to brands and organisations at […]
Twin Path Ventures, the UK’s leading pre-seed investor in AI-first start-ups, has received a £10 million commitment from British Business Investments. The agreement, spread over the next three years, is designed to expand Twin Path’s capacity to nurture emerging tech founders across all UK regions. Led by partners John Spindler, Nick Slater, and Katie Lockwood, […]
Mira Murati, once the chief technology officer of OpenAI during the development of ChatGPT, has unveiled a new venture — Thinking Machines Lab — with an initial team of about 30 researchers and engineers. Notably, the group includes several former OpenAI colleagues and hires from Character.AI and Google DeepMind. Among the recruits are John Schulman, […]