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, […]
Unions are calling on the UK government to inject £200 million into British Steel, in a last-ditch attempt to keep its two blast furnaces in Scunthorpe running until electric arc replacements can be brought online. The trade union Community warns that without additional support, the rapid shutdown of Scunthorpe’s coal-fuelled blast furnaces could spark nearly […]
Lloyds Banking Group has posted a 20 per cent drop in annual pre-tax profits for 2024, missing City forecasts amid rising costs and one-off charges linked to the ongoing motor finance commission scandal. The FTSE 100 lender recorded profits of £5.97 billion last year, down from £7.5 billion in 2023 and below analyst expectations of […]
Small businesses across the UK are urging the government to scale back its proposed Employment Rights Bill, warning that sweeping changes could hamper hiring and trigger widespread job losses. The Federation of Small Businesses (FSB), which represents thousands of employers nationwide, claims the plans — including expanded grounds for unfair dismissal and automatic sick pay […]
Senior City of London bankers have urged Chancellor Rachel Reeves to soften plans for abolishing non-domiciled tax status, claiming the policy is prompting high-earning foreign workers to relocate. At a breakfast meeting in No 11, representatives from major financial services firms, including BlackRock, Schroders, Citigroup, Goldman Sachs, JPMorgan Chase and Morgan Stanley, raised concerns over […]
Turning your smartphone interface darker might not preserve battery power after all. Despite long-held beliefs that “dark mode” extends battery life — particularly on phones equipped with power-saving OLED screens — a new BBC study has found that most users compensate by pushing their brightness levels higher, effectively negating any energy gains. According to the […]