Sir Len Blavatnik, Britain’s second-richest man, has injected an additional $827 million into DAZN — the self-styled “Netflix of sports” — despite the London-based streaming service recording widening losses. The billionaire’s latest funding, delivered in 2023 through his investment group Access Industries, brings his total backing for DAZN to more than $6.7 billion since its […]
Simon Swan, co-founder of Manchester-based digital recruitment platform Hiring Hub, has announced he is leaving the company after 14 years. Swan launched the firm in 2011 to connect businesses with specialist recruitment agencies, helping them find top-tier talent in a rapidly evolving jobs market. Speaking on LinkedIn, Swan described his departure as both “exciting” and […]
A new government-backed train ticket retailer is to be launched online, the Department for Transport (DfT) has announced, with the aim of consolidating UK rail fares into a single digital platform. However, the service will only go live once Great British Railways (GBR) — the new body charged with running the UK’s rail network — […]
HM Revenue & Customs is ramping up its scrutiny of “side hustle” earnings, requiring online platforms such as eBay, Vinted and Airbnb to submit information on users’ incomes for 2024 by the end of this month. However, concerns have been raised that the discrepancy between the UK tax year (April to April) and the OECD’s […]
Sara Davies, the Dragons’ Den entrepreneur, is set to regain control of Crafter’s Companion, the craft supply business she founded, through a fast-tracked pre-pack insolvency deal. The company, which gained international acclaim for its paper craft, art, and sewing products, filed a notice of intention to appoint administrators at the High Court following a fall […]
Emma Watson’s premium gin venture Renais has raised nearly £5 million to speed up its global expansion, building on its reputation for sustainable production and strong international demand. Co-founded by the Harry Potter star and her brother, Alex Watson, the Dorset-distilled gin uses grapes sourced from the Burgundy region, including a small proportion from the […]
Tide, the fast-growing SME-focused banking services platform, is lining up a fresh share sale valued at more than £50m as it expands its presence in the UK and abroad. The company is understood to be in discussions with investment banks, including Morgan Stanley, about overseeing the primary fundraising in the coming months. Sources say the […]
Fuel Ventures, one of the UK’s most prominent venture capital funds, has announced the closure of a £20 million investment round backed by key Chinese investors, including the Shijingshan Industrial Fund and Zhongguancun Development Group. The deal underscores the UK’s appeal as an emerging destination for Asian capital and sets the stage for deeper collaboration […]
A pioneering London-based electric taxi firm has secured a £1.6 million asset refinance deal, strengthening its position in the capital’s rapidly evolving green transport sector and setting the stage for major growth. Sherbet Electric Taxi Company, which has fully decarbonised its fleet of London black cabs, will use the funding to pursue strategic mergers and […]
Padel Social Club (PSC) has welcomed Brit Award-winning, multi-platinum artist Stormzy as its newest investor, a move that underscores PSC’s growing influence in the UK’s emerging padel landscape. Stormzy’s support amplifies the club’s mission to popularise the sport and foster a dynamic community around it. The partnership comes at a pivotal time for PSC, as […]