Australian property heavyweight REA Group, backed by Rupert Murdoch’s News Corp, is considering a £4.4 billion bid for Rightmove, the UK’s leading online property portal. REA Group, which is listed on the Australian Stock Exchange, operates prominent real estate platforms such as realestate.com.au in Australia, and extends its reach into markets across Asia, India, and […]
Sunswap, a pioneering UK clean-tech startup focused on decarbonising cold chain logistics, has secured £17.3 million in a funding round led by investment company BGF. The investment will accelerate the deployment of Sunswap’s innovative zero-emission transport refrigeration technology across the UK and Europe, marking a significant step forward in the effort to reduce carbon emissions […]
Waracle, the Scottish technology services company, has announced a significant new partnership with SP Energy Networks, a deal set to accelerate the digital transformation of the electricity network operator over the next three years. The multi-million-pound contract will see Waracle design and develop a streamlined digital customer experience, addressing the growing demand for network connections […]
Former Prime Minister Boris Johnson has engaged in informal discussions about a possible role at The Telegraph as part of Nadhim Zahawi’s bid to acquire the newspaper. Zahawi, who served as Chancellor under Johnson, is currently assembling a consortium to purchase The Telegraph in an ongoing auction process. A source close to Johnson downplayed the […]
PHINXT Robotics, an AI-driven robotics software company, has secured £2 million in an oversubscribed funding round to advance its innovative edge AI platform that simplifies and scales robotics automation in warehouses. The round was led by Sure Valley Ventures with participation from Ada Ventures, Heartfelt and Atlas Ventures. Founded in 2022, PHINXT Robotics is transforming […]
Evolve Business Group, a Wigan-based specialist in managed network and IT solutions, has received a multi-million-pound investment from BGF, a leading growth capital investor in the UK and Ireland. Founded in 2005, Evolve has built a solid reputation for helping businesses reduce costs and simplify service management across various sectors, including retail, hospitality, food-to-go (FTG), […]
GraphEnergyTech, a Cambridge spin-out pioneering alternative electrodes for solar panels, has secured £1 million in funding from an investment round led by Aramco Ventures, the venture capital arm of Saudi Aramco. The company has developed a novel conductive graphene ink for solar panel electrodes, offering a more sustainable and cost-effective alternative to the silver traditionally […]
Board Intelligence, a leading AI-driven firm enhancing boardroom performance, has sold a majority stake to Californian private equity house K1, valuing the London-based business at up to $300 million (£230 million). This significant investment will see multimillion-pound payouts to founders Jennifer Sundberg, 44, and Pippa Begg, 40. The founders plan to leverage K1’s investment to […]
Britain’s battery industry, once in decline, could see a resurgence with the introduction of locally produced lithium iron phosphate (LFP), a critical component in electric vehicle (EV) batteries. Behnam Hormozi, founder of Integrals Power, believes that producing a cleaner, higher-quality version of LFP in the UK could reduce dependence on Chinese imports and revitalise the […]
Guild Esports, the David Beckham-backed gaming group, is teetering on the brink of collapse less than four years after its high-profile listing on the London Stock Exchange. The company, which competes in video game tournaments for titles like Fortnite and Tekken, has warned shareholders of its dire financial straits, with only £25,000 left in its […]