Raspberry Pi, the UK-based maker of affordable microcomputers, has reported stronger-than-expected profits in its first financial update since going public on the London Stock Exchange in June. The company, which raised £178.9 million through its initial public offering and joined the FTSE 250, saw year-on-year sales jump 61% to $144 million in the six months […]
Trinny Woodall’s beauty brand, Trinny London, has secured a £15 million funding boost from Aurelius Finance Company (AFC), a private debt provider, as part of its ambitious growth strategy. Founded in 2017, Trinny London has grown into a successful direct-to-consumer business, specialising in premium skincare and make-up. This fresh injection of capital will support the […]
BlackRock has announced a partnership with Microsoft to create a fund targeting up to $100 billion in investments to build the infrastructure needed to support the rapid expansion of artificial intelligence (AI). The Global AI Infrastructure Investment Partnership aims to attract $30 billion in private equity capital from investors, corporates, and asset owners, with the […]
Topshop and Topman, once among the UK’s most iconic clothing brands, are set for a comeback as their website is relaunched following ASOS’s sale of a majority stake in the brands for £135 million. Danish clothing group Heartland, the parent company of Bestseller, will hold a 75% stake in the joint venture, while ASOS will […]
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), […]