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      Business Spend Pulse: UK firms slash consulting spend amid rising AI adoption

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Business Update

  • eClerx Unifies AI Leadership to Deliver Outcome-Driven Results at Enterprise Scale

    May 20, 2026

    eClerx Services Ltd (ECLERX.NS), a global leader in AI-powered analytics, digital operations, and business process management, today announced the formation of a unified AI organization to accelerate its enterprise AI strategy. John Flowers, former Head of BFSI at eClerx, will lead this new organization in partnership with Dr. Sanjay Kukreja, Chief Technology Officer, bringing together [...]

  • Scottish Startup Tripster Launches With Aim to Reinvent Accommodation Management Model

    May 20, 2026

    Dundee-founded startup launches fixed-fee, white-label accommodation management platform for hospitality operators White-label approach allows businesses to retain their own branding and guest experience while outsourcing backend operations Built for estates, boutique hotels, guest houses and portfolio operators managing multiple properties

  • STARTEEPO Invest Announces 5% Stake in Xerox Holdings Corporation

    May 15, 2026

    STARTEEPO Invest (“STARTEEPO”), an alternative investment fund focused on public equity opportunities, today announced that it has acquired a significant ownership position in Xerox Holdings Corporation (“Xerox” or the “Company”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260515594020/en/ As of the date of this release, STARTEEPO and its affiliates beneficially owns 6.6 [...]

  • AS Graanul Invest Appoints Energy Industry Veteran Lars Christian Bacher as Chief Executive Officer

    May 14, 2026

    AS Graanul Invest (“Graanul” or the “Company”), Europe’s largest producer of sustainable wood pellets used for electricity and heat production, today announces energy industry veteran Lars Christian Bacher will be joining the business as Chief Executive Officer, effective 18 May. Bacher will drive the Company’s growth across Europe as Graanul doubles down on its strategy [...]

  • Eighteen48 Partners Announces First Close of Eighteen48 Private Equity Fund I at €175 million

    May 14, 2026

    Eighteen48 Partners today announced the first close of Eighteen48 Private Equity Fund I (the “Fund”) at €175 million. The Fund, which is targeting €350 million, is focused on European middle-market buyout transactions sourced through Independent Sponsors. Since 2020 Eighteen48 Partners have deployed more than €200 million into this strategy, which aims to provide investors with [...]

  • Mr Kipling’s ‘biggest ever year’ bakes in sweet-looking profit at Premier Foods

    May 14, 2026

    The owner of some of the UK’s best loved and most famous food brands hailed standout performer Mr Kipling, on Thursday which helped Premier Foods eat City profit forecasts for lunch. Mr Kipling – the brand behind the “exceedingly good cakes” tagline, in use continually since 1967, when the range made its debut – had its [...]

  • Lansdowne Partners launches VC fund to scale UK innovation to global commercial success

    May 14, 2026

    Lansdowne Partners has launched a venture capital fund focused on backing high potential UK companies emerging from the country’s world class university research base and start up ecosystem. The fund announces a first close of $150 million and will hold a second and final close in December, with indicated interest in excess of the fund [...]

  • Costar Data Shows Big Six Q1 Office Investment Volumes at Their Highest Since 2018

    May 13, 2026

    The Big Six office investments reached an eight-year high in the first quarter of 2026, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513435468/en/ Investors spent £485m across Birmingham, Bristol, Edinburgh, Glasgow, [...]

  • Multi-Color Corporation Successfully Completes Comprehensive Financial Restructuring

    May 12, 2026

    Company Emerges Stronger, Well-Positioned to Execute Long-Term Strategy With Significantly Deleveraged Balance Sheet

  • Poundstretcher seeks rent cuts in survival bid

    May 7, 2026

    Discount retailer Poundstretcher is set to be restructured by its owner, Fortress Investment Group, to reduce property-related overheads and avoid closure.  The plan will see the retail chain, which operates 298 stores in the UK, stabilise a “substantial fall in turnover” and rising leasehold costs, the Insolvency and Companies Court heard today.  In the High [...]

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