UK optical chip company Optalysys bags £21m in funding for ‘groundbreaking’ encryption tech July 17, 2023 A UK chip designer has secured £21m in a Series A round of investment as it looks to enhance its “groundbreaking” data-sharing security that could pave the way for new levels of encryption able to defend users even from quantum computer-using hackers. Leeds-based Optalysys has secured the funding led by investment companies Lingotto and Northern [...]
California holidays: Why Monterey, Paso Robles and Santa Barbara make the perfect road trip July 17, 2023 There’s more to California than Los Angeles and San Francisco – try Monterey, Paso Robles and Santa Barbara, says Richard Franks America is the land of the road trip, and its Pacific Highway is up there with its most iconic. Hugging some 656 miles of rugged Californian coast between San Francisco and San Diego, the [...]
Post Office scandal: Government urged to sort compensation delays for victims July 17, 2023 Sir Wyn Williams, chair of the Post Office Horizon IT inquiry, has called on the government to address compensation issues faced by sub-postmasters affected by the scandal. In an interim report presented to parliament today, Williams recommended legislative changes and stronger support for the Horizon Compensation Advisory Board. He brought forward the investigation of compensation [...]
Oliver Bonas: Boss says Brexit ‘teething problems’ holding back Irish expansion July 17, 2023 The founder of homeware store Oliver Bonas has complained of the “teething problems” related to Brexit, which is making it difficult to grow his brand in Ireland. Olly Tress told The Times that the firm’s expansion plans in the country are “oven ready,” but the fallout from Brexit has made it “hard and expensive to [...]
Goldman Sachs has a ‘culture of bullying’ according to ex recruitment chief July 17, 2023 Goldman Sachs has been accused of having a “culture of bullying” by a former recruitment executive in the latest example of banks taking flack for their intense work culture. According to The Daily Telegraph, Ian Dodd, who worked for the American banking giant in London between 2018 and 2021, claimed that staff often sobbed through [...]
Citi’s European boss says London has not been diminished by Brexit July 17, 2023 Citigroup’s European head has said that Brexit has not impacted the City anywhere near as much as experts predicted. In an interview with The Daily Telegraph, David Livingstone, Citi’s Europe, Middle East and Africa boss, said the City has “not been diminished” by Brexit, despite attempts by the EU to attract more firms to the [...]
Crypto markets idle following last week’s flurry of trading activity July 17, 2023 Bitcoin is trading below $30,300 this morning, moving sideways along with the majority of other crypto markets.
Tortilla Mexican Grill: Revenues surge by over a fifth after expansion July 17, 2023 Tortilla Mexican Grill raked in revenues of £32.7m during the first leg of the year, up 22 per cent compared to the same period last year, off the back of a string of new site openings. The fast-casual restaurant chain was bolstered by new openings and growing demand, saying like for like revenue also grew [...]
Royal Mail scoops five year deal for delivery of passports, visas and travel docs July 17, 2023 Royal Mail has won a five-year contract for the collection and delivery of passports and supporting documents including UK Visas and Immigration (UKVI) travel documents. The contract also includes the delivery of internal mail between HM Passport Office offices and other Government offices. Royal Mail will also be working with the General Register Office on [...]
Sofa so good! DFS reaches record market share as it navigates cost of living crisis July 17, 2023 DFS recorded a four per cent decline in gross sales compared to last year as the sofa giant warns of “significantly worse” market activity during the cost of living crisis. The news comes as earlier this year DFS downgraded its profit expectations to between £30m and £35m, slashing it by nearly half on the £60.3m [...]