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      Modella pulls out of race to buy Poundland

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Tech

  • TikTok wants you to stop doomscrolling (on its own app)

    November 19, 2025

    TikTok has spent years perfecting the dark art of keeping you glued to your phone, but now it wants to help you put the phone down. In a move that feels almost existential, the company announced on Wednesday the rollout of a new so-called ‘Time and Well‑Being’ centre designed to help people step away from [...]

  • etn: Meet Europe’s answer to the live tech pod

    November 19, 2025

    As the podcast market continues to gain traction and the tech sector swells, two young London-based operators, former startup operator Ronan Chambers and ex-investment associate Luke Knight, have launched a counter-offensive. Their venture, the European Technology Network (etn), takes the form of a live-streaming video podcast, built as the continent’s answer to the new media [...]

  • HP pursues Lynch estate for £1.35bn as tech giant forks out £150m in legal bills

    November 18, 2025

    The High Court heard that the estate of British technology tycoon Mike Lynch should be liable to pay more than £1.35bn to Hewlett-Packard (HP) over fraud linked to the sale of Autonomy. Lynch, who founded software firm Autonomy in 1996, sold it to HP in 2012 for $11.1bn, but after a bust-up over allegations of [...]

  • Yoti revenue surges amid boost from Online Safety Act rules

    November 18, 2025

    Yoti has seen a surge in revenue as the identity verification business was boosted by fresh rules introduced under the Online Safety Act. The London-based business posted a 55 per cent rise in turnover to £20.3m for the year to end March, according to accounts filed with Companies House. “Regulatory issues are central to the [...]

  • Cloudflare outage takes X, ChatGPT and other major sites offline

    November 18, 2025

    A major Cloudflare outage has triggered a global internet disruption, knocking offline some of the world’s most heavily used websites. The likes of X, ChatGPT, Canva and major online services have gone dark, in what has quickly become one of the largest internet failures of the year. The issue began on Tuesday morning and escalated [...]

  • Reeves’ Budget tax rumours threaten UK tech

    November 18, 2025

    The UK’s tech sector is facing a critical moment ahead of the Autumn Budget. Rumoured caps on salary sacrifice pensions, alongside potential property and wealth taxes, threaten to hit the very talent and investment needed to drive growth in the sector. At the same time, the country faces a widening tech skills gap, leaving businesses [...]

  • Crinkled paper to fake logos: Businesses face surge in expense scams

    November 18, 2025

    Businesses are experiencing a sharp rise in fraudulent attempts at expenses, as AI has made it easier to replicate receipts. Over the last three months, Google searches for ‘AI receipts’ have soared by 340 per cent, as employees look to take advantage of AI-generated capabilities to submit fake expenses. A recent study by SAP Concur [...]

  • AI bubble fears: Which of the Magnificent Seven will pop?

    November 17, 2025

    The spectacle of the so-called Magnificent Seven – Alphabet, Amazon, Apple, Tesla, Meta, Microsoft, and Nvidia – has been the defining market story of this generation. Synonymous with the AI boom, their collective valuation, now commanding a fifth of global markets, is underpinned by the fervent belief that they alone will win the AI arms [...]

  • Tech tailwinds boost Polar Capital as AI bubble balloons

    November 17, 2025

    Asset manager Polar Capital reported a surge in earnings after the firm’s “meaningful exposure” to tech stocks provided a hefty tailwind. The London-listed business recorded a 21 per cent jump in pre-tax profit to £27.9m, this was up from £23.1m just last year. Whilst outflows soared to £690m, including a significant £632m concentrated in the [...]

  • New PE-backed consultancy launches with aim to fix ‘broken” system

    November 17, 2025

    A new, AI-native consultancy firm has launched to address what its founders call the “broken” model of traditional consultancies, which they argue is costing businesses billions for ineffective AI projects. Backed by $15m (£11.4m) in private equity funding from NY-based Siguler Guff, UK-headquartered Valliance launches its “radical new model” of charging based on value delivered, [...]

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