CurrentBody: Owner of beauty tech firm used by Kim Kardashian and Serena Williams eyes £350m London Stock Exchange float February 4, 2025 The group behind beauty technology company CurrentBody is eyeing a float on the London Stock Exchange which could be worth £350m. The Beauty Tech Group has lined up Berenberg to lead the business through an initial public offering (IPO), according to a report first published by Sky News. The group is headquartered in Manchester and [...]
UK risks being ‘incubator economy’ with tech firms moving abroad, Lords warn February 3, 2025 The UK is at risk of becoming an “incubator economy” with tech firms moving abroad, if action is not taken to support companies to scale up, a group of Lords has warned. Britain must do a better job supporting UK-based artificial intelligence (AI) and creative technology start-ups to grow into global competitors, the House of [...]
‘The Silicon Beach dream was a lie’: Onbuy quits home with parting shot January 16, 2025 Technology company Onbuy has quit its home town of Bournemouth and hit out at the local council saying there is no support for the industry. Chief executive Cas Paton took to LinkedIn to announce the news that the business will now mainly operate from London and New York. He added that while Onbuy “will always” [...]
Trustpilot: UK and US bookings surge helps revenue jump as shares spike January 16, 2025 Surge in bookings in North America and the UK helped lead a jump in revenue at Trustpilot during its latest financial year. The FTSE 250 company has revealed it expects to report a revenue from bookings of $239m (£195.7m) for the 12 months, up from the $195m it achieved in the prior year. Trustpilot’s annual [...]
Lenovo UK sales near £1bn amid Huawei retreat January 2, 2025 Sales at the UK arm of Chinese technology giant Lenovo jumped closer to the £1bn mark during its latest financial year. The division has reported a turnover of £982.8m for the 12 months to 31 March, 2024, up from the £969.3m it generated in the prior year. Newly-filed accounts with Companies House also show that [...]
How AI will ‘reshape the UK business landscape’ in 2025, according to Dell boss December 28, 2024 How artificial intelligence (AI) will “reshape the UK business landscape” in 2025 has been outlined by Dell Technologies’ top boss in the country. Steve Young, who is the US giant’s UK senior vice president and managing director, has said new approaches to data centre infrastructure will be crucial to delivering the predicted return on investment [...]
Plans worth £200m revealed by Imperial College London and Bruntwood SciTech November 20, 2024 Imperial College London is to build a life sciences and deep tech development worth over £200m in the west of the capital after partnering with Bruntwood SciTech. The university has earmarked land at its White City Deep Tech Campus after signing an agreement with the joint venture between property group Bruntwood, Legal & General and [...]
Softcat to offer new machine learning services with AI specialist Sysgroup May 29, 2024 Softcat has partnered with artificial intelligence specialist Sysgroup, in a move bosses hope will expand its machine learning customer-base.
London leads as number of new UK tech companies hits five year high May 1, 2024 The number of UK tech businesses formally registered as limited companies surged by 11 per cent to reach a five-year peak in the first quarter.
Tech giant IBM kicks off London legal fight with Swiss software firm Lzlabs April 29, 2024 Tech giant IBM is kicking off its legal battle against Swiss software company Lzlabs in the English High Court today over allegations of reverse-engineering