From toilets to MSG: Four unlikely winners of the AI boom AI Believe it or not, Toto, the Japanese toilet and bidet maker, has become one of the more improbable stock success stories of the AI boom. The company produces electrostatic ‘chucks’, components critical to memory chip production, and when activist fund Palliser Capital took a stake last month and called it “the most undervalued and overlooked [...]
UK tech faces hiring crunch despite AI visa push Tech Applications from overseas tech workers wanting to move to the UK have dropped significantly, adding to concerns over talent shortages in one of the economy’s faster growing sectors. New data by accountancy firm RSM UK found the number of international workers applying for a UK visa to work in tech dropped 11 per cent from [...]
Autumn Budget: Will the UK keep its tech talent or drive it abroad? Tech Time is running out for Rachel Reeves to reassure the sector she has spent months courting. With tax rises looking increasingly likely in Wednesday’s Autumn Budget, the mood across UK tech has shifted to concern, reviving the warning issued earlier this month by some of Britain’s most valuable founders: change course, or risk watching high-growth [...]
Tech and talent at risk as Reeves eyes tax hikes in November budget October 7, 2025 Britain’s tech sector is bracing for impact as fears grow that Labour’s upcoming Budget could drive investors, and their capital, out of the country. Brent Hoberman, co-founder of Lastminute.com and a prominent supporter of UK start-ups through Founders Forum and Firstminute Capital, warned that venture capital (VC) funds are actively considering relocation to Europe if [...]
Intel: UK revenue slashed by over £1bn as profit cut October 6, 2025 Revenue at the UK arm of technology giant Intel has been slashed by almost $1.5bn (£1.1bn) as its profit was cut significantly during its latest financial year. The division of the US group has posted a revenue of $3.3bn for 2024, down from the $4.7bn it achieved in 2023. New accounts filed with Companies House [...]
Themis snaps up Pasabi in AI fraud fight as financial crime costs soar October 3, 2025 London-based financial crime intelligence firm Themis has acquired fraud monitoring company Pasabi, in a move aimed to accelerate the use of AI in tackling one of the fastest-growing criminal threats facing businesses and consumers globally. The deal, approved under the UK Home Office’s National Security and Investment Act, is set to fold Pasabi’s fraud detection [...]
London AI startup Lupa raises $20m to modernise vet clinics October 2, 2025 Lupa, a London-based startup building modern software for veterinary clinics, has raised $20m (£16.5m) in a Series A round led by European VC Singular, just five months after securing $4m in seed funding. The software firm, founded in 2023, says it is tackling one of the most overlooked corners of healthcare: the $350bn global veterinary [...]
UK veterans drive defence tech boom September 29, 2025 Defence tech startups are booming across Europe, powered by an influx of UK military veterans and record levels of VC investment. Yet, a new report found critical gaps in space tech and AI chips could leave the country exposed. The State of Defence Tech 2025 report has revealed that defence startups have secured $1.5bn (£1.12bn) [...]
Raspberry Pi: What happened to the UK’s former tech darling? September 23, 2025 Shares in Raspberry Pi tumbled in London on Tuesday after the low-cost computer maker revealed a sharp drop in half-year profits, leaving investors questioning whether one of the UK’s most high-profile tech IPOs can live up to expectations. The Cambridge-based firm, which floated in June 2024 in one of the London Stock Exchange’s most celebrated [...]
Reddit: Revenue more than triples as UK profit jumps September 22, 2025 Revenue at the UK arm of Reddit more than tripled during its latest financial year as profit also surged, it has been revealed. The London-headquartered division has posted a revenue of £96.7m for 2024, new accounts filed with Companies House show. That total is up significantly from the £28.4m it posted for 2023. From 1 [...]