Evoke sinks as William Hill owner’s losses triple on restructuring costs March 26, 2025 Evoke shares fell 17.3 per cent to 59.05p on Wednesday, as the William Hill owner reported a full year loss of £191.4m. The figure was almost triple the loss reported for 2023, amid rising restructuring and financial costs. Despite three per cent revenue growth to £1.75bn and adjusted earnings before interest, taxes, depreciation, and amortisation [...]
Labour’s attempt to use AI to power budget cuts is damaging. Here’s why March 26, 2025 The UK government is beginning to introduce AI tools for deep research, framing the technology as a tool to reduce costs and improve efficiency. Bank of England governor Andrew Bailey announced on Tuesday that Rachel Reeves needs AI to ‘move the needle’ on economic growth. Yet, tying AI to Reeves’ budget cuts risks discouraging its [...]
Don’t look back in anger: Oasis fans misled by Ticketmaster, says CMA March 25, 2025 The UK’s competition regulator has accused Ticketmaster of misleading Oasis fans during the brand’s highly anticipated ticket sale, suggesting that some may have overpaid for seats that offered no real advantage. The Competition and Markets Authority (CMA) has demanded changes to how Ticketmaster labels tickets and displays pricing information, following widespread complaints from fans who [...]
New £1bn west London data centre set to back soaring AI demand March 25, 2025 Segro and Pure Data Centres have announced a new £1bn data centre located in London’s Park Royal, set to meet the soaring demand for digital infrastructure in the UK. The centre, backed by secretary Peter Kyle, is set for completion in 2026, with operations expected from 2029. The project will support next-generation AI and cloud [...]
UK tech eyes tax moves in Spring Statement March 25, 2025 The UK’s tech sector is awaiting Rachel Reeves’ Spring Statement, as businesses look for support from the government on AI investment, digitalised healthcare, and scam prevention. Industry heavyweights are urging the Chancellor to consider targeted tax incentives and upskilling initiatives. They have also called for stronger regulatory frameworks to support growth and innovation amid burgeoning [...]
Tech secretary pledges to not pit AI against creatives amid copyright row March 24, 2025 Tech secretary Peter Kyle has promised that the government will not be forced to choose between the UK’s creative industry and its burgeoning AI sector, as it prepares for the integration of new AI copyright regulations. “We have the third largest AI market in the world, and the second largest creative arts sector”, Kyle told [...]
Fintech leads UK tech hiring boom March 24, 2025 The fintech sector dominates hiring activity among UK startups and scale-ups, according to a new report. The research found that fintech firms accounted for 21 per cent of all UK companies recruiting for tech roles. It also revealed that these companies added 2,127 new employees to their organisations within the last twelve months, outpacing other [...]
200,000 jobs to go after Labour’s inheritance tax raid March 24, 2025 Family owned businesses and farms across the UK are cutting jobs, halting investment and selling assets to stay afloat in response to sweeping tax changes. According to research by CBI-Economics, commissioned by Family Business UK, the government’s move to cap business property relief (BPR) and reform agricultural property relief (APR) has triggered a wave of [...]
Reeves weighs tech tax overhaul to avert US tariffs March 23, 2025 The UK government is exploring potential adjustments to its digital services tax (DST) to avert further tariffs from the US, Rachel Reeves confirmed. The DST, which targets global tech heavyweights like Meta, Google and Amazon, has raised around £800m a year since its introduction in 2020. Yet, with President Donald Trump set to announce new [...]
Chancellor defends budget choices ahead of Spring statement March 23, 2025 Chancellor Rachel Reeves has defended the government’s recent budget decisions, claiming they were necessary for economic stability amid uncertain global conditions. In an interview with BBC’s Laura Kuenssberg on Sunday, Reeves emphasised the importance of making difficult choices to ensure long term fiscal responsibility. “There are always going to be costs for every choice you [...]
