Quantexa: AI start-up boss on business after hitting Unicorn status August 19, 2024 When artificial intelligence (AI) start-up Quantexa hit unicorn status, the London-based company said it was a chance to embark on a major growth push. In April 2023, Quantexa was minted a billion dollar ‘unicorn’ after closing a $129m (£99.4m) funding round at a valuation of $1.8bn (£1.4bn). Quantexa, which uses AI to analyse financial firms’ [...]
Newcastle United £55m star’s potential comeback match confirmed August 19, 2024 The Magpies will head to the City Ground on Wednesday 28 August, the same day that Italy midfielder Tonali's ban for betting offences is due to be lifted.
Jon Rahm reveals LIV Golf League plan after closing in on £14m prize August 19, 2024 Koepka beat Rahm at the first extra hole of a play-off to win at Greenbrier and become the first player to claim five tournaments on the LIV Golf circuit.
Caledonia Investments swoops in for tyre company DTM with £55m majority stake August 19, 2024 Investment trust Caledonia has bought a majority stake in Direct Tyre Management (DTM) for £55m, meaning it now owns the entire firm. DTM, which provides outsourced tyre management services to fleet operators, has reinvested alongside Caledonia to acquire 100 per cent of the business from investors including Palatine Private Equity. Blackpool-based DTM has delivered year-on-year [...]
Criminals are harnessing the latest tech. So the police must too August 19, 2024 Criminals and fraudsters are only becoming more tech-savvy; if we want to stop them, so must we, writes Lord Mayor Michael Mainelli.
Emergency move to avoid jail overcrowding may be used soon as rioters sentenced August 18, 2024 The government could trigger an emergency plan to avoid prison overcrowding “at some point next week” as rioters are sentenced, according to the Prison Officers’ Association. It followed reports in The Observer that the government could be about to trigger Operation Early Dawn. The long-standing contingency measure allows defendants to be held in police cells [...]
Hays set to reveal profit slump amid tough recruitment market August 18, 2024 Hays is set to be the latest recruiter to reveal lower profits in the face of a challenging hiring market next week. The FTSE 250 commercial recruitment firm has already warned it was set for a “subdued summer” amid cost-cutting across the business to bolster its finances for the longer-term. Investors will be hoping that [...]
Watchdog says ‘all options’ should be on table to save universities August 18, 2024 The university watchdog has declared “all options” should be on the table to fix the struggling sector, warning the “golden age of higher education” could be over. Office for Students (OFS) interim chair David Behan said increased tuition fees and lifting visa restrictions on international students could help revive embattled institutions. He told The Sunday [...]
Wellness Wonders: Meet Alvina Chen, founder of Feldspar August 18, 2024 Alvina Chen, founder of Feldspar, the world's first sensor-enabled performance-running track, is revolutionising track athletics with cutting-edge technology.
Why public-private partnerships are more difficult in the UK August 18, 2024 Labour's promised big on growth by backing the City, but successful partnership with business is easier said than done, writes Andrew O'Brien.