Samir Desai, co-founder of Funding Circle, will step down from the board, ending the involvement of the original founders. The small business lender aims for profitability under new leadership.
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Raspberry Pi shares surge after strong first update since flotation
Raspberry Pi reports stronger-than-expected profits and a 61% sales increase in its first update since floating on the London Stock Exchange. The microcomputer maker’s shares surged as it eyes further growth with new AI and cloud products.
Trinny London secures £15m growth funding to fuel expansion plans
Trinny Woodall’s beauty brand, Trinny London, has secured a £15 million funding boost from Aurelius Finance Company (AFC), a private debt provider, as part of its ambitious growth strategy.
BlackRock and Microsoft to Launch $100bn AI Infrastructure Fund
BlackRock and Microsoft team up to launch a $100bn AI infrastructure fund, focusing on data centres and energy infrastructure to support the booming AI sector.
Deliveroo CEO Will Shu sells £15m worth of shares after company’s first profit
Deliveroo CEO Will Shu sells £15 million of shares after the company’s first profit, citing personal property investments. Learn more about the impact on the company and its financial outlook.
Over £2m invested in UK niche vehicle projects to drive zero-emission technology
The Niche Vehicle Network has awarded over £2 million to six UK projects focused on zero-emission vehicle technologies, including £1 million in government funding. Discover how these innovative projects aim to transform the UK niche vehicle sector.
ASOS sells majority stake in Topshop and Topman for £135m as iconic brands set to relaunch
ASOS sells a 75% stake in Topshop and Topman to Heartland for £135m, with plans to relaunch Topshop.com within six months and expand the brands globally.
Australian property giant backed by Rupert Murdoch’s News Corp looks at £4.4Bn Rightmove bid
REA Group, backed by Rupert Murdoch’s News Corp, considers a £4.4bn bid for UK property portal Rightmove, aiming to create a global digital property powerhouse with leading positions in both Australia and the UK.
BGF leads £17.3m investment in Sunswap to accelerate decarbonisation in cold chain logistics
Sunswap secures £17.3m investment led by BGF to boost the rollout of its zero-emission refrigeration technology, transforming cold chain logistics in the UK and Europe.
Waracle secures three-year digital transformation partnership with SP Energy Networks
Scottish tech firm Waracle has inked a multi-million-pound deal with SP Energy Networks to enhance digital customer experiences, supporting the UK’s energy transition and creating jobs in Scotland.
Revolut employees to benefit from £390m windfall as fintech giant’s valuation hits £35bn
Revolut staff set to cash in on rapid growth, as share sale boosts company’s value to £35bn following UK banking licence approval
Boris Johnson in talks over potential telegraph role as Zahawi consortium advances in auction
Boris Johnson is in informal talks with Nadhim Zahawi about a potential role at The Telegraph as Zahawi’s consortium progresses to the second round of the auction to buy the newspaper.
Gaussion secures £9.5 million to revolutionise electric vehicle battery charging
London-based Gaussion raises £9.5 million to advance its pioneering battery charging technology, backed by Autotech Ventures, BGF, and UCL Technology Fund.
Investment app Gather collapses after failing to repay government loan
Gather, an investment app backed by Arsenal footballer Jorginho, enters administration after failing to repay a £3.2 million loan from the government’s Future Fund, leaving taxpayers facing significant losses.
Phinxt Robotics secures £2M funding to scale robotics automation with innovative edge AI platform
PHINXT Robotics, an AI-driven robotics software company, has secured £2 million in an oversubscribed funding round to advance its innovative edge AI platform that simplifies and scales robotics automation in warehouses.
