Paid partnership with KPMG UK With the power to unlock huge benefits for the wider economy, UK tech innovators are our hope for the future. As KPMG opens applications for the firm’s annual Tech Innovator in the UK competition, Nicole Lowe, head of KPMG’s Emerging Giants practice talks to Dr Elliot Street, CEO of Inovus […]
Microsoft and Amazon asked to comment on tie-ups, a move that paves way for formal investigationThe UK competition watchdog has stepped up its scrutiny of big tech involvement in artificial intelligence startups, asking for comment on three deals by Microsoft and Amazon.The Competition and Markets Authority (CMA) announced that it was examining Microsoft’s investment in the French firm Mistral and the hiring of the DeepMind co-founder Mustafa Suleyman as head of the US company’s new AI division....
Food and grocery delivery company Swiggy on Friday confidentially filed its draft documents for an initial public offering (IPO) with stock market regulator Securities and Exchange Board of India (Sebi), sources told us.109639958The Bengaluru-based company has filed for a $1.25-billion public issue through the confidential route, whereby draft red herring prospectuses (DRHPs) are not released to the public. This came a day after Swiggy’s shareholders approved its IPO plan, which includes a fresh...
Fintech is once again the UK’s best-funded startup sector after climate tech secured the most investment in 2023. In the first quarter of 2024, UK fintech companies raised $1.4bn across 73 rounds, according to data from Dealroom and HSBC Innovation Banking. Fintech funding rounds over the period include £340m raised by challenger bank Monzo and […]
The London Defense Tech Hackathon, organized by Skyral and Future Forces, gathered technology, venture capital, and national security leaders to develop innovative solutions for Ukraine's defense and national security.
This week’s UK tech funding deals include flying taxi company Skyports, Scottish rocket manufacturer Orbex, generative AI legal assistant Lawhive and more. UKTN tracked £176.6m worth of tech funding deals this week (15 April to 19 April), a whopping 316.5% week-on-week increase. Here’s your weekly roundup of UK tech startup funding. Skyports – £88m Sector: Mobility […]
The first UK Tech Week is just around the corner, with more than 30 confirmed events set to take place across the nations and regions. The inaugural event, running from 23 April to 25 April, aims to showcase the tech innovation and entrepreneurism taking place across the UK. UK Tech Week will see separate events […]
Study by World Health Organization shows more than half of children in Britain had drunk alcohol by age 13The UK has the worst rate of child alcohol abuse worldwide, and more than half of British children have drunk alcohol by the age of 13, according to a report.The study, one of the largest of its kind by the World Health Organization (WHO), looked at 2021-22 data on 280,000 children aged 11, 13 and 15 from 44 countries who were asked about alcohol, cigarettes and vape usage. Continue reading
On St George's Day, we meet some Morley residents to discover what makes the West Yorkshire town so patriotic. With one of the largest annual parades in the UK to celebrate the patron saint of England, the town has long been known for its vigorous support and devotion to the country. And in 2020, hundreds of people gathered in the town for a ‘patriotic Brexit bash’ to celebrate the UK’s exit from the European Union, with the party organised by local MP Andrea Jenykns. With St George’s Day being...
On St George's Day, we meet some Morley residents to discover what makes the West Yorkshire town so patriotic. With one of the largest annual parades in the UK to celebrate the patron saint of England, the town has long been known for its vigorous support and devotion to the country. And in 2020, hundreds of people gathered in the town for a ‘patriotic Brexit bash’ to celebrate the UK’s exit from the European Union, with the party organised by local MP Andrea Jenykns. With St George’s Day being...
Getir is reportedly preparing to exit the UK market amid financial difficulties for the rapid grocery delivery startup. Getir was once valued at £9.7bn and is among the largest players in rapid delivery. The Turkish company grew quickly in 2020 and 2021, expanding into more and more markets with VC cash-backed acquisitions of existing firms […]
There are now no UK companies among the top 50 largest listed companies in the world, as the British economy has struggled to compete with the dominance of American tech firms.