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 [...]
UK tech leaders back home turf for growth as AI drives investment August 28, 2025 The UK is increasingly being viewed by its own tech entrepreneurs as the most attractive country in which to build and scale a technology company, according to a new report. Barclays Bank’s latest Business Prosperity Index revealed that a majority of tech leaders now view Britain as offering stronger growth prospects than its international rivals [...]
Peter Kyle says UK could overtake US in tech amid record startup growth July 15, 2025 Technology secretary Peter Kyle has said the UK is positioned to “overtake America” in key areas of tech, as a new wave of regulatory reforms aims to fast-track innovation and attract investment across AI, fintech and biotech. In an interview on the UKTN Podcast, Kyle argued that the UK is now creating “the best regulatory [...]
AI disrupts UK hiring for tech and entry level roles July 14, 2025 UK employers are significantly scaling back hiring roles at risk of being disrupted by artificial intelligence (AI), adding signs of a broader labour market slowdown. New data from McKinsey & Co revealed that online job postings fell 31 per cent in the three months to May, compared with the same period in 2022. Yet the [...]
What does Labour’s industrial strategy really mean for UK tech? June 25, 2025 After years of drift, Whitehall has finally made a plan. Labour’s long-trailed Industrial Strategy landed on Monday – a 10 year blueprint that promises to stitch a broken economic model back together with the help of strategic intervention. For the tech sector, it’s an ambitious document. But many in the industry have said it’s also [...]