News

Cafes and restaurants new workspaces for many micro businesses and owners

New research commissioned by pan-European real estate investment manager Tristan Capital Partners has revealed that restaurants and cafes are the new workspace for London’s startups and entrepreneurs, with a significant proportion choosing to work and conduct their business in eateries rather than office space.

e.l.f. Beauty acquires Hailey Bieber’s rhode in $1bn deal

e.l.f. Beauty signed a definitive agreement to acquire rhode, the lifestyle beauty brand founded by Hailey Bieber, in a deal valued at $1 billion.

UK climbs global skills leaderboard, scoring high on AI maturity

As economic pressures and AI innovations motivate countries around the world to invest in skills development, the UK has ranked 22nd globally out of 109 countries in skills proficiency. This ranking places the UK ahead of the US (27th) and China (39th), and sees it climb from 45th position last year.

£1.8M to back cutting-edge transport innovations

Connected Places Catapult, the UK’s innovation accelerator for transport, the built environment, cities and local growth, announced on 20th May that applications are open for the latest Transport Research and Innovation Grants (TRIG) programme which will award up to 40 projects up to £45k each.

Strong business resilience and leadership skills underpin optimistic UK SME outlook

Over two-thirds (68%) of SME leaders believe their business is resilient and prepared to withstand challenges, with a similar proportion (69%) feeling confident in their ability to recover quickly from setbacks.

Legacy tech is bleeding enterprises as modernisation delays cost

With AI adoption racing ahead, outdated systems are holding organisations back as technical debt is rapidly becoming one of the most expensive challenges facing enterprises today, costing them more than just money.

Mollie grows by 30% in 2024

Financial services provider Mollie has announced its financial results for 2024. In a year when the European fintech sector faced growing pressure on margins and growth, Mollie delivered strong financial performance. Gross profit rose by 30% to €115 million. Revenue also saw a significant increase of 28%, reaching a total of €214 million.

Looking for legal advice? Half of Brits would ask AI over a lawyer

Artificial intelligence (AI) usage is on the rise, but with many using it for basic admin tasks and every day queries – a shocking half of Brits would use it for their legal decision-making.

Monumo’s AI powers over 11% material cost savings for EV motors

Monumo, the deeptech company coupling AI and machine learning (ML) with traditional engineering expertise to redesign the electric motor, has achieved an 11.4% reduction in the bill of materials (BOM) including a 23% reduction in magnet volume from an EV powertrain and without compromising efficiency.

Have your say: Readers’ Choice Award 2025

In an industry that is driven by innovation, resilience, and determination, recognition matters. Recognising your accomplishments is key to maintaining drive, and allows for a moment of reflection for all you have achieved so far.

UK SMBs ramp up cybersecurity investment amidst AI fears

A growing number of UK small and medium-sized businesses (SMBs) are taking cybersecurity more seriously, with over half increasing their cyber defences in 2024, according to new research from Bionic.

Virgin StartUp reboots fully-funded accelerator

Virgin StartUp, the not-for-profit incubator for UK business founders, has opened applications for its fully-funded business accelerator, Empower 100, which is exclusively aimed at under-represented business owners based in Greater London.

PINCH selected for EIT Health’s Deep Tech Venture Builder to tackle pain in children

The University of Oxford’s PINCH project joins EIT Health’s Deep Tech Venture Builder programme to transform pain management in young children. 

New resilience tracking tool to build high-performing teams

According to alarming data from The Burnout Report by Mental Health UK, an overwhelming 91% of UK adults report they experienced high or extreme levels of pressure in the past year.

Connecting Ideas, Capital, and Care: Inside MedTech World’s 2025 Innovation Tour

In 2025, MedTech World continues its global journey of connecting innovators, investors, and healthcare leaders. Following successful gatherings in Dubai and Houston earlier this year, it heads to the Bay Area, then on to Hong Kong, before culminating in the flagship summit in Malta, each event crafted to advance innovation in medical technology and healthcare.

GE share price trends and future outlook

GE Aerospace has completed its transformation from a sprawling conglomerate into a focused aviation company. The ge stock now represents a streamlined business centred exclusively on aircraft engines and propulsion systems.

Perceptra’s real-time molecular sensor wins PhotonDelta’s €50K photonics engineering contest

Photonic chip industry accelerator PhotonDelta has announced the winner of its global engineering contest. Perceptra was judged to be the submission with the best new application of photonic chips designed to tackle global challenges.

The UK’s most entrepreneurial cities: Scottish, northern, and midlands cities dominate

Aberdeen, Coventry, and Liverpool have emerged as the UK’s fastest-growing entrepreneurial hubs outside London, as regional challengers put pressure on the capital’s dominance.

Tech startup competition offers lifeline for investment seekers

The highly anticipated Future of Capitalism Competition is back, offering a much-needed lifeline to tech startups across the world.

WeRoad expands beyond travel to tackle loneliness

WeRoad, the travel brand that has brought together over 200,000 solo travellers worldwide, announces the launch of WeMeet, a new way for people to meet others in their cities through in-person events and shared experiences.