Wise shares fall after shift from London to New York stock exchange announcement
Shares in London-listed fintech company Wise experienced a marked decline following a trading update that analysts deemed disappointing, particularly in light of its upcoming move to a primary US listing. The £12 billion money transfer firm reported a 24 per cent increase in quarterly cross-border volume, reaching £41.2 billion, for the three months ending in […]
M&S reinstates Sparks benefits after cyberattack
Marks & Spencer (MKS.L) is in the process of reinstating full benefits for its Sparks loyalty scheme customers and providing a temporary “thank you” discount to staff, as the retailer gradually resumes full operations following a disruptive cyber attack. The Sparks scheme, along with all orders from the M&S website, was suspended after hackers gained […]
Ticketmaster slammed as UK’s worst retailer for ‘shoddy’ Oasis ticket pricing snafu
Consumer watchdog Which? has named Ticketmaster as one of the UK’s shoddiest companies, citing its pricing practices for the highly anticipated Oasis reunion tour as the reason behind the London-based company’s win at the annual “Shoddy Awards”. Home insurers, for denying claims, and Virgin Media, for the third consecutive year, were also included in the […]
UK government launches AI fellowship, backed by Meta grant
The UK government has unveiled a new programme aimed at recruiting the nation’s leading AI experts into public service. This initiative is supported by a £750,000 grant from Meta to the Alan Turing Institute. The 12-month AI Fellowship is designed to enhance the agility of the state in delivering its “Plan for Change,” leveraging open-source […]
OVHcloud launches Environmental Impact Tracker for cloud carbon footprint
OVHcloud, a London-based web hosting cloud provider, has announced the launch of its new Environmental Impact Tracker, a tool designed to enable enterprises to precisely monitor their carbon footprint and reduce cloud wastage. The firm describes this as an “enhanced version” of its existing carbon calculator, promising customers more detailed insights into the environmental impact […]
UK Home Office ends £21m Fujitsu contract, brings IT services in-house
The Home Office is terminating a £21 million IT services contract with Fujitsu, opting instead to bring the services in-house. The two organisations are currently working on an exit plan, with the service transfer now set to conclude in October, ahead of its original January 2026 renewal date. This move reflects growing unease within government […]
Four arrested over cyber attacks on M&S, Co-Op and Harrods
Four individuals have been arrested in the UK as part of a National Crime Agency (NCA) investigation into recent cyber attacks that targeted major retailers M&S, Co-op, and Harrods. The arrests took place on 10 July in London and the West Midlands. Those apprehended include two males aged 19, another aged 17, and a 20-year-old […]
Wrisk successfully closes £12m Series B to fuel European expansion
Wrisk, a London-based embedded insurtech provider specialising in the automotive industry, has successfully closed a £12 million Series B funding round. This significant investment will enable the company to accelerate its expansion across the UK and Europe. Wrisk integrates its digital insurance platform directly into the services of major automotive brands, including BMW, Volvo, Mercedes-Benz, […]
Principle Networks appoints Zscaler veteran Mike Beevor as CTO amid ambitious growth
London IT services provider Principle Networks is bolstering its business expansion strategy with the appointment of industry leader Mike Beevor as Chief Technology Officer, following a robust 50% year-on-year growth in the financial year 2024-25. Mr Beevor brings over two decades of experience in technical security and global strategic roles, spanning a diverse range of […]
London’s HIVED closes £33M Series B for electric delivery expansion
London-based HIVED, an AI-powered parcel delivery startup, has successfully closed a Series B funding round, securing approximately £33 million. The round was led by NordicNinja, a founder-led venture capital firm. Tomosaku Sohara, Managing Partner at NordicNinja, said: “HIVED is doing what no one else in logistics has managed to do – pair a truly outstanding […]