Fevertree posts strong full-year results as US sales rise 9%, offsetting a dip in UK performance. Profits jump 66% and a £100m shareholder return is on the cards.
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British start-up wins £1m AI prize for breakthrough slashing materials development from years to days
A British start-up pioneering artificial intelligence to accelerate materials development has won the UK Government’s £1 million Manchester Prize.
Vouchsafe secures £1 million pre-seed funding to tackle ID poverty and transform identity verification
Vouchsafe raises £1m pre-seed funding to revolutionise identity verification and fight ID poverty. Discover how their innovative approach is driving financial and digital inclusion.
Greenberg’s Cobalt Holdings lines up London float with Glencore as cornerstone investor
Jake Greenberg, founder of uranium specialist Yellow Cake, plans a London float for his new EV battery materials company, Cobalt Holdings, seeking £180 million in a deal underpinned by Glencore.
Bernie Ecclestone’s Formula One car collection sells for record-breaking sum to Red Bull heir
Bernie Ecclestone’s 69 rare F1 cars, valued at an estimated £500 million, have been purchased by Mark Mateschitz, heir to Red Bull’s fortune, in what experts call the largest classic car deal ever seen.
Lenkie raises £49m to expand transaction-focused SME financing in the UK
Cashflow management platform Lenkie has announced £49 million in fresh Series A funding—comprising £4 million in equity and a £45 million debt facility—to boost its payables financing solution for UK SMEs.
Seedable Studio Secures £100,000 Investment to Drive Innovation in Sustainable Software Development
Seedable Studio, a Cardiff-based digital solutions company, has officially launched with £100,000 in seed funding from investors David Jones (the originator of Grand Theft Auto) and Stuart Little, a net-zero entrepreneur.
Gary Lineker’s podcast empire achieves £1.4m profit surge
Goalhanger Podcasts, created by Gary Lineker, reports £1.4m profit in new accounts, powered by top-rated shows like The Rest Is Football and The Rest Is Politics.
Sky Zero Footprint Fund returns in 2025 with bigger prizes to supercharge sustainability
Sky Media brings back the Sky Zero Footprint Fund in 2025 with £2 million in advertising support for sustainable initiatives, offering three new categories and a total of £8 million pledged to date. Submissions open in early March.
Bybit suffers £1.1bn crypto heist in largest alleged theft on record
Dubai-based crypto exchange Bybit says hackers stole $1.5bn worth of Ethereum in a theft surpassing all previous records.
Carney’s Brookfield acquires National Grid renewables in £1.3bn net zero push
Brookfield, chaired by Mark Carney, buys National Grid’s renewables division for £1.3bn as the former Bank of England governor pushes his net zero agenda while bidding to become Canada’s next prime minister.
Just Eat snapped up at a fraction of its pandemic peak as appetite for takeaways wanes
Just Eat is to be acquired for €4.1bn by investment giant Prosus, a fraction of its pandemic-era value.
British Business Investments backs Twin Path Ventures with £10m AI fund to power UK tech growth
Twin Path Ventures secures a £10m commitment from British Business Investments to supercharge UK AI start-ups.
Mira Murati, OpenAI’s former CTO, launches new ai start-up with ex-ChatGPT colleagues
OpenAI’s ex-CTO Mira Murati unveils Thinking Machines Lab, recruiting ex-colleagues from ChatGPT’s creator. The new AI start-up pledges open research and user-centric customisation, setting its sights on bridging key gaps in machine learning.
Folding bike pioneer Flit raises £1.2m to challenge Brompton’s dominance
Cambridge-based Flit secures £1.2m to boost production of its innovative folding electric bikes, challenging Brompton by pioneering a lighter, non-welded frame design.