Shein reported a $99m quarterly loss ahead of its Hong Kong listing, blaming the removal of the US de minimis exemption on parcels worth under $800.
Category: Get Funded
US regulator rejects Wise application for banking licence
Wise’s US banking licence application has been rejected by the OCC over issues with its original filing. The fintech says it will submit a new application.
Dragons’ Den star bags £900m as Vitabiotics falls to US buyer
Vitabiotics, Britain’s biggest vitamin maker, is sold to US firm Bain Capital for £900m, ending 50 years of family ownership. What it signals for SMEs.
Hardware is back: £14m backs a five-minute NHS lung test
A Cambridge firm’s five-minute lung test has raised £14m to roll out across the NHS, and its founder says hardware is now the smartest bet for UK startups.
Musk says AI will surpass human intelligence within five years
Elon Musk says AI may surpass human intelligence within five years. What the trillionaire’s forecast means for UK SMEs weighing whether to adopt now.
Scrap the tourist tax and we’ll make more in Britain, says Mulberry
Mulberry boss Andrea Baldo urges Burnham to scrap the tourist tax as losses narrow to £8.9m. Why VAT-free shopping now matters to UK makers and SMEs.
Heathrow to central London in 8 minutes as Virgin signs air taxi deal
An eight-minute hop from Heathrow to central London and a quarter of an hour from Manchester Airport to Leeds.
More jets, less money: Farnborough day two value falls 34 per cent
Farnborough day two brought 82 firm aircraft orders and £2.6bn for UK aerospace, yet deal value fell 34 per cent. What suppliers should read into it.
British Business Bank triples profit as SME finance hits record £9.4bn
British Business Bank profit triples to £426m as SME finance hits £9.4bn. What the state-backed lender’s record year means for UK small firms.
Farnborough opens with $48.8bn in orders and £7.7bn for UK industry
Farnborough Airshow 2026 opened with $48.8bn in orders and £7.7bn of work for UK aerospace. What day one’s blockbuster deals mean for UK suppliers.
Vertical’s flying taxis stay British as £10m seals 1,000 jobs
Vertical Aerospace will build its flying taxis in Britain after a £10m boost, creating 1,000 jobs and up to 3,000 more in the SME-heavy supply chain.
Lineker’s Rest Is Football scores two more years on Netflix
Netflix extends Goalhanger’s Rest Is Football Netflix deal to 2028 after its World Cup No. 1 run. What the podcast firm’s streaming win teaches UK SMEs.
Topgolf founders pot $55m to drag pool into the digital age
Topgolf founders Steve and Dave Jolliffe land $55m from Bluestone for Poolhouse and its BillyQ pool technology. What it means for UK hospitality SME
Leeds-born UKREiiF takes its £4bn dealmaking model to Australia
UKREiiF will launch its first overseas event in Australia in 2027, exporting the Leeds model behind £4bn of UK deals. What it means for UK business owners.
Manchester tops UK AI index again as Southampton leaps 19 places
Manchester tops the SAS AI Cities Index 2026 for a third year. What the UK’s most AI-ready city, and fast risers Southampton and Derby, mean for SMEs.
