OnlyFans owner dividends ran past $700 million before Leonid Radvinsky died in March, with accounts at Fenix International, the London company behind the adult subscription site, showing pre-tax profit of $715 million on revenue of close to $1.6 billion and an average headcount of 47.
The taxpayer-backed National Wealth Fund is putting up to £71 million into Tungsten West, the Aim-listed company reviving the Hemerdon tungsten and tin mine in Devon, less than two years after the business warned it might not survive. In return the state takes a 7 per cent stake and an option over half the mine’s tungsten.
The eDreams Prime Poland rollout has moved into full scale expansion, with the Barcelona listed travel group pointing to strong take up among Polish travellers. It is the latest market in a subscription push that is meant to deliver more than 13 million members by March 2030.
A west London start-up has signed a first of its kind agreement with the US Maritime Administration to help build a fleet of nuclear-powered cargo ships. Core Power has raised 200 million dollars from Japanese backers and is targeting first construction of its propulsion systems in 2028.
The Start Up Loans London total for female-founded businesses has passed £100m across 10,853 loans, with Hackney, Lewisham and Tottenham the capital’s busiest constituencies, and eligibility now widened to firms trading for up to five years.
TOSS, the Great Taste Award-winning dressing brand founded by sisters Grace and Sophie Devlin, has closed a £660,500 funding round backed by SFC Capital, SyndicateRoom and a group of food-industry angels, with the money earmarked for brand awareness, retail distribution and new product formats.
Frasers Group’s Hugo Boss stake has risen to almost 48 per cent after 17.6 per cent of investors accepted its £1.7 billion takeover offer — short of the majority needed to control the German fashion house.
Y1 Group has acquired Redbird Apparel in a seven-figure deal, creating a combined UK branded apparel business with more than £7.5m in annual revenue.
The UK Space Agency is funding 16 satellite communications projects with £13 million, from a ScotRail broadband trial to low-cost sensors for farmers.
Au Vodka sale: Sazerac, the US owner of Southern Comfort and BuzzBallz, has agreed to buy the Swansea vodka brand in a deal reported to be worth £500m.
The Anthropic IPO could value the Claude maker at more than $2 trillion, passing SpaceX’s record, when the AI firm lists in New York this autumn.
Frasers Group has bought Harvey Nichols out of administration in a pre-pack deal covering about 1,000 jobs, six UK stores and the online business.
Beyoncé has taken full control of SirDavis, the whisky brand she launched with LVMH’s Moët Hennessy in 2024, after the French group sold its stake.
Cambridge Aerospace has raised $300 million at a $3.4 billion valuation to expand its Skyhammer and Starhammer interceptors, two years after launch.
DRIVE35 funding of more than £47m has been awarded to 33 UK automotive projects, a round expected to leverage over £90m of total project investment.
