UK drug discovery company Labgenius has raised £35m in a series B funding round as it looks to ramp up its cancer treatment product pipeline. Labgenius, which is based in …
May 2024
Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR
London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its product development and expansion in the US. The Series C round was led by Wall Street …
Court of Appeal denies Tom Hayes’ Supreme Court bid, but leaves door open
Former Libor trader Tom Hayes‘ application to take his case to the highest court in the land was denied by the Court of Appeal on Tuesday morning. Permission to appeal …
Payments regulator slams Visa and Mastercard for merchant fee hikes but forgoes price caps
The UK payments regulator has said there is “little evidence” that fee hikes by Visa and Mastercard on retailers have majorly improved the quality of service in a scathing report …
Cazoo braces for collapse into administration as rescue deadline expires
Cazoo is expected to collapse into administration later on Tuesday after a deadline to find a rescue deal expired. The London-headquartered online car retailer, which is listed in New York, …
Ocado: Marks and Spencer-linked grocer is fastest-growing for third straight month
Ocado has maintained its position as the fastest growing grocer for the third month in a row, as efforts to cut prices continue to pay off. The M&S linked food …
England prop Kyle Sinckler named in Barbarians team for Fiji clash at Twickenham
British and Irish Lions prop Kyle Sinckler will join former England colleagues Danny Care and Ben Youngs in the Barbarians team for next month’s Killik Cup match with Fiji at …
The Works hoping to return to profit growth following challenging year
The business has closed 24 struggling stores over the past year, and moved its online fulfilment centre to a “more efficient facility”. Discount books and crafts supplier The Works is …
Naked Wines sees revenue slump following tough trading conditions
Loss making Naked Wines said revenue slid in the year to April, following a tricky period which included the business cutting jobs and hiring advisors On Tuesday, the firm said …
Greencore: Irish food firm upgrades guidance and launches £30m share buyback scheme
Shares in Irish food-to-go company Greencore soared nearly 14 per cent on Tuesday morning after it upgraded its operating profit guidance, ahead of current market expectations, and launched a £30m …