Wayve, the British artificial intelligence (AI) start-up that secured an investment of more than £800m recently, lost more than £40m during its latest financial year. The London-based company hit the …
Financial Planning
Exclusive: Why this London-based AI firm has picked Aquis for its float next month
City A.M. can reveal that London-based artificial intelligence firm Pri0r1ty AI is gearing up to float on the capital’s Aquis Exchange next month. The bootstrapped software company, pending regulatory clearance, …
DFS Furniture: Sofa retailer issues second profit warning as Red Sea disruption takes toll
Sofa retailer DFS Furniture has issued its second profit warning this year in the face of tricky Red Sea disruptions and weak consumer spend. Back in March, the popular upholstery …
Former D&D boss Des Gunewardena on his bitter split
Des Gunewardena, formerly one half of restaurant group D&D, has spoken for the first time about his acrimonious 2022 departure from the company he founded 18 years ago. Speaking to …
Former D&D boss Des Gunewardena on his difficult break-up and his new restaurant
“I haven’t been wrestling crocodiles or anything,” grins Des Gunewardena, formerly one half of restaurant group D&D and one of the most recognisable men in British hospitality. He gestures at …
Special Opportunities planned blockbuster listing falls flat after failing to meet fundraising target
Special Opportunities REIT has pulled its IPO after falling short of its minimum fundraising target, scuppering the first stock market listing of a UK real estate investment trust in three …
Study in London, boost businesses in London
The partnership between London’s businesses and universities is a key driver of economic growth and success, says Dr Diana Beech With the capital region home to the highest-skilled economy in …
UK chip boss ‘really, really frustrated’ with funding environment as US investors lead
The founder and chief executive of Cambridge-based microchip firm Paragraf has expressed his deep frustration with the current funding environment in the UK. Paragraf CEO Simon Thomas Speaking to City …
Lack of train station catering options costing passengers, warns watchdog
Railways station operators are being urged to create more competition between resident food outlets, as a study by a regulator concluded passengers are being let down by a lack of …
Economy stagnant in April as recovery falters
The economy recorded no growth in April, in a sign of the challenges facing the next government after the election. According to figures from the Office for National Statistics (ONS), …