The UK-based artificial intelligence company ElevenLabs has secured an additional $500 million in funding, bringing its valuation to an impressive $11 billion. This latest funding round was led by Sequoia
All posts tagged in business
21Articles
AstraZeneca has announced plans to invest $15 billion in China by 2030, aiming to enhance its manufacturing capabilities and expand research and development. This announcement comes during a visit by
>Next has solidified its position as a resilient player in the UK retail landscape amid rising costs and increasing online competition. The chief executive, Lord Wolfson, has led the company
LK Bennett, the well known British womenswear brand once synonymous with upper middle class elegance, has been placed on the market less than six years after its last rescue from
The European Commission has conducted an unannounced raid on the Dublin base of Temu, the Chinese e-commerce giant, as part of an ongoing enquiry into potential infringements of foreign subsidy
Leading UK retailers including Primark, Currys and Boohoo have publicly criticised the government for deferring the abolition of a key tax break on low value imported goods until 2029. The
More than 650 employees are set to lose their jobs after Unimetals, a major player in the scrap metals sector, filed for compulsory liquidation. The company, which operates from 27
In a move closely watched by the City, Associated British Foods ABF has signalled the start of a long anticipated review into spinning off its jewel in the crown Primark.
The UK’s leading companies are facing heightened cyber risks as officials at the National Cyber Security Centre (NCSC) have issued new warnings regarding vulnerabilities in widely used Cisco firewall devices.
OpenAI has eclipsed Elon Musk’s SpaceX to become the most valuable start up in the world, according to a recent deal that now values the artificial intelligence pioneer at five
The latest UK government bond auctions have revealed a notable drop in investor appetite, with policy ambiguity and mounting political risks causing turbulence in the debt markets. Yields on gilts
Keurig Dr Pepper has announced plans to acquire the owner of Peet’s Coffee, Douwe Egberts and Kenco, in a deal valued at £18bn, signalling a dramatic shift in the global
WeightWatchers is embarking on a transformative journey following a significant debt restructuring, positioning itself to compete in the evolving landscape of weight management solutions. The company, which recently emerged from
The recent cyberattack on Marks and Spencer has created an unexpected opportunity for strategic realignment, according to Chief Executive Stuart Machin. The retail giant’s leadership is viewing the disruption as
Britain’s economic prospects face mounting pressure as the Confederation of British Industry (CBI) warns of a significant slowdown driven by escalating labour costs, persistent inflation, and uncertainties surrounding US trade
British businesses are preparing significant workforce reductions and price increases in response to the £25 billion rise in payroll taxes introduced by Chancellor Rachel Reeves during the October budget, according
- 1
- 2
