Upfront Diagnostics, a healthcare company focused on discovering novel biomarkers that can be applied to medical diagnosis, has announced a seed funding round of £1.6 million. The investment was led by APEX Ventures’ Medical Fund, following grant funding from SBRI Healthcare in partnership with Stroke Association, for Upfront Diagnostic’s patented blood-based diagnostic LVOne. Upfront Diagnostics…
The global payment market is growing while UK banks are ordering less cash, indicating the growing popularity of cashless payments. With mobile payments rising, there are strong indicators that the UK is rapidly shifting away from physical payment options, preferring the simplicity of mobile payments. This is especially prevalent in London as commuters make the…
German-owned discount supermarket Lidl can have an injunction to stop rival Tesco copying its logo, London’s High Court has ruled, despite hearing it will cost Tesco nearly £8m pounds to remove them all. Britain’s biggest retailer Tesco in April lost a trademark lawsuit brought by Lidl after Tesco adopted a yellow circle against a blue…
A water company boss has blamed people working from home for a new hosepipe ban. South East Water will impose the first hosepipe ban of the summer from Monday, affecting more than two million homes and businesses across Kent and Sussex. Its chief executive, David Hinton, said in a letter to customers that post-pandemic working…
HMRC figures out today show the tax authority believes small businesses are now responsible for 56% of the UK’s ‘tax gap’ – a total of £20.2bn in a single year*, says multinational law firm Pinsent Masons. This figure has now risen for four consecutive years. Small businesses were only believed to be responsible for 40%…
The economy is at a greater risk of falling into a recession in the year ahead as investors expect interest rates to rise to the highest level since 2000 in an effort to quell inflation. The Bank of England sprang a surprise with a bumper half-point interest rate rise, with financial markets expecting at least…
More than 50 per cent of people believe that the UK was wrong to leave the EU seven years on from the referendum, according to a new poll. Based on a survey of 1,525 adults and carried out at the start of June, the poll found that 34 per cent still believe that Brexit was…
The UK’s largest dairy cooperative has said there could be further increases in the price of milk and other dairy products if the government does not urgently tackle labour shortages in farming. The lack of workers is fuelling food price inflation, Arla said, warning that without action this could also lead to a crisis in…
Oliva, a healthtech platform offering specialist, on-demand mental health and wellbeing support to employees, has today announced a €5 million fundraise in a round led by Molten Ventures and joined by existing investors Stride VC and new backers Alumni Ventures. Angels including Kieran Flanagan, CMO at Zapier, also participated. The raise follows a year where…
Sam Wood, a final year student studying Film Production at the University of Salford and entrepreneur, has launched Salford Media Works, an all-inclusive creative content agency expected to disrupt the media and marketing sector, thanks to the support of Launch@ Salford. Launch, Salford Business School’s purpose-built incubation space, is designed to support Salford students and…
Discover the upcoming Big Switch Off of the Public Switched Telephone Network (PSTN) and its implications for small businesses. Learn how to smoothly transition to modern communication systems like VoIP and take advantage of its benefits. Follow our expert advice and get ready for the change. In just 18 months, the Public Switched Telephone Network…
The British Business Awards 2022, an extravagant event, saw an impressive turnout of over 200 attendees. The host for the evening was none other than Caprice Bourret, a supermodel who has successfully ventured into the world of business. The event took place at the prestigious King’s Place venue in London. This year’s awards received an…
The government’s spending watchdog, the National Audit Office (NAO), has revealed that Making Tax Digital (MTD) is expected to impose upfront costs of £1.5 billion on businesses. These costs were not included in HMRC’s May 2022 business case for MTD, where the focus was on ongoing costs. However, according to the NAO report, businesses will…
The windfall tax on oil and gas firms will be suspended if prices fall to normal levels for a sustained period, the government has announced. Halting the windfall tax would cut the overall tax rate on energy firms from 75% to 40%. A windfall tax is used to target firms which benefit from something they…
Britain remains on course to dodge a recession this year but growth will “flatline” as stubborn inflation and a tight jobs market continue to drag on the economy, according to the latest forecast from the British Chambers of Commerce (BCC). The lobby group has upgraded its growth prediction for 2023 to 0.3 per cent but…
