Warehouse robot startup BotsAndUs raises £11m

Autonomous warehouse robot maker BotsAndUs has secured $13m (£10.6m) in a seed round led by Swiss venture capital firm Lakestar. London-based BotsAndUs will use the capital to develop its robots that are used to measure, track and locate stock in a warehouse. The startup’s robots use artificial intelligence (AI) to create a digital twin […]

Porsche invests in British cycling insurance provider Laka

Porsche Ventures has invested $1.5m (£1.2m) into British cycling insurance provider Laka as part of a wider $13.5m (£10.9m) Series A funding round. Headquartered in London, the company is an insurance platform for cycling and electric vehicles. It plans to offer e-scooter, e-moped and electric car insurance in the future and will use the fresh […]

Netflix cuts 300 more jobs after subscriptions fall

Netflix has announced another round of job cuts as it grapples with slowing growth and increased competition. The streaming giant said it was cutting 300 more jobs – roughly 4% of its workforce – mostly in the US, after axing 150 people in May. The moves come after the company reported its first subscriber […]

Rail bosses hope offering redundancy compromise will end RMT strikes

Rail companies and unions edged closer towards a deal yesterday with bosses at Network Rail hinting that they had put together a package that met one of the RMT’s key demands to end strike action. The state-owned company had previously refused to rule out compulsory redundancies as part of efficiency savings that it was demanding […]

5 Prominent Industrial Hemp Market Players Leveraging Rising CBD Prominence

The progress of the industrial hemp market is mainly fueled by the increasing legalization of hemp-based products in numerous regions across the globe. The recent surge in awareness pertaining to the benefits associated with cannabidiol (CBD)-based products, along with the mounting availability of hemp-derived consumer products, has driven consumer interest substantially. Furthermore, prevalent product adoption […]

Revenue says £30bn of tax owed went uncollected last year

The taxman failed to collect more than £30 billion last year, the equivalent of £1 in every £20 owed. Figures released by HMRC showed £32 billion in tax went unpaid in the 2020-21 financial year — 5.1 per cent of the total the taxman is owed. The figure, known by HMRC as the “tax gap”, […]

Retail sales fall as shoppers cut back on food

UK shoppers cut back on food spending last month, adding to concerns that the economy is heading for an inflation-induced recession later this year. Retail sales fell by 0.5 per cent between April and May and by 0.7 per cent when fuel is excluded, according to data from the Office for National Statistics (ONS). Sales […]

Office Space In Town appoints youngest director Georgia Sandom as director of ESG

Leading serviced office and flexible workspace provider, Office Space in Town (OSiT), has appointed Georgia Sandom, already the company’s youngest ever Director, as its new Director of ESG. This appointment comes at the same time as OSiT launches its innovative new ESG strategy, which reflects the company’s longstanding values around sustainability, social diversity and inclusion […]

4 Prominent Factors Fostering Feed Phytogenics Market Outlook Through 2028

Increased emphasis on animal nutrition has been supplementing the growth of the feed phytogenics market. The expanding global population, coupled with increased health consciousness among consumers, has created significant product demand supported by growing consumer inclination toward emerging fad diets. Burgeoning demand for meat and dairy products has also played a crucial role in fostering […]

Tips for Being a Successful Business in the Modern Era

These days, many people have become a business owner one way or another. Whether it’s situated in the real world or is on an online platform, business has seen a dramatic increase in popularity. But there’s a different between simply opening a business and then actually making it successful are two different entities. If you’re […]