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Here's an exclusive look at the pitch deck Wagestream used to raise $25 million while working out of a garden shed

Fast-growing UK fintech startup Wagestream has raised £20 million ($25 million) in a fundraising led by Northzone.  Wagestream lets employees draw down their wages early in exchange for a flat fee. "It's probably not the ideal time to fundraise but we knew we could scale globally so went ahead because we need funds to do that," Wagestream founder and CEO Peter Briffett told Business Insider in an interview. Visit Business Insider's homepage for more stories.  London fintech startup Wagestream...
Tags: UK, London, US, Trends, Spain, NHS, Bill Gates, Jeff Bezos, Northzone, LCIF, Wagestream, Fintech Wagestream, Peter Briffett, Briffett, Northzone Wagestream, Netherlands Wagestream


UK’s Royal Mail has a new ‘green’ delivery van — but it’s really an ‘electric’ London taxi

What’s the difference between taxi drivers and mail delivery people? According to the UK’s Royal Mail service, not a lot it would seem. The United Kingdom’s Royal Mail is set to trial an electric delivery vehicle based on the London Electric Vehicle Company‘s (LEVC) electric black cabs. In an announcement made earlier today, the postal service said that it will test one of the vehicles in urban locations including: Birmingham, Derby, Leeds, Edinburgh, and Bristol. Hockley, in the Birmingham subu...
Tags: Startups, Electric Vehicle, UK, London, Cars, United Kingdom, Royal Mail, Birmingham, Shift, LEVC, London Electric Vehicle Company, Birmingham Derby Leeds Edinburgh, Bristol Hockley


How a room full of sweaty test subjects inspired AI startup Turing Labs to build a virtual R&D center that's hooked giant product companies as customers

Turing Labs, a small Toronto startup, is doing research and development for multi-national corporations that have closed their testing labs during COVID-19.  The startup harvests a company's historical data and uses machine learning to simulate experiments on potential new products, with the goal of finding new formulas for the likes of soap, laundry detergent, or salad dressing.  Tests that used to take a year and a half – and a room full of sweaty test subjects – can now be turned around in ...
Tags: UK, Toronto, Trends, Silicon Valley, Turing, Midwest, Eric Ries, Ries, Lean Startup, Turing Labs, Govind, The Lean Startup, Moment Ventures, COVID, Shrimali, Ajith Govind


Funding Black scientists could help dismantle structural racism in research

The cumulative effects of structural racism were the major contributing factor in the disproportionate impact of COVID-19 on groups described as Black, Asian, or other minority ethnic (BAME) in the UK. That was the overwhelming message from the recent Public Health England review on the issue. The central theme of the review’s seven recommendations, which included better research, assessment, healthcare access, and education, was the need to address how these structural problems affected people’...
Tags: Startups, UK, World, Public Health England, BAME, Syndication


More details released on new Wendy's in Reading

It will be one of the first UK stores for the American fast food chain [Author: [email protected] (Hugh Fort)]
Tags: Business, UK, Wendy, Hugh Fort


Europe faces deep recession and UK will shrink by 10%, says EC

Gloomy forecast comes 10 days before EU leaders meet to discuss €750bn recovery planEurope is facing a deep recession in 2020, while the UK economy is forecast to shrink by almost 10% this year, the European commission has said.Brussels is forecasting an 8.3% drop in GDP for the 27 economies of the European Union in 2020 followed by a 5.8% rebound in 2021. The eurozone is forecast to contract by 8.7% this year, with 6.1% growth in 2021. Both are worse declines and weaker rebounds than the histor...
Tags: Europe, Business, UK, Economics, Eu, European Union, UK News, European Commission, Brussels, Eurozone, EC


OnlyFans could face a bill for three years' worth of unpaid taxes in the UK, reports say

OnlyFans could be hit with a bill for three years' worth of unpaid taxes, according to reports.  The content subscription platform has exploded in popularity under lockdown, with a reported 75% surge in signups under lockdown. It's become popular as a place for porn creators to cater directly to fans. The firm has started charging VAT on top of fans' monthly subscriptions, according to Sky News, with the company claiming the change is down to a new "interpretation" of the law.  The UK's tax au...
Tags: UK, London, Trends, Eu, Hmrc, Sky, Sky News, Zelda


A first-time founder who just launched a new food hall startup shares 5 tips for starting a business during a crisis

The world is set to plunge deeper into recession, but that has not stopped ambitious founders from setting up new companies and raising capital. One such founder is Dan Warne, formerly a senior executive at unicorn British food delivery startup Deliveroo.  Warne has launched a new food hall business, Sessions Market, to rejuvenate UK town centers. Sessions opened the doors to its first venue on July 4. We asked Warne for his advice to first-time founders setting up shop when there's a tough ec...
Tags: Amazon, UK, Trends, Brighton, Airbnb, Bristol, Deliveroo, Don, Warne, Spotify Uber, Dan Warne, Deliveroo Warne, COVID, Travelzoo Warne, Shelter Hall, Brighton Ventures


One million jobs become available as UK reopens

Almost one million jobs are available across the country as businesses reopen from the lockdown and need to take on more staff, according to recruiters.There are 990,000 jobs adverts, including 92,000 new postings in the past week,... [Author: [email protected]]
Tags: Business, UK


Spark Sport brings in UK company for domestic cricket coverage

Spark Sport says it has appointed UK company Whisper as its production partner for its domestic cricket contract, which covers the next six seasons. Read More Sky launching broadband, issuing cheap shares to raise $157m Sky... [Author: [email protected]]
Tags: Business, UK, Spark Sport


Spark Sport brings in UK company to for domestic cricket coverage

Spark Sport says it has appointed UK company Whisper as its production partner for its domestic cricket contract, which covers the next six seasons. Read More Sky launching broadband, issuing cheap shares to raise $157m Sky... [Author: [email protected]]
Tags: Business, UK, Spark Sport


Black Women Entrepreneurs Are Making Major Boss Moves, Including Going Global

All women entrepreneurs are making great progress expanding their businesses internationally, especially black women. Claudine Moore is one such entrepreneur who has successfully led New York-based C Moore Media (CMM), an international strategic communications firm, since 2010, by providing specialized services for global clients. Claudine says, “when I got laid off during the economic downturn in 2009, I left Hill & Knowlton Strategies with a couple of clients. That consulting evolved into CMM,...
Tags: UK, New York, Featured, Sales, West Africa, Claudine, CMM, Global Women Entrepreneurs, Black Women Entrepreneurs, Going Global, Wegg® Blog, Women Entrepreneurs Grow Global blog, Boss Moves, Claudine Moore, C Moore Media CMM


Inside the lavish lives of the billionaire family behind Boohoo, the fast-fashion giant called out in an investigation into workers being paid just $4 an hour at suppliers' factories

Boohoo is the UK's fast-growing fast-fashion retailer that was set up in 2006 by Mahmud Kamani and his business partner Carol Kane and is now valued at more than $4.3 billion.  The company has come under intense scrutiny this month after a Sunday Times investigation found that a factory supplying its clothes was paying workers as little £3.50 ($4.37) an hour and flouting COVID-19 social distancing rules. The company said it is investigating the report and described the conditions as "totally ...
Tags: UK, New York, Instagram, America, Trends, Manchester, The Times, The Guardian, Whistler, Sunday Times, Primark, Reuters, Boohoo, Adam, Aisha, Samir


Uber is buying Postmates in a $2.65 billion deal as it leans on food-delivery to make up for coronavirus losses (UBER)

Uber will buy food delivery firm Postmates for $2.65 billion in an all-stock deal, Uber said Monday, confirming earlier reports.  Postmates was founded by Bastian Lehmann, Sam Street, and Sean Plaice in 2011. It currently only serves the US, and is headquartered in San Francisco. Uber has been circling around several smaller food-delivery businesses over the past few years, attempting to buy GrubHub and the UK's Deliveroo. Visit Business Insider's homepage for more stories. Uber will buy the ...
Tags: Uber, Europe, UK, US, Trends, Zomato, Postmates, Uber Eats, Bastian Lehmann, EBITDA, Wedbush Securities, GrubHub, San Francisco Uber, Dara Khosrowshahi, Cornershop, Khosrowshahi


The UK may back down from using Huawei for its 5G buildout. Huawei says the UK is letting policy be 'dictated' by the Trump administration.

Reports came out from the Telegraph and Bloomberg at the weekend that Britain's National Cybersecurity Centre gave the government a report saying recent US sanctions make Chinese tech firm Huawei a higher security risk for building out 5G networks. Culture Secretary Oliver Dowden confirmed Monday he's received the report, and he will be discussing with Prime Minister Boris Johnson whether to alter policy. The UK announced in January it would allow Huawei to play a limited role in building the ...
Tags: UK, White House, China, US, Trends, Bloomberg, Britain, Boris Johnson, Parliament, LBC, Johnson, Huawei, European Parliament, Trump, Zhang, Liu


Uber will buy food-delivery startup Postmates for $2.65 billion

Uber will buy food delivery firm Postmates for $2.65 billion in an all-stock deal, Uber confirmed on Monday. Postmates was founded by Bastian Lehmann, Sam Street, and Sean Plaice in 2011. It currently only serves the US, and is headquartered in San Francisco. Uber has been circling around several smaller food-delivery businesses over the past few years, attempting to buy GrubHub and the UK's Deliveroo. Visit Business Insider's homepage for more stories. Uber will buy the food delivery startup...
Tags: Europe, UK, US, Trends, Zomato, Postmates, Wedbush Securities, GrubHub, San Francisco Uber, Dara Khosrowshahi, Cornershop, Dan Ives, Bastian Lehmann Sam Street, Sean Plaice, Shares of Uber


Boris Johnson's own party is threatening to scupper his government if he doesn't quickly remove Huawei from UK 5G

Conservative MPs are stepping up their campaign to eliminate Huawei from the UK's 5g network. Boris Johnson is expected to announce plans to phase out the Chinese telecoms firm by 2029. However, a sizeable group of MPs in Johnson's Conservative party want Huawei removed by 2023. Those MPs are reportedly threatening to launch a sustained campaign of rebellion in Parliament. The ex-head of the MI6 on Monday said that the UK should exclude Huawei from its infrastructure. US sanctions on the Huawe...
Tags: UK, London, White House, China, US, Trends, Conservative, Britain, House Of Commons, Boris Johnson, Iain Duncan Smith, Parliament, Johnson, Huawei, Financial Times, Trump


UK e-scooter legalization: Everything you need to know

Electric scooters will become legal on roads in England, Scotland and Wales from Saturday July 4 2020 if obtained through a share scheme. Following the release of government guidance as part of a 12-month trial of such schemes, e-scooter companies are preparing to get the vehicles onto the streets of British cities as soon as possible. Around 50 councils have expressed interest in hosting the schemes, with Middlesborough named as a potential site for early adoption. The scooters will be limited ...
Tags: Startups, UK, Wales, Shift, England Scotland, Middlesborough, Syndication


Accountancy giants face revamp amid criticism

The UK's Big Four firms must ring-fence parts of their business after the collapse of firms such as Carillion.
Tags: Business, UK


How tech firms can drive growth — without making inequality worse

For many cities, tech hubs have been a key to jump starting economic growth in the wake of the global financial crisis. In an era of uncertainty, tech-sector growth is proving to be a driving force for nations attempting to reach into the “next economy”. In the UK, for instance, the sector is – optimistically – predicted to grow four times faster than GDP, while tech job growth is expected to outperform all other occupation categories by 2020. By traditional measures of a successful economy – jo...
Tags: Startups, UK, Tech, Growth Quarters


Here's an exclusive look at the pitch deck robot startup BotsAndUs used to raise $2.5 million

UK-based robot startup BotsAndUs has raised £2 million ($2.5 million) from VC investors Kindred Capital and Capnamic Ventures.  The company secured its first institutional funding round during coronavirus amid an increase in demand and enquiries for its services.  "COVID-19 has pushed autonomous tech into spotlight and it's ready to be deployed in these dynamic areas and we can benefit from it," BotsAndUs CEO and cofounder Andrei Danescu told Business Insider in an interview. "People have snap...
Tags: Europe, UK, Trends, European Union, Dnata, Capnamic Ventures, COVID, Andrei Danescu, Robot Union, MediaMarktSaturn Heathrow Airport British Airways, Danescu


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. Uber will acquire food delivery startup Postmates in $2.6 billion all-stock deal, reports say. Sources told Bloomberg and The New York Times that the all-stock deal could be announced as soon as Monday. A group of European digital advertising groups on Friday criticized Apple's plans to require apps to seek additional permission from users before tracking them across other apps and websites. Apple last week disclosed features in...
Tags: Apple, Amazon, Elon Musk, UK, India, Trends, Tesla, Bloomberg, New York Times, Maxwell, Huawei, Financial Times, Alexa, Roposo, David Einhorn, Amazon Studios


From dusted-off bikes to electric dreams: UK green economy booms on back of Covid-19

From dusted-off bikes to electric dreams: UK green economy booms on back of Covid-19. Pandemic accelerates developments in sustainability from businesses and consumers
Tags: Business, UK, News


UK new car sales post smaller slump in June on annual basis

British new car registrations fell by a third on an annual basis in June when many dealerships reopened after COVID-19 lockdown measures were lifted, according to preliminary data from an industry body, a smaller drop than in March, April and May. Around 145,000 units were registered in June, the Society of Motor Manufacturers and Traders (SMMT) said. The SMMT added that year-to-date, the market was almost 50% behind where it was at the same time in 2019.
Tags: Business, UK, News, SMMT, Society of Motor Manufacturers and Traders SMMT


Huawei faces UK 5G ban within months - report

UK Prime Minister Boris Johnson is poised to begin phasing out the use of Huawei technology in Britain's 5G network as soon as this year, in a major about-turn, The Telegraph can disclose. Read More GCSB boss Andrew Hampton... [Author: [email protected]]
Tags: Business, UK, Britain, Boris Johnson, Huawei, Andrew Hampton


There's a debate raging in video games over whether loot boxes should be classified as gambling

There's a debate raging over whether in-game loot boxes encourage kids to gamble. In the UK, the House of Lords this week recommended the legal reclassification of loot boxes in video games as gambling. Loot boxes are a mechanic where a player pays either with in-game currency or real money for a randomized in-game item. These items can sometimes be traded amongst players for real money as well. Experts are divided over whether paying for loot boxes has a causal link to gambling and one told B...
Tags: UK, Trends, House Of Lords, Fifa, Business Insider, Juniper Research, University of York, Pete Etchells, Bath Spa University, Oxford Internet Institute, Andrew Przybylski, Przybylski, David Zendle, University of York Dr Zendle, Zendle


Have a heart, KitKat, don't break with Fairtrade

Nestlé is big in York, but the city is fighting the brand’s decision to make life harder for African cocoa farmersHere’s a quiz question: how many KitKats are produced in the Nestlé factory in York each year? A hundred million? Keep going. The plant makes a billion of the UK’s bestselling chocolate bars annually. That volume is one reason that the company’s shameful decision to end the brand’s Fairtrade certification will have such a devastating effect on cocoa farmers.I visited some of the Fair...
Tags: Food, Business, UK, Africa, Fair Trade, World news, Food & drink industry, Global development, Chocolate, Ivory Coast, York, Nestle


Huawei could be cut out of UK's 5G network this year, say reports

GCHQ believed to be advising Boris Johnson that Chinese firm poses higher security riskThe UK is poised to end the use of Huawei technology in its 5G network as soon as this year because of security concerns, according to reports.The prime minister, Boris Johnson, is set to make a major policy change after GCHQ is believed to have reassessed the risks posed by the Chinese technology company, newspapers have said. Continue reading...
Tags: Business, Politics, UK, Technology, Gchq, Conservatives, UK News, World news, US news, Telecommunications industry, Telecoms, UK security and counter-terrorism, Boris Johnson, Huawei, 5g


Boohoo booms as Leicester garment factories are linked to lockdown

Exclusive: Fashion brand profits from ‘stay home’ clothing supplied at speed from city now experiencing Covid-19 surgeCoronavirus – latest updatesSee all our coronavirus coverageOn 27 March, even as the rest of the UK were trying to make sense of how to get through the coronavirus crisis, Boohoo seemed to have nailed it.It was a Friday, and usually the fast-fashion brand’s irrepressibly bouncy Twitter account would be pitching dresses and shoes to its followers ahead of a night out. But this was...
Tags: Business, Fashion, UK, Money, Life and style, UK News, Consumer affairs, Retail industry, Online Shopping, Fashion industry, Leicester, Boohoo, Coronavirus outbreak


Why an early exec quit unicorn food delivery startup Deliveroo to launch a food business in the middle of a pandemic

A former Deliveroo exec has launched a market food hall startup in the middle of COVID-19. Dan Warne was managing director of the unicorn startup until 2019, but has now launched Sessions Market as a community food hall concept to rejuvenate UK towns after the pandemic. Warne says he hopes to bring his experience from Deliveroo, particularly about customer behavior, to the analogue world of food halls. The first venue, Shelter Hall on Brighton seafront, launches July 5. Visit Business Insider'...
Tags: Amazon, UK, London, Trends, Netflix, Brighton, Deliveroo, Warne, Dan Warne, Warne Warne



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