Bite-size news in business & technology, from big breaking stories to funding, appointments & deals
Published: September 15, 2025 at 7:45 am
J Sainsbury plc confirmed that it had entered talks to sell Argos to Chinese giant JD.com on Saturday – but they have already ended without agreement.
The listed supermarket group notified the London Stock Exchange this morning that the talks over Argos holding company Home Retail Group Limited – which it bought for £1.4 billion in 2016 – had been ‘terminated’.
It added that JD.com had ‘communicated that it would now only be prepared to engage on a materially revised set of terms and commitments which are not in the best interests of Sainsbury’s shareholders, colleagues and broader stakeholders’.
Published: September 15, 2025 at 7:30 am
London-listed tech firm Quadrise plc has appointed serial entrepreneur Peter Borup as its new CEO.
The technology company is focused on the decarbonisation of shipping and heavy industry through deployment of low emission fuels and biofuels, and Borup brings over 30 years of experience in the shipping industry.
He has worked in key global shipping hubs including Copenhagen, Seoul, Beijing, Singapore and Dubai, leading strategy, investment and shipping operations.
Published: September 15, 2025 at 7:22 am
Listed FinTech Fiinu Plc has entered into agreements to raise funds of up to £900,000 through the issue of 4,500,000 new ordinary shares at 20 pence per share.
At the end of last month, the business had its shares readmitted to AIM following the completion of its reverse takeover of Everfex P.S.A.
The Surrey-based firm has been developing its Plugin Overdraft, an open banking-enabled platform which allows customers to access overdraft facilities without switching bank accounts.
Published: September 15, 2025 at 7:20 am
Ulrik Bengtsson has now formally stepped down as non-executive chair of Hostelworld.
Bengtsson announced his intention to leave in March. Carl G. Shepherd, non-executive director, has assumed the role of interim chair while the board searches for a permanent successor.
Published: September 15, 2025 at 7:16 am
Craneware plc has reported a 9% increase in annual revenue to $205.7m.
The provider of healthcare financial performance solutions hailed its strategic position at the heart of the US healthcare market.
Adjusted EBITDA increased 12% to $65.3m for the year ended 30th June 2025.
Published: September 15, 2025 at 7:10 am
AFC Energy plc, a provider of hydrogen and clean power generation technologies, has appointed Nick Walker as chief strategy officer.
He has previously held senior investment research and/or corporate finance positions, at Liberum Capital, Evolution Securities, and Beeson Gregory, and was until recently head of renewable energy, clean tech & sustainability research at Peel Hunt.
Walker will lead the development and execution of AFC Energy’s commercialisation strategy as the Company advances its next generation of ammonia cracker and fuel cell technologies into global markets.
Published: September 15, 2025 at 7:05 am
The UK is set to sign a multi-billion-dollar tech investment deal with the United States during President Donald Trump’s state visit this week.
Inward investment from US financial giants is to create 1,800 jobs across London, Edinburgh, Belfast and Manchester, according to the UK Government.
Trump flies in for a second three-day state visit on Tuesday.
Published: September 15, 2025 at 7:00 am
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