businessbite
Live

Bite-size news and insight from UK business and tech – including funding, deals and appointments

TT Electronics shareholder to reject £287m takeover

Published: October 31, 2025 at 8:55 am

Author: Jonathan Symcox

A shareholder in TT Electronics Plc says it will reject the £287 million takeover offer from Swiss electronics firm Cicor Technologies Ltd.

DBAY, which owns a 16.5% stake in TT, said it is “not supportive of the acquisition”.

TT responded by revealing that it had rejected three “highly conditional” offers from DBAY for the company in the last three months, adding: “Against this background, the board of TT believes that DBAY may in some respects have a different agenda to other TT shareholders.”

Princes Group floats in London with market cap of £1.16 billion

Published: October 31, 2025 at 7:49 am

Author: Jonathan Symcox

Retail group Princes Group has floated on the London Stock Exchange with a market capitalisation of £1.16 billion.

The £2.1bn revenue food and drinks firm includes the brands Princes, Napolina, Branston, Batchelors, Flora, Crisp ‘N Dry, Delverde, Naked Noodle and Vier Diamanten.

The Liverpool-headquartered group exports its products to more than 60 countries and has more than 8,000 customers globally across large food retailers, B2B partners and the foodservice industry.

The offer price of its float has been set at 475 pence per share, equating to a market capitalisation of approximately £1.162bn. It includes a retail offer which it expects to raise £14m.

Princes said the float would raise primary capital of approximately £400m to support further inorganic growth via acquisitions.

CFO of listed Raspberry Pi to step down

Published: October 31, 2025 at 7:42 am

Author: Jonathan Symcox

The CFO of Raspberry Pi is to step down.

The Cambridge firm – behind low-cost miniature computers used extensively in education – floated in London in June 2024 at a valuation of £542 million.

Now Richard Boult has informed the board that in the second half of 2026, after seven years at the firm, he will leave the company to “explore new challenges and enable the company to put in place a team for its next period of growth”.

Raspberry Pi, led by CEO Eben Upton, has begun a search for his successor.

Auto Trader COO named new Moonpig CEO

Published: October 31, 2025 at 7:27 am

Author: Jonathan Symcox

Moonpig has appointed its new CEO.

Catherine Faiers will replace Nickyl Raithatha, who in June announced that he would be stepping down after seven years in the business.

Faiers is currently the COO at Auto Trader Group plc. Prior to this she was COO at Addison Lee, corporate development director at Trainline and a director at Close Brothers Corporate Finance.

Raithatha’s leaving date – and Faiers’s start date – will be announced in due course.

Who are new Dragons set for Den in 2026?

Published: October 31, 2025 at 7:22 am

Author: Jonathan Symcox

The Dragons’ Den line-up for 2026 has been revealed – with three new guest Dragons joining Gary Neville.

Tinie Tempah, Jenna Meek and Susie Ma will enter the Den for the first time alongside heavyweights Peter Jones, Deborah Meaden, Touker Suleyman and Steven Bartlett.

Sara Davies, as previously reported, will not return in 2026.

So who are the fresh faces?

Five stars for Snowball

Published: October 30, 2025 at 9:03 pm

Author: Patrick Killeen

Must give credit to my editor, Jonathan Symcox, who has taackled the live blog for the last few weeks. The whole watching and typing isn’t as easy as he makes it look!

He’s still not by any means the star of the show – with accessibility innovator Simon Sansome winning backing from all five Dragons in tonights finale.

You can read more about his pitch and reaction here.

That’s a wrap

Published: October 30, 2025 at 8:57 pm

A happy ending to series 22 of Dragons’ Den.

Thanks for following along.

A worthy ending

Published: October 30, 2025 at 8:55 pm

Snowball wins investment from all five Dragons.

He wins £80,000 in investment and the backing of five of the best.

All take 5%.

Reminiscing

Published: October 30, 2025 at 8:54 pm

Sansome gets slightly emotional when talking about how much his late mother promoted his app.

He says he knows that ‘she would have loved’ seeing him succeed in the Den, as he is doing to a huge extent here.

Bartlett full of praise

Published: October 30, 2025 at 8:52 pm

He mirrors Jones’ offer – £80,000 for 25%.

Suleyman is in the exact same boat.

All are open to sharing.

Persuading Google?

Published: October 30, 2025 at 8:50 pm

Jones says if he can persuade Google, he could find himself with access to every location on Maps and several million paying customers a year.

He also thinks he could help – making an offer of £80,000 for 25% – all of the money for 10% more than the initial offering.

He is also open to sharing.

‘Why Snowball?’

Published: October 30, 2025 at 8:48 pm

Sansome answers this question from Davies by explaining that it ‘doesn’t mean anything’ and therefore leaves room for it to be unique.

“You can ask, ‘does it have a snowball rating?’ which is the idea,” he explains.

Mapping accessibility through tech

Published: October 30, 2025 at 8:45 pm

Closing the episode – and the series – is Simon Sansome, founder of Snowball, a free accessibility app described as a “TripAdvisor for accessibility.”

Launched in 2022, Snowball helps users find, review and rate restaurants, shops, venues and public spaces based on how accessible they are.

The app covers everything from wheelchair access and disabled toilets to sensory-friendly environments and staff training.

A compromise and a deal

Published: October 30, 2025 at 8:42 pm

The Dragons both get their deal and the company gets an extra £55,000.

Can Bartlett add another?

Published: October 30, 2025 at 8:41 pm

He offers all of the money but for 3%.

He also includes that he will ‘go behind the business’ as part of the offer.

The duo ask if they are open to sharing, to which Bartlett says NO.

An offer from Meaden

Published: October 30, 2025 at 8:38 pm

She offers half of the money for 1.5% after calling the duo ‘exceptional’.

Suleyman reckons he can use his money more effectively, so is OUT.

‘Brilliant pitch, but nothing to invest in’

Published: October 30, 2025 at 8:37 pm

Those are the comments of Jones. He is OUT.

As is Sara Davies, who is yet to invest on her final episode as a Dragon. She will, however, sign up to the company, so it’s not all bad news.

‘Competitive landscape is vicious’

Published: October 30, 2025 at 8:34 pm

Bartlett questions how the two can compete with the giants of the telecoms industry.

Jones, who thinks the two are there for him, is doubtful of the business because it is only at 8,000 customers.

‘Transform the trillion dollar dinosaur industry’

Published: October 30, 2025 at 8:30 pm

The pair are asking for £110,000 for 1% of the business.

A mobile network with a conscience

Published: October 30, 2025 at 8:27 pm

Andy Aitken and Josh Mihill enter the Den with Honest Mobile, the UK’s first certified B Corporation mobile network, and one built on sustainability and transparency.

Founded in 2019, Honest Mobile gives 1% of its revenue to environmental causes and is officially carbon negative.

Its key feature, the Smart SIM, is a data-only eSIM that connects to whichever of the UK’s four major networks – EE, O2, Three or Vodafone – offers the strongest signal when your main SIM drops out.

Starting from £3.75 per month, the plan offers unlimited data on 500+ supported apps and free roaming in more than 180 countries.

Honest also rewards loyal users with monthly bill discounts, encouraging customers to stay for the long term.

Have Your Say

    Subscribe to our newsletter

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.