businessbite
Live

Bite-size news in business & technology, from big breaking stories to funding, appointments & deals

Ben Stokes-backed Seat Unique renews London Stadium deal

Published: September 22, 2025 at 4:44 pm

Premium experiences platform Seat Unique has renewed its partnership with the London Stadium following a successful summer of live music in 2025.

Since first being named the official premium platform for the home stadium of West Ham United, the London-headquartered firm is said to have delivered ‘standout premium experiences’, including the creation of the Seat Unique Club, which hosted guests for numerous sold-out shows. 

The business, which is backed by a multitude of British sporting figures, has also confirmed that it has seen a positive start to sales for events taking place in the summer of 2026.

Bodycare to shut final stores, leading to 444 job losses, in administration saga

Published: September 22, 2025 at 4:13 pm

Administrators have confirmed that Bodycare will shut its final 56 High Street stores, leading to the loss of 444 jobs.

The retailer, which collapsed into administration earlier this month, had already announced 30 store closures last week.

Administrators said mounting costs and difficulties securing stock meant keeping the chain’s 115-strong estate trading was no longer sustainable.

The news comes after Sky News reported that Bodycare had been searching for a buyer to rescue the business.

North East ClimateTech startup raises investment spearheaded by Lifted Ventures

Published: September 22, 2025 at 4:10 pm

North East ClimateTech Mutha Cuva has secured significant angel investment in pre-seed funding to scale its subscription-based platform for heat pump servicing and maintenance.

The round was spearheaded by regional female investment firm, Lifted Ventures, with participation from nine angel investors in the Lifted Ventures network.

Founded by Amy Mooney, an experienced heating industry director, the startup is tackling one of the UK’s most urgent clean energy challenges in ensuring reliable and scalable aftercare for heat pumps as they replace gas boilers.

Its solution is a technology-led subscription service that aims to simplify and streamline heat pump maintenance.

Titanic Belfast plays host to Catalyst’s annual Inbound Investors event

Published: September 22, 2025 at 4:07 pm

Northern Ireland’s science and technology hub Catalyst brought 40 UK and Irish venture capital firms to Belfast last week for its annual Inbound Investors event, to meet and hear from 50 of the country’s fast-growing startups and scaleups.

Held at Titanic Belfast on Thursday 18th September, supported by headline partner British Business Bank, the occasion saw Northern Ireland’s most high-growth potential companies meet with and pitch to relevant investors through tailored pre-matched meetings.

With investments from Pre-Seed up to Series A available, Inbound Investors gave participating companies such as MoveTru and Eolas Medical, from SportTech and MedTech sectors the opportunity to secure funding in order to grow their business.

New York-based INSHUR appoints ManyPets founder to UK board of advisors

Published: September 22, 2025 at 3:49 pm

INSHUR, an insurance platform for the on-demand economy, has appointed ManyPets co-founder and former CTO Guy Farley to its UK board of advisors

Farley, named multiple times as one of Computer Weekly’s Top 100 Most Influential People in UK Technology, brings deep experience in building and scaling insurtech businesses.

At the New York-based InsurTech, he will help advise and validate the company’s technology roadmap, with its focus on AI and the fast-emerging autonomous vehicle market.

Collins Aerospace cyber attack is another wake up call

Published: September 22, 2025 at 3:34 pm

Author: Tom Kidwell, former British Army and UK Government intelligence specialist

The attack over the weekend was another stark reminder of the dangers Europe’s most critical organisations face. While details at this moment in time are scarce, we know from experience the most common ways attackers breach these types of organisations.

Phishing campaigns, which despite being the most basic are also the most effective, have long been the favourite technique used by attackers. However, recent attacks on M&S, Co-op, and JLR are suspected to have been carried out using social engineering; a devastating vector which uses the identities of real or fake employees to trick other staff into compromising their own organisations, lowering defences or sharing critically sensitive information.

The reality is that, in 2025, the world is not on the most steady heading. Active conflict zones in Europe, the Middle East, Asia and Africa are causing global diplomatic tensions.

While many are concerned about physical attacks on the UK and Western Europe, there is a much higher probability of damaging cyber attacks being aimed this way, likely by Russia or other malicious states.

The purpose of these attacks, often carried out by a private company on behalf of a nation state, seek to cause disruption, financial loss and sometimes loss of life.

Looking at the attack on Collins Aerospace, it’s easy to see why they would be a target for this type of attack; although we still don’t have any confirmation on where this attack has come from.

This attack is another wake up call that the risk of our CNI (critical national infrastructure) being targeted by malicious actors is growing and, without fresh approach to managing that risk, breaches will continue to occur.

Unicorn CEO explains why UK tech won’t list in London

Published: September 22, 2025 at 3:17 pm

Author: Chris Maguire

Barney Hussey-Yeo, CEO of fast-growing UK FinTech Cleo, said things need to change if tech firms are to list in London instead of Nasdaq.

He described the exodus from the UK as  a ‘real travesty’ and called on better incentives for the tech sector.

The entrepreneur  suggested: “Offer preferential CGT treatment for founders who list on the LSE and remain listed for a set period. With very few venture-backed listings today, the revenue impact is negligible.

“Exempt venture-backed tech companies from stamp duty on share transactions. This self-inflicted wound reduces liquidity for no good reason.

“Create a pan-European exchange or explore an LSE-Nasdaq merger. Give UK tech access to deeper capital pools and global liquidity.”

It’s widely reported that Cleo has hit unicorn status and Hussey-Yeo said November’s budget was the ‘moment to get the LSE working’.

 

Tide becomes latest UK unicorn as £89m raise gives it £1.1bn valuation

Published: September 22, 2025 at 2:50 pm

Author: Patrick Killeen

Tide has secured more than £89 million in new funding from global investor TPG, lifting the London-based business management platform’s valuation to £1.1 billion.

The deal, backed by existing investor Apax Digital Funds, will accelerate the FinTech’s international expansion, product innovation and adoption of agentic AI.

It now serves 1.6m members across the UK, India, Germany and France.

Yemi Lalude, partner at TPG and head of EMEA for The Rise Funds, will join Tide’s board as part of the deal.

Did Heathrow cyber attackers access ‘gold dust’ data?

Published: September 22, 2025 at 1:32 pm

Author: Zain Javed, CTO, Citation Cyber

The piece that isn’t being talked about enough [around the Heathrow cyber incident] is the data angle. Outages grab headlines because of queues and cancellations, but if attackers were inside MUSE, they could also have accessed passenger details, staff accounts, or even airline credentials. 

That kind of information is gold dust for cybercriminals. It can be sold on or used in future attacks long after the airport queues have cleared. The operational disruption is painful, but the hidden long-term risk is data exposure.

It could fuel future cyber attacks long after the queues at Heathrow have cleared.

What do you think? Have your say above

YASO secures £8.25m to target thriving Chinese market

Published: September 22, 2025 at 1:02 pm

YASO has raised £8.25 million in a Series A round led by Puma Growth Partners, with backing from Guinness Ventures, Playfair Capital, Koro Capital, Haatch Ventures, Sequel, Portfolio Ventures, Nodes and Founders Capital.

The London and Shanghai-based business was founded in 2022 by Jonny Plein, James Campbell and Adam Knight, who are fluent in Mandarin and experienced in the Chinese market. It now employs 20 people.

China is the world’s largest e-commerce market, accounting for over half of global sales, and YASO’s platform enables brands to plug directly into Douyin, Tmall and RedNote without local partners or costly infrastructure.

The investment will be used to expand sales and marketing, accelerate client onboarding and grow platform capabilities.

Scott Dylan handed eight-year ban ahead of prison release

Published: September 22, 2025 at 12:58 pm

Author: Jonathan Symcox

A former boss of Inc & Co has been disqualified after acting as a director of a company for two years while he was bankrupt.

Scott Dylan, 41 – now based in Dublin, and formerly based in Salford – is expected to be released from prison next week after serving half of a 22-month sentence for contempt of court after 60 companies controlled by him and his associates David Antrobus and Jack Mason were transferred to two companies in the British Virgin Islands, in breach of freezing orders Barclays Bank had obtained.

That unconnected case saw all three handed 22-month sentences in October 2024. The judge accused them of “lying prolifically” to cover up their actions; Barclays accuses the trio of “extracting” £13.7m from its bank accounts.

Now the Insolvency Service has banned Dylan from operating as a company director for eight years after it found he had acted as a director of IT consultancy SDRW Limited between July 2013 and July 2015, despite being subject to a bankruptcy order that had been in place since July 2005. 

Dylan’s disqualification begins on Friday 26th September and runs through to 2033.

Latos secures planning permission for £100m Stockton-on-Tees facility

Published: September 22, 2025 at 12:16 pm

Neural edge infrastructure company Latos has secured full planning approval for its first neural edge facility in Stockton-on-Tees.

The firm says that the £100 million facility will deliver ‘game-changing AI inference capabilities and absolute data sovereignty’, marking the beginning of Latos’ ambitious 40-site national rollout.

It comprises two data halls with a total area of 1,750 sq.m, is custom designed to house the latest Nvidia Blackwell GPUs and will open in early 2027.

ASDA renews Microsoft partnership in one of ‘biggest-ever UK retail deals’

Published: September 22, 2025 at 12:08 pm

ASDA has renewed and expanded its collaboration with Microsoft in what it claims as one of UK retail’s largest technology deals to date.

The retailer is accelerating a cloud-first strategy designed to sharpen price leadership, improve product availability and free its people to focus on higher-value work.

It is on a mission to become a cloud-first, AI-powered retailer.

Nokia and Ericsson win £2bn VodafoneThree contracts

Published: September 22, 2025 at 11:46 am

Author: Patrick Killeen

VodafoneThree has awarded contracts worth £2 billion to global communications technology leaders Ericsson and Nokia.

The news comes just three months after the £16.5bn mega-merger was complete and is the next stage in its mission to build the UK’s best mobile network.

The Scandinavian-based firms will help deliver a share of the company’s £11bn investment plan, which aims to boost the UK economy by as much as £102bn between 2025 and 2035.

The eight-year programme is set to power sectors from energy and financial services to manufacturing, security and technology in an attempt to transform the UK’s digital backbone.

LunaNet to integrate its AI tech into Ring Healthcare platform

Published: September 22, 2025 at 11:25 am

Manchester-based LunaNet AI and Ring Healthcare have signed an agreement to collaborate on the integration of LunaNet’s proprietary AI technologies into Ring Healthcare’s digital health platform.

The partnership will bring together the Manchester-headquartered company’s advanced AI modules with Ring Healthcare’s established healthcare infrastructure to deliver enhanced patient monitoring, wellbeing analysis and intelligent triage support.

Under the agreement, the two businesses will jointly develop, test and deploy AI-powered healthcare solutions designed for use in hospitals, care homes, and wider healthcare networks.

Dame Anne Glover on UK-US Tech Prosperity Deal

Published: September 22, 2025 at 11:10 am

Author: Dame Anne Glover, chief executive, Amadeus Capital Partners

The recently announced US/UK Tech Prosperity Deal is a welcome signal of confidence in the UK’s tech ecosystem.

The scale of investment demonstrates global confidence in the UK as a hub for innovation and growth.

This partnership will not only accelerate the development of transformative technologies such as AI, quantum computing and advanced nuclear power, but also create thousands of high-skilled jobs and new opportunities for communities across the country.

At Amadeus, we’ve long championed the UK’s potential to lead in science-driven innovation, and this deal could be a catalyst for scaling our most promising startups into global players.

However, we must ensure that this momentum translates into sustainable growth for homegrown companies.

That means doubling down on talent development, regulatory clarity and domestic capital formation, so that British innovation doesn’t just attract foreign investment, but thrives independently.

Innovation alone isn’t enough, we must fuel it with patient, risk-embracing capital and create a policy environment that supports long-term scaling.

For example, unlocking even 0.5% of the UK’s vast pension assets for venture capital could be transformative, helping our companies grow and stay rooted in the UK.

THG’s market cap tops £500m

Published: September 22, 2025 at 10:45 am

Author: Chris Maguire

THG’s market cap has topped £500m  on the back on a 3 per cent rise in its share price on Monday morning.
The Manchester retailer,  which is set to make a swift return to the FTSE 250 list on Wednesday (September 24th), saw its share price rise to 37p by 10.30am.
Analysts have been buoyed by the performance of Myprotein  and talk of  THG’s planned partnership with an unnamed ‘global confectionary leader’.
THG’s market cap currently stands at £511m – up from £352m at the start of June.
Although a significant improvement on its recent performance it’s still well down on THG’s £5.4bn valuation at the time of its 2020 IPO.

Cyber expert on Heathrow incident

Published: September 22, 2025 at 9:03 am

Author: Ted Cowell, head of cybersecurity at S-RM

We’ve seen threat actors like the ones who’ve claimed responsibility for this most recent attack focus on manipulating airport security in the past, targeting helpdesks and customer service teams to bypass security measures and access internal systems. 

In this attack, it’s baggage handling as well as customer services that’s impacted.

These attacks don’t always rely on exploiting technical or software vulnerabilities to gain a foothold in victims’ IT environments – they’re often highly persuasive social engineering campaigns that weaponise publicly available information to impersonate internal staff.

The threat landscape has become increasingly fractured. S-RM’s latest report found our incident response team encountered 53 separate threat actors in 2024 – almost double the number seen in 2023. 

For organisations in this sector and beyond, identity security and helpdesk resilience are no longer optional; they’re absolutely critical.

Murdoch’s, Dell & Ellison could all be involved in US TikTok deal, says Trump

Published: September 22, 2025 at 8:54 am

US President Donald Trump has suggested that media tycoons Lachlan and Rupert Murdoch may be involved in a potential deal that would bring TikTok’s American operations under US ownership.

In a Fox News interview, Trump also mentioned Michael Dell, founder and chief executive of Dell Technologies, and Oracle boss Larry Ellison as other possible players in the deal.

Greater Manchester Institute of Technology unveils BBC partnership

Published: September 22, 2025 at 8:49 am

The Greater Manchester Institute of Technology (GMIoT) has announced a new strategic partnership with the BBC.

The organisation says that the collaboration will play a vital role in shaping the region’s digital and technical talent pipeline, providing Greater Manchester’s learners and workforce with the skills needed for the future of media.

As one of the largest technical employers in the North West, with over 3,500 staff based at its MediaCityUK site in Salford, the BBC will play an essential role in the GMIoT’s mission to deliver cutting-edge higher technical education aligned to the needs of industry.

The partnership will help create new routes into creative media, engineering and digital technology roles through high-quality vocational training and degree-level apprenticeships.

Have Your Say

    Subscribe to our newsletter

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