OnlyFans, the content subscription platform best known for its ties to the adult entertainment industry, could soon have new owners. According to reports, a US investor group led by Los Angeles-based Forest Road Company is…
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Business
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Artificial intelligence systems could account for nearly half of all power consumption in global datacentres by the end of this year, according to new research — fuelling growing concerns over the environmental impact of AI…
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Millions of households across the UK will see some relief on their energy bills this summer, after energy regulator Ofgem announced a 7% cut to the price cap, reducing the average annual bill to £1,720…
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British consumer confidence has bounced back this month, according to the latest GfK survey, as fears of a global trade war subside and optimism about personal finances improves — despite a spike in inflation linked…
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The UK’s private sector shrank for the second consecutive month in May, fuelling concerns that the economy’s strong start to the year could be reversed in the second quarter. The S&P Global/CIPS purchasing managers’ index…
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Business
WeightWatchers pivots from diets to drugs in UK partnership with anti-obesity treatment provider CheqUp
In a dramatic departure from its traditional focus on calorie counting and group weigh-ins, WeightWatchers has announced a new strategic partnership in the UK with CheqUp, a provider of GLP-1 weight-loss medications such as Wegovy…
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Strava, the fitness tracking app that has become a lockdown staple for millions of runners and cyclists, has confirmed a new valuation of $2.2 billion following its recent acquisition of Runna, a UK-based running coaching…
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ScaleWise, the go-to-market (GTM) and talent partner for scaling B2B tech companies, has announced its role in supporting BGF’s £15 million investment in Cronofy, the fast-growing scheduling infrastructure platform. As part of the deal, BGF…
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The UK government is considering selling the Sevington border control post in Kent, a facility built for post-Brexit customs checks, following this week’s UK-EU trade pact that could render dozens of similar sites redundant. Constructed…
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Fast-growing self storage operator Pink Storage has completed a £1.5 million investment into a newly acquired site in Nottingham, marking the latest milestone in its ambitious UK expansion strategy. The deal includes the £1.1 million…