Deloitte: Profit up despite revenue slip amid ‘tougher market’ September 30, 2025 Profit at the UK arm of Big Four giant Deloitte rose during its latest financial year despite its revenue falling as it made “changes” to its structure. For the year to 31 May, 2025, Deloitte posted a revenue of £5.68bn, down from the £5.75bn it raked in during the prior 12 months. However, despite the [...]
Roblox: Hugely popular gaming platform surges in value September 29, 2025 Gaming platform Roblox surged in value in the UK in 2024 as it extended its popularity among Gen Alpha. The business, which is the most popular in the UK among young gamers aged eight to 12, is part of the wider US group founded by CEO David Baszucki and Erik Cassel. Roblox has more monthly [...]
Liz Kendall wraps cyberflashing into Online Safety Act September 29, 2025 Social media giants will be forced to crack down on cyberflashing under new duties to be announced by technology secretary Liz Kendall at the Labour Party conference. The move will see unsolicited nude images and videos classified as a “priority offence” under the Online Safety Act, placing strict new obligations on platforms to detect and [...]
Harrods’ customer details stolen in IT breach September 27, 2025 Harrods has warned some customers that their personal data may have been taken in an IT systems breach. The luxury Knightsbridge department store said information, such as names and contact details, of its e-commerce customers was taken after one of its third-party provider systems was compromised. In a statement, Harrods said: “We have been notified [...]
AI agents joining London Stock Exchange Group market in partnership with Databricks September 26, 2025 The London Stock Exchange Group (LSEG) has partnered with Databricks to deploy AI to optimise the workflow of financial teams. The Databricks agents are configured to optimise the work of agents at LSEG and bring LSEG’s financial data into the Databricks platform. Starting with Lipper fund data, analytics, and cross-asset analytics, financial teams can now [...]
AI helps drive win rates with written proposals September 26, 2025 Software firm AutogenAI has been increasing success rates for proposal writing firms, whilst the industry has grown tougher than ever in the past three years. The request for proposals (RFPs) are reported as being more complex than they were three years ago, with 75 per cent of proposal writers surveyed by AutogenAI in their upcoming [...]
UK fintechs send rallying cry as industry slips in global ranking September 25, 2025 UK fintech leaders have sent a rallying call to policymakers after the sector slipped in global rankings. A host of industry bigwigs have told City PM the government must be bolder in growth-orientated reforms to bolster the sector’s standing against rivals. It comes after Z/Yen’s 38th Global Financial Centres Index showed the UK’s fintech sector [...]
Code of conduct for IT professionals would help gain public trust in AI September 25, 2025 Billions of investment in AI will do little while the public remains suspicious of the tech. A public register for IT professionals could help address this, writes Emma McGuigan.
Reddit: Revenue more than triples as UK profit jumps September 22, 2025 Revenue at the UK arm of Reddit more than tripled during its latest financial year as profit also surged, it has been revealed. The London-headquartered division has posted a revenue of £96.7m for 2024, new accounts filed with Companies House show. That total is up significantly from the £28.4m it posted for 2023. From 1 [...]
Greg Jackson spins off Kraken from Octopus Energy September 18, 2025 Greg Jackson’s Octopus Energy has announced the spin-off of its technology arm Kraken to become a standalone business. The group said the move is aimed at “speeding up the platform’s expansion across the globe” and allowing Kraken to “fast-track investments into its technology, expand into new energy markets and regions, and drive innovation”. Kraken has [...]
