Tag: businesses
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Allica and ClearBank’s UK businesses report third year of profits
UKSME lender Allica Bank today reported its third consecutive year of profit, whilethe UK business of another UK fintech, ClearBank, also reported its third consecutive year of profit. Pre-tax profits at fintechAllica were up 23 per cent year-on-year to £36.9m in 2025, on the back of increasing its loan book by 23 per cent year-on-yearto read more
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Adzuna acquires Trovit and Mitula jobs businesses to expand global footprint
Job search platform Adzuna has acquired the jobs businesses of Trovit and Mitula, two market-leading search engines operated by the Lifull Connect group. The acquisition marks Adzuna’s third acquisition in four years, further strengthening its position as one of the world’s leading global job search platforms. Founded in 2006, Trovit and Mitula operate in more read more
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Chipmaker Axelera AI hoping to benefit from European businesses wanting to run AI locally
Dutch chipmaker Axelera AI is hoping to benefit from European businesses wanting to run AI systems locally, amiddata security concerns, a push towards European sovereignty, and geopolitical tensions. Axelera AI, founded in 2021, is one of the few European challengers challenging the dominance of US chip market leader Nvidia. In the US, the likes of read more
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Gulf businesses buy up political violence insurance as conflict spreads
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Data centres, energy projects, pipelines, ports and hotels across the Gulf are flooding insurers with requests for millions of dollars of cover against political violence, as asset owners move to limit their exposure to the read more
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New CBI boss criticises UK government policy of taking stakes in businesses
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The CBI’s new president has criticised the government’s strategy of taking direct stakes in businesses, saying she doubts whether it attracts private capital. Cressida Hogg, who is also chair of defence group BAE and senior read more
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