News

UK space technology firm SatVu has secured £30m ($40m) in fresh funding, including a strategic investment from the NATO Innovation Fund, as it accelerates plans to deploy a multi-satellite thermal imaging constellation. The round brings SatVu’s total equity funding to £60m ($80m) and marks a shift from single-satellite demonstration to scaled execution of its space-based “Activity Intelligence” capability. The investment also includes participation from the British Business Bank, Space Frontiers Fund II, managed by SPARX...

Profit margins at the world’s largest luxury goods companies have almost halved in just three years, prompting calls for more disciplined cost management that preserves brand equity while restoring profitability. Research from supply chain consultancy Inverto, part of Boston Consulting Group, shows that the average operating margin across the 20 biggest luxury groups has fallen from 24 per cent in 2022 to 13 per cent today. Half of those companies have seen margins decline over...

Octopus Energy Generation is investing nearly $1bn in Californian clean technology projects, deepening its exposure to the US energy transition and accelerating plans to deploy $2bn across the country by 2030. The funding, channelled through Octopus-managed funds, spans carbon removal, heat battery technology and solar-plus-storage infrastructure, reinforcing the company’s strategy of backing next-generation decarbonisation assets in advanced markets. Octopus will support two California-based carbon removal companies focused on grassland restoration and reforestation, converting degraded land...

If you have ever tried to defend creator spend in front of a CFO, you know the problem. The campaign can look busy on the surface. Views are high, comments are positive, and the creators are asking when the next deal is coming. Then the CFO asks one question: what did we get back in revenue, and how do you know it came from this spend? When the answer leans on Earned Media Value (EMV)...

The British Business Bank has committed up to £45m as a cornerstone investor in Redrice Ventures’ £75m Fund II, aiming to strengthen early-stage investment across the UK’s creative industries. The commitment, made through the Bank’s Enterprise Capital Funds programme, builds on a previous £36m cornerstone backing for Redrice’s first fund in 2021, which helped catalyse additional private capital into what became an oversubscribed vehicle. Founded in 2018, London-based Redrice specialises in seed-stage investments in premium,...

Nominations have opened for the 2026 edition of the Black British Business Awards (BBBAwards), marking the 13th year of a programme dedicated to recognising exceptional Black British talent across the UK’s corporate and entrepreneurial landscape. With nearly 500 professionals and entrepreneurs already honoured since its launch, the awards continue to serve as a prominent platform for celebrating leadership, innovation and impact across British business. Organisers are calling on companies to put forward visionary leaders, high-performing...