European venture capital firm Lakestar has closed a new €350m fund. The oversubscribed pot will provide “personal attention and support” alongside finance to firms with the potential to repeat the success of earlier investment projects like Facebook.
According to Crown Records Management’s latest survey, which looked at companies with more than 200 employees, a third of IT decision makers admitted their firms had lost important data more than three times.
Ecommerce business Amazon is launching one of its Amazon Web Services Pop-Up Lofts in London on 10 September, providing guidance on how entrepreneurs, engineers and developers can build on the platform and boost operations.
Scottish entrepreneur Michelle Mone has stepped down from her board positions at MJM International and Ultimo Brands International, freeing her up to focus on what she has identified as “new business interests” and responsibility to promote entrepreneurship in disadvantaged areas.
The director general of the Chinese arm of UKTI, Catherine Raines, has been appointed as CEO by the Department of Business, Innovation & Skills.
Having launched Boomf alongside Mint Digital at the end of 2013 as a way of allowing customers to print Instagram-style pictures onto edible marshmallows, James Middleton, the brother of the Duchess of Cambridge, has failed to turn a profit.
According to Victor Basta, managing partner of M&A advisory firm Magister Advisors, a “class” of Icarus companies have been discovered in the famous $1bn+ unicorn club.
Businesses across the UK require 134,000 new tech specialists annually, and digital apprenticeships have been hailed as the “key weapon” to unlock rapid business growth in all industries.
Following the sale of its business in May, which has resulted in a Q1 revenue increase, New Look has revealed an operational strategy that includes a focus on standalone menswear stores and expansion across China.
Spending among British shoppers has risen and the amount spent on hotels, restaurants and bars was the greatest at an increase of 8.6 per cent, according to Visa Europe’s UK expenditure index.
