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London
148 posts
Purple Style Labs has luxury-sized orders and luxury-sized losses, now its Rs 680cr IPO faces the profitability test
Purple Style Labs enters the IPO market with luxury-fashion GMV growing 23% and average orders above â‚ą75,000, but FY26 losses widened sharply. With most of the â‚ą680 crore fresh issue directed toward lease liabilities and marketing, investors are being asked to fund the economics of an omnichannel retail model before profitability has been established.
Goldman Sachs to buy LCN Capital Partners in up to $410m sale-leaseback deal
Goldman Sachs is paying up to $410m for LCN Capital Partners, adding a $3bn sale-leaseback platform in its second asset management deal in ten days.
Britain heads for worst cereal harvest since 1984 as drought cuts wheat yields
Britain may lose 2.5 million tonnes of crops as drought cuts wheat yields. The harvest now threatens farm income and food resilience.
Can Intropy turn the spare-parts industry’s spreadsheet problem into an enterprise software opportunity?
The Felix Capital-led seed round will fund Intropy’s product development, artificial intelligence recruitment and United States expansion, but commercial scale will depend on whether customers trust its software to execute operational decisions autonomously.
Europe has a robotics unicorn, now Humanoid must prove the machines can work
Humanoid’s $152 million Series A gives the UK robotics startup a $1.35 billion valuation, but the real test is whether industrial humanoids can move from promise to reliable deployments at manufacturing and logistics sites.
Rubrik (NYSE: RBRK) commits ÂŁ375m to UK as cyber resilience and AI risks converge
Rubrik is making London its EMEA headquarters and committing ÂŁ375 million to the United Kingdom as enterprises confront ransomware, sovereign-cloud demands and autonomous AI agents.
Why central banks’ dollar pullback could test America’s financial dominance
Central banks’ dollar pullback and rising gold demand could test U.S. financial dominance, reserve strategy and global market stability.
Memphasys (ASX:MEM) wins UK IVF orders, but cartridge demand must prove the model
Memphasys has secured first UK Felix orders as ASX:MEM rallies. The test is whether clinic trials convert into recurring cartridge revenue at scale.
SEGRO shares surge as Prologis goes public with ÂŁ12.6bn takeover approach
SEGRO has rejected an indicative all-share approach from Prologis valuing the UK logistics landlord at ÂŁ12.6 billion, but the sharp SGRO rally shows shareholders are now weighing standalone upside against a possible higher bid.
HSBC turns to Google Cloud for AI expansion as banks race to automate compliance
Find out how HSBC’s Google Cloud AI partnership could reshape banking automation, wealth advice, compliance and #HSBA sentiment.