Business

FCA unveils £9bn compensation scheme for car finance scandal victims

FCA unveils £9bn compensation scheme for car finance scandal victims

Millions of motorists mis-sold car finance deals could receive average payouts of around £700, under a compensation scheme announced by the Financial Conduct Authority (FCA) on Tuesday. The regulator estimates that 14 million finance agreements between April 2007 and November 2024 were affected by unfair commission practices, leading to an expected £8.2 billion in redress and a potential £11 billion …

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BERO brews international growth with Oracle NetSuite’s AI-powered business suite

BERO brews international growth with Oracle NetSuite’s AI-powered business suite

BERO, the fast-growing premium non-alcoholic beer brand, has adopted Oracle NetSuite to streamline operations, improve financial visibility, and scale its business internationally. The AI-powered cloud ERP platform is helping the company increase efficiency, automate key processes, and build a strong foundation for global growth. Founded in 2024 by actor Tom Holland and beverage industry veteran John Herman, BERO has rapidly …

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NetSuite & BILL partner to accelerate AI-powered accounts payable automation

NetSuite & BILL partner to accelerate AI-powered accounts payable automation

Oracle NetSuite, has announced the formation of a new strategic partnership with BILL, the intelligent finance platform used by more than half a million businesses, to transform how companies manage accounts payable. The collaboration introduces BILL-powered payment automation embedded directly within NetSuite Intelligent Payment Automation, enabling US customers to make fast, secure, and flexible vendor payments without leaving the platform. …

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Oracle NetSuite launches NetSuite Next with embedded conversational AI and agentic workflows

Oracle NetSuite launches NetSuite Next with embedded conversational AI and agentic workflows

Oracle NetSuite has launched NetSuite Next, a major evolution of its cloud ERP platform featuring conversational AI, agentic workflows, and natural language capabilities to help businesses automate repetitive tasks and make smarter, faster decisions. The new system aims to transform how businesses interact with AI, enabling users to complete repetitive and complex tasks faster, more intuitively, and with greater confidence. …

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AI accelerating growth in UK climate tech start-ups as adoption rate doubles national average

AI accelerating growth in UK climate tech start-ups as adoption rate doubles national average

Artificial intelligence is emerging as a key driver of growth in the UK’s climate tech start-up ecosystem, with AI-related ventures attracting record levels of funding even as broader climate investment stalls, according to new research by Sustainable Ventures. The study, titled “Advancing AI’s Potential for Climate Innovation”, draws on data from 3,345 high-growth UK climate tech start-ups compiled by Beauhurst …

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Six university start-ups named as finalists for Ignite 2025 social enterprise competition

Six university start-ups named as finalists for Ignite 2025 social enterprise competition

Six university-founded social enterprises have been selected as finalists for Ignite 2025, the Ford Family Foundation’s flagship competition supporting early-stage, purpose-driven ventures. The finalists will pitch their innovations at the Barclays Innovation Hub powered by Eagle Labs in Shoreditch, London, on Tuesday 21 October 2025, competing for a share of a £50,000 prize fund. Each will receive tailored pitching support, …

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Asahi restarts beer production after cyber-attack disrupts Japanese breweries

Asahi restarts beer production after cyber-attack disrupts Japanese breweries

Asahi Group, Japan’s largest brewer, has partially restarted beer production at all six of its breweries after a cyber-attack last week forced a temporary shutdown across its domestic operations. The company said production of its flagship Asahi Super Dry beer had resumed, along with limited output at facilities producing soft drinks and food products. However, Asahi cautioned that its breweries …

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DPD faces disruption as drivers take action over pay cuts to small parcel deliveries

DPD faces disruption as drivers take action over pay cuts to small parcel deliveries

Delivery company DPD is facing potential disruption after hundreds of drivers began three days of action in protest at cuts to their pay for delivering small parcels. The company has reduced payments for such deliveries by 65p per parcel, a change that self-employed and franchised drivers say could reduce their annual earnings by as much as £6,500. The protest, organised …

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OpenAI strikes multibillion-dollar deal with AMD in challenge to Nvidia’s AI chip dominance

OpenAI strikes multibillion-dollar deal with AMD in challenge to Nvidia’s AI chip dominance

OpenAI has agreed a multibillion-dollar partnership with Advanced Micro Devices (AMD) to secure massive computing power for its next generation of artificial intelligence models — a direct challenge to Nvidia’s dominant position in the global AI chip market. Under the five-year deal, OpenAI will purchase up to 6 gigawatts of AMD’s most advanced AI processors, a level of computing capacity …

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