Skip to content 
Search

Latest Stories

BioNTech signs £1 bn UK deal to boost research and jobs

BioNTech CEO Uğur Şahin said: “This agreement marks the next chapter of our successful strategic partnership with the UK Government.”

BioNTech

BioNTech will establish a research centre in Cambridge focused on genomics, oncology, structural biology, and regenerative medicine.

getty images

BIONTECH has announced plans to invest up to £1 billion in the UK over the next 10 years. The investment will fund new research and artificial intelligence centres in Cambridge and London, creating over 400 jobs.

The UK government will provide up to £129 million in grant funding as part of the agreement signed with Science Secretary Peter Kyle on 20 May.


BioNTech will establish a research centre in Cambridge focused on genomics, oncology, structural biology, and regenerative medicine. In London, the company will set up its UK headquarters and an AI hub led by InstaDeep Ltd.

“This investment will propel the growth-driving life sciences sector to new heights,” said Peter Kyle.

Chancellor Rachel Reeves said: “This is another testament to confidence in Britain being one of the world’s top investment destinations and a global hub for life sciences.”

BioNTech CEO Uğur Şahin said: “This agreement marks the next chapter of our successful strategic partnership with the UK Government.”

The move is expected to generate additional jobs in the supply chain. It builds on the existing partnership between the government and BioNTech to provide up to 10,000 patients with personalised cancer immunotherapies by 2030.

The government said the investment aligns with its Plan for Change and support for the life sciences sector.

More For You

Google rolls out AI search

Concerns raised by businesses and news outlets over declining referral traffic

iStock

Google rolls out AI search in UK as firms raise concerns over web traffic

Highlights

  • Google rolls out optional AI search tool in the UK using Gemini platform
  • ‘AI Mode’ replaces link-heavy results with conversational summaries
  • Concerns raised by businesses and news outlets over declining referral traffic
  • AI Mode already live in the US and India; rollout in the UK underway
  • Google has yet to finalise how ads and revenue will work under the new model

AI Mode arrives in the UK: A shift in search experience

Google is rolling out a new artificial intelligence (AI)-powered search feature in the UK, offering users conversational-style responses instead of traditional lists of links. The optional tool, named “AI Mode”, is powered by Google’s Gemini platform and has already launched in the US and India.

Unlike Google’s standard search layout, AI Mode delivers summarised answers directly within the results page, with significantly fewer external links.

Keep ReadingShow less
barclays

Barclays' trading results followed those of Wall Street banks such as Goldman Sachs, which also reported strong earnings from volatile markets.

Getty Images

Barclays posts 23 per cent rise in first-half profit

BARCLAYS reported a 23 per cent rise in first-half profit, exceeding expectations, as increased trading activity driven by US president Donald Trump's trade tariffs boosted its markets business.

The bank said on Tuesday that pretax profit for January to June reached 5.2 billion pounds, above the analysts' forecast of 4.96 billion pounds.

Keep ReadingShow less
TCS-Reuters

TCS said that it would provide benefits, outplacement, counselling, and support to the employees affected by the move. (Photo: Reuters)

Reuters

TCS to cut 12,000 jobs in 2025, mostly mid and senior staff

INDIA's largest IT services firm, Tata Consultancy Services (TCS), will lay off about 2 per cent, or 12,261 employees, of its global workforce this year. The majority of those affected will be from middle and senior levels.

As of 30 June 2025, TCS's total workforce was 6,13,069. The company added 5,000 employees during the April–June quarter.

Keep ReadingShow less
Jonathan-Reynolds

Reynolds said an effective wealth tax 'doesn’t exist anywhere in the world' and criticised it as a populist measure.

Getty

Reynolds rejects calls for wealth tax, urges Labour MPs to 'get serious'

BUSINESS SECRETARY Jonathan Reynolds has ruled out introducing a wealth tax, describing it as a “daft” idea that would not work.

His comments came as the International Monetary Fund (IMF) warned that Britain will need to raise other taxes or cut spending to meet fiscal targets, The Times reported.

Keep ReadingShow less
UK vehicle output hits seven-decade low, SMMT data shows

The fall comes amid uncertainty over US tariffs, with some firms slowing or halting production earlier in the year. (Representational iamge)

UK vehicle output hits seven-decade low, SMMT data shows

UK VEHICLE production in the first half of this year has dropped to its lowest level since 1953, excluding the Covid shutdown period, according to the Society of Motor Manufacturers and Traders (SMMT).

Car output declined by 7.3 per cent in the six months to June. Van production fell by 45 per cent, driven in part by the closure of Vauxhall’s Luton plant, the BBC reported.

Keep ReadingShow less