Egress Software Technologies, a provider of cloud-based email and file encryption services, has received a £2.2 million investment from venture capital firm Albion Ventures, a statement about the funding said.

Patrick Rock, an advisor to UK Prime Minister David Cameron and one of the pioneers of the country's Internet filtering program, was arrested for allegedly possessing child pornography.

London, UK-based keyring smartphone charger Popcord surpassed its £20,000 goal on Kickstarter and went past the £33,000 mark with five days left for its crowdfunding campaign.

After turning around the performance of Elster Group and making divestments last year, London-based investment firm Melrose Industries is ready to start making acquisitions, Bloomberg reported.

Powa Technologies Ltd has rolled out PowaTag, its e-commerce application that helps retailers and brands to reach their target customers and encourage them to buy their products, TechCrunch reported.

Buzzmove, the UK's first price removals site and Wayra UK graduate, grabbed $650,000 in its seed funding round to expand its list of vendors and prepare for its nationwide launch, TechCrunch reported.

Dukosi, the Scottish technology firm that developed the Electric Vehicle Optimization Integrated Circuit, secured £320,000 to help finance the commercial roll out of its smart chip geared towards electric vehicles, the Herald Scotland reported.

As opposed to the move that other countries are taking, the British government is planning to ditch the tax levied on Bitcoin trading, but the cryptocurrency will still be subjected to corporation and other taxes.

XLMedia, the digital media firm that brings traffic for online gaming sites, intends to secure $40 million in a London stock market flotation, the Financial Times reported.

London-based DueDil obtained $17 million in its Series B financing round led by previous backer Oak Investment Partners and joined in by Notion Capital and Passion Capital, TechCrunch reported.