R1 and Palantir Technologies launch R37, an AI lab transforming healthcare financial performance. Leveraging R1's extensive data and Palantir's AI, the lab aims to develop intelligent automation solutions for coding, billing, and denials management, with full deployment planned for H2 2025.
Recharge purchases Giftcloud from Groupon, expanding into B2B digital rewards business. Giftcloud is profitable with millions of transactions processed, which makes the UK Recharge's third-largest market. The purchase follows Recharge's €45M acquisition facility with ABN AMRO.
EY penalized £500,000 (reduced to £325,000) by the FRC for exaggerating the deadline for the ten-year audit term for Stirling Water Seafield Finance. This following a £6.5 million penalty for auditing Thomas Cook.
Boohoo rebrands as Debenhams to revive struggling youth fashion labels. Sales dropped 21% to £947m due to competition and secondhand trends. Cost-cutting measures and portfolio review underway.
