Business & Technology
Oxford MP refuses to push for Thames Water administration
Labour’s Anneliese Dodds, the representative for Oxford East since 2017, is the only Oxfordshire MP not to have signed an open letter calling for Thames Water to be placed into special administration without delay.
Written by campaign group We Own It, the letter has been sent to Ofwat and the Environment Secretary Emma Reynolds MP.
READ MORE: Thames Water sorry after poo leaked into Oxfordshire home
Sophie Conquest, lead campaigner for the group, said: “Because of Thames Water, children are being denied access to education, roads are regularly flooded and Oxfordshire’s waterways are being turned into open sewers.”
The water supplier for 16m people across London and the Thames Valley is over £17bn in debt and last year was handed a record £122.7m fine, largely for breaching wastewater regulations.
(Image: Jordan Pettitt/PA Wire)
It has been reported that Thames Water is close to a deal with regulator Ofwat which would see it avoid fines for four years, as long as it invests in the business.
This has not yet been approved by the regulator, which is said to be divided on the deal.
If it isn’t passed, Thames Water could go into special administration with The Guardian reporting the business is due to run out of money again in October.
Ms Conquest said: “This deal is outrageous. We cannot allow failing water companies to set the terms of their own regulation.
Sophie Conquest, lead campaigner at We Own It (Image: We Own It)
“By taking Thames Water into special administration, we can slash the debts and give billpayers and the environment a fair deal.”
We Own it urged Ms Dodds to sign the open letter as soon as possible, which also calls for the rejection of the deal.
Current signatories include the six other Oxfordshire MPs, one of which is her Labour colleague and Banbury MP Sean Woodcock, although the Labour Government has said it would prefer a market-led solution.
There have been calls to put Thames Water in special administration (Image: Andrew Matthews/PA Wire)
Ms Dodds’ office said the MP had repeatedly raised concerns about Thames Water, including about the potential pausing of fines.
She has also said that special administration would be preferable compared to a deal that did not protect consumers.
READ MORE: Oxfordshire stars of Channel 4 show in water referendum call
A spokesperson for Ms Dodds’ office said: “Anneliese has raised problems with Thames Water repeatedly, both directly with the company and with government ministers, including meeting directly with minister Emma Hardy.
“She pushed for a ban on bonuses for failing water bosses and for the failing Ofwat to be abolished – both of which are now being delivered.
“She has also raised deep concerns about suggestions that Ofwat might accept a deal with Thames Water’s creditors that would pause any fines being levied on the company until 2030.
“She has urged ministers not to accept this, and stressed that a special administration regime would.”
A Thames Water spokesperson said: “Thames Water remains focused on securing a solution with London and Valley Water consortium that delivers improvements for customers and the environment as soon as practicable, whilst continuing to make progress with our operational and financial turnaround plan.
“In the first six months of 2025/26 pollutions fell by 20 per cent. We also made a record £1.26billion capital investment, an increase of 22 per cent year-on-year, as we launched the biggest upgrade to the Thames Water network in 150 years.
“Special administration would delay urgently needed improvements, increase costs, transfer risk and potentially create operational disruption, while not resolving the core regulatory and structural challenges facing Thames Water.
“The recapitalisation already under way would still need to be completed, but later and at a greater cost.
“A market-led recovery remains the fastest and safest route to delivering environmental and service improvements. It is in the best interests of customers, taxpayers and the wider UK economy.”
Business & Technology
Oxford convenience store given low food hygiene rating
Region to Season, in Blackbird Leys Road, was given a one star rating by Oxford City Council environmental health officers following a routine health visit inspection.
Stating that ‘major improvement’ was necessary, inspectors handed the store a one-out-of-five food hygiene rating.
READ MORE: Popular Oxford burger restaurant given one star food hygiene rating
One key issue identified in the latest inspection was the management of food safety, meaning the systems in place to ensure food served is safe to eat, which were deemed to require ‘major improvement’.
Inspectors also found the cleanliness and condition of facilities and the building needed ‘major improvement’.
But they found the hygienic food handling was ‘generally satisfactory’ at the shop.
The Jamaican and Afro-Caribbean food specialist store was visited by the officers in March.
The store sells a range of food including fruit, vegetables, meat, fish and canned goods.
Business & Technology
RedCloud launches AI agents for FMCG decision-making
KALEAH SALMON
Head of Growth
RedCloud has announced three artificial intelligence agents for commercial decision-making in the fast-moving consumer goods sector. The tools are being developed for distributors and brand managers across the company’s markets.
The products are designed to support routine decisions on stock, pricing, sales targeting and market planning using trade data collected through RedCloud’s platform. Its system has processed nearly USD $6.9 billion in FMCG transactions across emerging markets, including Nigeria, Brazil, South Africa and Saudi Arabia.
One tool, the RedAI Inventory Agent, is intended for distributors managing stock levels. It is designed to predict demand and recommend when to reorder and in what quantities, with the aim of reducing both shortages and excess stock.
A second product, the RedAI Sales Agent, is aimed at distribution sales teams. It is intended to identify buyers most likely to place orders, suggest pricing approaches, and recommend product bundles, while reducing time spent on low-probability leads.
The third product, the RedAI Market Planning Agent, is intended for FMCG brand managers. It is designed to provide a local view of product performance at the category and stock-keeping unit level, alongside information on competitive activity, channel trends, and areas of potential growth.
The agents are being built on RedCloud’s RAID engine, short for Realtime AI for Distribution. The tools are expected to operate in local languages across its active markets and include embedded trading and payment functions through local payment providers.
Data focus
RedCloud framed the launch around the volume of daily decisions made across consumer goods supply chains, from reorder timing to pricing and promotion. It said many of those decisions are still made without real-time supply-and-demand data and argued that the resulting information gap contributes to lost inventory opportunities across the sector.
The company put that missed opportunity at USD $2 trillion a year globally, citing external market research. It also cited figures valuing the wider global FMCG market at USD $14.6 trillion.
RedCloud operates in high-growth consumer markets, selling software and services to brands, distributors and retailers. Its wider platform combines trade data, market intelligence and transaction tools intended to digitise product flows across supply chains.
Rollout plans
The three agents are planned for rollout in the second half of 2026, with a phased launch through live customer deployments in RedCloud’s operating countries.
That timeline means the products remain in development rather than in general use. RedCloud did not provide customer names, pricing details or deployment targets for the new tools.
Artificial intelligence products aimed at operational workflows have become an increasingly important area of interest for enterprise software groups and supply chain technology firms. RedCloud’s approach centres on narrow, task-specific systems trained on transaction data generated inside its own trade network, rather than broad consumer-facing AI models.
The focus on distributor and brand workflows reflects the fragmented structure of many FMCG markets, particularly in developing economies where ordering, merchandising and route-to-market decisions often rely on incomplete or delayed information. In those settings, better data on local demand and sell-out trends can affect working capital, product availability and sales efficiency.
Justin Floyd, Chief Executive Officer and Co-Founder of RedCloud, outlined the company’s view of the shift in a statement accompanying the announcement: “Global trade has never had intelligence. RAID changes that. Specialist AI Agents powered by the RAID will transform FMCG and supply chain professionals into decision-making gurus – delivering performance and efficiency across the supply chain. This is intelligent infrastructure unlocking growth and prosperity.”
Soumaya Hamzaoui, Chief Product Officer and Co-Founder of RedCloud, said the products are intended to support existing staff workflows before taking on more autonomous tasks in limited cases: “For years, FMCG and supply chain professionals have had to make critical decisions based on incomplete data. That era is over. Our specialized AI agents, powered by the RAID Engine, will focus on specialist workflows in support of our customer’s employees, in time working autonomously with human-in-the-loop oversight for larger decisions. This is how intelligent infrastructure is set to reshape the way software is presented to enable humans to inform their judgement and perform in their roles.”
Business & Technology
Startup Moldova seals European funding partnerships
Startup Moldova has announced partnerships with Unicorn Factory Lisbon, SeedBlink and the Ukrainian Startup Fund, linking the country’s startup sector more closely to European funding and acceleration networks.
The agreements were unveiled at the Startup Moldova Summit in Chișinău, which organisers said drew more than 2,000 participants, 150 startups, 60 speakers and international investors for its largest edition so far.
The new partnerships are intended to widen Moldovan founders’ access to acceleration programmes, investor networks and cross-border funding channels. Under one agreement, Unicorn Factory Lisbon and Startup Moldova will support local startups seeking entry to international acceleration programmes and expansion into EU markets.
Another partnership brings together Moldova Innovation Technology Park, Startup Moldova and the Ukrainian Startup Fund to support cross-border cooperation, improve access to finance and deepen integration with the wider European innovation system.
SeedBlink and Startup Moldova also plan to launch a crowdinvesting platform for Moldovan startups, designed to help companies raise money through syndicated investment rounds and connect with European angel investors.
The moves come as Moldova seeks to develop a small but growing technology sector. The country’s startup ecosystem now includes more than 300 companies and has been expanding by 20% year on year.
At the summit opening, Olga Melniciuc outlined the sector’s latest growth figures. “Moldova’s ecosystem has grown to over 300 companies, expanding by 20% year over year. In 2025 alone, startups generated over $60 million in revenue, created over 1,500 jobs, and attracted over $17 million in investment, demonstrating that startups are becoming a real driver of the country’s economic growth. The theme of the Summit – ‘Born in Moldova. Built for the World.’ – reflects the ambition of our founders, who are building companies designed to compete globally from day one,” said Olga Melniciuc, chief executive of Startup Moldova.
The figures point to a startup market that remains modest by regional standards but is trying to connect more directly with larger European capital pools. For countries on the edge of the EU, those links can matter as much as domestic policy in determining whether founders stay local or move abroad.
Moldova has also been trying to make its business environment more attractive to technology companies. Moldova Innovation Technology Park offers a 7% flat tax for eligible IT and digital activities, while the country is developing digital nomad and remote-work frameworks and preparing a fund of funds intended to widen access to venture and equity finance.
Officials have also highlighted efforts to digitise public services and business processes, including contactless business tools, e-governance measures and digital public infrastructure such as the EVO government app, which is intended to simplify public and business-facing services.
Regional links
The involvement of the Ukrainian Startup Fund underlines a wider regional dimension to Moldova’s approach. By building ties not only with western European organisations but also with neighbouring ecosystems, the country is seeking to position itself as a more connected part of the European startup map.
Sergiu Rabii, who leads the Innovate Moldova Programme funded by Sweden and the United Kingdom, said the agreements reflected a broader shift in how Moldovan founders are being connected to international markets and expertise. “These partnerships show that Moldova’s startup ecosystem is becoming more connected and internationally relevant. By improving access to capital, expertise and markets, Sweden and the United Kingdom are helping Moldovan founders scale faster and build companies with global potential,” said Sergiu Rabii, director of the Innovate Moldova Programme.
The European Union has also backed efforts to support entrepreneurship in Moldova through EU4Innovation East. That support reflects a broader push to strengthen startup structures in countries linked economically and politically to the bloc.
Julien Schmitt, director of the EU4Innovation East programme, said growth in the number of companies was increasing demand for stronger support systems and better financing routes. “Startup Moldova Summit 2026 reflects the continued progress of Moldova’s entrepreneurial ecosystem. For the second consecutive year, the European Union, through EU4Innovation East, is proud to support this platform that connects founders, investors and international markets. As the number of startups in Moldova grows, so does the need for stronger support structures and access to capital,” he said.
Summit focus
The event also featured a Startup Alley, where 42 startups presented their products, along with the national final of the Startup World Cup pitching competition. Ten startups pitched to a jury of international investors.
Prompted AI won the competition, while LyricFluent and Argus AI placed second and third.
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