Euan Blair’s apprenticeship firm Multiverse reports near-tripling of losses

Former PM's son's company, which uses predictive software to match people with firms, suffers seventh year of losses

Euan Blair's apprenticeship company Multiverse has reported a near-tripling of pre-tax annual losses to 40.5m - its seventh straight year of losses since the son of the former prime minister Tony Blair set it up in 2016.

Despite failing to turn a profit, the company was awarded the coveted tech unicorn" status when it was valued at 1.4bn in a fundraising round driven by US venture capital firms in June last year. That put Blair's stake in the company at 420m, far more than his father Tony's reported 60m fortune.