UK hiring intentions decline for second month in a row as Brexit looms March 11, 2019 UK firms intend to hire fewer people for the second month in a row in a sign of Brexit uncertainty weighing on the jobs market, a new study has said. British companies said they were looking to take on fewer new employees in the six months from February than they were from January, according to the [...]
London’s Here East partners with Texan co-working space March 11, 2019 Here East, home to start-ups and businesses in London’s Olympic Park, and its tenant Plexal, a co-working space, have announced a new partnership with a Texan company to promote transatlantic links. The two London companies today unveiled an agreement with co-working space Capital Factory in Austin, Texas. It will enable startups at Here East and Plexal to use Capital Factory [...]
Unlimited Group snaps up consultancy Model Citizens March 11, 2019 Digital marketing giant Unlimited Group has snapped up consultancy Model Citizens as it looks to boost its data analytics offering. The acquisition, believed to be worth several million pounds over the next four years, is Unlimited’s second takeover in the last year and marks its focus on data-driven marketing communications. Model Citizens, which was launched [...]
Dublin already the big Brexit winner as financial services firms move business out of London March 11, 2019 DUBLIN looks set to be the big winner from Brexit as financial services firms move business away from London and “chip away” at the City’s influence. A study by think tank New Financial found that 269 banking and finance companies have already moved at least part of their business away from London ahead of Britain’s [...]
Business software M&A hits five-year high March 11, 2019 Business software merger and acquisition value hit a five-year high in 2018 driven by the rapid growth of technology firms. New research shows that enterprise software M&A was $182.2bn last year, and that a total of 629 deals were completed in the second half, up 35 per cent from a low of 465 deals in the [...]
Most UK exporters unprepared for EU’s no-deal trade requirements March 11, 2019 Over half of British exporters have said they would not be able to comply with four key EU customs requirements in the event of a no-deal Brexit, according to a new survey. Should the UK crash out of the EU without a deal, firms would struggle with the technology and bureaucracy required to continue trading [...]
February retail footfall hits five-year low March 11, 2019 Retail footfall dropped by two per cent last month, making 2019 the weakest February for footfall in five years, according to research published this morning. February saw the 15 consecutive month of footfall decline, and suffered a deeper plunge than the previous year when footfall was down 0.2 per cent, British Retail Consortium (BRC) and Springboard [...]
Audiobook popularity soars as sales increase 13 per cent March 11, 2019 The popularity of audiobooks has continued to soar as sales of the format grew 13 per cent last year. Sales of audiobooks have increased 87 per cent since 2014, according to research by Nielsen Book, and they now account for five per cent of all book purchases after doubling their share of fiction sales. Read [...]
Lord Falconer to chair litigation funder Therium’s £1m giveaway March 11, 2019 Former Lord Chancellor Lord Falconer is to chair a £1m giveaway by litigation funder Therium aimed at increasing access to justice in the UK. The funder has set aside £1m for the new initiative, dubbed Therium Access, with the first round of grants to be announced next month. Therium typically provides funds to those pursuing [...]
Revolut fights back: Nik Storonsky on negative press, growing pains and what’s next March 11, 2019 Revolut has endured a torrid start to 2019. Drawing the City watchdog’s attention after causing concerns by temporarily shutting down its sanctions screening system last year, the fintech starlet was revealed to have lost its finance chief, and drew further negative publicity when a customer complained of a bungled £70,000 payment. Its woes were compounded [...]