The founder of DNAFit on how understanding our genetic makeup can help us get healthy December 3, 2018 We can see physical traces of our genetics in our parents, but for the most part, our DNA is a mystery that many of us can never truly comprehend. But what if we could understand some of the unique information captured in our DNA, so that we could use it like a map, helping us [...]
Southern Water criticised over ‘unfair’ pensions scheme by regulator December 3, 2018 The Pensions Regulator has rapped Southern Water over claims it treated its pension scheme unfairly, it was revealed. TPR said it was taking action after finding Southern’s pensions pot was subject to “undue risk” despite the company’s strong finances. The watchdog was concerned over an “imbalance between the funds contributed to the Southern Water pension [...]
Asian investors put stamp on London skyline with massive trophy deals December 3, 2018 LONDON’S most valuable buildings are being dominated by Asian investors, who have grabbed half of all £1bn-plus property deals over the last five years, it has been revealed. Of the ten London properties which sold for more than £1bn since 2013, investors from Hong Kong snapped up three, including the Walkie Talkie and UBS’s Liverpool [...]
Floom set to blossom across the US as it raises £2m for international growth and new software services December 3, 2018 Online flower delivery site Floom has raised £2m as it looks to expand across the US over the coming year. The business, which was founded in 2016 by Lana Elie, connects independent flower shops with a system that allows them to sell bouquets online. Likened to Just Eat, Floom has set up to offer same-day [...]
Aim companies have markedly improved corporate governance reporting, study finds December 3, 2018 Companies listed on the Alternative Investment Market (Aim) have significantly upped their corporate governance standards since a September 2018 rule change, an annual review has revealed. The market, which lists smaller companies and has less onerous regulations, was reviewed by accountancy firm UHY Hacker Young and lobbying group Quoted Companies Alliance. Their findings showed improvements in transparency [...]
Scrap stamp duty for pensioners to free up homes for youngsters, says thinktank December 3, 2018 A UK thinktank has called for the government to scrap stamp duty for pensioners to encourage downsizing and free up homes for younger families. Policy Exchange’s new report reveals that 1.1m homes in England with two or more spare bedrooms are lived in by a single person aged over 65. The report says the lower stamp [...]
Orchard Street snaps up £55m building in Soho’s filmland December 3, 2018 Property investment firm Orchard Street has snapped up a £55m Soho building home to a British film production company. The office space in the property at 141 Wardour Street is fully let to Moving Picture Company, while retail space on the ground and basement floors is home to Princi, an Italian restaurant and bakery part-owned [...]
PwC loses FTSE 100 client crown in audit pass-the-parcel December 3, 2018 PricewaterhouseCoopers (PwC), the UK’s biggest accountancy firm, has had its crown – holding the highest number of FTSE 100 clients – snatched by rival KPMG. It is the first time PwC has lost its position as the leading auditor of the UK’s top blue-chip firms. KPMG now audits 28 FTSE 100 firms, to PwC’s 27, [...]
Pubs reap rewards of World Cup summer as third quarter beer sales grow, but Brexit uncertainty looms December 3, 2018 The haze of a long, hot World Cup summer drove British drinkers to buy more beer in the third quarter than the year before for the first time in more than 15 years. UK pubs saw beer sales grow 0.9 per cent year on year from August to October, with around 941.5m pints changing hands over [...]
Football fan club Otro nets £50m backing from 23 Capital December 3, 2018 Digital football fan club Otro has received backing worth tens of millions of pounds from venture capital firm 23 Capital ahead of its eagerly-anticipated launch today. Online platform Otro, which provides fans with curated content from global football stars, today revealed it had secured backing following weeks of growing speculation about the new site. City [...]