Micro-investment app Moneybox nets a £14m series B fundraising round, led by Alibaba and Treatwell backer Eight Roads July 9, 2018 Spare change investment app Moneybox today announced the close of a £14m series B fundraising round, led by Alibaba investor Eight Roads. Existing investors Oxford Capital Partners and Samos Investments, among others, also participated. The fresh funding takes Moneybox’s total amount raised to date to £21.3m. City A.M. understands that the money will be used [...]
Bank of England’s rate hike rush criticised by British Chambers of Commerce as growth outlook drags July 9, 2018 The Bank of England’s hawkish talk on a potential interest rate hike is “ill judged”, according to an influential business group, as new data points to continued sluggish growth in the UK economy. A poll of more than 6,000 firms from the British Chambers of Commerce (BCC) showed that the balance of firms enjoying increased [...]
Britain should be proud to be a nation of immigrant entrepreneurs July 9, 2018 Britain isn’t a nation of shopkeepers. We’re a nation of entrepreneurs and wannabe entrepreneurs, and a magnet for entrepreneurial talent from around the world, as revealed by the latest Global Entrepreneurship Monitor (GEM) – the world’s most authoritative comparative study of entrepreneurial activity. The findings from Aston University in partnership with NatWest reveal that 8.7 [...]
European floats show tech is still on top, with 2018 proving to be a bumper year to go public July 9, 2018 Initial public offerings (IPOs) in Europe ended the first half of 2018 on a five per cent rise in value compared to the same period in 2017, taking in a total of €21.8bn (£19.3bn) over 168 company listings. The increase was also a four per cent boost in the number of companies listing over that [...]
Perk up your wallet: Digital receipts fintech startup Flux partners with Costa Coffee and Barclays Launchpad July 9, 2018 Paperless receipts and digital rewards startup Flux has teamed up with Costa Coffee to trial its tech in a number of central London stores. The trial will begin with a first phase of cashback rewards via Flux’s challenger bank partners Starling and Monzo, which is in a closed pilot, before expanding from there to explore [...]
Stobart chairman Iain Ferguson lines up plan to step down from board July 8, 2018 Stobart chairman Iain Ferguson is preparing a succession plan that will see him resign from the board within months, a report this evening revealed. The Stobart chair has discussed a proposal to get a new chairman in place before the company’s annual meeting next year. Sky News this evening reported that a formal timetable had [...]
World Cup 2018: England are laying their ghosts – from penalty shoot-outs to bogey teams – to rest one by one in Russia July 8, 2018 Gareth Southgate is certainly no Ebenezer Scrooge and this endless summer could not be further removed from the wintry backdrop of A Christmas Carol, but there is something of Charles Dickens’ redemptive tale about England’s voyage into the last four of the World Cup. Just as Scrooge is transformed by visits from three ghosts, this [...]
Done deal: The boardroom row at Stobart is over, after its AGM results are revealed July 8, 2018 Attempts by Stobart shareholders to unseat Iain Ferguson as the group’s chairman failed on Friday, but not before former chief Andrew Tinkler was voted in as a director and then dismissed again almost immediately. At Stobart’s annual general meeting in Guernsey, the decision to re-elect Ferguson as a director, and therefore remain in his position [...]
World Cup win to boost business confidence as England edge closer to final July 7, 2018 The UK will be hoping for an economic boost from consumer spending as England moves on to the semi-finals of the World Cup, beating Sweden in a comfortable 2-0 win this afternoon. Goals from Harry Maguire and Deli Alli pushed England into the last four of the Fifa World Cup for the first time in [...]
Luton and Stansted among highest risers for airport parking fees July 7, 2018 More than half of the UK’s biggest airports have pushed up parking prices for drivers picking up friends or family members this summer, according to new analysis. The research found that London Luton Airport is the most expensive in the UK, with parking costs at £8 for a maximum 30 minute stay, a rise from [...]