Carrier billing startup to float on Aim to raise £45m November 20, 2017 Boku, a company that enables mobile phone billing for goods bought online, is floating on the London Stock Exchange today. The firm has embarked on an IPO to raise £45m, and will have a market capitalisation of £125m when it floats on Alternative Investment Market (Aim). The company allows mobile phone users to buy goods [...]
Race To Dubai 2017: Tommy Fleetwood targets world No1 ranking and Major titles after pipping Justin Rose and Sergio Garcia to European order of merit November 19, 2017 England’s Tommy Fleetwood has set his sights on becoming world No1 after holding off the challenge of compatriot Justin Rose to win the Race To Dubai on Sunday. Fleetwood finished tied for 21st at the DP World Tour Championship, eight shots adrift of winner Jon Rahm but just enough to end the European Tour season [...]
Tory rural broadband promise under threat: BT Openreach talks close to collapse November 19, 2017 A Tory pledge to deliver better broadband to 1.4m rural homes is under threat of being delayed by years. Talks between Openreach and the government to agree on a £600m investment by the BT infrastructure arm are close to collapse, according to reports by the Sunday Telegraph. If an agreement with Openreach over its voluntary [...]
Autumn Budget 2017: Philip Hammond to accelerate Britain’s tech credentials with investment in AI and driverless car reforms November 19, 2017 The chancellor is expected to unveil a flurry of announcements to progress artificial intelligence, driverless and electric cars, and 5G across Britain in next week’s Autumn Budget, to help bolster the nation’s credentials as a leader in tech. Philip Hammond is poised to announce £75m for AI, £400m for electric car charge points, £160m for [...]
Roadblock for rise of electric taxis in London with slow progress on rapid charging point installation November 18, 2017 London’s mayor has said that targets to improve the city’s infrastructure for electric vehicles are likely to be missed, ahead of upcoming changes that will mean all new taxis in the capital have to be zero emissions capable. New licensing requirements come into force from 1 January 2018 to reduce emissions from the taxi fleet [...]
Spotify buys Soundtrap, a Stockholm-based music startup November 17, 2017 Spotify has bought Stockholm-based music startup Soundtrap, it said today. The music streaming giant’s new acquisition allows users to create music online using a web-based production studio similar to Apple’s Garageband software. Today Spotify said Soundtrap was “highly aligned with Spotify’s vision of democratizing the music ecosystem”. Read more: Finally getting back together: Taylor Swift [...]
New Breitling Superocean Héritage II: classic diver’s watch developed with Tudor November 17, 2017 | City Talk A classic diver’s watch the Breitling Superocean Héritage II celebrates its 60th anniversary with a design refresh and a brand-new movement developed with Tudor. The new Breitling calibre takes inspiration from the Tudor Caliber MT5612 used in the popular Black Bay watches. The Breitling Superocean Héritage II comes in a few different models at 42mm [...]
Opinion: Should Philip Hammond scrap stamp duty or reform it? Either way, these first time buyers think something has to be done November 17, 2017 Scrap stamp duty – revenue should not come at the expense of working people by Jack Brentnall Benjamin Franklin famously said that our only certainties in life are death and taxes. Thankfully, Stamp Duty Land Tax (SDLT) does not have to be such a certainty. Considering the context of the current housing crisis, it is [...]
“The picture is not as bleak as many think”: UBS delivers chunky UK GDP growth upgrade November 17, 2017 The UK economy today received a big vote of confidence from Swiss banking giant UBS, which upgraded next year’s GDP growth forecasts by over a half. Britain is projected to grow by 1.1 per cent in 2018, UBS said, up from a previous forecast of 0.7 per cent. And following a slightly stronger-than-expected performance this [...]
Carillion meltdown: From horror show to too big to fail – Here’s how City analysts reacted November 17, 2017 Carillion this morning proved its shares have yet to bottom out, with the firm’s stock plummeting almost 60 per cent in morning trades. Shares have since recovered somewhat, and are currently around a third lower than yesterday’s closing price. Profits will be lower and Carillion is struggling to sell businesses earmarked for sale. This means [...]