Southern rail: Transport secretary accuses Labour of stoking up unrest on the railways July 4, 2017 Transport secretary Chris Grayling has accused senior Labour figures of stirring up unrest at Southern rail and encouraging further industrial action on the beleaguered network. Speaking at a House of Commons debate yesterday to discuss the publication of a report into the train operator’s performance by Chris Gibb, a non-executive director at Network Rail, Grayling [...]
Gold sentiment fell in June as investors cut holdings for the third month on price volatility and record high stock markets July 4, 2017 Gold sentiment among Western investors fell from May’s five-month high last month as global stock markets set new records. Investors on BullionVault, the biggest online market for physical precious metals, cut their total gold holdings for the third consecutive month in June. New interest in the safe-haven asset also remained weak. The number of new [...]
Here’s some cybersecurity advice if you don’t wanna cry July 4, 2017 Last week, barely a month since the WannaCry attack, companies around the world were struck by another major ransomware cyber attack. With two similar looking, large-scale incidents occurring within such a short window, companies are naturally anxious to know how they can protect themselves against the next – inevitable – attack. It’s all about the [...]
Digital challenger bank for small business, Tide, has landed $14m from fintech investors and an early Spotify backer July 4, 2017 Another of the new crop of digital challenger banks has landed fresh funding as investors continue to flock to fintech. Tide, aimed at small businesses and letting them open a current account using just their iPhone within five minutes, has raised $14m (£11m) in a series A round from new and existing investors. Anthemis led [...]
Lloyd’s of London deputy chair Robert Childs: Brexit won’t threaten London’s prized insurance status July 3, 2017 Brexit will not threaten London’s prized global insurance crown, the new deputy chair of Lloyd’s said today. Hiscox chairman Robert Childs was unveiled this morning as the replacement for Paul Jardine, taking up the position immediately. Speaking to City A.M. he downplayed the impact of Britain’s exit from the EU, saying it will have a [...]
Carlsberg acquires craft beer maker London Fields Brewery July 3, 2017 Another indie craft beer brewery is set to be taken over by a giant of the industry, as Carlsberg UK acquires hip Hackney-based London Fields Brewery. Read more: Carlsberg’s £15m rebrand is a last-ditch effort to save lager The deal will be a joint venture between Carlsberg and Brooklyn Brewery, for which Carlsberg is the [...]
Get ready, hipsters: The Night Tube is coming to the Overground with services from New Cross to Dalston starting in December July 3, 2017 It may have taken a loooong time to get here but now the Night Tube is up and running like a… well, like a train. Nearly a year since its launch, the 24-hour night service is being rolled out to the Overground line at weekends, starting with the branch between New Cross Gate and Dalston, [...]
Veteran venture capitalist Jon Moulton is set to power a new £400m energy infrastructure fund July 2, 2017 A sustainable energy and infrastructure investments firm backed by veteran venture capitalist Jon Moulton is set to launch a new £400m fund. Greensphere Capital is considering setting up a new fund that will work on projects including solar farms and power lines. Moulton, the founder of Better Capital, is a non-executive director of Greensphere Capital [...]
Kate Middleton favourite Hobbs approached by South Africa’s Foschini July 2, 2017 South African group Foschini has thrown its hat into the ring to buy Hobbs, the womenswear brand beloved by the Duchess of Cambridge. Hobbs was put on the market by its private equity owner 3i in January for £80m. However, it is thought Foschini is unwilling to stump up the full asking price, the Sunday [...]
SoftBank could be about to make Deliveroo a unicorn with talks of investment from Apple and Saudi-backed Vision Fund July 2, 2017 One of the UK’s star tech startups, Deliveroo, is on the verge of becoming a so-called unicorn, with SoftBank in talks over a potential investment. SoftBank’s Vision Fund, a huge new tech investment vehicle which has already backed several British tech companies, is in discussions to take a stake in the food delivery firm that [...]