London gets new West End flexible work space as Elizabeth Line brings in hybrid commuters July 4, 2023 A new 45,000 sq ft site flexible work space will open in the heart of the West End in a signal that London’s hybrid work trend is showing no signs of cooling. Runway East, (RWE) already has five spaces across London, including sites in Borough Market and Shoreditch – and will open a new one [...]
Crypto markets treading water in anticipation of Fed interest rate reports July 4, 2023 Bitcoin and Ethereum are inching upwards as the Fed weighs its next move with interest rate hikes.
A Better Way Forward for M&A Pipeline Management July 4, 2023 | City Talk Pipeline management – identifying, building, and managing potential targets and opportunities – is key to success for M&A dealmakers. However, the process can be extremely inefficient. Dealmakers often rely on spreadsheets that are not purpose-built for tracking M&A opportunities, lack sophisticated automation to optimize workflows, and don’t link with other M&A technologies being used. A [...]
WANdisco raises £24m as attempts to recover from fraud scandal continue July 4, 2023 WANdisco has successfully completed a $30m (£23.7m) fundraise as it attempts to recover from scandal and resume trading on AIM. The Sheffield-based data company will issue 47.5m new shares, representing 70 per cent of the company’s capital prior to the fundraise. The proceeds will provide working and growth capital to the firm. The firm added [...]
Sainsbury’s: ‘Food inflation starting to fall’ as supermarket giant reports grocery sales surge by 11 per cent July 4, 2023 Sainsbury’s has claimed “food inflation is starting to fall” as it recorded an 11 per cent hike in grocery sales in the first leg of the year. The ‘Big Four’ grocer, recorded an inflation-led 9.8 per cent like-for like-increase in total retail sales excluding fuel in the first quarter of the year up from 4 [...]
Twitter explainer: What are rate limits and why are they causing advertising headaches July 4, 2023 Twitter advertising troubles may have gone from bad to worse after Elon Musk has put his foot in it again – this time by restricting users’ viewing limits over data concerns. On Saturday, the billionaire ex-CEO of Twitter imposed a temporary ‘rate limit’ on all users, effectively capping the number of Tweets that accounts can [...]
Heathrow Airport names Thomas Woldbye as new chief – here’s what we know July 4, 2023 A successor for Heathrow Airport’s long-time chief John Holland-Kaye was finally announced last Friday. Thomas Woldbye, Copenhagen Airport’s CEO since 2011, will take over the cockpit from Holland-Kaye, having emerged as a standout candidate for what has been described as “one of the most important roles in global aviation”. Amid tough competition, Woldbye’s stint at [...]
ULEZ expansion will push building businesses over the brink, warns industry boss July 4, 2023 The boss of the British Merchants Federation (BMF) has warned that outer London building businesses hit by ULEZ charges could face closure or move if the 29 August expansion goes ahead as planned. John Newcomb, chief executive of the trade association BMF, told City A.M.: “My biggest concern is that you would see closure of [...]
Ofgem clamps down on firms handing out dividends without secure finances July 4, 2023 Ofgem will step in against suppliers that hand out dividends to shareholders before recapitalising, warned the watchdog's boss.
Apple halves Vision Pro headset production plans as virtual reality given a reality check July 3, 2023 Apple has slashed production forecasts for its $3,499-a-piece Vision Pro headset as the company experiences teething problems in its foray into virtual reality, according to reports. The tech giant has had to halve 2024 shipments for its mixed-reality headsets with predictions down from 900,000 to 400,000 in the first year, according to a Financial Times [...]