Le Pain Quotidien operator crashes into administration with only one London store to survive July 3, 2023 A City hotspot for morning coffee, Le Pain Quotidien, has closed all but one of its sites across London, in another fatal blow for the city’s hospitality sector. The Belgian coffee chain, which operates from eight sites across the capital, including a cafe on Fish Street Hill in Monument, has closed all of its sites [...]
Italy holidays: Why Bergamo and Brescia are the Italian places we love this summer July 3, 2023 Italy holidays: Italy’s dual City of Cultures make a great break, says Sophie Ibbotson THE WEEKEND: In recent years, the UK has chosen Hull, Derry, and Coventry as its annual City of Culture. Bradford’s turn is next. The Italians seem to take things a little more seriously, and have awarded this year’s cultural crown to [...]
Scale up investor: Hiring trans women like me isn’t just right – it’s good for business July 3, 2023 Reece Tomlinson, founder of investment firm Saône Capital, on how investing in trans and non-binary people is good for business, as people from different backgrounds have different ideas and approaches “When you look at underrepresented founders as a whole, they’re actually the majority of founders,” says Reece Tomlinson, trans CEO and founder of the Saône [...]
Who’s next? Industry debt mountain threatens more than Thames Water July 3, 2023 Thames Water's troubles raise significant questions - such as who could be next and what happens now in the water industry.
Week begins with green candles as Ethereum breaks out July 3, 2023 Bitcoin continues its sideways momentum, holding steady above $30,600, with the majority of the large caps up in the last 24 hours.
Train union boss threatens 10 or 20 years of strife: ‘We’ll keep taking action until someone listens’ July 3, 2023 The boss of the train drivers’ union has threatened further industrial action, ahead of another week of disruption on the railways – which is set to impact Wimbledon too. Rail passengers have been warned of disruption across six days between Monday and Saturday, as the Aslef Union, headed by Mick Whelan, initiates a nationwide ban [...]
‘Paper’ bottle maker backed by Diageo secures £20m in fresh funding round July 3, 2023 A sustainable packaging business backed by Diageo, is gearing up for a new funding round in efforts to deliver a commercial product line. Pulpex said it has secured financing from CMPC, a Chilean pulp and paper company, to enable the production and supply of over 2bn paper bottles to consumer brands worldwide by 2028. Sources [...]
LendInvest given £500m investment boost from Chetwood to fund buy-to-let mortgages July 3, 2023 LendInvest, the London-listed property fintech, has received a £500m investment boost to fund some of its future lending from Chetwood Financial. The investment will fund mortgage originations from LendInvest’s buy-to-let mortgages, aimed at professional landlords, and residential mortgages, for those underserved by high street mortgage providers. Chetwood, a Wrexham-based digital bank, has become the latest [...]
‘Short period of medical leave’ for IG Group Holdings chief ahead of results July 3, 2023 Derivatives trading firm IG Group Holdings has announced that its chief executive will be stepping aside for a “short period of medical leave” The FTSE 250-listed company made the announcement about June Felix this morning. Felix has been at the helm of IG Group since 2018 following 25 years in leading global financial services firms. [...]
Management consultants boosted by firms flocking to AI as revenues surpass £18bn July 3, 2023 Companies scrambling to unlock benefits from implementing artificial intelligence (AI) and digital tools into their business to steal a march on competitors has boosted UK management consultants’ income, a new report has found. Growing demand among firms for external experts lifted the UK management consultancy sector’s income to £18.6bn last year, up from £14.4bn in [...]