Government cyber programme unveils new intake of scale-ups January 15, 2020 The London Office for Rapid Cybersecurity Advancement (Lorca) has today announced the 20 latest scale-ups to join its cohort of cyber firms. The government-backed incubator said its fourth intake was the largest to date, and includes companies using automation and quantum to protect UK industry against online threats. Though the majority of businesses are British, [...]
Endeavour calls off merger talks with gold miner Centamin January 14, 2020 Endeavour has called off attempts to merge with London-listed miner Centamin, after it said it would not extend the deadline for the Canadian corporation to make an offer. Shares in the UK firm fell eight per cent after the announcement was made. The two firms have been in talks since early December, when Endeavour went [...]
Lekoil shares crash after firm admits it was victim of fraud January 14, 2020 Shares in West African exploratory firm Lekoil fell over 70 per cent today after the company revealed that it had been the victim of fraud by individuals purporting to be representatives of a Qatari equity fund. Yesterday Qatar Investment Authority (QIA) contacted the firm questioning the validity of a $184m loan Lekoil had announced with [...]
Revealed: The London boroughs with the most new build homes January 14, 2020 The City of London has the biggest proportion of new build housing stock compared to the other boroughs in the capital, according to the latest research. In total, 28 per cent of the property currently listed for sale in the Square Mile falls into the new build sector. Read more: UK housing market stable despite [...]
World’s richest football clubs 2020: Barcelona replace Real Madrid at top of Deloitte Football Money League as Manchester United are left behind January 14, 2020 Barcelona have overtaken Real Madrid to become the world’s richest football club, according to Deloitte’s Football Money League. The Spanish champions saw revenue soar to €840.8m (£741.1m) last year – a record figure for any team and almost 10 per cent more than rivals Real Madrid, who are second. Manchester United, in third, remain the [...]
US markets hit fresh record high on trade deal optimism January 13, 2020 US stock markets hit fresh all-time highs today as investors optimistically await the signing of “phase one” of the US-China trade deal. Indices were also boosted by expectations of a pick-up in profits for US companies as fourth-quarter earnings season kicks off. Read more: Donald Trump: US to suspend planned tariffs after reaching China trade [...]
Museum of London lodges application for Smithfield Market move January 13, 2020 The Museum of London has submitted its plans to relocate to Smithfield Market, claiming that the new site could become one of the capital’s top-10 tourist attractions. The move would be a part of the wider project to move the historic Smithfield meat market, along with New Spitafields fruit and vegetable market and Billingsgate fish [...]
Alphabet nears $1 trillion valuation on ad growth optimism January 13, 2020 The valuation of Google parent company Alphabet is on the verge of hitting the prestigious $1 trillion (£770bn) mark after a string of positive analyst coverage pushed up its share price. Shares in Alphabet edged to within one per cent of the $1 trillion market capitalisation on Friday as the tech firm continues a bullish [...]
Clive Lewis withdraws from Labour leadership race January 13, 2020 Clive Lewis has pulled out of the Labour leadership race after only getting five endorsements from other MPs. The Norwich South MP needed 22 nominations by 2.30pm to proceed to the next round, however he only managed to pick up five. Read more: Labour leadership race: Rebecca Long-Bailey rejects Corbyn comments that party ‘won the [...]