Keep off the grass: UK wildflowers at risk of extinction November 10, 2021 Research from British conservation charity Plantlife and Renault has revealed that in the UK one in five wildflowers is at a risk of extinction due to pollution. According to the data, since the 1930s 97 per cent of the country’s grasslands and meadows have disappeared, while floral diversity plummeted on road verges, usually home to [...]
Klarna challenger Zilch becomes fastest-ever British unicorn November 10, 2021 London-based fintech Zilch has today closed a mammoth $110m Series C funding round and become the UK’s latest billion dollar company in record-breaking time. The round brings Zilch, whose product capitalises on the lucrative Buy Now Pay Later (BNPL) sector but in many ways resembles a credit card, to a $2bn valuation – four times [...]
Software group Aveva’s losses deepen November 10, 2021 British industrial software group Aveva said this morning its operational losses had widened to £73.4m in the first half of the year, more than triple the £20.3m it reported a year earlier. Much of this was down to gradually writing off the costs of its intangible assets, the company said, following the completion of its [...]
City Moves: Who’s switching jobs in the Square Mile today? November 10, 2021 Deloitte Deloitte has posted a new partner to its financial advisory practice, who is set to head real estate mergers and acquisitions (M&A) for the sector. Bringing 17 years experience in M&A and principal investments to the position, Abhishek Jaiswal joins the Big Four firm from Bank of America where he was a lead real [...]
Oxford Nanopore shares jump after university spinout lifts life sciences revenue forecast November 9, 2021 Shares in Oxford Nanopore surged almost 6 per cent this morning after the recently-listed biotech upped the 2022 and 2023 sales forecast for its life sciences unit, bolstered by a multimillion dollar long-term contract win in the UAE. The genomics group forecast revenue for the core unit will hit between £170m and £190m in 2023, [...]
Investments climb back to pre-pandemic levels with cash reserves playing key role January 5, 2021 Despite economic pressures and a recession looming, nearly half of corporates and large SMEs expect business investment to return to pre-crisis levels by the end of this year as business gets back to normal. According to a new survey shared exclusively with City A.M. today, just 16 per cent expect to take three years or [...]