Deliveroo teams up with Heineken to create new booze delivery brand November 16, 2016 Deliveroo has announced a new partnership with Heineken which will see the two launch a new brand, Brew House, through which customers will be able to order beer and cider directly to their homes. Brew House launches in London today, and will be rolled out across the rest of the UK by the end of this year, [...]
Oversubscribed investment trust and Scottish tech firm announce flotations November 16, 2016 A Scottish technology company floated on the London Stock Exchange this morning and is set to be joined by an oversubscribed new investment trust on Friday. City A.M. first reported that the investment trust, Civitas, which focuses on social housing, was planning to raise £250m through a float on 18 November. The IPO was oversubscribed [...]
Tesco Bank’s perception goes into the red after security breach November 16, 2016 Last week, news broke of a security breach which compromised the accounts of Tesco Bank customers. It was reported that £2.5m had been stolen from 9,000 customer accounts, with the worst affected losing up to £1,500. In the immediate aftermath, the company suspended online and contactless transactions. YouGov brand tracking data shows us how the [...]
Snapchat IPO is go: Photo-messaging app said to have filed for flotation November 16, 2016 Photo-messaging app Snapchat is reported to have filed for an initial public offering (IPO), which could value the company at up to $25bn (£20bn). The US flotation, which would be the biggest since Chinese e-commerce giant Alibaba went public in 2014 valued at $171bn, has been on the cards for some time. Read more: Snapchat [...]
Want to join Scotland’s £17bn data revolution? November 16, 2016 | City Talk Picture the scenario: you're located in a leading UK technology centre such as Scotland with a data sector worth a healthy £17bn. You need skilled and qualified data professionals – but where do you find 'em? The good news is that Scottish data innovation centre, Data Lab, is offering 90 MSc places for 2016/17 across seven Scottish universities, [...]
Why haven’t you invested in Scotland’s blockchain sector yet? November 16, 2016 | City Talk Can you hear it? That's the sound of the guys working on the chain. Blockchain to be precise. It's no longer a silent revolution in the UK financial world. It's moving fast. Really fast. In fact an amazing £634 per second fast. Or £70,000 by the time you've read this article. Scotland's rapidly-growing blockchain business is making a big noise in [...]
LendingCrowd thinks outside the bank using the power of the crowd November 16, 2016 | City Talk Peer-to-peer firm LendingCrowd was quick to attract investment to grow in Scotland's niche crowdfunding sector. The company also had the vision to appreciate the vast fintech potential here, which thrives on over 1,000 tech firms, together with 600 financial and business companies. It’s not hard to see why peer-to-peer lending has established such a strong foothold in just a handful of [...]
Google’s still committed to the UK after Brexit promising major investment November 15, 2016 Google remains committed to the UK the tech company's top boss has said, with its headcount set to nearly double in the coming years as it goes ahead with plans for a new £1bn headquarters. "We see opportunities here," said Sundar Pichai on his first trip to London since becoming chief executive. However, a crackdown on skilled immigration would [...]
We’ve hit peak gig economy, according to JP Morgan November 15, 2016 The number of people racing to make money from driving an Uber, offering their services on TaskRabbit or renting out a spare room on Airbnb has peaked, according to one top investment bank. Growth in the number of people participating in the gig economy has slowed and is now plateauing, new research from JP Morgan has [...]
Super Mario is coming to your iPhone next month November 15, 2016 If you're one of the legions of 80s and 90s kids whose misspent youth was taken up frantically punching at SNES and Nintendo 64 controllers, rejoice – for Super Mario is finally about to appear on your iPhone. Today Nintendo said it was planning to release Super Mario Run to Apple's App Store on 15 [...]