Investment in London’s tech startups hit record levels of $682m in 2015 April 2, 2015 Investment in London’s technology sector has hit a record high, once again proving the city’s attractiveness to investors as firms in the capital gained more than half-a-billion dollars in backing in 2015. In the first quarter of the year, in which established tech startups such as World Remit, Transferwise and Shazam received multi-million pound funding [...]
Caught in the act: Why Facewatch has turned to crowdfunding April 1, 2015 I have always wanted to raise investment through crowdfunding, because so much of what my company Facewatch does is based around empowering individuals to help themselves and others to reduce crime. That’s why we want to encourage lots of ordinary people to share in what we believe is going to be a great British success [...]
State pensions generous even after reforms March 31, 2015 Teachers and NHS staff will still receive generous pensions after the government reforms which come into force today, spending watchdog the Institute of Fiscal Studies (IFS) said yesterday. Those with more than 10 years still to work will be made worse off, as their final payout will be based on an average of their earnings [...]
RBS sees better-than-expected price for its Aldgate office block March 31, 2015 Bids for one of the Royal Bank of Scotland’s office buildings in Aldgate have entered a second round, with the taxpayer-owned lender set to gain a better-than-expected payout. The bank appointed advisory firm DTZ at the end of last year to sell Aldgate Union on Whitechapel High Street, with a guide price of around £85m. [...]
Forget the media darling equity: Debt is the biggest area of UK crowdfunding March 31, 2015 City A.M. published an article last week entitled Crowdfunding: A brief history. It acknowledged that there are four types of crowdfunding – donation, rewards-based, debt and equity – and yet the entire piece focused on equity crowdfunding. At the end of last year, Cambridge University and Nesta released a report called Understanding Alternative Finance. It [...]
Pensions: Act now to avoid 55 per cent tax March 31, 2015 Don’t be caught out by the lower lifetime savings allowance. New rules on the total amount of money that can be saved tax-free in a pension are set to come into force in April 2016. The lifetime allowance was £1.8m in 2011-12, but George Osborne reduced this to £1.25m in 2014, and the limit will [...]
London’s booming FinTech sector will stumble without better access to talent March 29, 2015 One of London’s strongest attributes has always been its ability to reinvent itself – and the success of the financial technology (or FinTech) sector shows this characteristic coming to the fore once again. Since the financial crisis, the explosion of companies specialising in financial technologies has brought innovation and prosperity to formerly run-down areas of [...]
Data deluge: Microsoft boss Dave Coplin on how SMEs can best harness technology March 29, 2015 What if, instead of making us smarter, the technology we surround ourselves with was actually making us less efficient? This perhaps unpalatable suggestion becomes even more surprising when made by a man entitled “chief envisioning officer” of one of the world’s largest technology companies. But Microsoft’s Dave Coplin made just this point when speaking at [...]
Interview: City A.M. talks to Marcelino Castrillo, MD of SME UK banking at Santander March 29, 2015 Why has Santander decided to refocus its Breakthrough programme to include all ambitious SMEs, and not just fast-growth businesses? The fast-growth businesses we’ve been working with were seeing great results: they were growing their workforce, launching new products and entering new markets. But we understand that not all ambitious businesses are necessarily fast-growth. Business ambition [...]
Uber expansion: Lessons on how to rapidly scale March 29, 2015 How does a business scale in five years, from operations in one city to a presence in over 280? Uber, the Silicon Valley tech firm, has done just that – in the meantime disrupting the entire private car hire industry. What lessons does it offer other ambitious firms? Uber is a local service operating on [...]
