Transferwise set for second round of fresh funding as expansion continues February 29, 2016 Online money transfer service Transferwise is closing in on a new round of funding, just 12 months after a $58m raising led by US venture capital firm Andreessen Horowitz. Transferwise still has around half of the previous rounds’ cash in the bank, City A.M. understands. Transferwise is in talks with big name investors including existing [...]
More details revealed on the EU-US Privacy Shield, the successor to Safe Harbour, regulations governing how data will be shared between the two regions February 29, 2016 Legal details on incoming regulations governing the flow of data between the EU and the US were published by the European Commission today, although experts are warning the new framework could be tougher to comply with than its predecessor and may not entirely clear up uncertainty for businesses. The EU-US Privacy Shield, which is replacing [...]
Trinity Mirror’s share price up by more than 3 per cent after City reacts positively to New Day launch February 29, 2016 Trinity Mirror’s share price was up by around 3 per cent today following the launch of the New Day newspaper. Analysts have reacted positively to the launch, which came on the same day as the company reported falls in statutory profits and revenue. Alex De Groote, media analyst at Peel Hunt: "It's not going to be a game-changer" This [...]
Oscars 2016: Maitland boss Neil Bennett says PRs should look to the Oscars for inspiration on crisis management February 29, 2016 In spite of accusations of a lack of diversity and everyday discrimination targeted at this year's Oscars, one marketing boss reckons the ceremony on Sunday night was one of the great PR miracles of our time. Neil Bennett, chief executive of PR firm Maitland, told The Capitalist that for all the protests and boycotts surrounding [...]
Argentina makes $4.65bn deal with holdout creditors pathing the way for return to international capital markets February 29, 2016 Argentina has finally come to an agreement in principal with a group of holdout creditors to end a 15-year legal fight over defaulted debt. The country will pay the group $4.65bn, which is close to 75 per cent of the full judgements, including the principal and interest, according to Bloomberg. The agreement is expected to clear [...]
EU referendum: Brexit could affect property prices – but the Chinese slowdown and a potential interest rate rise are greater causes for concern February 29, 2016 The date has been set and the die has been cast – after 40 years this June voters will have a chance to decide if Britain should stay in the EU and speculation on the possible impact of a Brexit has reached fever pitch. While politicians, businesses and industry experts are willing to throw their [...]
Techies and retailers beat the bankers to win 100 free lunches in Deliveroo’s corporate competition February 29, 2016 IT’S SAFE to say that City workers are bracing themselves for a disappointing bonus season. Reports earlier this month found that banker’s bonuses could plummet by almost 10 per cent, but City firms are trying to make up the difference by winning free lunches for their workforce. Up-market fast food transporter Deliveroo has launched a competition [...]
Gym-goers get geeky as analytical Brits shell out £165 a year on fitness technology February 29, 2016 There's a new must-have accessory in the City – fitness gadgets. More than half of the British public now own some kind of wearable fitness gadgetry, and are spending hundreds of pounds a year to follow their calorie intake, macronutrients and weight gain, according to new research. The data shows gym geeks are also looking beyond traditional [...]
Leap Year 2016: Here’s how ONS data be affected by that extra day on 29 February February 29, 2016 Could 2016's leap year help solve our productivity crisis? Or, at the very least, paper over the cracks? The ONS has crunched the numbers to show how economic data is affected by a leap day this year – and those numbers are clearly going to tick up. The maths is fairly obvious – one extra day means one-28th more [...]
Hatton Garden: Police pin man to ground after reports of threatening people with a knife February 29, 2016 London's iconic jewellery district Hatton Garden was home to more scenes of police cars and vans, after officers had to break up a knife row this afternoon. Two men have been arrested – the first on suspicion of being in possession of an offensive weapon and affray, the second on suspicion of affray and assaulting a [...]