Meet the hottest 50 UK tech startups which are now “scale-ups” November 3, 2016 50 of the hottest startups from across the UK have now been named the country's top "scale-ups" – the fastest growing businesses boasting average growth of 47 per cent over the past year. Jobs website Adzuna and smart city technology firm Pavegen are among the new cohort of businesses chosen to join the scale-up club of [...]
City Moves for 3 November 2016 | Who’s switching jobs November 3, 2016 Palatine Private Equity Palatine Private Equity has appointed Zoe Clements as a partner in the London team as the firm looks to back businesses that have a focus on environmental, social and governance (ESG) principles within their business models. Zoe joins from Electra Partners where she played a leading role in their investment in Photobox [...]
Why Trump could be in for a thumping victory November 3, 2016 As if 2016 hadn’t already provided enough reasons for investors to panic, a late narrowing of opinion polls ahead of next week’s US election is sending shivers through trading flaws. Could Donald Trump steal an incredible (and, in the opinion of many, terrifying) victory next Tuesday? It remains unlikely – but less unlikely than in recent [...]
Recipe box startup Gousto gobbles up millions more in funding November 3, 2016 Food delivery startup Gousto is hungry for growth, landing millions more cash from investors. Unilever and Barclays are among the corporate investors ploughing a further £10m into the company which delivers fresh ingredients and recipes via subscription direct to people's doors. Read more: Antony Jenkins' fintech startup has revealed its first banking client LoveFilm entrepreneur Simon Calver's BGF Ventures, [...]
Carney expected to leave rates on hold on Bank’s Super Thursday November 3, 2016 The Bank of England is widely expected to leave interest rates on hold when it meets later today. Better-than-expected economic growth data in the third quarter – seen as a sign of resilience following the UK’s vote to quit the European Union – could mean Bank of England governor Mark Carney paints a rosier picture [...]
Watch this space: UK jewellery chains put up for sale November 2, 2016 The owner of some of the UK’s best-known jewellery chains has put them up for sale. Aurum Holdings, which is owned by US-based investment firm Apollo Global Management, has reportedly begun interviewing banks as it seeks to sell Goldsmiths, Mappin & Webb and Watches of Switzerland. Read more: Siran Manoukian on the inspiration for her [...]
City passporting rights deal “unachievable” in Brexit negotiations, warns top EU financial lawyer November 2, 2016 The UK is unlikely to be able to secure passporting rights during Brexit negotiations, a top EU financial lawyer has warned in a report. In its Blueprint for Brexit paper, think tank Politeia said preserving so-called passporting rights for financial services at all costs should not be prioritised by UK negotiators as it is not achievable. Passporting allows financial services [...]
Pensions Regulator steps up probe into Sir Philip Green November 2, 2016 The Pensions Regulator (TPR) has tonight intensified its investigation into Sir Philip Green as it seeks to end the crisis engulfing the retirement scheme of collapsed retailer BHS. Lesley Titcomb, the head of the pensions watchdog, announced late on Wednesday that TPR is to escalate its enforcement action as it seeks redress for 20,000 BHS pension scheme [...]
Ireland is launching a charm offensive on the UK’s financial services market after Brexit November 2, 2016 The Irish government has embarked on a charm offensive in a bid to lure parts of the UK's financial services market to Dublin in the aftermath of Brexit. Financial services minister Eoghan Murphy is meeting firms in the capital this week to discuss the merits of the Ireland as a gateway to Europe. Just days after [...]
German government told: Best outcome from Brexit negotiations is no Brexit November 2, 2016 The German government has been advised that the best outcome from Brexit negotiations will be no Brexit. The Council of Economic Experts told Angela Merkel’s government that a UK exit from the EU would “not only mean an economic loss, but above all a bigger political mess”. The report said: “The best outcome of the [...]