London AI startup InstaDeep bought by BionTech in half-a-billion deal January 11, 2023 London based AI startup InstaDeep has been bought out by biotechnology giant BioNTech in a half-a-billion pound deal. InstaDeep focuses on machine learning and artificial intelligence, and has raised nearly £100m across four seed rounds. The deal will allow BioNTech to use InstaDeep’s machine learning to “improve its drug discovery process, including developing personalised treatments tailored [...]
JD Sports expects pre-tax profits to top £1bn following Christmas surge January 11, 2023 JD Sports expects to post pre-tax profits of more than £1bn for the year ending on 3 February 2023 after it recorded a Christmas sales surge. The sportswear retailer said a strong performance in the second half of 2022, driven by a surge in sales over Christmas, will see it achieve its financial goals. The [...]
Inheritance tax: London property nets HMRC £820,000 in death duties on average, double other regions’ intake January 9, 2023 Property makes up half the wealth of estates in London paying inheritance tax (IHT) – around twice as much as most other regions, according to a retirement specialist. An HMRC Freedom of Information (FOI) request from retirement specialist Just Group revealed that in 2019-20, the latest financial year of available data, property accounted for 50 per cent [...]
How the Chinese New Year and covid rule changes could give a tourism boost to London’s West End January 6, 2023 London’s West End is looking forward to the return of Chinese tourists this month, after the easing of the nation’s zero-Covid policy – ahead of the Chinese New Year. China has seen a surge in Covid infections in recent months, with EU countries introducing testing requirements for travellers. Travel from and to China will be [...]
Odeon sees Christmas boom as Avatar 2 lures Brits back to the big screen January 5, 2023 Odeon, the UK’s largest cinema chain, welcomed over a million viewers during Christmas thanks to the much anticipated Avatar sequel. Cinemas in the UK have started 2023 on a high note after two rough years, according to new numbers released by Odeon. The return of viewers to the big screen was credited to the release [...]
What we’ll be eating in 2023: A guide to top new food trends, from seaweed to set menus January 5, 2023 London is one of the dining capitals of the world, representing every corner of global cuisine and sending ripples across the world with its food trends. We asked some top chefs what they think will be the big food trends of 2023, with answers ranging from lots more seaweed to a resurgence of “proper” Neopolitan [...]
Chinese New Year in London: What does the Year of the Rabbit mean? January 5, 2023 This month will see the start of the Chinese New Year, with the Year of the Tiger ticking over to the Year of the Rabbit. The main celebrations will take place on 22 January, although the build-up officially began on 30 December, day eight of the last month of the lunar calendar, with the Laba [...]
Best leg in darts history? Watch Michael Smith’s nine-dart finish January 3, 2023 The world championship of darts is a hotbed of pressure and tension as the best players fight in front of the raucous Ally Pally crowd. So imagine what it takes for the two finalists – Michael Smith and Michael van Gerwen – to conjure up one of the all-time great legs of darts. Watch it [...]
Going underground: Tube set for more 4G connectivity in central London January 3, 2023 Commuters will soon no longer have to rely on intermittent tube station wifi to read CityAM.com – with 4G connectivity coming to a host of new stations. According to Transport for London, final 4G testing is underway at Camden Town, Oxford Circus and Tottenham Court Road. If successful it will mean 4G is available at [...]
New Year: Eight arrests as revellers rush stewards to ‘force’ way into fireworks January 1, 2023 Eight people were arrested during New Year’s Eve fireworks in central London, after celebrations turned sour with revellers trying to “force” their way into the sold-out event. In its first return since the pandemic, thousands of tickets were sold to watch midnight fireworks, but trouble started about an hour before 2023 was welcomed. Fireworks also [...]