As London heads back to school, here’s how the City is kickstarting careers January 14, 2019 It’s back to school for students across the country. A new term is always an exciting prospect; pupils and teachers return with renewed energy and a readiness to learn and teach. Last month, the City of London Corporation, which sponsors 10 academies in London, was named by the Sutton Trust as the best UK academy [...]
London drives increase in number of new UK startups January 14, 2019 London entrepreneurs defied political and economic gloom last year with a jump in the number of registered startups. More than 216,000 new businesses were registered in the greater London area last year, a 6.45 per cent increase on 2017. Across the UK as a whole, the number of new companies registered last year rose by [...]
London venture capital firm Beringea heads up north with £9m fintech injection January 13, 2019 London-based venture capital firm Beringea has expanded its UK presence with an office based in Manchester, the firm will announce today. It has also led a £9m fundraising round in Mancunian fintech firm Accesspay, which it said was one of the region’s largest fintech rounds to date. Based in the northern city centre's St Peter's [...]
Huge rise in number of UK design companies amid creative sector boom January 11, 2019 The number of design-related businesses in the UK has soared over the last decade amid a boom for Britain's creative industries. Since 2010 there has been a 70 per cent increase in the number of UK design businesses, well above the 27 per cent average across all sectors, according to new research by the Design [...]
Revolut rival digital bank N26 lands $300m funding round, becoming Europe’s most valuable fintech startup January 10, 2019 Digital banking startup N26 has closed the biggest funding round in European fintech in recent years, valuing the Monzo and Revolut challenger at $2.7bn (£2.1bn). The Berlin-based fintech, which offers a current account and debit card through its mobile banking app, has raised $300m in a series D round led by US venture capital firm Insight Venture Partners. [...]
London raked £1.8bn in tech funding last year, almost double its next closest rival January 9, 2019 London has retained its spot at the top of the tech charts for another year, securing almost double the amount of investment in 2018 than its next closest European competitor. Tech firms in the capital raised £1.8bn in venture funding and public listings in 2018, raking in 72 per cent of the UK’s £2.5bn total [...]
Fintech unicorn Monzo to appoint former Northern Rock boss to banking board January 8, 2019 Digital bank Monzo has appointed the former head of failed bank Northern Rock to its board, as the startup aims for growth in 2019. The fintech firm is to announce Gary Hoffman as its non-executive chairman tomorrow, as first reported by Sky News, replacing Baroness Kingsmill who has chaired Monzo since 2015. Hoffman will bring [...]
CES 2019: Tech firms set to chase Vegas lights for gadget bonanza January 6, 2019 This week marks the dawn of CES 2019, an annual trade show held in Las Vegas where startups and tech giants alike debut some of the world’s hottest new gadgets. Following on from last year’s most popular trend, voice assistants and artificially intelligent products are expected to take centre stage. Samsung is thought to be [...]
The UK’s ‘Brexit-proof’ tech startups land Christmas number one for European funding December 20, 2018 British tech firms brought in more funding from venture capital firms than any other country in Europe in 2018, as well as achieving the highest amount of exits. Startups in the UK attracted £6.3bn in venture backing this year, according to new figures released today by Tech Nation and Dealroom. In the same period, the [...]
Immigration after Brexit: Here’s how the City reacted to Sajid Javid’s white paper December 19, 2018 The government has outlined proposals for rules on immigration after the UK leaves the European Union next year, prompting a flurry of responses from business leaders across the City. Unveiled by home secretary Sajid Javid this afternoon, the document said low-skilled workers entering the UK from EU countries will no longer receive automatic approval to work in [...]