The Square Mile and Me: Steve McGill on Boots, negativity and the Four Seasons April 20, 2023 We dig into the memory bank of the City’s great and good: this week, Steve McGill details his life running the fastest-growing speciality broking firm in the world, McGill and Partners. Quick-fire round What’s your favourite…?
‘Down to the wire’: Treasury and Bank scramble for Silicon Valley Bank UK package March 12, 2023 Treasury and Bank of England officials are locked in discussions over the future of Silicon Valley Bank’s (SVB) UK arm – with leading tech figures across London suggesting the bank’s collapse could be an extinction-level event for thousands of firms. The UK-owned subsidiary of Silicon Valley Bank was placed into insolvency earlier this evening, with [...]
Twitter, Facebook, Instagram and TikTok are ‘above the law’, say founders of Hoof, the British football app taking on the social media giants January 17, 2023 British tech start-up Hoof is aiming to “elevate the level of football discussion” with a new app that, unlike Twitter, Facebook and the other social media behemoths, stops abusive posts at source, its founders tell City A.M. If football and social media had a relationship status it would be “it’s complicated”. On the one hand [...]
New year’s resolution to start a business? You’re not the only one, it seems January 6, 2023 The number of new businesses being set up is expected to surge today as the New Year spirit bolsters Brits to hold true on resolutions. According to data from Virgin Startup, the first Friday of January is a peak time for entrepreneurs to begin their start-up journeys thanks to New Year’s resolutions and the increased [...]
Cricket champions Surrey swap Adidas for Andy Murray-backed City boys’ startup January 5, 2023 Surrey County Cricket Club have become the latest team to sign a deal with Castore, the Andy Murray-backed British sportswear startup founded by two former City workers. The reigning men’s County Champions today announced a multi-year agreement for their men’s and women’s teams to swap Adidas kit for apparel made by Castore, starting in the [...]
Best of 2022: Michael Doughty on quitting football to found ethical brand Hylo Athletics December 26, 2022 In this interview first published in October 2022, former Premier League footballer Michael Doughty explains why he walked away from the game to set up sustainable sportswear brand Hylo Athletics. The longer that Michael Doughty’s playing career went on, the harder he found it to ignore the effects of climate change. “I saw way more [...]
London’s unicorns: City’s tech start-ups are bringing in the big bucks December 21, 2022 London’s tech start-ups have had a turbulent 2022. But while some of the original tech players in the city have struggled with rising costs and depleting revenues, newer unicorns are making moves. Here are the five London start-ups that made their mark this year, and are to be watched out for in 2023. OakNorth Valued [...]
London tech revises internal tax valuation to $11b December 14, 2022 Checkout.com, a London tech start up, has revised its internal tax valuation to $11bn. Its investor valuation earlier this year was a staggering $40bn. Checkout.com is a digital payment platform for businesses that was valued at $40b after a series D round in January. According to company filings, the firm generated a revenue of $204m [...]
Tech startup helps businesses to combat £9bn waste in productivity due to poor mental health September 28, 2022 12 billion workdays lost annually to mental ill-health but young entrepreneur thinks he has the solution. Mental health issues in the workplace are costing the global economy over £9bn ($1tn) due to lost productivity say international agencies. The World Health Organization (WHO) and the International Labour Organization (ILO) are calling for “concrete actions” as depression [...]
Gymshark and Boohoo chiefs call for new British startup competition September 8, 2022 CHIEFS from Gymshark and Boohoo have urged the Prime Minister to back a new entrepreneurship competition in a push to get British startups back on track. In a letter to Liz Truss, the group of entrepreneurs, which also include top dogs from crowdfunding firm Seedrs and food-sharing app Olio, called on the government to fill [...]