Investment body proposes ‘rebranding’ of standard listings January 4, 2021 The City’s leading investment body has proposed an overhaul of London’s standard listing category as the Treasury looks to revamp public listing rules. The former British commissioner to the EU Lord Hill is heading up a government-backed review into rules governing public listings in a bid to lure tech giants to the City. The City [...]
Bitcoin’s record-breaking rally loses steam January 4, 2021 After hitting an all-time high of just over $34,000 over the weekend, the value of Bitcoin plunged on Monday morning. The cryptocurrency is currently trading at $30,196, according to Coindesk, down nearly 10 per cent from its record high over the weekend. Bitcoin topped $34,000 on Sunday morning before settling at just over $33,400 by [...]
Euro share trading exits London to new EU hubs January 4, 2021 In the first day of trading since Britain left the EU, trading in euro-denominated shares has shifted away from the City to new platforms. The City’s unfettered access to the bloc ended on New Year’s Eve, meaning EU banks and asset managers must use a platform inside the bloc for euro share trading. The Brexit [...]
Startup Spotlight: The top 50 London tech firms to work for January 2, 2021 From insurtech to fitness and everything in between, recruitment platform Tempo has compiled a list of the best London-based startups to work for. Companies in its “Super Startups” list have been based on the company’s mission, employee reviews and career pages. To be considered for the list the startups must have been launched after 2014, [...]
UK tech jobs bounce back as investment hits record high December 29, 2020 UK tech job vacancies have bounced back strongly as Britain’s booming tech sector shrugged off the Covid-19 pandemic to attract record levels of investment. While job vacancies in the industry dropped sharply at the height of the crisis in July, they have since climbed 50 per cent and are now accumulating at a rate of [...]
Beringea: VCs will regret overpaying during the pandemic December 23, 2020 2020 is on track for a record year of VC investment but after a slow start followed by an avalanche of deals in September VCs should be in self-reflection mode. City A.M. spoke to the refreshingly honest Karen McCormick, chief investment officer of Beringea about the lessons learned from the pandemic and where VCs went [...]
Another month of decline for UK car production as industry calls for Brexit deal December 23, 2020 UK car production fell again last month as the industry urged Brexit negotiators to “seal the deal”. New figures from industry body the Society of Motor Manufacturers and Traders (SMMT), factories produced just 106,243 vehicles, last month. It represents a 1.4 per cent drop year-on-year – a better performance than other months this year – [...]
To the Moon: The ‘fintel’ going after the TikTok generation December 22, 2020 Almost every startup has at some stage dubbed themselves a disruptor. The Monzo or Revolut of their respective industries. It has become a tired cliche in the startup world but a new London-based startup is laying claim to being not only a disruptor but forging a new industry in itself. To the Moon claims to [...]
Google employees to work from home until September December 22, 2020 Google has reportedly delayed a return to the office until next September but has ruled out a permanent move to remote working. In an email first seen by the New York Times, Sundar Pichai, chief executive of Google’s parent company Alphabet, told employees they will return to the office on 1 September but expects employees [...]
Royal Mail settles industrial dispute over pay and operational changes December 22, 2020 Royal Mail has reached an agreement with its largest union, the Communication Workers Union after a two year dispute over strategy and pay. “Royal Mail and CWU have committed to rebalance our focus and resources from the declining letters to the rapidly growing parcels marketing, creating a more efficient business that is better aligned to [...]
