Worldpay founder welcomes Fox’s fintech investment drive June 17, 2018 The founder of Worldpay has welcomed the government's drive to increase investment in the UK's fintech sector. International trade secretary Liam Fox launched the initiative towards the end of London Tech Week, saying it will put technology "at the heart" of the UK's future growth. Nick Ogden, founder of Worldpay and ClearBank, told City A.M.: [...]
Made.com reveals £40m in fresh funding to boost European business March 18, 2018 High-end design brand Made.com has raised £40m of equity funding which it says will be used to fuel expansion into new European markets and boost its online presence. The funding round includes commitments from existing investors Partech Ventures, Level Equity and Eight Roads Ventures as well as a new, unnamed, "tier one global institutional investor". [...]
These are the world’s 50 most valuable brands of 2017 September 25, 2017 Apple and Google have once again take the two top spots in a list of the world’s 100 most valuable brands, according to rankings by consultancy group Interbrand. Five UK firms made into into the 2017 best global brands list. These were Burberry, HSBC, Land Rover, Smirnoff and Johnnie Walker. This is the fifth consecutive [...]
Drop in supermarkets sales leads to UK plc revenues sliding August 15, 2016 Dwindling supermarket sales have weighed heavily on the performance of UK plc, causing listed companies’ revenues to dip 2.2 per cent to £341.7bn in the last quarter, according to new research from retail stockbroker The Share Centre. Supermarkets, which account for nearly one third of the UK's publicly listed companies, saw sales fall below £100bn [...]
More than 10 per cent of high street stores across the UK now lie vacant August 15, 2016 More than 10 per cent of high street stores across the UK now lie vacant as property costs continue to rise and retailers respond to consumer demand for online alternatives. National town centre vacancy rates rose to 10.1 percent in the third quarter of this year to July, according to new research from the British [...]
Premier Oil eyes £2.6bn restructuring deal to complete North Sea oil projects August 15, 2016 Premier Oil is targeting a huge £2.6bn restructuring deal with lenders, ahead of the release of its first half financial results this Thursday. The FTSE 250-listed oil explorer has suffered poor fortunes since the oil price collapse of 2014 and 2015, with pre-tax losses deepening further to $830m in 2015. It has been in talks with [...]
Lineker joins the ranks of celebrities’ ballsy pledges August 14, 2016 Gary Lineker has taken the Twittersphere by storm after honouring his promise to present Match of the Day in his underpants, and in doing so has joined the ranks of ballsy celebrity pledges. The 55 year-old former footballer took his kit off for the first episode in the new series last night after making a vow last December [...]
Who tops the list of Britain’s 10 most popular politicians? August 14, 2016 Just one month into her tenure as Prime Minister, Theresa May has emerged as Britain’s most popular politician, stealing the top spot from Boris Johnson who has suffered a fall from grace in the wake of the EU referendum. May won favour with Conservative MPs following David Cameron’s resignation on 24 June and has since risen in [...]
City Moves for 19 May 2016 | Who’s switching jobs May 19, 2016 Bryan Cave LLP International law firm Bryan Cave LLP has expanded its banking and finance practice in Germany with the addition of Sandra Pfister, who joins as a partner. Sandra is known internationally for her banking and finance work. Joining with Sandra is associate Reinhard Bunjes. Sandra’s expertise is in the area of banking and finance [...]
Fiat Chrysler recalls 500,000 Jeep Wrangler SUVs due to fears over air bags May 18, 2016 Car company Fiat Chrysler has announced it is recalling half a million Jeep Wrangler SUVs, over worries that the cars' driver-side air bags will not deploy if the vehicle is driven off-road. A clockspring located in the steering wheel that forms part of the circuit that helps control air bag function can, if driven off-road extensively [...]