More delays: Airports Commission to face courtroom stand-off with angry Teddington residents over pollution review June 15, 2015 The decision over where to build a new runway is about to be put off for even longer, after a group of residents in Teddington (in Heathrow's flight path) applied for a Judicial Review of the work of the Airports Commission. Read more: Businesses slam delay over airports action The Commission, led by Sir Howard [...]
New designs unveiled for 22 Bishopsgate – the skyscraper formerly known as the Pinnacle June 15, 2015 The Building Formerly Known As The Pinnacle has become the butt of various jokes over the last three years, after the 63-storey tower was abandoned by its developers during the depths of the property crisis in 2012 with just seven storeys built. Not surprisingly, it's since been known as "The Stump". But now the site's [...]
Start it in your late 30s, and keep your founding team in place: How to create a $1bn tech startup “unicorn” – and why London has created eight in the past year June 15, 2015 Want to own a $1bn (£644m) tech firm (yep, us too)? Get some experience, and start the business when you're in your late 30s, new research has suggested. The research, by investment banking firm GP Bullhound to mark London Tech Week, provides a step-by-step guide to getting that $1bn tech "unicorn" off the ground. Here's [...]
London Technology Week: It’s official – London’s the capital of European tech June 15, 2015 London is the capital of Europe's tech scene, new research has suggested, with almost three times as many startups choosing the capital than those in the next-most attractive city, Paris. The research, by EY to mark London Technology Week, which launches today, suggested 1,000 "international tech investment projects" based themselves in London between 2005 and [...]
“Gatwick Gusher” firm UK Oil & Gas share price rises as it extends Isle of Wight exploration license June 15, 2015 Shares in UK Oil & Gas (UKOG), the oil exploration company whose shares rocketed earlier this month after it suggested the amount of oil at its Horse Hill well near Gatwick was almost twice as much as previously thought, jumped 4.2 per cent to 2.37p as the market opened, after it was granted a year-long [...]
Thomas Cook targets China with Fosun joint venture June 15, 2015 Thomas Cook, one of the UK's largest holiday companies, today announced plans to take on the Chinese travel market with Fosun International, the Chinese group which took a five per cent stake in Thomas Cook in March. The pair said the venture, which will be launched under the Thomas Cook brand, will be 51 per [...]
Minouche Shafik, Andy Street and Jamie Murray Wells: These are the business grandees honoured in the Queen’s birthday honours list June 12, 2015 It’s the Queen’s birthday tomorrow – and what better way to kick off the celebrations than announce which of the nation’s great and good will don a hat and trip off to Buckingham Palace to receive an award. Among the 1,163 people named, there are 86 years between the oldest and youngest recipients [...]
IT, engineering, sales: These are the sectors that need summer workers the most June 12, 2015 As the summer jobs market heats up, demand is highest for temps, according to a survey released today by recruitment specialists CareerBuilder: some 39 per cent of the 400 employers polled intend to hire staff this summer. In further good news for job hunters, nearly three quarters – 72 per cent, of those surveyed [...]
Euro sinks and Greek stocks plummet after IMF walkout June 12, 2015 Stocks in Athens were down almost four per cent in mid-morning trading, after negotiators from the International Monetary Fund (IMF) walked out of talks last night. Meanwhile, the euro fell more than half a cent against the dollar, to less than $1.12. Editor's letter: I'm finally convinced – a Grexit could really happen Markets across [...]
Definitive proof Lichtenstein is more creative than Da Vinci? This algorithm ranks great artworks by their creativity June 12, 2015 The study scores 1,710 paintings, including works by Rodin, Michelangelo, Da Vinci and Mondrian, by their creativity (vertical axis) (Source: Arxiv.org) It turns out Leonardo Da Vinci wasn't as much of a creative genius as we all thought – or that's according to an algorithm created by two computer scientists at Rutgers University in New [...]
