London fintech Paddle snaps up US firm ProfitWell for $200m May 25, 2022 London fintech firm Paddle has struck a $200m deal to buy US firm ProfitWell today in its first acquisition since being founded ten years ago.
British Land unveils £3.6bn green neighbourhood project for Canada Water May 25, 2022 British Land, one of the UK’s largest property developers, has today unveiled a £3.6bn plan to build a 53-acre town centre in Canada Water alongside Aussie pensions giant AustralianSuper. The regeneration project will include up to 3,000 new homes, as well as more office space – which expected to host 20,000 workers amid London’s post-pandemic [...]
Zumo launches pioneering full-stack B2B crypto solution May 25, 2022 Edinburgh-based crypto wallet and payments platform Zumo has launched 'Zumo Enterprise' - its new B2B ‘crypto-as-a-service’ solution.
Liquid investment: How a new breed of rum is biting at the heels of whisky May 25, 2022 The rise of rum has been predicted for some time. The staggering rise in the fortunes of the whisk(e)y industry – I’ll omit the “e” from now on for aesthetic purposes – over the last couple of decades means many enthusiasts and would-be collectors are now being priced out of that market, and rum is [...]
Spotify brings back political ads as the US gears up for midterm primaries May 25, 2022 Spotify has quietly brought back political adverts in the US, after pausing them in the lead up to the contentious 2020 election.
We’re focusing on profitable passengers not volumes, says Southend airport May 25, 2022 Southend airport is focused on attracting profitable passengers back instead of worrying about volumes, according to David Shearer, executive chairman of the airport’s owner Esken. The airport welcomed its first passenger flight at the beginning of May, after low-cost airline returned back to the hub, with routes services to Faro, Malaga and Mallorca. The airport [...]
Nike joins Starbucks and McDonald’s in exiting Russia as it cuts ties with franchisee May 25, 2022 Trainers titan Nike has become the latest US household name to exit Russia, as it confirmed it had not renewed agreements with its largest franchisee there. According to the Vedomosti daily newspaper, Inventive Retail Group (IRG), which oversees Nike’s stores in Russia via the subsidiary Up And Run has confirmed Nike is no longer supplying [...]
Ex-Clyde & Co partner ‘rebuked’ after putting arm around female colleague at a strip club May 25, 2022 An ex-Clyde & Co lawyer has been “rebuked” by the solicitors’ watchdog for putting his arm around a female trainee solicitor at a strip club. The former personal injury lawyer, who was fired from the City law firm in 2018, was also told to pay £600 to the solicitors’ watchdog to cover the costs of [...]
Ryanair reports 15m passengers in May as summer bookings ramp up May 25, 2022 Ryanair has reported that 15 million passengers travelled aboard its planes in May as summer bookings continue to ramp up. According to the low-cost carrier, load factor – the measure of how well an airline fills its seats – has gone up to 92 per cent, 1 per cent above April’s levels. Load factor is [...]
Gorillas to double down on UK as half of Berlin team laid off May 25, 2022 Gorillas has been the latest startup to announce a slew of job cuts, with almost 300 staff in the lurch, after Klarna also revealed layoffs earlier this week. The rapid delivery app is to cut around 320 roles at its Berlin headquarters, according to reports from German news site Manager Magazin. “We thoughtfully and carefully [...]
