Blackstone nearly doubles London workforce after wooing dealmakers March 8, 2022 Blackstone has nearly doubled its London workforce during the pandemic, according to its chief operating officer (COO) today, as it eyes the capital as the jewel of Europe. Betting on Europe to keep pumping out sparkly investment opportunities, the now 500-strong team has been built by wooing dealmakers from investment banking rivals. “We are at [...]
Could quantum computing render blockchain obsolete? March 8, 2022 ‘What happens when quantum computers become reality?’: one of my favourite moments at a cryptocurrency seminar last year was when someone asked this. After a long pause, the speaker said something akin to: “We will figure that out when we get there.” Let me explain. The premise of blockchain technology and the cryptocurrencies, non-fungible tokens [...]
Ukrainian engineers fight back against Russian cyber attacks March 8, 2022 IT professionals in Ukraine have been fighting the raging cyber war against the Russians as Kremlin forces invade its cities. As reported by Computer Weekly, data and communications industry engineers have been working from bomb shelters and local communities to maintain internet connection throughout Ukraine’s cities. It comes as Russian forces have tried to intercept [...]
Tevva appoints former Jaguar exec Ian Harnett as chairman March 8, 2022 Electric and hydrogen truck maker Tevva Motors announced this morning it had appointed former Jaguar Land Rover executive Ian Harnett as chairman. Harnett is succeeding David Roberts, who is expected to remain on the board as non-executive director. The new chairman, who held leadership roles at Jaguar since 2009, first joined the truck maker’s board [...]
Exclusive: Invinity on vanadium flow batteries and the UK’s net zero plans March 8, 2022 Invinity chief executive Larry Zulch and chief commercial officer Matt Harper spoke with City A.M. about vanadium batteries and net zero.
Capricorn Energy returns $1bn to shareholders as Shell deal pays off March 8, 2022 Capricorn Energy has returned $1bn (£763m) worth of capital to shareholders over the past year, as the company expands its operations after snapping up Shell’s Egypt sites last year. Revenue from its Egyptian production bumped the total cash generated from oil and gas production by $56m (£42.7m) in the year to 31 December. The acquisition [...]
Gamepay raises $1.2m pre-seed for play-to-earn NFT games expansion March 8, 2022 Metaverse company Gamepay has raised $1.2 million in pre-seed funding from Seier Capital and investors including 8i Holdings as the company ramps up its presence in the play-to-earn (P2E) games sector.
Rail cleaners go on 48-hour strike across London and South East this weekend March 8, 2022 The National Union of Rail, Maritime and Transport Workers (RMT) has announced its members working for cleaning contractor Churchill will take the streets for the second time in less than a month over wages. The strike – which will affect major rail operators such as Thameslink, Eurostar and Southeastern – will take place on Saturday [...]
Menzies reverses Covid losses while it extends NAS deadline March 8, 2022 Aviation services firm Menzies has reversed the losses sustained because of the pandemic and reported this morning a $76m underlying profit. In the year ended 31 December, the group registered a 27 per cent increase in revenue, up from $1.06bn to $1.35bn, while its operating profit went up to $59m from a loss of $124m [...]
Bango revenue jumps over a third as it eyes new high growth sectors like crypto March 8, 2022 Mobile commerce technology company Bango, which works with clients including BT and Verizon, has secured a full-year revenue which its CEO has hailed as “ahead of expectations”. Revenue jumped more than a third in the year to 31 December to $20.7m, up from $15.7m in 2020. Bango, which now has services available to marketers on [...]
