Venture capital firm Backed launches €150m funds to back high-growth tech February 22, 2022 London-based venture capital firm Backed has unveiled two new €75m funds to tap into European high-growth tech firms, the firm announced today.
Female executive director numbers drop amid so-called ‘sea-change’ on FTSE boards February 22, 2022 The number of female executive directors in FTSE 100 firms has dropped in the past year, according to a new report, despite government-backed quotas. Figures slipped to 25.9 per cent from women making up 26.5 per cent of FTSE 100 Executive Committee’s in 2020. While almost 40 per cent of FTSE 100 board positions are [...]
Wizz Air shares dip as airline continues to operate in Ukraine February 22, 2022 Shares of low-cost airline Wizz Air have dipped today, going down 1.43 per cent to close at 3,988p, as the company announced it will continue to operate in Ukraine despite the imminent threat of a Russian invasion. “Wizz Air is committed to continuing to fly to Ukraine and the country remains an important part of [...]
London Stock Exchange dives into crypto trading with $325m Tora deal February 22, 2022 The London Stock Exchange Group (LSEG) has inked a deal to snap up Tora in an effort to expand its digital asset trading capabilities.
Insurance bosses ready wave of investment after Solvency II shake-up February 22, 2022 Britain’s insurance giants have welcomed government plans to shake-up EU-era solvency rules as they prepare to unleash a wave of investment across the UK.
FCA slaps down crypto unicorn Bitpanda’s regulation claims February 22, 2022 Britain's financial watchdog has poured cold water on Bitpanda's claims it is able to perform regulated crypto custodian services in the UK.
Home transactions settle back to pre-Covid levels with ‘best sellers’ market in decades’ February 22, 2022 More than 85,000 homes changed hands in January, with property transactions up on pre-Covid averages, HMRC data has revealed. Official figures show that the provisional non-seasonally adjusted estimate of UK residential transactions for January 2022 was 85,520. This was 22.2 per cent lower than December 2021. There were seven per cent more transactions than the [...]
Virgin Hyperloop halves staff following shift from passenger to cargo February 22, 2022 Virgin Hyperloop – Richard Branson’s hyperloop subsidiary – has decided to halve its staff as a result of its shift from passenger to cargo operations. The company, which backed by Virgin Group and ports operator DP World, has recently made 111 members of its staff redundant after getting rid of the firm’s management. Virgin Hyperloop’s [...]
Former Kingfisher chief and one of the UK’s top brand experts battle it out for Channel 4 chairmanship February 22, 2022 Former chief of DIY retailer Kingfisher and one of the UK’s top branding experts are fighting to become Channel 4 chair as question marks remain over the broadcaster’s future. As first reported by Mark Kleinman for Sky News, Sir Ian Cheshire and Rita Clifton were interviewed for the role by Ofcom earlier this month. Clifton [...]
National Portrait Gallery cuts BP sponsorship after 30 years February 22, 2022 The National Portrait Gallery has today announced that it will be cutting its partnership with BP, ending a 30 year relationship with the oil and gas firm. The announcement follows years of growing opposition to BP’s sponsorship of the Gallery, including the BP Portrait Award. Critics have varied from artist Gary Hume speaking out against [...]
