Blippar raises extra £28m as losses build up September 17, 2018 Augmented reality (AR) company Blippar is raising another $37m (£28.2m) from investors as it attempts to tackle mounting losses, Sky News reported. The company, whose over $1bn valuation has drawn scepticism, secured commitments for funding the last few weeks, the broadcaster said. The fundraising will lift the total amount of capital it has raised since [...]
Government tests new robot fleet to battle chemical attacks September 17, 2018 The government is testing a new fleet of robots and drones, designed for use in hazardous environments in the UK and on foreign battlefields. A £3m research effort, named Project Minerva, includes producing drones designed to climb stairs and robots weighing less than a bar of soap, which are designed to reduce the risk to [...]
Charity chief completes seven marathons across seven continents to raise £36,000 September 17, 2018 A City charity chief executive has completed a personal ambition to run seven marathons across seven continents, raising almost £36,000 for charity in the process. John Craven, who heads social mobility charity Upreach, finished his epic undertaking last week with a run through Chile’s Patagonia region. He overcame “relentless and unforgiving” 40–45mph headwinds to finish [...]
Government tests new robot fleet to battle chemical attacks September 17, 2018 The government is testing a new fleet of robots and drones, designed for use in hazardous environments in the UK and on foreign battlefields. A £3m research effort, named Project Minerva, includes producing drones designed to climb stairs and robots weighing less than a bar of soap, which are designed to reduce the risk to [...]
Charity chief completes seven marathons across seven continents to raise £36,000 September 17, 2018 A City charity chief executive has completed a personal ambition to run seven marathons across seven continents, raising almost £36,000 for charity in the process. John Craven, who heads social mobility charity Upreach, finished his epic undertaking last week with a run through Chile’s Patagonia region. He overcame “relentless and unforgiving” 40–45mph headwinds to finish [...]
Companies dragging feet on encouraging boardroom diversity, report claims September 16, 2018 Corporate governance regulator the Financial Reporting Council (FRC) has criticised top British companies for having a lax attitude on encouraging boardroom diversity, accusing businesses of taking a “tick-box” approach. A report conducted by the FRC by the University of Exeter Business School found that only 15 per cent of FTSE 100 companies were in full compliance [...]
Companies dragging feet on encouraging boardroom diversity, report claims September 16, 2018 Corporate governance regulator the Financial Reporting Council (FRC) has criticised top British companies for having a lax attitude on encouraging boardroom diversity, accusing businesses of taking a “tick-box” approach. A report conducted by the FRC by the University of Exeter Business School found that only 15 per cent of FTSE 100 companies were in full compliance [...]
Beleaguered Grayling set to announce major new review of rail services September 16, 2018 The government is set to launch a major review of the UK’s railways this week, following widespread criticism and a series of operational problems. Transport secretary Chris Grayling is expected to appoint Keith Williams, the former boss of British Airways, to undertake a systematic, 12-month review of the country’s rail services. Williams is the deputy [...]
Beleaguered Grayling set to announce major new review of rail services September 16, 2018 The government is set to launch a major review of the UK’s railways this week, following widespread criticism and a series of operational problems. Transport secretary Chris Grayling is expected to appoint Keith Williams, the former boss of British Airways, to undertake a systematic, 12-month review of the country’s rail services. Williams is the deputy [...]
Liberal Democrats announce plans to create UK’s first sovereign wealth fund September 16, 2018 Vince Cable, leader of the Liberal Democrats, has unveiled proposals to create the UK’s first-ever sovereign wealth fund, aiming to build up £100bn through tax reforms and asset sales. The fund would be built up over 10 years, through a combination of wealth taxes and by selling off the taxpayers’ £2.6bn stake in Royal Bank [...]