Window shoppers flock back to Central London as footfall jumps on lockdown fatigue February 8, 2021 Window shoppers flock back to Central London as footfall jumps on lockdown fatigue
Dating app Bumble boosts size of its IPO offering February 8, 2021 Bumble has boosted the size of its IPO by nearly $2bn bringing its valuation to more than $7bn when it goes public. The dating app, which competes with rivals such as Tinder and Hinge, announced it was looking to raise as much as $1.8bn in its stock market debut. It plans to boost its share [...]
Exclusive: Capital raising startup HUBX completes $5.5m fundraising February 8, 2021 Private capital raising platform HUBX has completed a $5.5m (£4.2m) fundraising round after a surge in demand during the pandemic. Founded in 2015 the London-based B2B platform claims to democratise capital raising by using automation and data to help organisations execute its transactions faster. The platform works with startups as well as more established sell-side [...]
Cornish Metals raises £8m as Poldark spirit takes hold of investors February 8, 2021 A Canadian mining firm aiming to restore Cornwall’s fortunes as a mining hotspot has beaten expectations with a £8m raise this morning. Cornish Metals, which is due to list on London’s AIM market in the coming weeks, had hoped to raise £5m through a placing. However, investors piled into the project, which is seeking to [...]
London is a leader in green finance but we must strive for more February 8, 2021 The pandemic has propelled our global community towards a major crossroads in 2021, and we arrive knowing that the direction we choose will prove critical for the future of our societies and our planet. It has accelerated systemic changes in the global economy and demonstrated the absolute need for international collaboration across governments and institutions [...]
Franco Manca owner The Fulham Shore in talks over restaurant expansion February 8, 2021 Franco Manca owner The Fulham Shore said it is in negotiations for many sites across the UK as it gets ready to restart its expansion plans as soon as lockdown restrictions are lifted. The firm has been able to secure discounts on new sites, with the coronavirus pandemic enabling it to acquire new restaurants at [...]
Ether futures set for Chicago Mercantile Exchange launch today February 8, 2021 Crypto at a Glance Happy Monday! And what a happy Monday it is. Bitcoin is back paddling in the warm waters around the $40k level and just closed the week at its highest price in history, Ether’s (ETH) bull run continues apace with prices soaring past $1,700 to new all-time highs, and Cardano (ADA) just [...]
Social media’s failings have made regulation almost inevitable February 8, 2021 The GameStop saga has thrown light, once again, on the power of social media. Having dramatically increased the stock price of a loss-making video game retailer, the two-million strong subreddit r/WallStreetBets has shown that with enough will, a single group can take on even the powerful world of hedge funds–and make itself some money in [...]
Drax invests £226m in biomass power ahead of coal plant closure February 8, 2021 British power company Drax will buy major Canadian biomass fuel producer Pinnacle for £226m, as it prepares for the closure of its coal power stations next year. Once the biggest polluter in the UK, the firm will cease burning coal at its two North Yorkshire units in March this year and will eventually close the [...]
Slow vaccine rollouts cause eurozone investor morale to slip February 8, 2021 Investor morale in the eurozone unexpectedly dropped in February as lockdowns left their mark on the economy, a survey showed on Monday. Attempts to suppress Covid-19 left the eurozone trailing behind other regions in the world, as countries such as the USA showed a strong recovery. Sentix, who surveyed more than 1,250 investors, said that [...]
