ProCook London IPO set to stir a near £160m valuation November 10, 2021 ProCook’s upcoming London initial public offering (IPO) is set to secure the gourmet kitchen retailer a nearly £160m valuation. The retailer will offer shares for 145p a piece, which will rally the £158m valuation. “We have been thrilled with the level of interest and support from a range of institutional and retail investors,” CEO and [...]
City Moves: Who’s switching jobs in the Square Mile today? November 10, 2021 Deloitte Deloitte has posted a new partner to its financial advisory practice, who is set to head real estate mergers and acquisitions (M&A) for the sector. Bringing 17 years experience in M&A and principal investments to the position, Abhishek Jaiswal joins the Big Four firm from Bank of America where he was a lead real [...]
UK data on emissions must be improved to meet net zero target, says IT industry leads November 10, 2021 Data on emissions must be improved to meet the UK’s net zero target, the IT industry has urged. More than 70 per cent of technology experts lack confidence that key policymakers and departments have access to the right data, a survey by BCS, the Chartered Institute for IT has revealed. The data needs to be [...]
Telecoms watchdog set to protect some 700 of London’s iconic red phone boxes November 9, 2021 Ofcom is set to protect some 5,000 of the UK’s iconic telephone boxes from closure, which could extend to more than 700 in London. The telecoms regulator will ensure that payphones in locations not covered by all four mobile networks, located at an accident or suicide hotspot, has had more than 52 calls made from it over the last year and whether exceptional circumstances mean [...]
More commuter madness: Tube drivers vote overwhelmingly in favour of strike November 9, 2021 Tube drivers overwhelmingly voted in favour of a strike yesterday, which could see commuters face further disruptions after Transport for London’s (TfL) controversial announcement regarding the Northern Line on Friday. London Underground drivers, part of the ASLEF union, are set to strike to protect working their conditions and pensions. “Tube train drivers will go on [...]
Space: Reversing net zero progress or climate saving grace? November 9, 2021 The new space age, dubbed Space 2.0, could unleash a raft of climate benefits, such as real-time modelling – but the carbon-dense sector has environmental advocates nervous. Prince William has criticised the second revival of the space race and emerging space tourism which billionaire’s Richard Branson, Elon Musk and Jeff Bezos have been gunning for [...]
Billionaire entrepreneurs like Bezos and Musk are changing the economics of space November 9, 2021 Billionaire entrepreneurs using their wealth to launch successful space companies has made the sector far more accessible to smaller start-ups. The reliability of the space launches from the likes of Richard Branson, Jeff Bezos and Elon Musk, due in part to their vast financial backing, has dragged down insurance prices for smaller firms in the [...]
World to miss 1.5C climate target despite COP26 pledges, says trade secretary November 8, 2021 The world is on course to miss its target of limiting global warming to 1.5C, despite the pledges made at COP26, trade secretary Anne-Marie Trevelyan said today. Instead, it is expected that the climate will be limited to 1.8C, independent analysis has revealed. Over the last week, world leaders have committed to strings of pledges [...]
China’s Gopher Investments muscles in on London-listed Playtech takeover November 8, 2021 Gopher Investments, the second-largest shareholder in online gaming and sports betting platform Playtech, has opened talks about a possible takeover. The move follows Playtech giving the green light to gaming technology firm Aristocrat for some 680p per share – or £2.7bn on an enterprise value basis. The discussions are still in their early stages but [...]
NHS to receive £250m in bid for more diagnostics tech as patient backlogs grow November 8, 2021 The National Health Service (NHS) is set to receive a £248m injection in a bid to modernise its diagnostics as pandemic-induced patient backlogs grow. The government funds, which will be invested over the next year, will see NHS labs to share patient results, tests and scans quicker between different hospitals and doctors, cutting the time [...]