Danish billionaire to anchor £2bn float of p2p lender Funding Circle September 2, 2018 Billionaire Anders Povlsen – a stakeholder in fashion retailer Asos and City broken Numis – has agreed to anchor an up to £2bn floatation of the peer-to-peer lender Funding Circle. The Danish tycoon has agreed to buy a minimum 10 per cent of shareholding into Funding Circle during its floatation this autumn, when it plays [...]
Billionaire Anders Povlsen to back p2p lender Funding Circle IPO September 1, 2018 One of Britain's biggest landowners is set to buy a shareholding in peer-to-peer lending platform Funding Circle when it floats this Autumn. Danish billionaire Anders Povlsen who also owns stakes in fashion retailers ASOS and Zalando, will buy at least 10 per cent of the company up to a value of £1.65bn, Sky News reported. Read more: The [...]
Coinbase announces a new deal to let you pay for your Uber with crypto | City A.M. July 25, 2018 Coinbase has today revealed a new partnership that will allow you to pay for physical goods and services from your favourite retailers with cryptocurrencies. The deal, which will be powered by WeGift, enables Coinbase users to buy an electronic gift card, load it with cryptocurrency from their Coinbase wallet and then use them at over [...]
Last Week in the City: Markets Trumped by trade fears June 22, 2018 The week was dominated by trade war fears as Donald Trump said he would slap further tariffs on Chinese goods should there be any retaliatory measures. Despite this, Nasdaq hit a record high, although the Dow Jones Industrial Average erased all its gains in 2018 so far. The FTSE 100 fell 0.5% over the week [...]
Why Debenhams has had three profit warnings in a year and could Mike Ashley help? June 20, 2018 City grandee Crispin Odey, whose hedge fund holds a short position in Debenhams, said last year that the retailer was in a race with House of Fraser “as to who will go down first”. While House of Fraser’s fate will be sealed at its CVA on Friday, Debenhams’ future looks dark, with the embattled department [...]
Struggling House of Fraser’s brand perception is in decline June 13, 2018 Last week, retail store House of Fraser announced plans to close 31 of its 59 shops – including its flagship Oxford Street store – as part of a ‘rescue deal’. If the plans go ahead it could lead to the loss of 6,000 jobs across the UK. It is yet more bad news for the [...]
Donald Trump says the US will only rejoin the Trans Pacific Partnership (TPP) if terms are “substantially better” April 13, 2018 Donald Trump late last night said he will only rejoin the Trans Pacific Partnership (TPP) if it offered “substantially better” terms than those offered to former President Barack Obama. Trump ditched the TPP, a multinational trade pact between 11 members, including Australia, Japan, Canada and Mexico, as one of his first acts as US President. [...]
Wah Nails founder Sharmadean Reid grabs $1m from Saul Klein’s Localglobe for new beauty networking app Beautystack April 9, 2018 The founder of London salon chain Wah Nails has proved she means business with her latest beauty venture, grabbing almost $1m of funding from Saul Klein’s Localglobe and angel investors. Wah’s Sharmadean Reid plans to use the funding to develop and launch the app of Beautystack, a new platform which acts as a beauty appointment [...]
These are the UK’s most sought after companies to work for, as revealed by LinkedIn March 21, 2018 There has been a significant rise in the number of banks and finance firms in the top 20 most sought after companies to work for in the UK, according to a new ranking out today from LinkedIn. The list is compiled through looking at the actions taken by LinkedIn’s 25m UK members, considering data such [...]
Brands are better positioned than ever to create a better future February 26, 2018 The theme of this year’s Mobile World Congress is creating better futures. Startup and breakthrough brands such as those showcasing at MWC and its sister platform 4YFN are widely heralded as a force for good that will be instrumental in the creation of a better future for all of us. But it’s not just new [...]