NFT platform Sorare under investigation by UK gambling commission October 12, 2021 Sorare, a platform where users buy and trade NFT football cards to build a fantasy team, is under investigation by the UK’s Gambling Commission. In a statement the Commission said that “any activity completed on the site by consumers in Great Britain is outside of the gambling regulations that a licensed operator should comply with.” [...]
London IPO activity smashes new records as it already outpaced whole of 2020 October 6, 2021 London has retained its dominance as the most attractive European IPO venue by funds raised in the third quarter, continuing the deal momentum witnessed in the previous two quarters and reaching new record highs. Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the last two [...]
FTSE 100 climbs as London markets shake off inflation fears September 29, 2021 London’s FTSE 100 jumped during opening exchanges today driven by investors in the capital shaking off inflation concerns that rattled global markets yesterday. The capital’s premier index added 0.74 per cent to reach 7,079.97 points in the first hour of trading today. Global markets sold off yesterday as investors rejigged their portfolios in preparation for [...]
London Tech Week: Russ Shaw looks back at a spectacular week September 28, 2021 London Tech Week – the showcase of all things innovative – happened last week and Tech London Advocates and Global Tech Advocates boss Russ Shaw CBE is back writing us reflecting on the jamboree. Here’s he looks back on the week that was. What a week it has been! London Tech Week saw a new [...]
Lynch extradition trial set for decision by Home Secretary this week September 28, 2021 MIKE Lynch’s battle to fight extradition to the US on fraud charges could come to an end this week, with the Home Secretary due to rule on his case tomorrow. Priti Patel had been expected to opine last week but her decision was delayed by seven days.It marks the latest twist and turn in what [...]
Mike Lynch extradition decision will be watched by tech entrepreneurs the world over September 28, 2021 The coming days will define whether British entrepreneurs are subject to British law, or the whims of American prosecutors. The consequences could be felt for years and have a direct impact on the likelihood of homegrown tech giants being created here in the UK. Last week the Home Office decided to delay the extradition to [...]
Markets: FTSE 100 lifted by Rolls Royce and oil price surge – CityAM : CityAM September 27, 2021 The capital’s premiere FTSE index has been lifted by 0.3 per cent this morning, reaching a high of 7,122.09 points, after oil prices soared. Rolls Royce Holdings led gains climbing by 6.91 per cent after winning a contract from the US Air Force. Brent crude was trading at close to $79 a barrel, helping shares [...]
FTSE 100 dips as investors mull BoE’s hawkish tilt September 24, 2021 London’s FTSE 100 dipped during afternoon exchanges today driven by investors fearing the Bank of England’s hawkish tilt could be a looming headwind for markets. The capital’s premier index dropped 0.22 per cent to 7,062.47 points heading into the final session of the week. Retail and property stocks led the blue-chip index lower today. The [...]
Russ Shaw’s Tech Week Diary: When the chips are down September 23, 2021 London Tech Week – the showcase of all things innovative – is back. Each day this week, Tech London Advocates and Global Tech Advocates boss Russ Shaw CBE will write for us reflecting on the jamboree. Here’s day three. During Day 3 of London Tech Week, we heard from experts at the centre of an [...]
Startup city: Square Mile investors make London the top place after Silicon Valley for tech firms September 22, 2021 London is second only to Silicon Valley for the best place for startups to thrive, according to a definitive ranking of the world’s major tech and business hubs. The capital tied with New York in second place to the Californian area synonymous with billion-dollar valuations and tech bros – and far ahead of the next [...]