Shoppers will be encouraged to wear masks inside Westfield shopping centres July 6, 2021 Shoppers at Westfield shopping centres will be encouraged to wear masks even after the legal requirement to do so is dropped. Jactina Rowsell, manager of Westfield shopping centre in White City, said in order to make shoppers and staff feel safe, masks would be encouraged in both London shopping centres. “We’re very aware and [...]
Venture capital is changing and a public listing will help unlock the transformation July 6, 2021 In 2013, I started Forward Partners with a single mission: to give more start-up founders their best shot at success. Since then, we have built a portfolio we are immensely proud of, and packed with ambitious, growing businesses operating in the hottest technology sectors. We have proven our approach to investment works, growing net asset [...]
TfL finances battered by £100m drop in advertising revenue July 5, 2021 Transport for London (TfL) has suffered a record £100m plunge in advertising revenue across its network after Covid restrictions prevented people using its services. The fall in ad revenues is the latest pandemic hit for TfL, which derives the vast majority of its revenue from fares, and has been bailed out to the tune of [...]
FCA begins listing rules consultation in bid to lure more fintechs to IPO in London July 5, 2021 FCA launches listing rules consultation in bid to lure more fintechs to IPO in London
Second-hand market ripens as China’s $3bn platform plots US IPO July 5, 2021 Tencent-backed online second-hand marketplace Beijing Zhuanzhuan Spirit Technology (BZST) is plotting a $400m funding round ahead of an initial public offering, according to reports. BZST, currently valued at $3bn, is trying to gauge interest from private equity and strategic investors, Bloomberg first reported, citing people familiar with the matter. The second-hand retailer is eyeing a [...]
New £350m Barking development to see 1,089 riverside homes built July 5, 2021 Weston Homes is building a £350m riverside development in Barking that will see 1,089 new one, two and three bedroom apartments built in the area. Alongside residential space, the new Abbey Quay development will feature 22,281 square feet of commercial and leisure space, which will include a restaurant, local shops, cafes, a gym and a [...]
Jeff Bezos’s Amazon reign ends today exactly 27 years after he founded the company July 5, 2021 Jeff Bezos’s reign at Amazon ends today, exactly 27 years after he founded the company that changed the landscape of online retail forever. Bezos founded Amazon on this day in 1994 and in that time has seen it transform from an online retailer specialising in selling books into a global profit-churning e-commerce phenomenon. Read more: [...]
Forward Partners announces intention to float in London July 5, 2021 Forward Partners, the London-based venture capital firm, announced on Monday morning that it intends to list in London. The firm said it will seek admission of its shares to trade on AIM, the London Stock Exchange’s junior market. The company expects to raise at least £25m from the share sale. The funds raised will be [...]
Amazon says sorry after telling London fishmonger to drop ‘prime day’ promo July 4, 2021 Amazon has apologised after sending a legal notice to a fishmonger demanding his chain of stores stop advertising “prime day” boat fish. Robin Moxon, who owns four shops and a fish smokery in London, received an email from lawyers acting on behalf of the online retail giant asking for references to “prime day” boat fish [...]
Morrisons accepts £6.3bn takeover bid from SoftBank-backed Fortress July 3, 2021 Morrisons has accepted a £6.3bn takeover bid from a new group of funds led by affiliates of SoftBank-backed Fortress, the firm announced this morning. Morrisons shareholders will receive 254p a share, comprising 252p in cash and a 2p cash dividend. Read more: Top Morrisons investor says CD&R should up its bid to £6.5bn The group is [...]