Ocado and Marks & Spencer see shares rise on reports of food delivery partnership January 28, 2019 Shares in Marks & Spencer and Ocado were up this morning following reports the firms are in talks over a possible food delivery partnership. Ocado and Marks & Spencer saw their shares rise five per cent and one per cent respectively in early trading after it emerged the retailer could sign a deal to use [...]
London startups take the lead in Tech Nation’s fourth Upscale accelerator January 25, 2019 City startups have landed more than two thirds of the places available on Tech Nation’s fourth Upscale acceleration programme, beating out over 100 applicants. The digital entrepreneur network, which also runs a fintech accelerator backed by the Treasury, has selected 30 startups as “ones to watch” in 2019. The fast-growing tech firms will enter the programme’s [...]
There’s a lesson from Dyson’s Singapore move, but it has nothing to do with Brexit January 25, 2019 There’s no question that Dyson’s move from Wiltshire to Singapore will be a loss to Britain. The company boasts profits in excess of £1bn, employs 4,000 in its Malmesbury offices alone, and is one of the UK’s major business success stories. But that doesn’t justify the political backlash we’ve seen. In true polarising fashion, owner Sir [...]
The world’s richest football clubs 2019: Real Madrid replace Manchester United at top of Deloitte Football Money League January 23, 2019 Manchester United have lost their status as the world’s richest club after Real Madrid replaced them at the top of Deloitte’s Football Money League. The Spanish giants ended United’s two-year domination of the annual list by generating revenue of €751m (£665m) last season – an all-time record for any football club. Read more: Spurs vs [...]
Tottenham overtake Juventus and close in on Arsenal in Deloitte Football Money League January 23, 2019 Tottenham’s emergence as one of Europe’s growing powers is paying dividends off the field, with the club now placed among the top 10 richest football clubs in the world. Spurs overtook Italian giants Juventus to take 10th place in Deloitte’s Football Money League 2019, as revenue leapt to €428.3m (£379.4m) last season from €359.5m in [...]
West End landlord Great Portland reports robust leasing amid growth in tenant demand January 23, 2019 Fresh signs of strength in London’s leasing market emerged today, as listed property giant Great Portland Estates (GPE) posted rising rental values and low vacancy levels amid continued demand for office space in the capital. The West End landlord signed 16 new lettings totalling than 50,000 square feet in the quarter to the end of [...]
Robinhood rival Freetrade moves into US stocks as transatlantic retail investing battle hots up January 22, 2019 London fintech startup Freetrade has today launched US stock trading on its app, in the midst of growing rivalry in the commission-free trading space. The app, which offers users the ability to invest in stocks and exchange-traded funds (ETFs) directly without paying commission, said it will start with a curated list of 120 US stocks, including the likes [...]
London commuters spend £153 a week shopping – here’s what they spend it on January 21, 2019 Commuter spending sprees contribute £22.8bn to the UK economy every year, with London commuters splashing out almost twice the national average, according to new data. Commuters in the capital fork out on average £153 a week while on the move, nearly double the UK average of £89, research by the Centre for Business and Economics [...]
Monica Vinader-backer Beringea leads £6.5m round for data startup Exonar January 21, 2019 London-based venture capital firm Beringea has led a £6.5m funding round into UK data privacy and cybersecurity startup Exonar. The round was completed by Beringea alongside Downing Ventures, and existing investors Amadeus Capital Partners and Winton Ventures. Exonar aims to help firms comply with the EU’s General Data Protection Regulation and other legislation by creating an overview [...]
Hacking Wall Street: Are tech unicorns about to disrupt stock market flotations? January 21, 2019 Tech companies have changed the way we chat, bank, travel and date. Are they about to disrupt capital markets too? “In [Silicon] Valley there’s always been that mentality: how do we hack Wall Street?” says Rob Kniaz, a founder of tech-focused venture capital firm Hoxton Ventures. Two weeks ago reports broke that Slack, the workplace [...]