Mayor-backed London venture capital fund has helped create 700 jobs across the capital October 26, 2017 Five years on from when MMC Ventures established its London-focused fund, the venture capital firm has revealed it has pumped more than £100m into businesses and helped create over 700 jobs. The MMC London Fund has invested money into 19 London startups, including short-term retail let marketplace Appear Here, home ingredient delivery service Gousto, and [...]
Why you need to know who Bucherer are October 25, 2017 The Watch Gallery becomes Bucherer. I am delighted to bring our 130 year old brand to London. This city represents heritage like no other, yet at the same time it is at the centre of so many exciting new ideas that spread to the wider world. Jörg G Bucherer, owner and third generation of the [...]
UK house prices: This has been the best October for property price growth since 2014, says Rightmove October 16, 2017 The UK’s house prices have risen by 1.1 per cent in October, the highest month-on-month rise rise for any October since 2014. But that isn’t translating into sales, according to a closely-watched index. The Rightmove house price index, which measures the prices of homes put on the market, said the average property price has risen [...]
BlackRock approaching $6 trillion in assets under management as passive funds boost inflows October 11, 2017 The world’s largest asset manager, New York-based BlackRock, announced it was approaching $6 trillion (£4.54 trillion) in assets under management today as it revealed net inflows in the third quarter hit a massive $96bn. The firm’s assets under management (AUM) grew by 17 per cent year-on-year to $5.98 trillion, smashing analysts’ expectations. A Zacks Investment [...]
Here’s why mass parcel drone deliveries are unlikely to take off in London October 11, 2017 The likes of Google and Amazon may be plugging investment into developing drone deliveries, but the capital isn't likely to be filled with them anytime soon. Not according to the professor of logistics at Kühne Logistics University, anyway. Alan McKinnon says there are a couple of key reasons why urban drone delivery looks set to [...]
Co-working space startup Huckletree raises £4.5m in second fundraising round October 11, 2017 Co-working space startup Huckletree has announced a funding round of £4.5m with investment manager Meyer Bergman. Huckletree joins the London-based real estate investment group's portfolio alongside retail space marketplace Appear Here and app company POQ Commerce. The latest round of investment follows a £2.4m Series A fundraising in 2015, and will support the London based [...]
Leisure sector calls on government to create dedicated hospitality minister September 27, 2017 The UK’s hospitality sector has called for the government to create a dedicated hospitality minister. Kate Nicholls, chief executive of Britain’s Association of Licensed Multiple Retailers (ALMR), made the proposal at the trade body’s autumn conference today. The idea was backed by bosses of some of the UK’s largest food, drink and recreation companies. Read [...]
World Tourism Day 2017: Travel industry backs London as weaker pound powers boom September 27, 2017 Big players in the travel and tourism industry brushed off Brexit fears to herald London as a top destination today, as the sector celebrated World Tourism Day. Dana Dunne, chief executive of eDreams Odigeo, told City A.M. that weaker sterling “has been very attractive”, boosting visitor numbers to the capital. According to eDreams figures, this [...]
Why we bought Provident Financial September 22, 2017 Provident Financial, the Bradford-based sub-prime lender, has gone up in flames in recent weeks from an investment perspective. Profit warnings and high profile departures have left the company untouchable to most, but it remains attractive to value investors Look up the definition of ‘bad news’. In a dictionary these days it would not be surprising [...]
New government hub to create centre of excellence for public services for 2,900 civil servants September 21, 2017 In July this year, the UK Government announced it had selected Edinburgh’s New Waverley as the centrepiece of a new HMRC HQ function, bringing 2,900 civil service jobs into the historic heart of the city’s Old Town. The new development, adjacent to Waverley Railway Station, will deliver grade-A offices to be occupied by civil servants [...]