Bill-paying app Velocity raises $12m in venture funding June 28, 2015 A smartphone app which lets diners pay for their meal and drinks without requesting the bill has raised $12m (£7.6m) in one of the largest first funding rounds for a tech business in the UK. Velocity, which was founded by two childhood friends in March 2014, has already signed 300 high end restaurants to [...]
In pictures: The last of the BBC’s landmark satellite dishes has been taken down at the former Television Centre in White City June 26, 2015 The last of the 20 iconic satellite dishes at the BBC's former Television Centre in White City has been taken down as part of the site's redevelopment. Read more: BBC sells White City site for £87m to Stanhope and Japanese firm Mitsui Fudosan The dishes, which became a West London landmark for decades, were [...]
As the first homes go on sale in Canary Wharf: Is this the death of the commute? June 25, 2015 Since its inception in the 1980s, Canary Wharf has come to epitomise modern business. But until this week, no one could live there. The Canary Wharf Group, the development company responsible for the entire estate, has unveiled its first show home this week – and City A.M. has exclusive pictures of what’s inside. So whether [...]
Limassol hopes for yachts of cash with its revamped marina June 25, 2015 Luxury superyachts and Cyprus are not two words you would normally associate with each other in the Mediterranean’s troubled economic climate. And yet there are remarkable signs of returning prosperity to Cyprus, most obviously at Limassol Marina on the south coast of the island, which opened last year. It’s the first superyacht marina in [...]
Focus on Wimbledon property: A game of two halves in SW19 June 25, 2015 The world’s eyes will make their annual pilgrimage to Wimbledon on Monday, where they’ll spend several hours swivelling backwards and forwards watching the greatest tennis tournament on earth. While this leafy corner of south west London is primarily known for racquet sports, the rest of the year it’s one of the fastest-growing local property markets [...]
At your service: Meet the concierges who run the lives of London’s elite homeowners June 25, 2015 The humble bowler-hatted doorman was once a tell-tale sign of a prestigious London address. But he’s quickly being replaced by a tenacious new breed of concierge. The industry travels with the global super-rich, arriving at whichever city blossoms into the darling of the international property market. Multilingual, persistent and well-connected, London’s hard-working concierges are on [...]
Greek bailout talks go down to the wire June 24, 2015 HOPES OF a breakthrough between Greece and its creditors were dashed last night after a vital meeting of Eurozone finance ministers broke down after less than an hour. Greek Prime Minister Alexis Tsipras and the country’s lenders had been locked in frantic negotiations ahead of the meeting to produce a draft proposal for ministers but [...]
Restaurant review: Craft London is a real diamond in the rough June 23, 2015 Greenwich Peninsular is getting the regeneration treatment. Right now it’s a sad, grey expanse consisting of a few warehouses and a giant circus tent where you can watch the Foo Fighters. But in five years… It’s going to blow your mind. The brochure says it’s going to be full of flats and a theatre and [...]
M restaurants to serve up second site June 22, 2015 M restaurants is to open a second venue half a year ahead of schedule, the firm said yesterday, after a strong first six months. In the first three months of 2015 the M Threadneedle Street venue enjoyed results 24.8 per cent above its earnings before interest, tax, depreciation and amortization budget.
The future of the Top Gear brand lies in its content not the presenters June 19, 2015 Even after the removal of Jeremy Clarkson, it was obvious that the BBC were not going to let go of the Top Gear brand altogether. Not only is it one of the most-watched programmes in the world, with an estimated global audience of more than 350m, it is the corporation’s most lucrative money spinner [...]