Exercise startup Peloton narrows losses November 5, 2019 Fitness startup Peloton narrowed its losses in its first quarter despite pushing forward with expansion plans and investment in its online platform. The company posted a loss of $49.8m (£38.71m) in the three months to 30 September, reducing the figure by $4.8m on the previous year as the firm continued to target international growth. Read [...]
Does WeWork spell the end of the unicorns? November 4, 2019 WeWork has undergone a dramatic fall from grace recently. Just two months ago the office rental start-up was expecting to offer shares to the public at a total business valuation of $47 billion. This soon halved and then investors rapidly pulled their support for an initial public offering (IPO) above $12 billion. The IPO was [...]
Peloton shares sink on second day of trading September 27, 2019 Shares in fitness start-up Peloton sank a further four per cent today after making a disappointing stock market debut yesterday. Peloton shares were initially priced at $29 when the company listed in New York yesterday morning, but closed more than 11 per cent down at $25.75. Read more: Peloton prices float at $29 per share [...]
Peloton IPO: At-home exercise firm prices float at $29 per share September 26, 2019 Exercise bike firm Peloton has priced its initial public offering (IPO) at $29 per share to value the company at $8bn (£6.47bn). Peloton priced its float at the top of its $26 to $29 range last night as it looks to raise $1.16bn. Read more: Why Wework’s IPO strategy is not working for investors The [...]
Reality is finally catching up with overblown Silicon Valley rhetoric September 26, 2019 Rhetoric, the art of persuasion, was the backbone of a classical education. Today the term is more often pejorative: rhetoric is found wherever reality isn’t. No fantasy, however, can be long sustained. If rhetoric is to deliver its original purpose and persuade, it cannot escape reality for long. So Silicon Valley is discovering. For over [...]
BP’s invested in electric car charging startup FreeWire January 30, 2018 BP is turning to a tech startup, making an investment in the maker of mobile charging points for electric cars. The oil major is putting $5m (£3.5m) into FreeWire, a three-year-old San-Francicsco tech company, as part of a series A funding round with other investors via its corporate venture arm. Read more: Daimler has invested [...]
New homes: The new properties going on sale this weekend in White City, Upton Park, Putney, Chelsea and St James February 24, 2017 Television Centre, White City From £750,000 New homes are going on sale tomorrow at the iconic former home of the BBC in west London. One to three bedroom apartments will go on the market, all with balconies overlooking Hammersmith Park’s Japanese ornamental garden, which was created in 1910 as part of the Japan-Britain exhibition. They [...]
Cycling firm Velusso offers premium biking trips in the Balearics. We geared up to take them for a spin January 20, 2017 Cycling holiday firm Velusso has grand designs on satisfying the needs of City cycling enthusiasts. Its aim: to combine a luxurious break with a darn good workout while providing snippets of what it’s like to be a member of the Olympic cycling team. The post-London Olympic cycling boom led to increasing numbers of cycling holiday [...]
Chris Froome vows to come out fighting in bid to turn the tide in remaining Vuelta a Espana stages September 5, 2016 Britain's Chris Froome has vowed to continue fighting for his maiden Vuelta a Espana crown despite trailing race leader Nairo Quintana by more than three minutes after stage 16. Team Sky’s Froome finished alongside Quintana in the peloton as Luxembourg’s Jean-Pierre Drucker out-sprinted Rudiger Selig of Germany to win the 156.4km stage from Alcaniz to [...]
Simon Yates darts to stage win as Chris Froome stays in the hunt for a Vuelta-Tour de France double August 25, 2016 Britain's Simon Yates savoured an opportunistic victory after he won his first grand tour stage yesterday at the Vuelta a Espana. Compatriot Chris Froome remains third in the overall standings, 32 seconds behind Colombian leader Darwin Atapuma, after he finished safely in the peloton. Yates, who rides for the Orica-BikeExchange team alongside twin brother Adam, attacked [...]