Shrimps, Farfetch, Lyst, Emilia Wickstead and Roksanda are some of the companies to benefit from growing venture capital interest in the London fashion scene December 15, 2015 London's fashion scene has caught the eye of the venture capitalists. A number of Vogue favourites, from faux-fur designer Shrimps, to catwalk darlings Emilia Wickstead and Roksanda, all received seed or venture level funding in 2015, according to venture capital data provider Beauhurst. Wickstead’s three-year-old business received £1.57m investment in July in return for a [...]
Top regulator Andrew Bailey writes to challenger banks over Basel Committee buy-to-let capital requirement proposals December 15, 2015 A top City regulator has taken new steps to reassure Britain’s challenger banks about capital requirements ahead of a meeting today between bank bosses and Treasury officials. In a letter sent to challenger bank bosses today, Prudential Regulation Authority (PRA) chief executive Andrew Bailey said that smaller lenders should not be overly worried about the [...]
UK broadband battles: Ofcom consultation into BT pricing to close tomorrow December 13, 2015 Get ready for another round of the UK's broadband battles, as industry regulator Ofcom’s consultation into how much BT can charge its rivals for leasing its broadband lines closes tomorrow. After a month-long consultation, part of its Business Connectivity Market Review, Ofcom’s review into BT’s cost attribution methodologies closes tomorrow, leaving the watchdog with a [...]
Geminid meteor shower UK 2015: How, where and when to watch tonight’s spectacle but will cloudy weather cover up the stunning views? December 13, 2015 Star gazers will be treated to a spectacular show tonight, when the spectacle of the Geminid meteor shower appears over the skies of Britain. The annual event is said to be the biggest meteor shower of the year, with as many as 120 meteors filling the sky every single hour at its peak, which just happens to be this evening. [...]
COP21 Climate Conference: Anti-oil movement picks up steam as fossil fuel divestment goes mainstream and oil prices remain stuck at multi-year lows December 11, 2015 Fabulously wealthy, from an empire built on the riches of oil, and one of the most powerful families in America, the Rockefellers' $860m (£567m) charitable fund shocked the world when it announced plans to strip the fund of fossil fuel investments. When the world needed an alternative energy source to costly whale oil, John D Rockefeller founded [...]
Focus On London Bridge: Why house prices are on the rise next to The Shard December 11, 2015 Children in nursery may sing about London Bridge falling down, but in property circles, it’s building up and the sky’s the limit. The area first became a part of London’s fabric due to its famously crumbly bridge, which was built by the Romans and was the first to cross the Thames. It was originally made [...]
Property, Taylor Wimpey and the US dollar: Here are some of the best investments of 2015 December 11, 2015 Investing is always a bit of gamble, creating both winners and losers. So what did this year's winners invest in? There are no prizes for guessing property continued to provide investors with a sizeable return throughout 2015. Demand continued to pull away from supply at a dizzying rate. However, growth in London's Luxury market slowed slightly. Anyone who was lucky [...]
Bubble fears as average London property hits £600,000 with outer boroughs seeing highest rises December 10, 2015 The average price of a London property is now just shy of £600,000, reigniting fears of a bubble and prompting talk of a market correction. The average London house price was £598,173 in October, 5.6 per cent higher than the same month last year, according to figures released today by estate agents Your Move and Reeds [...]
The EU wants customers to be able to access Sky, Netflix and other online subscriptions anywhere in Europe December 9, 2015 The EU wants to create a Digital Single Market. Wait! It's more interesting than it sounds: it means customers will be able to use their online subscriptions such as Netflix, Canal+ and Sky for free anywhere in Europe. The proposal was put forward by the EU's executive body the European Commission today. But, it is likely the scheme will face strong opposition from the media [...]
How business can play its part in defeating poverty – and rebuild the public’s trust too December 8, 2015 A huge amount of study has been undertaken into the causes of poverty, and the routes out of it. Time and again, education comes out as the number one factor that can make the most difference to people’s futures over the longer term. It’s no secret that more children from poorer backgrounds struggle in school, [...]