SoftBank’s Vision Fund leads $250m series D investment into data storage tech firm Cohesity June 11, 2018 Californian data storage firm Cohesity has closed an oversubscribed series D round at $250m (£186.2m), led by SoftBank’s Vision Fund in its second ever enterprise investment after workspace messaging app Slack. The round also saw participation from Cisco Investments, Hewlett Packard Enterprise (HPE), Morgan Stanley Expansion Capital and Sequoia Capital. Cohesity’s chief operating officer and president [...]
These are the 10 best co-working spaces in London June 8, 2018 It's no surprise that London offers a vast amount of co-working spaces. Co-working simply involves the shared use of an office or working environment by independent workers. This type of space can be ideal for freelancers, small enterprises and those just starting out. Studies show employees are more ambitious and productive when surrounded by other [...]
Workspace report solid annual figures June 6, 2018 Workspace revealed a solid set of full-year figures. Profit before tax jumped by 91.9% to £170.4 million, which comfortably exceeded the Reuters consensus estimate of £80.65 million. Net rental income rose by 21% and underlying property valuation ticked up by 5%. The strong performance helped the property company increase its return to shareholders as the [...]
Calls for positive discrimination are patriarchal and patronising May 29, 2018 Social justice warriors are starting to eat themselves. White accusations of cultural appropriation on behalf of cultures more flattered than offended; white gay men excluded from having NUS reps; women’s initiatives criticised for lack of racial diversity; Germaine Greer no-platformed by feminists – and more. It would be funny, if it wasn’t so bewildering in [...]
US fintech investor Motive Partners chooses Canary Wharf as its European base March 21, 2018 US growth investor Motive Partners has chosen Canary Wharf as a home for its new European hub. The firm, which focuses on fintech investments and has already made two deals, said it was “essential” to have a base in London due to its status as a fintech capital. “You can’t claim to be an important [...]
Howard Shore, Shore Capital founder, leads $40m investment in new Israeli co-working business Mixer February 26, 2018 Shared workspace business Mixer has just nabbed $40m (£28.6m) of funding in an investment round led by Howard Shore, the founder of investment group Shore Capital. Mixer, based in Israel, is hoping to expand into Europe and the US and has a new site planned in Berlin. Shore will now become chairman of the business, [...]
Citi picks London for latest fintech innovation hub February 11, 2018 Citigroup has selected London’s tech hub as the next site in its innovation lab network, creating new jobs on the fringes of the City. Headquartered in one of WeWork’s shared workspaces in Moorgate, the London innovation lab will employ 75 technologists from different backgrounds. It is the latest in a string of technology hubs set [...]
Delivering the essentials, every day: In defence of the support services sector – and why not all firms are like Carillion February 6, 2018 Cleaning parliament, securing the perimeter fence at Britain’s atomic weapon’s establishment, feeding the nurses and doctors at the NHS’s busiest hospitals, repairing the telephone masts across our isle. These are all services provided by Mitie. We clean, protect, repair and care for the working and leisure environments that 5m people pass through every day. From [...]
Nick Jones’s Soho House primed for $2bn float on New York Stock Exchange February 4, 2018 Private members' club giant Soho House is plotting a $2bn (£1.4bn) float on the New York stock market. Founded by entrepreneur Nick Jones, the network of clubs, restaurants and workspaces has sites across the world, with recent additions including the City's new hotspot The Ned. The company has now hired bankers from JPMorgan and Goldman [...]
Mitie Group share price drops as it reveals another FRC investigation and announces drop in profit and revenue November 20, 2017 Mitie Group has revealed the accounting watchdog has opened another investigation into the group’s financial statements, as it unveils its first half results. The figures Revenue was up four per cent in the first half of 2017, from £922.6m to £959.7m. Operating profit dropped 38.1 per cent to £14.8m from £23.9m. Basic earnings per share [...]