Italian job: Law firm Fieldfisher agrees merger with Italy’s SASPI June 21, 2016 Fieldfisher has today agreed a merger with Italian law firm Studio Associato Servizi Professionali Integrati (SASPI). The merger, which will take the form of a Swiss verein style association, will take effect at the start of next month and SASPI will be adopting the Fieldfisher brand name. The two firms combined will have around 970 professionals and [...]
The UK is about to become a world leader in artificial intelligence June 20, 2016 With the news that Magic Pony has been acquired by Twitter, we are witnessing a crucial turning point – five of the world’s biggest technology companies have now purchased UK-based Artificial Intelligence (AI) companies. See Magic Pony Technology and Twitter, SwiftKey and Microsoft, VocalIQ and Apple, DeepMind and Google, and Evi and Amazon. Over the coming days [...]
Apple shares could be about to fall further. Here’s why June 20, 2016 Apple's stock could be about to fall further and its market capitalisation shrink by more than the $200bn it already has this year. The annual reshuffle of the Russell Index is due to take place on Friday and Apple's movement means a bit of a change. The tech firm's weighting is expected to be 27 per cent smaller [...]
Team LMAX Exchange hits the Big Apple to sail with with overseas clients in Clipper Round the World Race June 20, 2016 Forex firm LMAX Exchange has an unusual approach to meeting foreign clients. The weather may be dire in the City this week, but the lucky skippers from LMAX Exchange have escaped the rain and conducted their business in New York in the final stages of the Clipper Round the World Race. Folks at LMAX invited a select group [...]
UberEats has arrived in London June 16, 2016 Not only is Uber disrupting the way we travel, it's eyeing up the way we eat too. Now Londoners will be able to get food delivered from top restaurants straight to their door via an app in exactly the same way they now order a car. The separate UberEats app will let users order from a [...]
Uber’s Apple-backed rival Didi Chuxing just raised billions June 16, 2016 The taxi wars are hotting up. A day after reports of Uber raising a further $2bn (£1.4bn) to add to its already rather large cash pile, its rival in China has announced another $7bn in new funding that puts it squarely on the tail of the US startup when it comes to being the most well-funded private startup [...]
Uber’s hungry for even more cash with plans for $2bn leveraged loan June 15, 2016 Thought the most highly valued private tech company in the world had enough money to throw around? Apparently, it doesn't. Uber is rounding up another $2bn (£1.4bn) to its already pretty huge cash mountain in its bid for world domination, but this time it's tapping the cash via a leveraged loan. Read more: Apple's favourite Chinese Uber rival [...]
The City of London will prosper in or out of the European Union June 15, 2016 A friend tells me why he is voting Remain. “My wife works for a French bank and they would pull out of London if we left the EU.” That’s fair enough. Assuming the French bank set up in London to access the EU, then it’s logical to assume it would leave after Brexit. But a [...]
Working Lunch review: Absurd Bird in Spitalfields brings the unfussy grub of the Southern States to the East End June 14, 2016 Absurd Bird 54 Commercial Street, E1 What? A gourmet fried chicken restaurant bringing the taste of the Southern States to the East End. As you’d expect, the menu is packed with poultry in all its forms – grilled, fried, even a whole smoked chicken – and there’s a “wing shack” out front for takeaway. A [...]
Five implications for the app economy after Apple’s WWDC June 14, 2016 Monday's World Wide Developer Conference (WWDC) found Apple announcing a raft of updates set to overhaul the entire app economy. From MacOS and Apple Watch to iMessages, the changes Apple is planning opens up an entire new world for developers. The question is though, what do these changes mean for the app economy as a [...]