Banking bazooka? CMA report great for fintech, costly for banks August 9, 2016 The competition watchdog has today handed fintech startups a bazooka for their mission of disrupting banks, with new rules for making data more open to improve customer choice. The so-called big four – HSBC, Lloyds, Barclays and Royal Bank of Scotland – and other smaller high street banks will have to work together to create standards for sharing [...]
11 business podcasts you need to listen to on your summer holiday August 9, 2016 Podcasts are becoming an increasingly popular medium – partly thanks to the success off the likes of Serial, but also because they're one of the easiest ways to take in information. Looking for something to listen to on the beach? Look no further… 1. TedTalks Business A classic but a goodie, Ted has built up [...]
Uber just renewed its feud with London’s regulators August 8, 2016 Uber is turning to its customers to help it fight "bureaucratic" new rules imposed by Transport for London, including an English exam "harder than the test for British citizenship", renewing its feud with regulators in the capital. The billion-dollar company said the rules would "threaten the livelihood of thousands of drivers", reducing their numbers and thus increasing the [...]
City A.M. Unregulated podcast: Property entrepreneur Rob Moore on the joys of being disruptive August 8, 2016 Uber's Travis Kalanick has done it. Amazon's Jeff Bezos did it two decades ago. Tesla's Elon Musk does it on a regular basis. This week property entrepreneur Rob Moore, host of the Disruptive Entrepreneur podcast, takes on the topic of disruption. He tells us the story of his failure and subsequent success – and why despite everything, [...]
This German unicorn tech startup could IPO as soon as next year August 7, 2016 Food delivery startup Delivery Hero could go public as soon as next year, its chief executive has revealed. The German startup, a so-called unicorn valued at more than $1bn, could IPO next year but is in "no hurry" and can wait for the right conditions. "Whether it will happen next year? It is quite possible," said [...]
Deliveroo just raised $275m to fend off Uber August 5, 2016 Deliveroo, the London-based food delivery startup whose bikes are swarming the capital, has just raised another $275m (£209m) in an effort to ward off a growing threat from Uber. The company said the Series E investment round was led by Bridgepoint, existing investor DST Global and General Catalyst, with participation from Greenoaks Capital. The company said [...]
How to cure “always on” staff burnout? Take a leaf out of nineteenth-century Cadbury’s book August 4, 2016 The modern workforce has become accustomed to putting in long hours. Created by years of employment uncertainty, born out of the 2008 financial crisis, and fuelled recently by the great unknown of a looming Brexit, “presenteeism” has become a mainstay of the British employee. Research last week by Concur shows that, thanks to the rise of [...]
Olga Polizzi on creating a suite in Brown’s Hotel inspired by the novels of Rudyard Kipling August 3, 2016 In this summer of botanical wallcoverings and all things tropical, lush and green, one jungle-inspired interior design project in Mayfair is king of the swingers. The sumptuous Kipling Suite at Browns Hotel in Mayfair is where favoured guest Rudyard Kipling stayed and penned, they claim, much of The Jungle Book. And if the best hotel [...]
City A.M.’s Rio 50: These are the 50 most marketable athletes at the Rio 2016 Olympic Games August 3, 2016 Do you thrill to the Mobot? Or tingle when Jess Ennis-Hill ducks for the line? Perhaps it’s Usain Bolt’s signature To Di World celebration, an Andy Murray fist pump, or gymnastics doyenne Simone Biles cheekily winking during a floor routine that brings out the goose-pimples. Everyone has their favourites: those sportsmen and women who we [...]
Just Eat bins Benelux business for millions August 2, 2016 Just Eat has conceded defeat to a rival takeaway business in two European markets – but netting itself millions in the process. The food delivery company, which last week upgraded its earnings guidance for the second time this year, has sold off its business in Belgium and the Netherlands to rival Takeaway.com for €22.5m (£19m). Read more: Just Eat [...]