Exclusive: Electric vehicle fundraiser looks to put some spark into raise efforts February 28, 2022 Electric vehicle (EV) finance business WeFlex has brought in EY to drive its £60m funding effort. A mixture of debt and equity, the funding will be used to help hailing driving companies such as Uber to switch to EV, providing insurance, vehicle servicing and PCO licensing. WeFlex has already raised £2m in equity from investors [...]
Caffè Nero sales almost hitting pre-Covid levels despite Omicron dent February 22, 2022 Coffee chain Caffè Nero has said its sales have returned to more than 90 per cent of pre-Covid levels. The firm reported trading for its half-year to November 2021, as well as annual results for the financial year ended May 2021. While the mergence of the Omicron Covid variant saw office workers working from home, [...]
Crypto Exchanges compete in Super Bowl Debut as JPMorgan Enters Metaverse February 21, 2022 The price of Bitcoin dropped this week amid fears a Russian invasion in Ukraine could spark large-scale military conflict.
Transport network faces severe disruption as Storm Eunice hits London February 18, 2022 From the early hours of this morning Storm Eunice has hit the UK, bringing with it winds of up to 100mph and causing disruption all over the country. Following yesterday’s warning, the Met Office raised another red alert today, adding the South East and London. “These are rare, we only issue them when there is [...]
New York firm offers new lawyers unprecedented $235,000 salaries – $20,000 more than closest rivals February 17, 2022 Brewer, Attorneys & Counselors is set to pay its newly qualified lawyers an unprecedented $235,000 (~£172,500) a year, in offering $20,000 more than rival US firms. The firm’s decision to up pay for its first-year associates to $235,000 a year comes after New York firm Milbank sparked a fresh bidding war in January, after raising [...]
Bitcoin continues good run as stock markets pick up February 16, 2022 The crypto markets look stable again this morning, with Bitcoin continuing to hold above $44k and Ethereum above $3,100.
Just Eat chief says Nasdaq departure doesn’t spell Grubhub sale February 13, 2022 Just Eat chief Jitse Groen has said that the firm’s decision to de-list from the Nasdaq should not be taken as an indication of plans to sell its Grubhub subsidiary. The firm first launched in US markets in June last year as it snapped up US delivery firm Grubhub for $7.3bn, but said it would [...]
Uber CEO: We are absolutely going to accept cryptocurrency payments February 12, 2022 Uber boss Dara Khosrowshahi has revealed the global brand is actively looking at cryptocurrency transactions.
Mental health in the Square Mile has transformed; it must do in the NHS too February 11, 2022 I began my career in the cut throat City in 1982. It was an era when the environment was uber macho, almost completely male dominated with an incredibly aggressive culture. It was accepted that this was how you needed to be if you wanted to get on. The atmosphere of no holds barred determination to [...]
Uber shares jump after food delivery service reports profits for first time February 10, 2022 Uber shares last night jumped more than 6 per cent in post-market trading after its food delivery service, Uber Eats, reported its first profit ever. In the fourth quarter of 2021, Uber Eats reported a $25m EBITDA profit, while Uber’s revenue grew 83 per cent to $5.8bn, beating analysts’ forecast of $5.36bn. The group’s mobility [...]