IoT security: Your smart home device is a cyber security risk waiting to happen September 28, 2018 In the age of Google Home and Amazon Alexa, many modern households are home to one or more smart devices. While these gadgets can help with day-to-day tasks and generally make life easier – it's also opened up the possibilities of cyber attackers breaching vulnerable devices in the home. A new survey from Open-Xchange found that [...]
Power powder Huel gets £20m fuel boost to keep up growth October 4, 2018 Huel, the ‘nutritionally complete’ food that aims to replace a regular diet with an all-in-one powdered meal, has raised £20m in investment to continue its rapid growth. In UK-based Huel’s first external investment since its launch in 2015, tech investor Highland Europe gave the money to power the powder’s international advance. Read more: No-deal Brexit [...]
Zizzi’s Salisbury Novichok attack restaurant doubles customers on re-opening November 12, 2018 The restaurant which was caught in the middle of the Salisbury Novichok poisoning has doubled its customers since re-opening last week. The Salisbury branch of Zizzi was closed after traces of the Novichok nerve agent used to poison Sergei and Yulia Skripal were reported to have been discovered at the Italian restaurant. “The last two [...]
SoftBank Vision Fund to invest £1.69bn in Alphabet competitor GM’s self-driving tech unit, putting the business’ valuation at £8.63bn May 31, 2018 General Motors (GM) has announced today that SoftBank is to invest $2.25bn (£1.69bn) in its self-driving technology unit GM Cruise, with a further $1.1bn to follow from GM after the transaction closes. This is set to result in the SoftBank Vision Fund owning 19.6 per cent equity stake in GM Cruise, with its investment to [...]
Plenty for Just Eat to chew on as it falls out of FTSE 100 to be replaced by engineering firm Spirax-Sarco December 6, 2018 Just Eat shares were down five per cent this morning as the company took stock from being demoted from the FTSE 100 yesterday. The food delivery company, which has come under siege in recent years from competitors Deliveroo and Uber Eats, dropped out of the top tier index as FTSE Russell announced the winners and [...]
JP Morgan boss Jamie Dimon latest to pull out of Saudi investor conference October 15, 2018 JP Morgan boss Jamie Dimon and Ford chairman Bill Ford have pulled out of a Saudi investor conference as political tensions surrounding missing journalist Jamal Khashoggi rumble on. US President Donald Trump said he would immediately send his Secretary of State Mike Pompeo to meet the Saudi King Salman, after the Kingdom denied any knowledgeof Khashoggi's [...]
What will float investors’ boats in 2019? December 6, 2018 This year has been a good period for new listings, although recent volatility has put others off. While the easy days are behind us, sensibly priced issues are still likely to be popular. Data from PwC shows we saw 173 initial public offerings (IPOs) to the end of September, raising over $40bn (£31.4bn) and up [...]
DEBATE: Should London’s Congestion Charge exemption for private hire vehicles be removed? | City A.M. August 2, 2018 Should London’s Congestion Charge exemption for private hire vehicles be removed? Jack May, a columnist for Progress, says YES. London’s air is toxic. Just one month into 2018, London breached the year’s legal air pollution limit. Britain is being taken to the European Court of Justice as a result, and could be landed with a [...]
Credit Suisse fires two London bankers after sexual harassment investigation August 23, 2018 Credit Suisse has fired two City bankers after an investigation into allegations of historic sexual harassment. The bank has fired the senior banker at the centre of the 2010 incident and a second manager who hindered the original investigation. Read more: Uber settles sexual harassment claims for $1.9m The alleged assault took place in 2010 [...]
Richard Branson pulls out of $1bn investment talks with Saudi Arabia over missing journalist October 12, 2018 Virgin's Richard Branson said he had scrapped talks with Saudi Arabia's Public Investment Fund about a $1bn (£755m) investment into its space ventures late last night, in light of the disappearance of a prominent Washington Post journalist. "What has reportedly happened in Turkey around the disappearance of journalist Jamal Khashoggi, if proved true, would clearly change [...]