Fnality International raises massive £77.7m in Series B funding round November 14, 2023 FinTech safety and institutional specialist Fnality has revealed its blockchain Series B funding round has raised a remarkable £77.7m.
UK invests £7.6m in rail innovation competition April 12, 2022 The UK Government announced today it will invest £7.6m in rail innovation competition First of a Kind. A joint venture between the Department for Transport (DfT) innovation agency Innovate UK, the competition aims to find new ways to innovate the railway sector, focusing especially on decarbonisation solutions. This year, First of a Kind will focus [...]
UK banks report more defaults – and it’s likely to get worse April 13, 2023 Banks and building societies have seen an uptick in defaults in both secured and unsecured lending – a trend that is expected to continue over the next three months, according to new data published by the Bank of England today. In the three months to February, UK lenders included in the Bank’s credit conditions [...]
Defence giant BAE Systems to nearly double apprentice hiring spree next year December 19, 2022 BAE Systems, one of the UK’s biggest defence companies, is set to nearly double its hiring spree next year. The FTSE defence firm is planning to hire more than 2,600 graduates and apprentices next year, across cybersecurity, software development, aerospace engineering, accountancy and human resources. Although BAE typically invests around £100m annually in education, skills [...]
Air taxi firm Vertical Aerospace posts loss as company builds latest prototype August 8, 2022 UK electric aviation firm Vertical Aerospace has posted a half-year loss of £39m, up from last year’s £22m, due to its pre-revenue status. Costs increased as the company completed building its aerial taxi prototype which, after a series of ground testing, is expected to begin flying this summer. “I am grateful for the efforts of [...]
JP Morgan’s top bankers told to work five days a week in the office April 12, 2023 JP Morgan has asked its senior bankers in all of its offices around the world to work from the office five days a week in another sign of executives’ growing frustration with homeworking. In a memo to staff seen by City A.M., JP Morgan’s operating committee said that its leaders play “a critical role in [...]
Sizewell C is not enough to meet UK energy ambitions, warns nuclear boss November 28, 2022 The Government needs to approve more projects to boost the role of nuclear power in the UK's energy mix, warned NIA boss Tom Greatrex.
UK housebuilding tumbles into ‘stagnation’ amid reversing economy June 8, 2022 Higher raw material costs and ongoing supply chain disruption clamped down on the UK construction sector last month, according to a closely watched survey released today. Construction businesses cut back on activity amid rapid cost inflation persisting in May making projects unviable. Just over seven in 10 firms said input prices climbed in May, driven [...]
This year we’re dreaming of a Bezos Christmas as Amazon defies a recession November 7, 2023 Amazon has managed to defy the sluggish growth of a recession with its vast offering of products, writes Julian Skelly
Londoners may have to wait 30 years or get a second job to buy a house February 15, 2024 A bleak picture has been painted for prospective buyers in London in 2024, as a number of reports suggest that affordability will remain an issue this year. London has remained the most expensive part of the UK to purchase a home, due to the high demand to live in the capital. Average house prices in [...]