Getting a better deal for the consumer? That’s music to my ears June 27, 2019 It’s hard to recall now how long we’ve been hearing that the music industry is changing: in flux, in transition, in crisis, most recently in the development of reliable music streaming; like any other industry, the music business is always on the lookout for the next big thing, the opportunity to get in at the [...]
FTSE 100 and Wall Street gain on signs of economic recovery June 23, 2020 The FTSE 100 closed up and Wall Street posted strong gains on Tuesday afternoon after new economic data signalled that business activity across the US, UK and the Eurozone was recovering faster than expected. Having risen steadily throughout the morning, the FTSE 100 pushed ahead in afternoon trading today as traders welcomed the most significant [...]
Huw Pill’s “let them eat cake” moment could get its just desserts with a slice of Bitcoin April 28, 2023 Jason Deane rounds up the week with a doff of the cap to Marie-Antoinette for a comparison with the Bank of England's Huw Pill.
Food for thought: How Tastecard is helping the restaurant sector November 25, 2019 The restaurant sector is in a crisis. A combination of rising rents, food prices and wage costs, plus a decline in consumer spending, is causing more businesses to close. Research published in September exposed the scale of the problem. According to accountancy firm UHY Hacker Young, the number of restaurants closing in the year to [...]
Rightmove faces FTSE 100 eviction as engineering firms climb, say analysts August 29, 2018 Online estate agent Rightmove is the top contender to drop from the FTSE 100 during its reshuffle next week, analysts have predicted. A weak housing market in London and the south-east, and tough competition for rivals such as Zoopla and PurpleBricks could see the company dropped into the FTSE 250, despite year-on-year growth in revenue [...]
Payment startup Thunes closes $10m Series A funding round May 6, 2019 Emerging economies payment start-up Thunes has completed a $10m (£7.64m) Series A funding round led by Alibaba and Airbnb investor GGV Capital. The funding will be used to expand Singapore-headquartered Thunes across Africa, Asia and Latin America. Read more: Buy now, pay later, budget better – Laybuy is shaking up the retail sector Thunes will also add [...]
Five fintech firms scoop combined £25m from RBS competition fund June 14, 2019 Five fintech firms have been awarded a combined £25m from an RBS competition fund designed to boost business banking competition. Codat, Fluidly, Form3, Funding Options and Swoop Finance were all given £5m in Pool D of the £775m fund, where the focus shifted to the commercialisation of fintech. Read more: Metro, Starling and Clearbank win [...]
Woodford Equity Income investors may not get money back for a year October 15, 2019 When administrator Link announced this morning that Neil Woodford’s flagship Equity Income Fund would be closed down, the firm said this would mean investors could have their cash returned to them “more quickly than if the Fund had remained suspended”. But now industry professionals are warning that investors may not receive their money for over [...]
Moving markets: What’s shaping the FTSE 100 today January 12, 2024 Asian shares exhibit mixed performance, with oil surging due to US-UK Yemen strikes, gold shining amidst growing safe-haven appeal, and attention shifting towards upcoming UK factory and GDP data.
Coronavirus: How is business in Italy coping with the crisis? March 15, 2020 Milan. City of the Sforzas, La Scala, Internazionale, Giorgio Armani and Dario Fo. The Lombard capital is also the beating heart of the Italian economy; home to the stock exchange; Italian business success stories such as Unicredit, Versace and Pirelli; and outposts of overseas financial institutions, multinationals, law firms and consultancy giants. Sadly, Milan is [...]