HS2 review panel considers axing eastern extension October 5, 2019 The High Speed 2 rail project could be scaled back in northern England to cut costs. Under plans drawn up by the panel reviewing the project, the route beyond the East Midlands to Leeds and Sheffield would be axed. Train speeds would also be cut by 40mph, in a bid to save more than £10bn, [...]
Banking challenger Monese tops 1m customers May 3, 2019 British banking startup Monese has surpassed the 1m customer milestone, as user growth tripled in the last year alone. The banking app, which counts Monzo, Revolut and Starling Bank among its rivals, said over 3,000 people are now joining Monese every day across its dual UK and European current accounts. Read more: Fintech startup Monese crashes [...]
The City View: January 19: Inflation and B-Corps January 19, 2022 Today Andy Silvester is joined by Kin + Carta CEO J Schwan, and by Jack Barnett to discuss today’s news on inflation and future rate rises by the Bank of England. Andy also goes through the headlines, which include GSK’s rebuttal of a £50bn Unilever merger, corporate results, and today’s political news as Boris Johnson [...]
MPs wait on influencer pay review following concerns about gaps May 30, 2022 MPs have urged the government to look into pay standards across the influencer marketplace, especially following evidence of racial pay gaps of TikTok and Instagram stars.
Complete decentralization enables blockchains to offer real-world utility February 8, 2023 When you are assessing a crypto project, what do you look for? Despite the current trend being all about the price of the coin on an exchange, the main assessment could be based on the answer to “what does the project actually enable”? One of the most popular answers is “DeFi offerings”, and unfortunately that [...]
Micro-investment app Moneybox nets a £14m series B fundraising round, led by Alibaba and Treatwell backer Eight Roads July 9, 2018 Spare change investment app Moneybox today announced the close of a £14m series B fundraising round, led by Alibaba investor Eight Roads. Existing investors Oxford Capital Partners and Samos Investments, among others, also participated. The fresh funding takes Moneybox’s total amount raised to date to £21.3m. City A.M. understands that the money will be used [...]
British passport sixth most powerful in the world while EU states dominate top ranks July 20, 2022 The British passport is the world’s sixth most powerful with visa-free or visa on-arrival access to 187 countries. The UK passport was one place ahead of the US at 186 countries, while EU states dominated much of the top rankings, data from Henley & Partners’ 2022 Henley Passport Index showed. Germany and Spain were joint third, [...]
Mike Coupe is yet to convince the City that he has a Plan B for Sainsbury’s July 3, 2019 It has been several months since the Mike Coupe dream of a merger with Asda was dealt a lethal blow from Britain’s competition watchdog. But how much has the embattled chief executive changed his tune? Not enough, it would seem, to quell anxiety among investors. Shares in the supermarket giant failed to pick up today [...]
Cryptocurrencies continue to struggle July 27, 2022 In association with Luno. Bitcoin’s (BTC) recent strong momentum stalled in the middle of last week, and the price has been drifting back towards the $20k mark after hitting highs above $24k last week. The leading cryptocurrency by market capitalisation has hovered around $21k since Monday, down almost 10 per cent over the past 7 [...]
Rolls-Royce: Engine issues still in focus after ‘storm of steel and iron’ falls from plane August 14, 2019 On a sunny, 30C-degree afternoon in Fiumicino, near Rome, residents of the airport town thought they were experiencing a sudden hail storm. But when witness Paola Di Lazzaro looked outside, she saw “a storm of steel and iron,” she told Italian newspaper Il Messaggero. Hundreds of shards of incandescent metal were falling down to earth [...]