DEBATE: Should shut down Deliveroo’s delivery-only kitchens? June 12, 2019 Are local councils right to shut down delivery-only kitchens operated by Deliveroo? One such “dark kitchen” is under investigation in Swiss Cottage. Paula Higgins, chief executive of the HomeOwners Alliance, says YES. If councils find that Deliveroo is operating illegally in particular locations and bypassing planning rules, they are right to shut down these so-called [...]
Channel 4 launches real-time digital ad bidding amid privatisation threat August 23, 2021 Channel 4 is rolling out technology that will allow advertisers to bid for ad space on its streaming service in real time as the state-owned broadcaster battles the threat of privatisation. The Gogglebox broadcaster has launched a new platform that enables ad space to be auctioned in milliseconds across All 4’s 14,500 hours of programming. [...]
Bolt doubles valuation to €4bn as investors pour into on-demand grocery push August 2, 2021 Estonian ride-hailing startup Bolt announced on Monday it had closed a fresh €600m (£512m) funding round, increasing its valuation to more than €4bn (£3.4bn). The latest funds raised from investors will be funnelled into its new 15-minute grocery delivery service, Bolt Market, as the startup seeks to capitalise on the fast-growing market. Bolt said it [...]
LGIM to call for ‘more protections’ for minority investors March 22, 2021 One of the UK’s largest investors is set to call for more protections for minority investors in a submission to the Financial Conduct Authority (FCA) over reforms to the UK’s listings regime. Legal & General Investment Management (LGIM) will call for a range of measures, including making investment banks which run IPOs for companies receive [...]
Screenshot: Can GB News survive the ad boycott backlash? June 18, 2021 This week **Media Moment of the Week: Richard Madeley goes full Partridge **Can GB News survive the ad boycott backlash? **London’s bumper fintech float: a Wise move Media Moment of the Week: Richard Madeley goes full Partridge It’s always risky when producers attempt a comeback of an old show, so I was sceptical when I [...]
Rishi Sunak warns Boris Johnson travel restrictions are ‘out of step’ August 1, 2021 The Chancellor has warned Boris Johnson that the UK’s travel restrictions are “out of step” with its international rivals as he pushes for holiday rules to be relaxed, according to reports. The Sunday Times reports today that Rishi Sunak has written to the Prime Minister about the damage that the current border rules are doing [...]
Wall Street dips after Fed minutes affirm low interest rates for longer April 7, 2021 Wall Street dropped towards the end of trading, as traders digested the latest update from the Federal Reserve latest’s meeting. The Dow Jones, and Nasdaq indexes are currently down by 0.06 and 0.07 per cent respectively, while the S&P 500 is performing a little better, up 0.6 per cent. The Fed struck a dovish tone [...]
S&P 500 breaks through 4,000 mark as FTSE 100 pushes higher April 1, 2021 The S&P 500 broke through the 4,000 mark for the first time today as buoyant tech stocks and optimism about reopenings boosted Wall Street. The index was up 0.8 per cent 4,006 points shortly before 5pm. The Dow Jones and Nasdaq also rose 0.4 per cent and 1.5 per cent respectively. The rapid rollout of [...]
Johnson meets tech firm chiefs to talk listing in London December 19, 2020 Boris Johnson held a roundtable with executives from Britain’s fastest growing tech start-ups to get ideas on how to grow the UK’s tech sector and persuade firms to list on London’s stock markets. Bosses from Darktrace, Deliveroo, Oxford Nanopore and Revolut were among those invited to the meeting at Number 10 yesterday. According to The [...]
Collective: Feeling the benefit of the gig economy growing up July 10, 2021 Back in the halcyon days of the mid-2010s – a world before Brexit buses and a global pandemic – it was easy to find cheerleaders for the gig-ification of the capital’s employment scene. Uber and others were redefining work. Londoners were whizzing around in cheap cabs. Politicians were falling over themselves to champion the free-market [...]