Rising fintech star explains why banks are rushing to jump on the lucrative BNPL bandwagon September 19, 2022 Virgin Money recently confirmed plans to enter Britain’s buy now, pay later (BNPL) market. The banking player is the latest player to start offering BNPL products, which generally can help people to spread the cost of purchases without adding to their overall cost. Earlier this year, another bank, NatWest, said that it planned to enter [...]
One child in every London classroom is homeless, shock council data claims March 15, 2023 One child in every classroom in London is homeless, on average, shock new data from councils across the capital has claimed. There are 166,000 homeless people living in the capital and of these 81,000 are children, a new report from the London Councils network has claimed. On average, this means one in every 23 children [...]
Exclusive: Tech exits surge as unicorns are ‘out’ and recurring revenue is the new valuation for venture capital May 19, 2022 European technology exit values and counts have skyrocketed in the past year, reaching $133.4 billion in value, a 400 per cent year-over-year increase, across 1,247 exits. In 2021, there were approximately 186 public listings, including names such as UiPath, Wise, GitLab, OVH, and SUSE. In addition, M&As reached an all-time high with 687 European companies being acquired. The deep pool of [...]
Arsenal fans pay £12,500 for debentures to skip 5-10 year season ticket waiting list July 11, 2023 Arsenal fans desperate for a season ticket at the resurgent club are shelling out more than £12,000 for debentures that allow them to bypass the waiting list for a seat. The Gunners’ return to Premier League title challenging form last season has seen demand swell for season tickets, even though prices range from £974 to [...]
European rugby: How do you qualify in the Champions and Challenge Cup? January 20, 2023 This weekend sees the final group stage matches in the European Champions Cup and European Challenge Cup. With a number of sides still able to make it into the respective rounds of 16 due to the new competition format, there’s a lot on the line. So with fixtures kicking off this evening, what are the [...]
BREAKING: Elizabeth Line platforms at Paddington station reopen after evacuation on first Crossrail day May 24, 2022 Paddington station was reopened after hundreds of people were seen fleeing from the Elizabeth line platforms at Paddington station due to a fire alarm. A TfL spokesperson told City A.M. the station was reopened after it was confirmed the fire alert was a false alarm. Twitter user Laura Bunting earlier this morning posted a video [...]
Sir Martin Sorrell’s venture fund backs US digital asset management firm November 21, 2022 A venture capital fund backed by Sir Martin Sorrell revealed its first public investment in a US digital asset management platform this morning. In a statement, S4S Ventures announced that it had co-led a $10m Series B investment round alongside Bertelsmann’s BDMI for Tenovos, a New York based software-as-a-service provider. Tenovos helps clients streamline and [...]
B&Q owner Kingfisher profit nosedives 30 per cent amid economic gloom September 20, 2022 B&Q owner Kingfisher posted slumped profit in half-year results, with bosses citing an “exceptionally strong” comparable period last year. Operating profit was down 29.1 per cent, the DIY retailer highlighted, in results for the six months ended 31 July. Depleted sales came against a “backdrop of exceptionally strong” trading in the first-half of 2021, Thierry [...]
Super Bowl LVIII ad review: BMW, Uber Eats, Kris Jenner and Lionel Messi February 11, 2024 Super Bowl commercials have, for some time now, been on a trend of featuring more and more celebrities, in ever intriguing and beguiling ways. Indeed, the NFL has had its very own celebrity endorsement this season, with the Grammy award winning singer, Taylor Swift, dating the Kansas City Chiefs’ tight end, Travis Kelce. Her sheer [...]
Why UK consumers had to foot a £7bn (and-growing) gas bill for National Grid March 28, 2024 In 2023 alone, balancing the grid cost billpayers £2.85bn, equivalent to every electricity consumer in Britain paying an extra £80 per year.