British biotech firm Immunocore opts for New York float January 18, 2021 Cancer biotech firm Immunocore is looking to list on the Nasdaq rather than London as it aims to raise up to $100m. The Oxford-based company delivers biological therapies for people suffering with cancer and other serious diseases. Last week Immuncore secured $75m in fresh funding after a Series C round, bringing its total raised through [...]
Londoners rejoice; Deliveroo will serve your Pret a Manger meal to your desk July 12, 2019 It’s not exactly hard to find a Pret a Manger in London; there are more than a dozen in the City of London alone. Read more: Pret vows to go veggie when it takes over Eat stores But it is hard to get away from your desk sometimes, so thousands of workers will be delighted [...]
Screenshot: Does the UK media have a racism problem? March 12, 2021 This week: **Media Moment of the Week: GMB gets a new frontman **Does the UK media have a racism problem? **Deliveroo’s IPO giveaway; BT gets in a bind Media Moment of the Week: GMB gets a new frontman What a week it’s been for ITV. In the space of 24 hours it racked up bumper [...]
London IPO activity smashes new records as it already outpaced whole of 2020 October 6, 2021 London has retained its dominance as the most attractive European IPO venue by funds raised in the third quarter, continuing the deal momentum witnessed in the previous two quarters and reaching new record highs. Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the last two [...]
Stripe tops US startup rankings as valuation jumps to $95bn March 15, 2021 Digital payments firm Stripe has become the most valuable private company in Silicon Valley after fresh funding drove up its price tag to $95bn (£68bn). The financial services firm last night announced it had raised $600m in fresh capital from investors including Allianz, Baillie Gifford, Fidelity Management & Research Company, Sequoia Capital, and Ireland’s National [...]
Zego becomes first UK insurtech to secure unicorn status March 10, 2021 Motor insurance startup Zego has secured unicorn status with a valuation of more than $1bn after its latest funding round. The London-based company provides insurance to gig economy workers and claims to be the UK’s first insurtech unicorn. It follows a $150m round led by DST Global with backing from General Catalyst, whose founder and [...]
E-commerce grocery sales plateau boosts Aldi’s market share to peak levels June 22, 2021 The growth of e-commerce sales in the grocery market has plateaued, giving the likes of Aldi an opportunity to grow its market share after not making use of online sales in the past year. The percentage of e-commerce sales in the grocery market remained flat at 13.4 per cent in the four weeks to 13 [...]
UK PMIs: Manufacturing activity soars to decade high in March April 1, 2021 UK manufacturing activity grew sharply in March as business optimism hit a seven-year high and vaccine rollouts buoyed the industry, according to new data. The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index rose to 58.9 per cent last month, marking the highest reading in just over a decade. The index leaped from last month’s 55.1 [...]
UK tech on track for second record-breaking year of Asian investment July 13, 2021 The booming UK tech sector received almost twice the amount of Asian capital in the first six months of 2021 as it did during the whole of 2020, paving the way for a second record year of regional investment. By the end of June, Asian and Middle Eastern investors funnelled over £1.7bn into UK tech [...]
Revealed: The London boroughs where houses sell fastest March 31, 2021 The areas of the capital where property sells the fastest have been revealed, with outer London boroughs dominating the list. Waltham Forest was the neighborhood where sellers can hope to offload their properties the quickest, with two-bed terrace houses the fastest to be taken off the market in just 35 days. Barking and Dagenham, Bexley [...]