Wall Street creeps higher as investors bide time until key economic reports June 2, 2021 Wall Street’s main indexes edged higher today as cautious investors awaited key economic data later in the week. The Dow Jones Industrial Average rose 0.2 per cent at the open, while the Nasdaq Composite gained 0.1 per cent. The S&P 500 also added 0.1 per cent as it continued to recover its losses following a [...]
The value of maths adds up to Queen’s Award success for Smith Institute May 7, 2021 In an interview shortly after the American economist, Paul Milgrom won the 2020 Nobel Memorial Prize in Economic Sciences for improvements to auction theory and inventions of new auction formats, he said: “People had no clue of how… to even approach it, and so we put together a practical design which has subsequently been used round the [...]
Saturday Read: Investors are fleeing Myanmar as coup grows more deadly March 6, 2021 The world’s largest sovereign wealth fund, the Norwegian central bank, has put Japanese Kirin Holdings on a watch list for possible exclusion due to its ties to Myanmar’s military, in light of the recent coup and ongoing unrest in the country. The Japanese beverage group Kirin has a partnership and $1.7bn controlling stake in Myanmar [...]
Fabric Ventures announces $130m million fund to invest in digital assets and decentralisation July 29, 2021 Fabric Ventures, a venture manager that backs ‘open economy’ founders across the globe, today announced Europe’s biggest fund of its type, valued at $130 million, which includes $30 million from the European Investment Fund (EIF).
Diego Maradona’s maverick spirit lives on in a new wave of athlete activists November 27, 2020 Maradona’s rebellious nature and habit of hanging out with the wrong crowd was a product of his upbringing in the shanty town of Villa Fiorito, and it’s fair to say it never left him. In a world where athletes and celebrities are increasingly held up as role models, Maradona, through his own words and actions, [...]
Rearranging menu promotes healthier drink choices January 16, 2020 Fast food diners can be encouraged to make healthier choices by changing the position of items on the menu, a study has found. Research led by Warwick Business School, in conjunction with McDonald’s, showed customers could be persuaded to choose less sugary soft drinks by changing the order they appeared on the touch-screen kiosks. The [...]
City Moves for 4 February – Who’s switching jobs at Saatchi & Saatchi, Barkby and Superunion? February 4, 2020 Today’s City Moves includes Saatchi & Saatchi, Barkby and Superunion Saatchi & Saatchi Saatchi & Saatchi London has announced the appointment of Andrew Kay as managing partner on its prominent BT account. Andrew takes on the new role after three years as managing director at BETC. He began his career with account management roles at [...]
Real estate tech company Blueground launches in London October 23, 2019 Blueground, a startup providing tech-driven flexible apartment rentals, is launching in London and has raised $50m (£39m) in a funding round. The real estate tech firm offers Airbnb-style apartment rentals aimed at business travellers, offering rental lengths of one month or longer. Read more: Exclusive: Flexible office space firm Central Working falls into administration Blueground, [...]
Caffeine buzz: Black Sheep coffee chain secures £13m funding for overseas plan June 17, 2019 Independent coffee shop chain Black Sheep has secured a £13m funding injection as it sets its sights on global expansion. The London-based barista group is looking to ramp up its footprint from 34 sites to 70 by the end of this year, as it eyes overseas growth in the US, Europe, UAE and Asia. Read [...]
Two chief executives – is that one too many? October 8, 2019 Martin Gilbert’s resignation last week from Aberdeen Standard Investments may well have struck a chord with anyone who considers the “two chief executive model” ineffective. When the merger between Standard Life and Aberdeen was announced back in 2017, some were dubious about whether the co-chief exec model would work in practice – though Gilbert and [...]