Boris Johnson: £35m cost to host 2017 Tour de France in London better spent elsewhere September 29, 2015 Mayor of London Boris Johnson has taken responsibility for the capital's decision not to host the start of the 2017 Tour de France, arguing that it would be too expensive. Read more: London pulls out of hosting Tour de France Grand Départ in 2017 London had trumped competition from Manchester and cities in Germany to win [...]
Sam Smith, chief executive of FinnCap: This is why I believe in the AIM market January 29, 2016 The AIM market gets a hard rap. Commentators are often harsh with their criticism of the junior market, and prefer to highlight the disasters rather than the successes. Admittedly, AIM has not been without its problem children, but it would certainly be unfair to judge a whole market by the likes of Globo and Quindell, to name but [...]
Index Ventures has a new $550m VC investment fund and its eye on London tech startups February 3, 2016 Europe's biggest venture capital investor and the backer of star startups such as Just Eat, Asos and Transferwise has raised millions of pounds in new funds to invest in tech startups across Europe, the US and Israel. Index Ventures has raised a new $550m (£377m) fund from its existing long-standing investor base which includes endowments, pensions and insurance funds, among [...]
Asos shares soar 17 per cent as etailer gets back on track with sales up in the UK and overseas March 12, 2015 Asos's share price soared 17 per cent this morning as it appeared to be back on track, reporting quarterly growth of 19 per cent after a difficult period that included a profit warning. The figures The etailer, which took a stumble a few months ago, appears to be back in its comfort zone. [...]
Five things entrepreneurs and founders need to know before joining a growth business accelerator programme February 4, 2016 British entrepreneurs have a lot to be excited about at the moment. With over half a million businesses started in the UK in 2013 alone – helped by a business environment with the fewest barriers to entrepreneurship in the world – and the number growing, it’s a good time to be a British-based business. Unsurprisingly [...]
Aim awards 2015: Junior market reaches fever pitch at the London Stock Exchange October 9, 2015 Awards season is officially in full swing, and the team behind Aim at the London Stock Exchange sure know how to party. About 1,300 guests from Aim-listed companies, as well as brokers, bankers, analysts, corporate advisers and fund managers descended on Old Billingsgate to celebrate the secondary index’s 20th award ceremony, sponsored by PwC. Fancy [...]
Brown Thursday, Black Friday, Super Sunday, Cyber Monday 2015: When are the best deals going to be on offer? November 27, 2015 The UK has finally woken up to the pre-Christmas sales bonanza that has been building in the US for many years. Cyber Monday was the first to hit our shores, and, since 2009, has been the biggest single online sales day in the UK. But this year other US imports are gaining traction. What [...]
London pulls out of hosting Tour de France Grand Départ in 2017 September 28, 2015 London will no longer host the start of the Tour de France in 2017 after Transport for London (TfL) pulled out. Read more: Global interest in the Tour de France rises The capital was awarded the right to stage the cycling showpiece for the third time in a decade by race organisers Amaury Sport Organisation (ASO), [...]
Asos boss Nick Robertson sells £20m-worth of shares January 28, 2015 Asos boss Nick Robertson has had a lucrative afternoon. The founder and chief executive of the hugely succesful etailer has sold nearly 750,000 shares, worth more than £20.2m. The shares were sold at an average price of just over 2,716p each. It puts January pay day into perspective for the rest of us. [...]
Asos share price rises following positive end to 2014 January 13, 2015 The figures British online fashion retailer Asos ended 2014 on a very positive note, with the Christmas period pushing sales up by 15 per cent in the six weeks to 9 January. The news caused shares to rise by 7.1 per cent to £26 when markets opened this morning, and they were still performing [...]