There’s a fresh mission to woo foreign fintech startups to the UK after Brexit February 8, 2018 The UK is seeking to woo foreign fintech firms after Brexit with more than 50 startups set to head to London. The government and City institutions will host companies from more than 13 countries inside the European Union and outside the bloc, in a fresh bid to shore up the sector. Read more: 2017 was [...]
Corbyn walks out of anti-Semitism debate as Labour MPs Ruth Smeeth, Luciana Berger and John Mann recall abuse April 17, 2018 Labour MPs received standing ovations from their colleagues today after recalling personal stories of anti-Semitic abuse – but their leader was not in the Chamber to hear much of it. MPs including Ruth Smeeth, Luciana Berger and John Mann told the Commons about abuse including rape threats and warnings they would be deselected by far-left [...]
Tech titans bed down in London: Why Brexit won’t be bringing about a ‘techxodus’ any time soon August 24, 2018 Brexit has generated investment uncertainty for many companies, but not – it would seem – for the US tech giants opening the throttle and splashing out on multi-million long-term property deals in London and creating thousands of jobs. Facebook, Google, Snap and Apple have firmly quashed the notion that the UK’s exit from the EU [...]
Citi picks London for latest fintech innovation hub February 11, 2018 Citigroup has selected London’s tech hub as the next site in its innovation lab network, creating new jobs on the fringes of the City. Headquartered in one of WeWork’s shared workspaces in Moorgate, the London innovation lab will employ 75 technologists from different backgrounds. It is the latest in a string of technology hubs set [...]
End of the Roman empire? Abramovich, visas and the sudden halt of Chelsea’s £1bn stadium project May 31, 2018 Roman Abramovich has transformed Chelsea from financially stricken also-rans to serial winners and global behemoth since buying the west London club from Ken Bates in a £140m deal 15 years ago. But questions about the Russian billionaire’s future as owner have resurfaced after the Blues called an abrupt halt to their plans to redevelop their [...]
Howard Shore, Shore Capital founder, leads $40m investment in new Israeli co-working business Mixer February 26, 2018 Shared workspace business Mixer has just nabbed $40m (£28.6m) of funding in an investment round led by Howard Shore, the founder of investment group Shore Capital. Mixer, based in Israel, is hoping to expand into Europe and the US and has a new site planned in Berlin. Shore will now become chairman of the business, [...]
Made.com backer Eight Roads Ventures has just raised a new $375m growth fund March 20, 2018 Eight Roads Ventures, the venture capital firm which has backed furniture store Made.com and beauty bookings app Treatwell, has just closed a new $375m (£269) fund. Having built on the previous £150m European fund total, Eight Roads – the venture capital branch of Fidelity International – has said the third fund “reflects the increasing number [...]
London Stock Exchange profits climb as it continues its hunt for a new boss March 2, 2018 The London Stock Exchange Group’s (LSE) profit jumped in 2017 as it recorded growth across all of its core businesses. The figures The LSE’s total income rose 18 per cent to £1.96bn while operating profit jumped 47 per cent to £626m. Revenue for the year to December 2017 climbed 17 per cent to £1.77bn. The [...]
Top Israeli entrepreneurs take to London for disruptive tech summit spanning drones and artificial intelligence September 12, 2017 A raft of top Israeli entrepreneurs meet today in the capital for a disruptive technology summit, in a vote of confidence for London’s tech scene. Among those speaking at the UK Israel Business technology summit include OurCrowd founder Jon Medved, Gett’s Western Europe boss Matteo de Renzi, and Tomer Tzach, chief executive of CropX. Read [...]
Davos: Donald Trump’s state visit to the UK is back on after successful “clear the air” meeting with Theresa May January 25, 2018 Donald Trump’s state visit to the UK is back on the agenda, after a successful bilateral meeting with Theresa May today. The President and Prime Minister had their first one-to-one since their relationship publicly soured last autumn, resulting in the pair asking officials to “work together on finalising the details of a visit by the [...]