WH Smith is the UK’s worst high street store, say shoppers May 29, 2019 WH Smith is the worst of all UK high street stores, according to a survey of British shoppers published today. Read more: Ranked: The top 15 retailers to work for The stationery provider got the worst rating of 100 retailers, with just 50 per cent of customers expressing satisfaction based on factors such as quality of [...]
Citigroup closes in on £1.2bn purchase of Canary Wharf headquarters February 17, 2019 Citigroup is in talks to buy its Canary Wharf headquarters for a reported £1.2bn in a major show of confidence in London’s status as a global financial centre. Citi is looking to secure the purchase of the 25 Canada Square skyscraper, which it currently leases, from owner AGC Equity Partners in a bid to double [...]
Softbank unveils $500m Softbank Acceleration Fund March 11, 2019 Softbank has launched a new global tech fund with up to $500m (£384.68m) to pour into early-stage startups. Read more: Softbank's Vision Fund pump $940m into robotics firm Nuro The Japanese telecoms giant could launch the Softbank Acceleration Fund as early as next month, according to Reuters. The new fund – a rebrand of Seoul-based [...]
‘Don’t believe everything you hear,’ Huawei tells Wall Street Journal readers March 1, 2019 Huawei has taken out a full-page advert in the Wall Street Journal, telling readers “Don’t believe everything you hear”, in an attempt to salvage its tarnished reputation in the US. Read more: Huawei takes ground from Apple and Samsung in smartphone war Catherine Chen, a director at the Chinese telecom giant, claimed the US government [...]
12 Hay Hill in Mayfair shows shared workspaces are going upmarket to capture the professional crowd September 3, 2018 Coworking spaces seem to be taking over the city. Right now, the largest private-sector occupier of office space in central London isn’t a tech firm or major bank. It’s WeWork, a leading provider of shared workspaces. And coworking is big business: WeWork was valued at £27bn in June, making it the world’s second most valuable [...]
Hacking Wall Street: Are tech unicorns about to disrupt stock market flotations? January 21, 2019 Tech companies have changed the way we chat, bank, travel and date. Are they about to disrupt capital markets too? “In [Silicon] Valley there’s always been that mentality: how do we hack Wall Street?” says Rob Kniaz, a founder of tech-focused venture capital firm Hoxton Ventures. Two weeks ago reports broke that Slack, the workplace [...]
Watchdog slaps KPMG with £6m fine over insurance audit April 30, 2019 A financial watchdog has stung KPMG with a £6m fine and “severely reprimanded” the auditor after finding fault with how an insurance audit was conducted. Read more: KPMG examining audit spin-off in wake of damning report from MPs KPMG must also carry out an internal review following the Financial Reporting Council’s (FRC) findings, which relate [...]
Finalist November 9, 2022 Start-up of the Year supported by World Mobile Swash Swash is reinventing data ownership through new incentivisation streams and a collaborativedevelopment framework, governed by the ethos of Web 3. It enables individuals, developers, and businesses to cultivate new realities of data ownership and value creation. It is the largest data unionin the market with over [...]
Law helping businesses receive insurance payouts after terror attacks passed February 12, 2019 Companies will be able to more easily buy insurance for business interruption in the case of terrorist attacks following the passing of a new law today. The passing of the Counter Terrorism and Border Security Act 2019, which received Royal Assent today, followed an outcry in the aftermath of the London Bridge attacks where businesses [...]
Donald Tusk says ‘anything could be possible’ after EU agrees Brexit delay March 22, 2019 European Council president Donald Tusk said the extension of Article 50 agreed last night at the EU summit in Brussels meant any Brexit outcome was possible. Tusk told a press conference on the second day of the summit that the delay of the Brexit date until 12 April meant "anything could be possible: a deal, [...]