Angel fund backed by former Credit Suisse CEO and Bridgerton star raises over £8m August 29, 2024 An angel fund backed by the former CEO of Credit Suisse and Bridgerton actress Charithra Chandran has raised $10.9m (£8.3m) in its first close. The Arāya Super Angel Fund, run by Arāya Ventures, is set to invest in up to 60 pre-seed and seed stage founders over the next four years in health tech, fintech, [...]
Octopus Group founder: Financial services is still the least trusted industry in the world August 29, 2024 Every week, Charlie Conchie sits down with the biggest movers and shakers in financial services, tech and fintech. This week, it's Octopus Group co-founder and CEO Simon Rogerson
Bunzl: FTSE 100 giant upgrades profit guidance amid record year for acquisitions August 27, 2024 Specialist distribution group Bunzl has upgraded its profit guidance once more and reported a strong first half as its resilient business model continued to hold up. The FTSE 100 company reported a decline in revenue of 0.4 per cent at constant exchange rates to reach £5.7b, with “underlying revenue trends improving in the second quarter [and] [...]
Jackson Hole highlights: Powell’s cutting rates, Bailey’s lifting weights August 26, 2024 Central bankers from all over the world descended on the small Wyoming town of Jackson Hole last week for a session of ruminating, speculating and pontificating. Here are the four main takeaways from the annual central banking shindig.
How Neil Fachie found Paralympic glory after ditching running track for velodrome August 26, 2024 Since he first jumped on a mountain bike in the north-east of Scotland, cycling has been Paralympic champion Neil Fachie’s one-way ticket to freedom. That Fachie is now the owner of two Paralympic gold medals and 19 world titles doesn’t do justice to a complex sporting journey that was never guaranteed to bend in a [...]
Claridge’s Hotel: Major expansion helps sales and profit surge at five-star London icon August 21, 2024 Sales at Claridge’s Hotel surged by more than 20 per cent in 2023 thanks to a “strong” recovery from the Covid-19 pandemic and the completion of a major expansion project. The five-star London hotel has reported a turnover of £119.3m for its latest financial year, up from the £98.1m it achieved in 2022. According to [...]
Analysts ‘sceptical’ about Flutter’s £2bn bid for Playtech’s Italian arm August 19, 2024 Flutter Entertainment’s potential £2bn swoop on Italian betting firm Snaitech, the consumer division of ‘white label’ gambling technology provider Playtech, has left some analysts unconvinced. Playtech has granted a period of exclusivity for Flutter to complete due diligence, although the Paddy Power and Betfair owner said at this stage there is “no certainty” that it [...]
Dragons Awards 2024 – Judges page August 16, 2024 Table of Contents As we prepare for the City AM Dragon Awards ceremony on Monday 18th November, we are excited to introduce our panel of judges who will bring their experience and insights to the process of identifying and recognising excellence in Environmental, Social, and Governance (ESG) initiatives. As with all City AM awards, we [...]
Infected blood scandal: Compensation for some victims by end of the year after review August 16, 2024 The government has published its report into the infected blood scandal, saying it will pass legislation this month and expect compensation by the end of the year for victims. The long-running scandal saw thousands given infected blood, leading to infections and diseases which killed many. It has been reported that 30,000 have been infected with [...]
Designmynight founders raise £5m for new tech venture August 15, 2024 The founders of hospitality booking platform Designmynight have raised $6.35m (£4.9m) for their new tech venture. Nick Telson-Sillett and Andrew Webster, who scaled Designmynight and sold it for £25m in 2017, have raised the capital for new digital sales platform Trumpet, alongside co-founder and chief executive Rory Sadler. The seed funding round led by London-based AlbionVC, which [...]