London Stock Exchange acquires ESG data provider Beyond Ratings to boost sustainable finance offering June 3, 2019 London Stock Exchange has acquired ethical and sustainable data provider Beyond Ratings in a bid to grow its information services business. The deal will allow LSE to grow its capabilities around sustainable finance and further support clients through its data, the company said. Beyond Ratings, which provides environmental, social and governance (ESG) data for fixed [...]
London investor Dawn Capital leads $11m series A fundraise in tech firm Onna June 3, 2019 London venture capital firm Dawn Capital led a $11m series A funding round in data management platform Onna, which provides software to customers such as Facebook, Dropbox and Fitbit. The round was supported by Dropbox, Slack Fund and existing early investor Nauta Capital, and the funding will be used to grow Onna’s central information access [...]
Boris Johnson officially launches Tory leadership campaign as Donald Trump lands in the UK June 3, 2019 Boris Johnson has officially launched his campaign to become the next Tory leader as US President Donald Trump lands in the UK. Johnson, who remains the bookies’ favourite to become the next Prime Minister, released a campaign launch video this morning and said it was “time to deliver Brexit and unite our fantastic country.” Read [...]
Huawei to sell undersea cable business amid trade feud with US June 3, 2019 Huawei is set to sell its undersea telecoms cable business to a Chinese fibre optic cable manufacturer in the troubled tech firm’s first major deal since the escalation in its feud with the US. In a filing to the Shanghai Stock Exchange, cable giant Hengtong Optic-Electric said it had signed a letter of intent with [...]
Pawning the family treasure: Rare chess piece set to fetch up to £1m June 3, 2019 A rare and long-lost medieval chess piece could fetch up to £1m at an auction in Edinburgh tomorrow. Sotheby’s is putting a Lewis Chessman piece up for sale some 55 years after it was snapped up by an eagle-eyed Edinburgh antiques dealer for £5. Read more: David Hockney's pool painting breaks record for living artist [...]
Matalan boosts revenue despite ‘tough retail climate’ June 3, 2019 Budget fashion brand Matalan boosted profits and revenue last year despite a “tough” retail climate which has seen other retailers forced to launch store closure programmes. The figures Revenue was £1.1bn in the year to 23 February 2019, up from £1.06bn in the previous year driven by a 31 per cent rise in online sales. [...]
Donald Trump’s UK state visit: What the US President’s itinerary looks like June 3, 2019 President Donald Trump and First Lady Melania Trump arrived in London shortly before 9am on Monday, 3 June for Trump's UK state visit. Over the next three days Trump will meet the Queen along with other royals including the Prince of Wales and Prince Harry, before a round of political talks with Prime Minister Theresa May and [...]
What does Boris Johnson have in common with Oscar Wilde? A brief history of private prosecutions June 3, 2019 Former foreign secretary Boris Johnson has been told that he will face court as part of private prosecution brought against him for his conduct in the Brexit campaign. Suddenly, this obscure legal mechanism is in the public spotlight. Indeed, many people may not even have been aware that private prosecutions still existed in modern Britain. [...]
Ineos billionaire Sir Jim Ratcliffe pours $2bn into Saudi Arabia manufacturing hubs June 3, 2019 British energy giant Ineos is set to sink $2bn (£1.6bn) into its very first manufacturing plants in Saudi Arabia. Read more: Ineos hints it could pull out of UK fracking market Owner Sir Jim Ratcliffe called the decision “a major milestone that marks our first investment in the Middle East”. The deal comes after Ineos [...]
No one-trick pony: How Polo in the Park has brought the sport to the masses June 3, 2019 In 2009, when City workers emerged bleary-eyed and hungover from the financial crisis, partying definitely wasn’t on the priority list. But London’s sombre mood didn’t dissuade Daniel Fox-Davies, who had grand ideas about creating a massive summer social event. The entrepreneur approached his friend Rory Heron to ask if he would work with him on [...]