Major Southbank property estate put on the market for £280m September 18, 2018 London’s flagship southbank estate has been put up for sale for £280m, City A.M. can reveal. The 2.6 acre plot of mixed-use property site, which is best known for the South Bank Central’s iconic 155m tower, is being sold by CBRE on behalf of CPPIB and Hermes. The estate, which covers roughly 263,000 square feet [...]
Crowdfunding 3.0 & 300 Time Bombs a’Ticking September 18, 2018 As we enter this new season, looking back over the last seven years it’s not difficult to see how Crowdfunding has transformed both innovation and entrepreneurship, providing an open door, open access to the open market, for startups and ventures of any size. Meanwhile Fintech has begun to prise open payments and, to a limited [...]
The best of both worlds: Gold and crypto September 18, 2018 Cryptocurrency and blockchain technology have presented a unique opportunity to change the manner in which the world transacts. What makes money successful and sustainable is the degree to which it is an efficient medium of exchange between two parties as well as a stable store of value. This definition is supported through the economic principal [...]
Simon Yates’ Vuelta a Espana win caps unprecedented year for British Cycling September 18, 2018 When Simon Yates finished the final stage of the Vuelta a Espana in Madrid on Sunday his victory was another chapter in Britain’s story of phenomenal success in competitive cycling. Stepping onto the podium, the Bury-born cyclist was completing an unprecedented Grand Tour milestone for Britain. His success capped off an astonishing year for British [...]
Crypto A.M. Shines its Spotlight on SatoshiPay September 18, 2018 The adoption of crypto blockchain payment solutions is occurring across multiple sectors. However, to date there has been no accessible and cost-effective way to transact in micro amounts, something that is particularly important in high volume low margin transactions. This has now changed. SatoshiPay, a UK registered company run by a team of international technology [...]
Price comparison site Compare the Market appoints new boss September 18, 2018 BGL Group has appointed Jonathon Brown as chief executive of its price comparison site business Compare the Market. Brown joins from online photo printing company Photobox where he was chief operating officer. He will joins Compare the Market, home of the unforgettable Compare the Meerkat advertising campaign, on 23 October. Read more: Marsh & McLennan [...]
Rosenblatt launches litigation fund post-stock market float September 18, 2018 City law firm Rosenblatt launched a £2m litigation fund today as it announced its maiden results to the stock market. The firm became just the fourth law firm to list on the London Stock Exchange when it raised £43m from investors in May. Today it announced a subsidiary, Rosenblatt Litigation Funding, with £2m from the [...]
Visa and Mastercard agree $6.2bn settlement over card fees September 18, 2018 Visa, Mastercard and a number of banks have agreed to pay $6.2bn (£4.72bn) to settle a long-running legal dispute over the charges retailers are forced to pay for accepting card payments. The lawsuit, which began in 2005, accused the card companies of breaking US federal antitrust laws by forcing retailers to pay swipe fees. Read more: TSB forced to [...]
Trump accuses China of election meddling as it hits back with tariffs on $60bn of US goods September 18, 2018 China is set to retaliate against Donald Trump's new tariffs by imposing duties on an additional $60bn (£45.6bn) of US goods. Beijing is hitting back against the US President's plans to introduce 10 per cent tariffs on $200bn of Chinese imports from 24 September. The Chinese government said it was a “forced response” and that its own 10 per [...]
Nokia reportedly ready to axe around 250 jobs at US site September 18, 2018 Phone maker Nokia has slashed around 250 jobs at one of its sites in the US, and could cut another another 250 positions in the future, according to reports from local media. In a statement, Nokia confirmed jobs would be lost at its site in Naperville, but did not disclose the exact number of losses. [...]