These are the most entrepreneurial London boroughs November 30, 2016 East London start ups have gobbled up £23.2m worth of funding over the past four years, more than a third of all the lending to the sector in the capital. The figures from the Start Up Loans Company show that north London and west London are lagging behind, attracting just £8.3m and £9.9m respectively over [...]
The Royal Mint is putting gold bullion on the blockchain November 29, 2016 It’s not just currency that’s going digital – £1bn of the Royal Mint’s gold will soon be on the blockchain. The 1,000-year-old government-owned institution is working with exchange giant CME Group create a new digital trading platform for investors to buy and sell gold using blockchain’s distributed ledger technology (DLT) to track ownership. Why use [...]
Samsung’s thinking of splitting in two and pledges to boost 2016 dividend to reassure investors November 29, 2016 Samsung Electronics has confirmed it's weighing up dividing the firm into two separate companies. It has been under pressure from some investors to break itself into a holding unit and an operating company to bolster shareholder value and said it will be outlining plans to investors in Seoul today to boost just that. Samsung said it [...]
London will reinvent itself again post-Brexit if it remains flexible and open to the world November 29, 2016 "We don't plan London very much. Nobody planned to have the euro-dollar market, for example. It rose because clever people were very quick at responding to market signals.” Speaking at a debate at the Museum of London on the future of the capital, hosted by Eversheds, The Independent’s Hamish McRae set out the optimistic case for the [...]
Watch out for your phone: Cyber criminals won’t just be targeting your computer in 2017 November 29, 2016 Long gone are the days when people just had to be wary of their emails for suspicious attachments, as a report out today forecasts cyber criminals will be targeting smart devices and other futuristic tech much more in 2017. Among the predictions for next year from an Intel Security McAfee Labs report were an increase in attempts of dronejackings, [...]
The EU court will start trying to answer an incredibly existensial question about Uber November 28, 2016 The battle between Uber and taxi drivers in Europe is ramping up as they pull up at the European court on Tuesday over a rather existential question: what exactly is Uber? The first hearing in what is expected to be a landmark case that will decide its fate in key European markets will take place in the [...]
VC firm Draper Esprit’s IPO at the height of Brexit has paid off with pre-tax profits of £26.5m November 28, 2016 Venture capital firm Draper Esprit, the backer of successful startups Lovefilm, Lyst and Graze, defied the EU referendum jitters to float a week before polling day in June; now that appears to have paid off. It reported pre-tax profits of £26.5m for the six months to the end of September in its maiden interim results as a public company. The [...]
The UK is a massive digital loser in business, apparently November 28, 2016 Just one per cent of businesses in the UK are considered "digital winners", with the majority failing to embrace its transformational effects. The UK lags behind the rest of the world and is considerably less digital than several of its European counterparts, according to a new study of more than 4,000 executives and employees in more than 21 [...]
Shut your mouth! Noisy eaters are costing the nation’s economy November 28, 2016 Time is money, as they say, and it turns out office annoyances are costing us hours of wasted time… won't someone think of the lost productivity? To put a number on it, research by Samsung suggests 5.5 hours of our working week go on griping, such as complaining over crashing computers and even colleagues who eat too loudly. Where [...]
The London mayor’s ploughed £2.5m into startups since Brexit November 28, 2016 The Mayor of London has ploughed more than £2.5m into the capital's soon-to-be star startups since the vote for Brexit in a bid to show the world the city's "open for business", as he unveiled a new line up of advisors drawn from the UK's ranks of top entrepreneurs and business leaders. Sadiq Khan hailed the London Co-investment [...]