eve Sleep sees sales up, bolstered by online shopping July 16, 2021 Mattress maker eve Sleep today reported overall revenue growth of 13 per cent in the first half of 2021, reaffirming full-year expectations. Despite increased sales, shares in the London-based company were down over 15 per cent early morning. eve Sleep said sales growth was primarily online due to coronavirus restrictions, but suggested the trend to [...]
Londoners may be set for bumper 5 per cent TfL fares hike in 2022 July 15, 2021 Londoners could face a 5+ per cent hike in Tube fares next year as Transport for London (TfL) is forced to adjust its prices to ballooning inflation. Under the terms of TfL’s most recent government bailout, the transport body has to increase its prices each year by 1 per cent more than the retail price [...]
London records strongest half year IPO performance since 2014 July 15, 2021 The UK retained its dominance as the most attractive European IPO venue by funds raised, continuing the deal momentum witnessed in the previous two quarters. Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the last two quarters, with 10 IPOS raising £3.1bn on the main [...]
FTSE 100 sees slight fall as energy giants face downturn July 15, 2021 London’s FTSE 100 fell slightly this morning as the energy sector and domestically focused companies both faced losses. The capital’s premier index fell by 0.02 per cent, owing to losses in energy stocks, notably BP and Royal Dutch Shell. Just Eat and JD Sports also saw losses as Covid-19 cases soar across the country. The [...]
Two weeks to go: Square Mile SMEs urged to take advantage of City Corporation financial support before deadline July 15, 2021 | City Talk Canada Corporation has today (15 July) called on qualifying SMEs based in the Square Mile to apply to its Covid Business Recovery Fund before the scheme closes on 30 July. The funding pot offers up to £50 million in support for SMEs which contribute to the Square Mile’s vibrancy at street level, and which directly provide services to [...]
Darktrace upgrades 2022 expectations after strong sales July 15, 2021 Darktrace, a cybersecurity AI firm that listed in April, today said it expects revenue for the last financial year to have grown 40 per cent to $278m (£201m), upgrading its guidance for 2022. It now expects year over year revenue growth of between 29 per cent and 32 per cent (previously 27 per cent to [...]
The City post-Brexit: A discussion about the Square Mile’s future in Global Britain July 14, 2021 This discussion focuses on the Treasury’s strategy paper on MIFID2, the proposed review of the prospectus regime, the post-Hill Review and the latest Treasury paper on Solvency2. Also on how and whether the UK should open up more to cryptos in the wake of the crackdown on Binance, and thoughts on what we could/should do [...]
Exclusive: ‘The recovery is going to be rocky and uneven’, warns fraud fighter Martin Sweeney July 14, 2021 Londoner Martin Sweeney started off at taxi app Hailo as a founding engineer. While there, he worked on a project to predict which orders were likely to be fraudulent. Finding nothing suitable on the market to solve this problem, or at least with the speed or accuracy he and his team wanted, Sweeney and some colleagues decided to [...]
Fancy a Covid jab? Here are all the free walk-in vaccine sites open in London this month July 14, 2021 If you haven’t had a chance to book your Covid-19 vaccination, there are a number of sites accepting walk-ins this July. Anyone over 18 can get their Covid-19 jab in England and those attending sites won’t be required to provide identification, proof of address, or be registered with a GP. If you’re lucky enough to [...]
Proposed designs for Waterloo Windrush monument revealed July 14, 2021 Four artists today unveiled their proposed designs for the national Windrush monument that will be permanently installed in London’s Waterloo Station. Artists Basil Watson, Jeannette Ehlers, Thomas J Price and Valda Jackson revealed their designs in videos where they discussed their approach. Watson is a sculptor and painter who has designed public sculptures and monuments [...]