LSE’s biggest tech IPO ever: Blindfolded Wise begins £8bn public era July 7, 2021 The positive start to trading for fintech giant Wise, going public this morning, means the payments firm has become London’s largest ever tech listing. The firm saw its valuation swell to £8bn, marking a major boost for the capital’s tech scene. It’s a big step up from the £5bn price tag attached to the company [...]
Wise valued at £8bn in London’s biggest ever tech float July 7, 2021 Wise, one of Britain’s biggest fintech firms, has seen its valuation hit £8bn after listing on the London Exchange this morning, marking a major boost for the capital’s tech scene. Shares in the payments group, formerly known as Transferwise, began trading at £8 each in its eagerly-awaited stock market float. It follows an auction process [...]
Evening Standard falls to £17m loss as lockdown hits commuting July 7, 2021 The Evening Standard plunged to a £17.2m loss last year as repeated lockdowns and work-from-home orders hit the freesheet’s commuting readership. Revenue for the year dropped by almost a third to £44m in the year to the end of September as lower reader numbers were compounded by a slump in advertising spend. The pre-tax loss [...]
Nightlife bounce back: Boom Battle Bar bags prime Oxford Street retail space July 7, 2021 London’s Great Portland Estates has pre-let a prime Oxford Street retail space to competitive socialisation operator Boom Battle Bar, in a post-pandemic investment for both retail and hospitality. The 15,200 sq ft space at 70 Oxford Street, part of the redevelopment of the area, is a prime capital spot for a bar looking to capitalise [...]
Former trader at JP Morgan wins case against investment bank over spoofing July 7, 2021 Former trader at JP Morgan wins case against investment bank over spoofing
I’ll take two: London UK’s leading no-show hotspot for restaurant bookings July 7, 2021 London has been revealed to be the flakiest city in the UK for ghosting bookings, according to restaurant booking platform TheFork. Under the current restrictions in the hospitality sector, a pandemic-provoked ‘spread booking’ phenomenon has been reported by an increasing number of bars and restaurants. Some customers have been booking a table at more than [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 7, 2021 Morning Wire‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. Ex-abrdn CEO appointed chair university board The former CEO of Standard Life Aberdeen, now known as abrdn, has been appointed chair of the University of Sussex Business School’s advisory board. [...]
Insurance chief Nick Lyons picked as new Lord Mayor of London July 7, 2021 Insurance bigwig Nick Lyons has reportedly been appointed as the next Lord Mayor of London after a secretive election in the Square Mile. Lyons, who is chairman of insurer Phoenix and a board member of Bupa, is said to have been picked for the role last night by Canada Corporation’s Court of [...]
Soho House eyes $3.2bn valuation ahead of New York listing July 6, 2021 The parent company of the Soho House members club said it is targeting a valuation of about $3.2bn (£2.3bn) as it prepares to list on the New York Stock Exchange. The group, which filed for the initial public offering (IPO) under the name ‘Membership Collective Group’ in June, said it plans to raise as much [...]
Three very cool roles open in London right now July 6, 2021 Are you looking for a new job at the moment? We have some great news – loads of brilliant companies are hiring this summer, all over the UK and beyond. This week, we wanted to highlight some really cool jobs that are open in London. Check them out and be sure to apply if they’re [...]