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Why London’s not such a capital place to live | Letter

Figures that appear to show Londoners are significantly better off than people in other parts of Britain don’t tell the whole story, says Maggie KemmnerThe article (Big regional gaps revealed in disposable incomes across UK, 23 May) is very misleading. It makes no allowances for the increased housing costs most Londoners face.In February 2019, Londoners spent the biggest proportion of their income on rent as compared to other areas of the UK; more than one third of a household’s income. The aver...
Tags: London, UK news, Income inequality, Inequality, Renting property, Property, Money, Commuting, Cities


Finablr to spend $200 million of IPO money on expansion - CEO

Payments and foreign exchange company Finablr plans to use half of the proceeds from its share sale in London earlier this month to expand both organically and via acquisitions, its chief executive said on Sunday.
Tags: businessNews


Mark Zuckerberg, Steve Jobs, and 21 other tech moguls who never graduated college

College students accrued more than $1 trillion in debt last year pursuing higher education. However, there are incredibly successful tech executives, such as Mark Zuckerberg and Bill Gates, who started multi-billion-dollar companies without ever getting a college degree. Here are 23 tech founders and executives who never graduated college, but nevertheless attained massive success. Visit Business Insider's homepage for more stories. It's been consistently shown that are bound to earn more t...


T. rexes and other dinosaur skeletons look almost alive in a new set of remarkable photos

Photographer Christian Voigt travels to museums in Europe to take photographs of extinct dinosaurs, mastodons, and saber-toothed cats. Voigt uses a black cloth backdrop and natural light to capture each skeleton individually and in detail. His goal is to "bring these creatures back to life" through his photography, Voigt said. Visit Business Insider's homepage for more stories. Traveling back in time to the age of the dinosaurs is beyond the reach of science. But that doesn't stop photographe...


Internal emails show Google didn't refund defrauded advertisers for years, says one of the search company's clients

Internal Google emails allegedly show that engineers at the company knew credit was being generated for clients whose money was wasted on invalid clicks. That money was not returned, the emails allegedly show. The emails come from a federal lawsuit filed by AdTrader, a Google advertising client. The CEO of AdTrader recorded a phone call in which a Google sales staffer said his clients would be refunded for invalid clicks. The money never arrived. Now Google has decided to return $75 million to...
Tags: DBM


Charterhouse makes $710 million cash bid for media firm Tarsus: Reuters

European private equity firm Charterhouse said on Friday it had made a cash bid for Tarsus valuing the London-listed media firm at about 561 million pounds ($711 million). The bid comes as private equity firms are increasingly seeking out listed companies in Europe in so-called take-private deals, where a public company is bought and delisted. Based in Dublin, Tarsus Group has a market value of 383 million pounds and specializes in a wide range of business-to-business media activities including ...
Tags: PE Deals, Tech, EBITDA


The Latest: May to step down as party leader on June 7

The Latest on Brexit and Britain's political crisis (all times local): 10:05 a.m.
Tags: 5dc0dadc-b140-5452-a4fc-9006cbc250d0, Fox-business/markets, Fbn, Fbn/markets, Article, Associated Press, LONDON


Uber to launch Jump bike hire scheme in Islington borough

Ride-hailing company hopes to expand to other London boroughs if local trial goes wellUber is to launch its electric bike hire scheme in the UK, trialling Jump bikes in London through its app.The global ride-hailing firm will be battling with Lime for the e-bike market, after the retreat of dockless bicycle firms from the UK. Continue reading...
Tags: Cycle hire schemes, Uber, Transport, Business, UK news, London, TfL


Beautystack raises £4M seed to help beauty professionals become financially independent

Beautystack, the London startup that’s creating a beauty professional booking app with heavy focus on social, has quietly picked up £4 million in seed funding led by Index Ventures. The company had previously raised pre-seed funding from LocalGlobe (led by Suzanne Ashman) and counts David Rowan (ex-Wired), Julien Codorniou (Facebook Workplace) and Audrey Gelman (The Wing) as angel investors. Founded by former salon owner and brand consultant Sharmadean Reid in April 2017 before being joined by c...
Tags: Travel, Fundings & Exits, Startups, TC, Europe, London, Index Ventures, Bookings, Reid, Sharmadean Reid, Julien Codorniou, Localglobe, Audrey Gelman, Facebook Workplace, David Rowan, Suzanne Ashman


This tech CEO cancelled a lucrative IPO hours after his house set on fire. He later sold his firm for $100 million.

Gerry Smith is the CEO of cloud computing firm Densify, and served as CEO of enterprise software provider Changepoint for more than a decade. In the fall of 2000, Smith was deciding whether to take Changepoint public when he heard his family home was on fire. It was the catalyst for him calling off the IPO. He went on to sell the company for $100 million in 2004. Speaking to Business Insider, Smith recalled the incident and discussed its profound impact on his personal and professional life. V...
Tags: London, Trends, Smith, Marc Benioff, Gerry, SHELLEY, Compuware, Gerry Smith, Shelley Shelley, Densify, Changepoint, IPO Smith, Gerry don, Forrester Names Densify


GitHub, Microsoft's wildly popular developer service, launches a new service to help programmers get paid for their open source code (MSFT)

GitHub is launching GitHub Sponsors, a new feature that lets users contribute financially to the developers who build and maintain open source software. It addresses a major issue: Open source software is incredibly important to the functioning of the internet, but it's largely developed by unpaid volunteers who never see a cent from their labors.  GitHub is also announcing the acquisition of the popular Dependabot tool, which helps open source maintainers scan their projects for outdated depe...
Tags: Facebook, London, Microsoft, Trends, Ibm, Github, Lawson, Devon Zuegel, Google Square, Dependabot, Walmart Uber, Zuegel, GitHub Sponsors, Gray Baker, Dana Lawson


New York is finally catching up to the rest of the world and moving away from its iconic MetroCard. But there's one glaring problem with the replacement. (JPM, V)

The New York City subway will soon have something much of the world has had for years: tap-to-pay fares. The new OMNY system will debut on May 31, and roll out to the entire system by 2021. Despite its ease of use, most Americans don't have contactless cards yet. Visa and Chase are trying to change that. Americans who have travelled abroad have likely gotten a taste of what transportation could be like. In London, for example, a simple tap — of an Oyster card or your credit card — gets you th...
Tags: New York, London, New York City, US, Trends, United States, Mta, Chase, Visa, Dan Sanford Visa, Hong Kong Singapore Santiago Chile, Abeer Bhatia, Card Marketing Pricing and Innovation at Chase, OMNY, North America New York


Vista Equity Partners lines up binding bid for Kantar: Reuters

LONDON, May 22 (Reuters) – Private equity fund Vista Equity Partners has emerged as one of four U.S. bidders vying for a majority stake in WPP’s data analytics firm Kantar, two sources close to the deal told Reuters. The world’s biggest advertising company and its adviser Goldman Sachs are hoping to wrap up the process in late June and have given Vista access to Kantar’s books to carry out due diligence checks, the sources said. Vista, whose private-equity portfolio comprises of mostly software ...
Tags: London, Trends, Tech, Vista, Goldman Sachs, Kantar, WPP, Reuters, Vista Equity Partners, PE Deals, Apptio, Mark Read, Reuters The world, Bain Capital Apollo, Kantar Kantar


Salesforce has a new $125 million fund to bet on one of the hottest investment areas right now (CRM)

Salesforce is the $121 billion enterprise gorilla that pioneered delivering software over the internet. Its corporate venture arm, Salesforce Ventures, has just raised its second fund in Europe to invest in enterprise software companies in Europe and Israel. Software-as-a-service, the model essentially invented by Salesforce, is beloved by startup investors in Europe and one of the hottest investment areas right now. Partner Alex Kayyal said European tech is evolving away from consumer-oriente...
Tags: Amazon, Europe, London, US, Trends, Anaplan, Salesforce, Google Ventures, Skype, Adyen, Salesforce Ventures, Unbabel, Samsung Galaxy, Vonage, Alex Kayyal, Israel Software


Boom wants to build a supersonic jet for mainstream passengers; here’s its game plan

While much of the world remains fixated on the competition to build autonomous cars, there’s another race that’s gaining momentum fast. It centers on supersonic jets that can fly faster than the speed of sound, or 767 miles per hour. Indeed, while most commercial airliners today fly at between 400 and 650 miles per hour — largely because it’s more economical to burn fuel more slowly — a spate of startups is borrowing from the age of the legendary Concorde to build planes that they say will fly a...
Tags: Amazon, TC, Transportation, Y Combinator, New York, London, Wikipedia, Boston, Groupon, Tech, Atlanta, Shanghai, Venture Capital, Tokyo, Virgin Group, Boom


How to properly clean any iPhone model without damaging your device

If your iPhone comes into contact with liquid, dirt, dust, grease, chemicals, or other substances, time is of the essence in cleaning it. Apple does not recommend the use of any cleaning products, which may cause your phone more damage than they do good. iPhone 7 and later models are water- and dust-resistant, so in most cases a spill or splash won't cause much damage, but you should still dry your phone quickly. Visit Business Insider's homepage for more stories. Your iPhone is probably not...
Tags: Apple, London, Trends


Lloyd's of London plans to merge governance bodies - source

Lloyd's of London is proposing merging two of its governance bodies, the council and the board which together oversee the insurance market, to reduce overlap, a source familiar with the matter said.
Tags: London, Money, businessNews, Lloyd


The Latest: Brexit: Senior Cabinet official quits UK govt

The Latest on Brexit (all times local): 7:55 p.m.
Tags: UK, London, Finance, Article, Associated Press, Brexit, FBN, Fbn/markets, Fox-business/markets, 28be14da-a1c8-58b1-9631-05af81683236


Canopy Growth acquires Tengram-backed This Works for C$74 mln

Canopy Growth Corp has acquired This Works Ltd, a London, U.K.-based provider of natural skincare and sleep solution products. The all-cash deal was valued at C$73.8 million. This Works CEO Anna Persaud will continue to lead the company. Canopy Growth, a Smith Falls, Ontario-based cannabis, hemp and cannabis device business, said the acquisition facilitates its entry into the natural wellness industry and expands its global presence. This Works was backed by Tengram Capital Partners, a U.S. cons...
Tags: Europe, London, Trends, European Union, Canada, United States, United Kingdom, M&a, Company, London England, Canopy Growth Corp, CGC, Persaud, Bruce Linton, Tengram, Tengram Capital Partners


Amazon just won the battle over whether it can sell its controversial facial recognition technology to the government (AMZN)

Two shareholder proposals about Amazon's controversial facial recognition technology were voted down at the company's shareholder meeting on Wednesday. One proposal would have prevented the Seattle tech giant from selling the software to government agencies. The decision comes after civil rights advocates vocally opposed their opposition to government use of the technology. Visit Business Insider's homepage for more stories.  Two proposals concerning Amazon's controversial facial recognition ...
Tags: Amazon, London, Congress, Trends, Aclu, SEC, Harry, Sky News, Jeff Bezos, Seattle, American Civil Liberties Union, Bezos, AMZN, MEGHAN MARKLE, Rekognition


TransferWise closes $292 million secondary funding round at $3.5 billion valuation: Reuters

Money transfer startup TransferWise has closed a $292 million secondary funding round which doubles its valuation to $3.5 billion, the company said on Wednesday. The round was led by growth capital investors Lead Edge Capital, Lone Pine Capital and Vitruvian Partners, TransferWise said. Existing investors including Baillie Gifford and Andreessen Horowitz expanded their holdings in the company and some of the investment came from funds managed by BlackRock Inc, the London-based company said. Tran...
Tags: Europe, London, Trends, Paypal, Andreessen Horowitz, Baillie Gifford, Transferwise, Reuters, BlackRock Inc, VC Deals, Käärmann, Kristo Käärmann TransferWise, Lead Edge Capital Lone Pine Capital, Vitruvian Partners TransferWise, Sir Richard Branson Valar Ventures


Loot, the UK digital current account for students and millennials, enters administration after a potential sale falls through

Loot, the digital current account aimed at students and millennials, has called in administrators after appearing to have run out of cash. According to sources, the U.K. fintech was unable to raise additional funding in time after a potential sale to banking giant RBS fell through. Intriguingly, Royal Bank of Scotland Group indirectly owned a 25 percent stake in Loot via an investment by Bó, the digital-only retail bank being developed by RBS subsidiary NatWest. RBS announced that Bó had inve...
Tags: Startups, TC, Europe, UK, London, Tech, Fca, Rbs, Mastercard, Gfc, Bo, NatWest RBS, RBS NatWest, U K Fintech, Loot, Ollie Purdue


How this 30-year-old raised $60 million for a VR firm that wants to transform the way you experience live music

Anthony Matchett is CEO and cofounder of MelodyVR, a software company that lets people experience live music in virtual reality. The listed company has raised $60 million and collaborated with hundreds of artists including Wiz Khalifa, Liam Payne, Bebe Rexha, and Imagine Dragons. Matchett spoke to Business Insider about the challenges he faced in the company's early days, its current status in the music industry, and its potential for covering live sports. Visit BusinessInsider.com for more st...
Tags: Facebook, England, London, La, Samsung, Trends, CMO, Sony, West Coast, Hastings, Orbis, Business Insider Intelligence, Bebe Rexha, Facebook They, Anthony Matchett, Matchett


Fake news changes shape as EU heads into elections

LONDON (AP) — Fake news has evolved beyond the playbook used by Russian trolls in the U.S. election. As the European Union gears up for a crucial election, it is mostly homegrown groups rather than foreign powers that are taking to social media to push false information and extremist messages, experts say. And private and […]
Tags: Business, Technology, London, News, Eu, European Union, Ap, Nation


North-South divide in house prices

Property values fell by 1.9% in London in the year to March, but rose by 3.6% in Yorkshire and Humberside.
Tags: Business, London, Yorkshire


Pret A Manger buys rival EAT to attract more vegans, vegetarians: Reuters

(Reuters) – British sandwich and coffee shop chain Pret A Manger said on Wednesday it had acquired smaller rival EAT, looking to capitalize the thriving vegan and vegetarian market. Pret, bought by Luxembourg-based JAB Holdings last year, said it plans to convert most of EAT shops into “Veggie Prets” stores, that primarily caters to more health-conscious food enthusiasts who prefer plant-based meals over meat. The first Veggie Pret was opened in 2016 and has expanded to three further locations a...
Tags: London, Trends, Manchester, M&a, Luxembourg, Reuters, Manger, JAB Holdings, Clive Schlee, Consumer/Retail


Gore’s Generation Investment Management Fund III raises $1 bln

Generation Investment Management LLP said May 21 that its third sustainable solutions fund closed on $1 billion. Generational Fund III will make minority investments of $50 million to $150 million in companies with high-growth potential. Generational Investment Management is the firm founded by Al Gore, former vice president of the U.S. PRESS RELEASE London and San Francisco, May 21, 2019 – Generation Investment Management LLP, the dedicated sustainable investment firm with approximately $22 bil...
Tags: UK, London, Africa, US, San Francisco, Trends, United Kingdom, Financial Conduct Authority, SEC, Funds, Fund, Gore, Al Gore, U S Securities and Exchange Commission, Generation Investment Management LLP, Growth Equity


UK mobile operators suspend launch of Huawei 5G phones

LONDON (AP) — Two British mobile phone companies say they’re putting on hold plans to sell new 5G mobile phones from China’s Huawei. EE and Vodafone said Wednesday they are pausing the launch of Huawei smartphones that can be used on next generation mobile networks. The companies said they are holding off amid uncertainty about […]
Tags: Business, UK, Technology, London, News, China, Ap, Nation, Vodafone, Huawei, Huawei EE


British Steel collapses, threatening thousands of jobs

Britain's Insolvency Service says British Steel has been ordered into compulsory liquidation after talks with the government failed to secure a bailout.
Tags: London, Finance, Article, Britain, Associated Press, FBN, British Steel, Fbn/markets, Fox-business/markets, Fox-business/economic-indicators, Fox-business/politics, Insolvency Service, Fox-business/features, Dda5ff6f-88c4-57e5-9ee6-68cc0827ab63


UK's May under fire after lawmakers reject Brexit offer

British Prime Minister Theresa May is under pressure to scrap a planned vote on her Brexit blueprint, after her attempt at compromise got the thumbs-down from her own party and the opposition.
Tags: UK, London, Finance, Article, Theresa May, Associated Press, FBN, Fbn/markets, Fox-business/markets, D32402f2-fad2-502d-984a-2bbc694f2520



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