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Evening Standard
London is ‘fintech capital of the world,’ Deputy Mayor says
The Deputy Mayor for Business has hailed London as the “fintech capital of the world” but warned the capital must “remain open” to continue to thrive as tech investors gather in the Square Mile for a two-day conference to mark Fintech Week London.“London is truly the fintech capital of the world – we’ve got over …
Business
Evening Standard
Twitter takes Musk to task as $44bn takeover row escalates
Social media giant Twitter has fought back against Tesla founder Elon Musk over his decision to abandon his $44 billion takeover deal, saying it would take legal action to close the deal.In a letter to Musk filed last night, Twitter representatives said Musk’s decision was “invalid and wrongful.”“Twitter demands that Mr. Musk and the other …
Business
Business Live
Wizz Air reducing capacity at its Cardiff Airport base
Wizz Air is reducing summer flights to the Greek resort of Heraklion from Cardiff Airport as part of a reduction in its overall capacity. The Hungarian airline, which is listed on the London Stock Exchange, said it is trimming capacity by another 5% as part of efforts to avoid flight cancellations and delays. Mounting disruption …
Business
Business Live
Gleeson on recruitment drive in £1.2m Birmingham expansion
A recruitment agency has invested £1.2 million into its Birmingham operation which is creating 60 new jobs in the city. Gleeson Recruitment Group has expanded its head office in Newhall Street by 6,310 sq ft and launched the fresh recruitment drive to add to its 100-strong team in the city centre. The new office space …
Business
Business Live
Connexin swoops for fellow Hull broadband firm Wisper
Hull-based digital infrastructure specialist Connexin has bought out fellow city firm Wisper Broadband. The undisclosed deal comes as the heavily invested business continues to grow its fibre offering in the region. It will see Connexin welcome thousands of new customers to its network, with the acquisition bolstering its challenger status in the city. Read more:Navigation …
Business
Business Live
Manchester City net ‘more than $20m’ with new kit deal
Manchester City have named a cryptocurrency platform as their new training kit partner in a deal said to be worth more than $20m. OKX has signed up for the season after previously been announced as the Premier League champion’s cryptocurrency exchange partner in March. The agreement will see OKX featured across the training kit of …
Business
Business Live
Cost of living crisis sees South West confidence hit two-year low
South West business confidence has hit lows not seen since the start of the first national Covid lockdown according to a new report, with firms indicating they have been impacted by the cost of living crisis. The region’s private sector saw a further slowdown in business activity last month, the latest NatWest PMI found, with …
Business
Evening Standard
Go-Ahead stays on revenue track as passengers return
Go-Ahead the operator of the capital’s Thameslink service has given further signals that the transport sector could be pulling away from the post-Covid station and bouncing back to normality.In a yearly trading update to the beginning of this month the train and bus operator said that it expected its rail revenues to fall in line with its …
Business
Sky News
Rail strikes set to return after drivers at eight companies back walkouts
Train drivers have voted overwhelmingly to strike over pay, increasing the threat of more disruption to rail services this summer.Members of the drivers union Aslef at eight train companies have backed industrial action. Aslef members at Chiltern, LNER, Northern, TransPennine Express, Arriva Rail London, Great Western, Southeastern and West Midlands Trains voted by around 9-1 …
Business
Sky News
Heathrow cancels flights affecting 10,000 travellers on Monday and warns of more to come
Heathrow ordered the cancellation of 61 flights on Monday, affecting 10,000 passengers – and warned of more to come this summer.The flights were axed because the airport said it did not have enough capacity to handle expected passenger numbers. Airlines were asked not to rebook affected travellers on to alternative flights on Monday.Problems with the …
Business
Sky News
Uber flouted laws, duped police, exploited violence against drivers and secretly lobbied govts – leaked files reveal
Uber lobbied officials to drop investigations, used a “kill switch” to thwart law enforcement and considered exploiting violence against its drivers to gain public sympathy as it aggressively expanded into global markets, according to analysis of a leaked batch of confidential documents.The International Consortium of Investigative Journalists (ICIJ) scoured more than 124,000 documents – including …
Business
Sky News
Canadian pension fund backs $5.8bn ‘buy now pay later’ giant Klarna
Klarna, the buy-now-pay-later credit provider, is close to unveiling an $800m fundraising at a valuation of less than $6bn, echoing deteriorating public market sentiment towards technology companies.Sky News has learnt that Klarna, which is based in Sweden, is expected to announce as soon as this week that it has secured the funding from existing investors …

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