The group behind Lebanese restaurants Comptoir Libanais and Yalla Yalla has reported losses of £1.6m, following what bosses describe as a year of “erratic” footfall and soaring costs. Comptoir Group, …
Financial Planning
One dead and many injured after severe turbulence on Singapore Airlines flight from London Heathrow
At least one person has died and many others were injured after severe turbulence hit a Singapore bound flight from London. The Singapore Airlines flight was forced into an emergency …
HSBC: Yet another investment bank says ‘buy Britain’
HSBC has joined the long list of investment banks arguing that British stocks are undervalued. The bank has raised its view of UK equities to ‘overweight,’ advising its clients to …
Based in an old Bermondsey biscuit factory, this London cancer drug firm just raised millions
UK drug discovery company Labgenius has raised £35m in a series B funding round as it looks to ramp up its cancer treatment product pipeline. Labgenius, which is based in …
Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR
London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its product development and expansion in the US. The Series C round was led by Wall Street …
Court of Appeal denies Tom Hayes’ Supreme Court bid, but leaves door open
Former Libor trader Tom Hayes‘ application to take his case to the highest court in the land was denied by the Court of Appeal on Tuesday morning. Permission to appeal …
Payments regulator slams Visa and Mastercard for merchant fee hikes but forgoes price caps
The UK payments regulator has said there is “little evidence” that fee hikes by Visa and Mastercard on retailers have majorly improved the quality of service in a scathing report …
Cazoo braces for collapse into administration as rescue deadline expires
Cazoo is expected to collapse into administration later on Tuesday after a deadline to find a rescue deal expired. The London-headquartered online car retailer, which is listed in New York, …
Ocado: Marks and Spencer-linked grocer is fastest-growing for third straight month
Ocado has maintained its position as the fastest growing grocer for the third month in a row, as efforts to cut prices continue to pay off. The M&S linked food …
England prop Kyle Sinckler named in Barbarians team for Fiji clash at Twickenham
British and Irish Lions prop Kyle Sinckler will join former England colleagues Danny Care and Ben Youngs in the Barbarians team for next month’s Killik Cup match with Fiji at …