Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment

British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday. U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data firm Dealroom showed. Last year, U.K. start-ups raised $2.9 billion from American and Asian investors. Including domestic sources of cash, $6.7 bil


British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday. U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data firm Dealroom showed. Last year, U.K. start-ups raised $2.9 billion from American and Asian investors. Including domestic sources of cash, $6.7 bil
Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: ryan browne
Keywords: news, cnbc, companies, investment, asian, record, foreign, score, likes, help, million, startups, uk, venture, funding, tech, start, huge, billion, nation


Huge deals from the likes of Amazon help UK tech start-ups score record foreign investment

British technology start-ups have attracted more foreign investment since the start of the year than they did throughout all of 2018, according to fresh figures published Wednesday.

U.S. and Asian venture capital investors poured $3.7 billion into U.K. tech companies in the first seven months of 2019, research from industry group Tech Nation and data firm Dealroom showed. Last year, U.K. start-ups raised $2.9 billion from American and Asian investors.

The eye-watering sum was boosted by nine-figure deals from capital-rich companies like Amazon and SoftBank. In May, Amazon led a $575 million funding round for Deliveroo — although that was hit with a warning from the U.K. competition regulator — while SoftBank’s notable U.K. investments include $800 million for Greensill and $390 million for OakNorth.

Including domestic sources of cash, $6.7 billion has been invested into private British tech firms overall in 2019, Tech Nation said, adding that figure could rise to a record $11 billion by the end of the year. The organization said U.S. corporate venture capital funding for U.K. start-ups has risen by 3% in the last six years, while Asian corporate funding is up 20%.

“It’s evidence for us that there’s growing interest for emerging technologies that are gaining a lot of traction in the U.K. from foreign investors,” George Windsor, Tech Nation’s head of insights, told CNBC in a phone interview. “This shows us the U.K. is continuing to perform strongly on the global stage, and for us this is just the start.”


Company: cnbc, Activity: cnbc, Date: 2019-08-20  Authors: ryan browne
Keywords: news, cnbc, companies, investment, asian, record, foreign, score, likes, help, million, startups, uk, venture, funding, tech, start, huge, billion, nation


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The risk of a no-deal Brexit is not negligible, says DBS

The risk of a no-deal Brexit is not negligible, says DBS4 Hours AgoPhilip Wee of DBS says the British pound could move toward a $1.15 to $1.20 range. He also says the political hurdles to a no-deal Brexit are “not small,” but acknowledges this is the first time the U.K. prime minister is a hardliner.


The risk of a no-deal Brexit is not negligible, says DBS4 Hours AgoPhilip Wee of DBS says the British pound could move toward a $1.15 to $1.20 range. He also says the political hurdles to a no-deal Brexit are “not small,” but acknowledges this is the first time the U.K. prime minister is a hardliner.
The risk of a no-deal Brexit is not negligible, says DBS Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14
Keywords: news, cnbc, companies, wee, negligible, brexit, uk, political, dbs, small, prime, risk, pound, range, nodeal


The risk of a no-deal Brexit is not negligible, says DBS

The risk of a no-deal Brexit is not negligible, says DBS

4 Hours Ago

Philip Wee of DBS says the British pound could move toward a $1.15 to $1.20 range. He also says the political hurdles to a no-deal Brexit are “not small,” but acknowledges this is the first time the U.K. prime minister is a hardliner.


Company: cnbc, Activity: cnbc, Date: 2019-08-14
Keywords: news, cnbc, companies, wee, negligible, brexit, uk, political, dbs, small, prime, risk, pound, range, nodeal


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UK lender trials voice banking with Google Home

NatWest is trialing voice banking in the U.K. using the Google Assistant via Google Home smart speakers or a smartphone. The system will have to be set up using a customer’s online banking PIN and password, NatWest added. The person making the payment, as well as the recipient, must also use Paym, a mobile payment system offered by 15 banks and building societies. In the U.K., 48% of adults used a mobile banking system in 2018, according to a recent report from U.K. Finance. The U.K. Payment Mar


NatWest is trialing voice banking in the U.K. using the Google Assistant via Google Home smart speakers or a smartphone. The system will have to be set up using a customer’s online banking PIN and password, NatWest added. The person making the payment, as well as the recipient, must also use Paym, a mobile payment system offered by 15 banks and building societies. In the U.K., 48% of adults used a mobile banking system in 2018, according to a recent report from U.K. Finance. The U.K. Payment Mar
UK lender trials voice banking with Google Home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: anmar frangoul
Keywords: news, cnbc, companies, banking, trials, customers, bank, google, mobile, need, system, voice, uk, lender, using, payment


UK lender trials voice banking with Google Home

NatWest is trialing voice banking in the U.K. using the Google Assistant via Google Home smart speakers or a smartphone.

The three-month pilot will involve 500 customers, according to the bank, which is a member of the RBS Group. They will be able to ask questions about their account balance and recent transactions and will receive a verbal response, with information also appearing on a smartphone screen.

The system will have to be set up using a customer’s online banking PIN and password, NatWest added. They will also need to give a “partial voice PIN” in order to get access to it.

“We are exploring voice banking for the first time and think it could mark the beginning of a major change to how customers manage their finances in the same way mobile banking made a huge impact,” Kristen Bennie, NatWest’s head of Open Experience, said in a statement Monday.

“This technology will make it easier for people to bank with us and could bring particular benefits to those who have a disability, as voice banking eliminates the need for customers to use a screen or keyboard,” Bennie added.

Slowly but surely, innovative technologies that use the voice as a means of carrying out transactions are being introduced to the banking sector.

In 2018, for instance, First Direct — which is a division of HSBC U.K. Bank — launched a service which enabled its customers to make payments with their voice using Apple’s virtual assistant Siri.

In order to authenticate the payment, users need to confirm their identity using Apple’s Face ID or Touch ID. The person making the payment, as well as the recipient, must also use Paym, a mobile payment system offered by 15 banks and building societies.

The banking sector as a whole is experiencing a host of changes driven by technology. In the U.K., 48% of adults used a mobile banking system in 2018, according to a recent report from U.K. Finance.

The U.K. Payment Market report also found that 2 billion bank payments were made using mobile or online banking in 2018, compared to 1.6 billion in 2017.


Company: cnbc, Activity: cnbc, Date: 2019-08-12  Authors: anmar frangoul
Keywords: news, cnbc, companies, banking, trials, customers, bank, google, mobile, need, system, voice, uk, lender, using, payment


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Power restored after outages hit London and other parts of U.K.

Travellers watch the announcement boards in Euston rail station during the busy morning rush hour on August 09, 2019 in London, England. The train network was hit by major delays yesterday after all services out of London Euston were suspended due to a signal failure. Leon Neal | Getty Images


Travellers watch the announcement boards in Euston rail station during the busy morning rush hour on August 09, 2019 in London, England. The train network was hit by major delays yesterday after all services out of London Euston were suspended due to a signal failure. Leon Neal | Getty Images
Power restored after outages hit London and other parts of U.K. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: mallika mitra, grace shao
Keywords: news, cnbc, companies, train, power, yesterday, suspended, london, euston, travellers, restored, station, signal, services, parts, outages, uk, hit, watch


Power restored after outages hit London and other parts of U.K.

Travellers watch the announcement boards in Euston rail station during the busy morning rush hour on August 09, 2019 in London, England. The train network was hit by major delays yesterday after all services out of London Euston were suspended due to a signal failure.

Leon Neal | Getty Images


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: mallika mitra, grace shao
Keywords: news, cnbc, companies, train, power, yesterday, suspended, london, euston, travellers, restored, station, signal, services, parts, outages, uk, hit, watch


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Skeptical about a US-UK trade deal, strategist says

Skeptical about a US-UK trade deal, strategist says3 Hours AgoAndrew Sheets, chief cross-asset strategist at Morgan Stanley, outlines the obstacles and limitations that could prohibit a trade deal between the U.K. and the United States.


Skeptical about a US-UK trade deal, strategist says3 Hours AgoAndrew Sheets, chief cross-asset strategist at Morgan Stanley, outlines the obstacles and limitations that could prohibit a trade deal between the U.K. and the United States.
Skeptical about a US-UK trade deal, strategist says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09
Keywords: news, cnbc, companies, states, usuk, skeptical, uk, united, stanley, trade, sheets, deal, strategist


Skeptical about a US-UK trade deal, strategist says

Skeptical about a US-UK trade deal, strategist says

3 Hours Ago

Andrew Sheets, chief cross-asset strategist at Morgan Stanley, outlines the obstacles and limitations that could prohibit a trade deal between the U.K. and the United States.


Company: cnbc, Activity: cnbc, Date: 2019-08-09
Keywords: news, cnbc, companies, states, usuk, skeptical, uk, united, stanley, trade, sheets, deal, strategist


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Robinhood gets approval to launch its popular investing app in the UK

In this photo illustration a Robinhood Markets logo seen displayed on a smartphone. Robinhood is set to bring its popular zero-fee stock trading app to Britain. The company announced Thursday that its international subsidiary had been granted broker authorization from the Financial Conduct Authority, the U.K.’s financial services watchdog. The California-based firm has a stated mission to “democratize” finance, and has proved popular with younger investors in particular. Recently valued by inves


In this photo illustration a Robinhood Markets logo seen displayed on a smartphone. Robinhood is set to bring its popular zero-fee stock trading app to Britain. The company announced Thursday that its international subsidiary had been granted broker authorization from the Financial Conduct Authority, the U.K.’s financial services watchdog. The California-based firm has a stated mission to “democratize” finance, and has proved popular with younger investors in particular. Recently valued by inves
Robinhood gets approval to launch its popular investing app in the UK Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: ryan browne
Keywords: news, cnbc, companies, financial, company, investors, international, launch, uk, gets, app, younger, zerofee, wander, popular, robinhood, watchdogthat, investing, approval


Robinhood gets approval to launch its popular investing app in the UK

In this photo illustration a Robinhood Markets logo seen displayed on a smartphone.

Robinhood is set to bring its popular zero-fee stock trading app to Britain.

The company announced Thursday that its international subsidiary had been granted broker authorization from the Financial Conduct Authority, the U.K.’s financial services watchdog.

That means it can now launch its product in the country, and Robinhood says it has been building out a team in London led by former TransferWise executive Wander Rutgers.

“Today marks the beginning of a new chapter for Robinhood, and we’re excited to take the first important step towards bringing our investing platform to customers in the U.K.,” Rutgers, Robinhood’s president of International, said in a statement.

The California-based firm has a stated mission to “democratize” finance, and has proved popular with younger investors in particular. Recently valued by investors at $7.6 billion, the six-year-old company claims to have 6 million users in total.


Company: cnbc, Activity: cnbc, Date: 2019-08-08  Authors: ryan browne
Keywords: news, cnbc, companies, financial, company, investors, international, launch, uk, gets, app, younger, zerofee, wander, popular, robinhood, watchdogthat, investing, approval


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The UK, EU are like two trains ‘heading towards each other’

The UK, EU are like two trains ‘heading towards each other’14 Hours AgoPhil Radford, a contributor at BrexitCentral, says a no-deal Brexit is looking “highly probable” because the U.K. and EU have “fundamentally contradictory” objectives when it comes to Brexit.


The UK, EU are like two trains ‘heading towards each other’14 Hours AgoPhil Radford, a contributor at BrexitCentral, says a no-deal Brexit is looking “highly probable” because the U.K. and EU have “fundamentally contradictory” objectives when it comes to Brexit.
The UK, EU are like two trains ‘heading towards each other’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-07
Keywords: news, cnbc, companies, uk, brexit, trains, objectives, radford, probable, looking, eu, nodeal, other14, heading


The UK, EU are like two trains 'heading towards each other'

The UK, EU are like two trains ‘heading towards each other’

14 Hours Ago

Phil Radford, a contributor at BrexitCentral, says a no-deal Brexit is looking “highly probable” because the U.K. and EU have “fundamentally contradictory” objectives when it comes to Brexit.


Company: cnbc, Activity: cnbc, Date: 2019-08-07
Keywords: news, cnbc, companies, uk, brexit, trains, objectives, radford, probable, looking, eu, nodeal, other14, heading


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‘No-deal’ Brexit chances rise as EU reportedly claims the UK has no other plan

The prospect of the U.K. leaving the European Union without any agreement or a framework for future relations looks increasingly likely. Reports in U.K. media suggest that a meeting between senior EU and U.K. diplomats has left Brussels with the firm impression that a no-deal Brexit is now the “central scenario” of the new U.K. Prime Minister Boris Johnson. The Bank of England has said if the U.K. does leave with no plan, there is a one-in-three chance of a U.K. recession. The spokesperson claim


The prospect of the U.K. leaving the European Union without any agreement or a framework for future relations looks increasingly likely. Reports in U.K. media suggest that a meeting between senior EU and U.K. diplomats has left Brussels with the firm impression that a no-deal Brexit is now the “central scenario” of the new U.K. Prime Minister Boris Johnson. The Bank of England has said if the U.K. does leave with no plan, there is a one-in-three chance of a U.K. recession. The spokesperson claim
‘No-deal’ Brexit chances rise as EU reportedly claims the UK has no other plan Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: david reid
Keywords: news, cnbc, companies, britain, backstop, ready, eu, uk, claims, union, willing, spokesperson, deal, nodeal, plan, reportedly, chances, brexit, ireland, rise


'No-deal' Brexit chances rise as EU reportedly claims the UK has no other plan

An anti-Brexit activist flies an EU flag during a demonstration outside of the Houses of Parliament in London on February 28, 2019.

The prospect of the U.K. leaving the European Union without any agreement or a framework for future relations looks increasingly likely.

Reports in U.K. media suggest that a meeting between senior EU and U.K. diplomats has left Brussels with the firm impression that a no-deal Brexit is now the “central scenario” of the new U.K. Prime Minister Boris Johnson.

Sterling has slipped in value over recent weeks in response to the fresh assertive line coming from Downing Street, sitting near two-year lows at around 1.22 versus the dollar.

Johnson sent his envoy to Brussels last week with the specific message that unless European officials ditch their commitment to the Irish backstop, then Britain will leave without any deal. The Bank of England has said if the U.K. does leave with no plan, there is a one-in-three chance of a U.K. recession.

The backstop is an arrangement designed to ensure no hard border is erected on the island of Ireland between the Republic of Ireland and Northern Ireland. Both sides of the debate have insisted they will not build border infrastructure but euroskeptic lawmakers in the U.K. are against any backstop, claiming it would keep Britain perpetually tied to a customs union with the EU.

On Tuesday, a U.K. government spokesperson, speaking to reporters on the condition of anonymity, suggested that Britain remained ready and willing to do a deal with Europe before the deadline of October 31.

The spokesperson claimed it was “sad” that Europe would not enter into fresh negotiations and that the U.K. government was “ready and willing” to talk.

Prior to those comments, The Guardian newspaper reported that EU officials don’t believe the U.K. realistically wants to explore any new deal, claiming that Britain “does not have another plan.”


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: david reid
Keywords: news, cnbc, companies, britain, backstop, ready, eu, uk, claims, union, willing, spokesperson, deal, nodeal, plan, reportedly, chances, brexit, ireland, rise


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Walgreens to close 200 US stores

Walgreens plans to shutter 200 stores in the U.S. as the company pares back its locations in the U.K., the company said Tuesday. Parent company Walgreens Boots Alliance earlier this year announced plans to shutter 200 stores in the U.K. and review its U.S. footprint. The new store closures represent less than 3% of its 10,000 locations in the U.S., Walgreens said in a statement, adding that it anticipates “minimal disruption to customers and patients.” Walgreens said it hopes to save $1.5 billio


Walgreens plans to shutter 200 stores in the U.S. as the company pares back its locations in the U.K., the company said Tuesday. Parent company Walgreens Boots Alliance earlier this year announced plans to shutter 200 stores in the U.K. and review its U.S. footprint. The new store closures represent less than 3% of its 10,000 locations in the U.S., Walgreens said in a statement, adding that it anticipates “minimal disruption to customers and patients.” Walgreens said it hopes to save $1.5 billio
Walgreens to close 200 US stores Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: angelica lavito
Keywords: news, cnbc, companies, anticipates, plans, 200, walgreens, billion, locations, stores, company, uk, close, shutter


Walgreens to close 200 US stores

Walgreens plans to shutter 200 stores in the U.S. as the company pares back its locations in the U.K., the company said Tuesday.

Parent company Walgreens Boots Alliance earlier this year announced plans to shutter 200 stores in the U.K. and review its U.S. footprint.

The new store closures represent less than 3% of its 10,000 locations in the U.S., Walgreens said in a statement, adding that it anticipates “minimal disruption to customers and patients.” It said it anticipates retaining “the majority” of employees in other nearby locations.

Walgreens said it hopes to save $1.5 billion in annual expenses by fiscal 2022 in what it’s calling the “transformational cost management program.” Walgreens expects to record a $1.9 billion to $2.4 billion earnings hit related to real estate, severance and other costs, it said in a regulatory filing.


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: angelica lavito
Keywords: news, cnbc, companies, anticipates, plans, 200, walgreens, billion, locations, stores, company, uk, close, shutter


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Pro-EU Lib Dems gain another seat in UK Parliament

Pro-EU Lib Dems gain another seat in UK Parliament15 Hours AgoCNBC’s Willem Marx runs through what you need to know about the latest political news out of the U.K.


Pro-EU Lib Dems gain another seat in UK Parliament15 Hours AgoCNBC’s Willem Marx runs through what you need to know about the latest political news out of the U.K.
Pro-EU Lib Dems gain another seat in UK Parliament Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-02
Keywords: news, cnbc, companies, seat, dems, willem, need, runs, political, lib, marx, uk, parliament15, parliament, gain, proeu


Pro-EU Lib Dems gain another seat in UK Parliament

Pro-EU Lib Dems gain another seat in UK Parliament

15 Hours Ago

CNBC’s Willem Marx runs through what you need to know about the latest political news out of the U.K.


Company: cnbc, Activity: cnbc, Date: 2019-08-02
Keywords: news, cnbc, companies, seat, dems, willem, need, runs, political, lib, marx, uk, parliament15, parliament, gain, proeu


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