Britain’s largest software group by sales, Sage, is looking for a buyer for its North American payments business as part of a turnaround strategy. Sage specializes in accounting and payroll software for clients in more than 20 countries. In a brief statement last week, Sage confirmed it...
London’s tech leaders are concerned about what the city’s future as an international finance hub will be in a post-Brexit world — and are officially looking for answers from Prime Minster Theresa May’s government. Nine leading U.K.-based tech investors and business leaders wrote to May looking...
Even while the U.S. is seeing a resurgence of sorts in initial public offerings, Europe may be seeing a bit of a slide. Reuters reported on Tuesday (Oct. 11) that two European companies have scuttled their intentions to come public, citing the oft-repeated refrain (by other...
Just over three months since Brexit, and the world is starting to see how it’s affected Britain and its economy. Some examples are too micro to overlook. Reuters reported that a British metalworking firm, Robert Bion & Co., planned to install a three-meter robotic arm,...
Lydia — a French P2P payments start-up — has grabbed $7.8 million for expansion in other European countries. The service is designed to allow fee-free transfers between friends via mobile. Thus far Lydia has been limited to in-country use only — “French Venmo,” as the service is...
Seventy-five percent of British bosses are debating whether to shuffle their companies out of the country. That’s according to a survey of 100 U.K. chief executives, published by KPMG today (Sept. 26). This comes after the June 23 “Brexit” vote, stirring uncertainty. Eighty-six percent of...
The impact of the U.K.’s historic vote to leave the European Union on the U.K. economy is still anyone’s guess, but U.K. importers are already feeling the pain. That’s according to Covercy, a cross-border business payments service, which said in a press release on Friday (Sept....
London has long been one of the world’s biggest financial services cities, and in the post-EU era, that status has only become more cemented as the U.K. capitol also became the logical starting point for any number of firms looking to do business in the...
After five years of development, the Bank of England will be crossing a major milestone today (Sept. 13) when it comes to U.K. currency. Starting today, U.K. citizens will be getting their hands on the first polymer £5 notes issued by the Bank of England....
