Starling Bank will on Monday unveil the biggest fundraising in its seven-year history when it announces that it has secured more than £270m from investors including one of the world's biggest sovereign wealth funds. Sky News has learnt that the digital challenger bank will confirm that its latest share sale will exceed expectations, bringing in significantly more than the anticipated £200m. City sources said on Sunday evening that the fundraising had taken place at a pre-money valuation of £1.1bn, confirming Starling's status as the newest British banking "unicorn". The funding round is being led by Fidelity Management & Research (FMR), one of the world's biggest asset managers. Insiders added that the Qatar Investment Authority, Railpen - which manages the £31bn Railways Pension Scheme - and the hedge fund Millennium Management were all acquiring stakes as well. Advertisement The roster of blue-chip investors will be perceived as a boost to … [Read more...] about Starling Bank swoops in £270m share sale to global investors
Purchasing software for small business
BRITS aged between 56 and 59 have been invited to receive their coronavirus vaccine as the rollout goes from strength to strength. It comes as Gavin Williamson admitted this morning that ministers are "looking at" a longer school day and shorter holidays to make up for lost education due to the pandemic . Hundreds of thousands of letters for the over 56 age group began landing on doorsteps today, Public Health England have said. Meanwhile, Professor Sharon Peacock, head of the Covid-19 Genomics UK scientific body, told The Times she was "very optimistic" that the immunisation programme would continue to be effective. It comes as a minister predicted that all adults could receive the jab by June should the vaccine rollout continue at its current pace. Kwasi Kwarteng, the business secretary, told The Times it was “possible” that all adults could be offered vaccines by June. Follow our coronavirus live blog below for the very latest news and updates on the … [Read more...] about Coronavirus news UK – Over-56s invited for vaccine and ministers ‘looking at’ longer school day & shorter holidays
Chancellor Rishi Sunak delivered hope to millions of house buyers today as he announced a stamp duty holiday extension alongside new 95% mortgages for buyers. The new mortgage guarantee scheme, first confirmed last week, will help raise home ownership numbers from April, the Chancellor said. Sunak confirmed the news in the Commons earlier amid a record low in 95% mortgages. Right now, there are just eight products on the market, with banks pulling the 'risky' loans since the start of the pandemic. But there are already fears that the new scheme - designed primarily to help first-time buyers get onto the ladder - will lead to a surge in demand and rising house prices, putting properties further out of reach for many. "This is a policy that gives people who can't afford a big deposit the chance to buy their own home," Sunak told MPs. "As the prime minister has said, we want to turn generation rent into generation buy. "Lenders who provide mortgages to homebuyers who can only … [Read more...] about Budget 2021: Return of 95% mortgages confirmed – but fears raised of ‘hidden cost’
SET off for your camping trip? You need to make sure that you arrive prepared, as you'll be far away from any shops. Whether you’re pitching up at a festival or off for an exciting trek in the mountains, there are lots of things to consider to survive tent life. There’s nothing quite like the excitement of living out of a backpack and camping without wifi or the comfort of your home, all snuggled up with friends. So that it’s just exciting and doesn’t turn into a sketchy episode of Bear Grylls, you have to think of a few things in advance. From sleep situations to having enough rations, there’s a lot to consider to fully enjoy staying in the wilderness. To ensure you get a peaceful night's sleep and avoid any catastrophes, we’ve put together the ultimate guide of what to take camping. Camping Sleeping arrangements Sleeping arrangements will be among some of the most important things to take camping. Tent: We might be stating the obvious, but you … [Read more...] about What to take camping: the full camping essential checklist
FITNESS watches have dominated the wearables market for years, but is that about to change? NURVV has created running insoles to shake up the market - and we've put them to the test. If you've ever wondered why you measure data about steps from your wrist and not your feet, then these running insoles will be right up your street. Read our full NURVV Run insoles review below. What is NURVV? In the simplest terms, NURVV Run is a "smartwatch" for your feet. It's a combination of insoles and trackers that are designed to provide feedback on your runs to help improve your speed, technique and reduce the risk of injury. Each insole has 32 sensors that measure various metrics 1000 times-per-second. They provide data that a typical fitness watch would such as distance, time and elevation, as well as more niche data such as pronation, footstrike and balance. NURVV Run Insoles, £249.99, Very - buy here NURVV Review: Quick Overview As relatively new runners, we were pretty … [Read more...] about NURVV Run Review: Are smart insoles the future of your training?