Author: CXM Editorial

A ‘Hard Brexit’ Could Be ‘Catastrophic’ for The City of London And Cost 70,000 Jobs

LONDON — The number of jobs displaced from the City of London could be as high as 70,000 if Britain fails to secure a favourable trade deal upon leaving the EU, according to a report from think tank the Centre for...

Lockheed Martin Officially Opens £3m UK Cyber Security Centre in Gloucester

Lockheed Martin, the US-headquartered global aerospace, defence, security and advanced technologies company, has opened a £3m Cyber Security Centre in Gloucester. The new ‘Cyber Works’ centre is designed to tackle cyber threats against the UK. The facility will create 90 high-tech jobs...

Retail App Poq Gets £3.5m, Brings Total to £7m

Retail app Poq has received £2.5m in an equity funding round led by Beringea and with participation from Meyer Bergman. The firm also secured £1m in debt funding from Barclays. With this raise, Poq brings its total amount of money raised to date to £7m. The...

A Retail Startup That Allows People to Try on Clothes Digitally Just Got a £10 Million Boost

LONDON – Metail, which allows customers try on clothes in a virtual fitting room, secured £10 million ($12.88 million) in a Series B funding round, as fashion retail continues its move from the high street to the internet. The round was led...

LondonMetric Has Snapped up Two M&S Stores for £25m

A pair of Marks & Spencer retail units has been acquired by LondonMetric as the property investor continues to grow its convenience portfolio. The London-based firm has snapped up the two edge of town retail assets in Newport, Isle of Wight...

Extensive Read: 3D Printers Start to Build Factories of The Future

Recent advances make 3D printing a powerful competitor to conventional mass production SLOWLY but surely the sole of a shoe emerges from a bowl of liquid resin, as Excalibur rose from the enchanted lake. And, just as Excalibur was no ordinary...

Amazon Discounts Make Echo Speaker Best Seller on Prime Day

Millions’ of members had shopped on the site by early Tuesday Wal-Mart, EBay among rivals also offering sales deals Amazon.com Inc. used steep discounts to turn its Echo speaker into a best seller on the company’s annual Prime Day, making good on a...

Yorkshire Firm The Car People to Create 175 Jobs with £13m Warrington Showroom

Vehicle supermarket The Car People is creating 175 jobs with a new multi-million-pound showroom in the North West. The Wakefield-headquartered firm invested £13m in the centre, which comprises 42,000 sq ft across a 13-acre site in Warrington. The Car People said the...

Microsoft Officially Ends Support for Windows Phone

Your device won’t be a brick, but it won’t get more updates. It’s official: for all intents and purposes, the Windows Phone era is over. Microsoft has ended support for Windows Phone 8.1 just over 3 years after its April 2014 debut. From now on,...

U.K. Pay Falls Despite Lowest Unemployment Since 1975

Pay adjusted for inflation drops 0.5% between March and May Unemployment falls to 4.5% as economy creates 175,000 jobs British consumers are continuing to see their spending power eroded by feeble wage increases and the rising cost of living, despite unemployment falling...