Bitcoin millionaires ‘drop like flies’ as FTX fallout shakes crypto market January 9, 2023 The number of bitcoin millionaires has plunged and scammers have filled their boots in the past year as the market is gripped by a ‘crypto winter’, brought on by soaring inflation and a string of high profile bankruptcies.
Lloyd’s of London syndicate Beazley launches world’s first ‘cyber catastrophe bond’ January 9, 2023 Lloyd’s syndicate Beazley has launched the world’s first ‘cyber catastrophe bond’. The insurer’s catastrophe bond protects Beazley’s balance sheet in the event it is forced to pay out more than $300m (£246m) in insurance on any cyber risk policy. Catastrophe bonds have traditionally been used to protect insurers from natural disaster risks, through deals that [...]
City A.M.: Thursday’s the new Friday – so we’re going digital only on Friday January 9, 2023 City A.M. is back on the streets of London today after a Christmas and New Year hiatus – and, responding to the new word of work, will now be a ‘digital-only’ publication on Fridays. Since returning to print in September 2021, City A.M. is back to almost 100% of its pre-pandemic circulation levels across the capital and [...]
Millennials ignored by UK’s financial institutions as boards stumble towards gerontocracy January 9, 2023 The boards of banks, asset managers and fintechs are outstripping their European rivals at female representation, but failing to take on any millennials, according to new research. EY’s report found that there were no board members under 40 in any of the UK’s top financial services firms. The report on board diversity shows that in [...]
Comparethemarket owner backs London ‘insurtech’ Superscript in £45m funding round January 9, 2023 London-based insurance fintech Superscript announced it had bagged a £45m funding round led by the owner of Comparethemarket.com today, in a boost to the UK’s burgeoning ‘insurtech’ sector after a flurry of investment in the past two years.
Santander launches buy-now pay-later offering that could be a ‘game changer’ for cash-strapped corporates January 9, 2023 Santander has announced a push into the business-to-business (B2B) buy-now pay-later market today as it looks to tap into demand from a wave of corporate firms grappling with soaring prices.
Exclusive: IBM UK and Ireland appoints first female CEO replacing veteran of two decades with Microsoft leader January 9, 2023 IBM UK and Ireland has appointed its first ever female chief executive following the departure of its existing general manager after 22 years. Dr Nicola Hodson will take over from Sreeram Visvanathan at the tech giant’s UK arm, arriving from Microsoft. She was Microsoft’s Vice President of Customer & Partner Solutions, Transformation, and a member [...]
What You Need To Know About Career Cushioning January 9, 2023 The world––and the world of work––is changing. 2022 brought about once-in-a-generation interest rate hikes, a crippling surge in the cost of living and a worrying number of layoffs in the tech sector. Understandably, that uncertain economic environment has made many people nervous. Will jobs be secure into the future, are workers looking at layoffs, and [...]
Mexi-go-go: How Tortilla has turned burritos into big business January 9, 2023 Mexican restaurant chain Tortilla has revealed that sales jumped by a fifth over the past year despite the impact of train strikes and poor weather. Shares in the group rose on Monday morning after the 85-strong chain revealed that revenues grew 20% to £57.7 million over the 12 months to January 1, compared with the [...]
Tech chiefs demand pragmatism while retail CEOs go for enthusiasm and City finance bosses value a vision January 9, 2023 As 2023 gets underway the World Cup in Qatar is fast becoming last year’s news. However, for Chris Watt, Managing Partner at ECI Partners, it would be wise for City chiefs to sit back and reflect on the tournament, as there are some lessons to be learnt. Leadership, vision and strategy being the keywords during [...]