Plus500 reports ‘positive momentum’ despite customer growth slowdown July 12, 2021 Online trading platform Plus500 today reported positive momentum in its half year trading update, following a bumper 2020. The global fintech group, operating a trading platform for contracts for difference (CFDs), noted a “very strong period of customer acquisition” up to June this year. This followed an “unprecedented” performance in 2020, driven by the pandemic [...]
Bottom-up ESG: New platform wants to give retail investor army voting power for £1 July 9, 2021 Tulipshare is targeting the next generation of shareholders by tapping into their booming interest in retail investment and demand for a corporate ESG overhaul. The new UK-based activist investment platform wants to enable individuals to “vote with their money” for change from the inside at Amazon, Coca-Cola and Apple by investing as little as £1. [...]
UK credit score giant Clearscore heading for unicorn status after $200m Invus injection June 24, 2021 Clearscore, a free-to-use credit check company based in London, has reportedly accepted a $200m (£144m) investment from US-based fund Invus Opportunities. As reported by Sky News, the deal values the company at $700m (£503m), placing it on track for unicorn valuation. The company plans to use the funding to grow its staff numbers, product offerings [...]
Exclusive: CEO of deVere Group on why Bitcoin bashers have got it all wrong June 24, 2021 Bitcoin and other cryptocurrencies have experienced a major sell-off this week following China’s crackdown on the sector. Around $400bn in value has been wiped from the total digital currency market since Friday, when a major Bitcoin mining hub ordered miners to shut down operations. It followed reports saying that China’s central bank had a meeting [...]
Impact investing is increasingly a buzzword in the City as millennial investors take over June 24, 2021 Impact investing, the strategy to make financial profits but create a long-standing, positive impact on our world, in the process, is becoming increasingly ‘a thing’ in the City and other financial hubs around the world. Many investors are hyper-aware of what is happening around them, with factors such as corporate social responsibility (CSR) making a [...]
Are we now on the road to net-zero? June 18, 2021 | City Talk We spoke to climate change specialists Simon Webber and Isabella Hervey-Bathurst for their views on the IEA’s latest report. Climate change and the transition from fossil fuels to sustainable energy is arguably the most pressing issue facing the world today. Addressing the issue of how the world produces and consumes energy, and the measures that [...]
Crypto assets: you can doubt, but you can’t hide June 15, 2021 | City Talk It is no longer prudent to ignore the potential of crypto assets. The investment industry can be sceptical about crypto assets. Investors can certainly choose not allocate to them, but few can afford to ignore them. Why? Not just because Bitcoin’s dizzying ascent has captured the popular imagination but the more persuasive reasons why the [...]
Gamestop drops while Clover Health rises as rollercoaster ‘meme stocks’ continue June 10, 2021 GameStop shares fell 7.6 per cent this morning while Clover Health Investments (CLOV.O) jumped 5.9 per cent earlier today after soaring about 86 per cent earlier this week as retail traders on reddit turn their attention to new stocks to push up. GameStop announced the head of Amazon’s Australian business, Matt Furlong, as its new [...]
Bitcoin needs to win the environmental argument – or else May 28, 2021 | Sponsored One of bitcoin’s original goals as a decentralised currency, was that it obviated the need for central banking. One of its achievements is that it has obviated the need for roller coasters as well. Bitcoin began the year at $29,000. Now, five months into 2021, holders are looking at gains of around 40%. So far [...]
Robinhood to allow users to buy into IPOs May 20, 2021 Trading platform Robinhood has said it plans to roll out a platform to allow its users to buy into initial public offerings (IPOs) in a move aimed at democratizing finance. To date users of the commission-free app, as well as other amateur traders, cannot not buy into stock of a newly listed company until its [...]