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 [...]
Climate risk start-up Cervest closes $30m funding round May 20, 2021 A tech start-up which has developed a number of tools to help firms keep track of climate risk has today closed a $30m Series A funding round. Cervest, which was founded in 2016, uses its “climate intelligence” platform to allow companies to keep track of environmental threats to their assets. Venture capital firm Draper Espirit [...]
Vodafone: Pandemic-induced remote working hit women hardest May 20, 2021 Nearly half of all women who leave the workplace for over a year suffer from a loss of confidence, according to a new report today, which urged employers to further support employees as they flock to offices once again. As Covid restrictions are being eased, the study published today by Vodafone, found that women can [...]
Fintech firm Pipe secures $2bn valuation after funding round May 19, 2021 Pipe, a startup that allows companies to sell their recurring revenue streams, has secured a valuation of $2bn (£1.4bn) following a fresh funding round. The fintech firm today said it had raised a further $250m in a round led by venture capital firm Greenspring Associates. New investors such as Morgan Stanley’s investment arm Counterpoint Global, [...]
5 jobs available in London this week May 19, 2021 Are you on the hunt for a new and exciting role? We’ve noticed a huge increase in the amount of jobs being posted to our job board lately (which makes a lot of sense considering that the world is slowly returning to normal). Anyway, we wanted to share some of these jobs with you, in [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 19, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex Co-op CEO joins Boomin’s board Property site Boomin has bagged itself a retail veteran this week, who is set to join the board as a non-executive director at its next [...]
UK CPI: Inflation rate surges to 1.5 per cent in April May 19, 2021 UK inflation more than doubled to 1.5 per cent in April, up from 0.7 per cent in March, the Office for National Statistics (ONS) said this morning. Economists had forecast a rise of 1.4 per cent, as a jump in electricity and gas bills pushed inflation higher. Core inflation, which excludes energy prices and other [...]
UK tech industry grows tenfold in last decade as London leads Europe May 19, 2021 The UK tech industry has expanded tenfold over the last 10 years as London continues to close the gap on Silicon Valley. Between 2010 and 2020 the number of British unicorns — private tech firms valued at more than $1bn — grew from eight to 81, while the number of companies nearing unicorn status also [...]
Robinhood poised to publish IPO filings ‘as soon as next week’ May 18, 2021 Trading platform Robinhood is reportedly preparing to publish filings for its initial public offering as soon as next week as it gears up to go public next month. The commission-free app, which saw its popularity surge following a retail trading frenzy during the pandemic, is targeting late June for its float, Bloomberg reported. The filings [...]
Uncertain times, strong performance May 18, 2021 | Sponsored Watch Alex Crooke, Fund Manager of The Bankers Investment Trust, in the Trust TV studio as he looks back on an extraordinary year for global markets and discusses the particular challenges he faced. Alex will also outline his views on the optimal global asset allocation, the outlook for dividends in 2021 and beyond, his approach [...]
