Travel finance start-up raises £10m to build up US operations May 5, 2021 A new fintech firm offering users the chance to split the cost of travel over 12 months has raised another £10m in funding, it was announced today. Start-up Fly Now Pay Later has now raised a total of £45m in funding following the close of its latest round, co-led by asset management firms Revenio Capital and [...]
It’s time for business leaders to be educated about dyslexia May 4, 2021 | City Talk Emily Cheyne CA, Manager, Transaction Services at KPMG, discusses having dyslexia, comparing herself to others and how it’s time to stop thinking that one way of working is appropriate for everyone. When were you diagnosed with dyslexia? I was in Primary 5 at school – so 10 years old. The reason I was tested was [...]
Recalibrating the corporate ecosystem May 4, 2021 | City Talk Atapestry of reform is needed to recalibrate the corporate ecosystem. It’s not just about audit reform. It is time to recalibrate the corporate ecosystem. Prior tothe publication of the BEIS consultation, ICAS issued a paper exploring how various recommendations from the Brydon, Kingman and CMA reviews might be combined to deliver a tapestry of reform [...]
Those in debt to be given 60 days breathing space before enforcement action May 4, 2021 People in debt will be given 60 days to get their finances back on track without debts piling up, worrying letters or enforcement action, under a new government scheme. The scheme – called ‘Breathing Space’ – will give those in debt legal protections from their creditors for 60 days, with most interest and penalty charges [...]
Exclusive: A heavy metal drummer working to infuse rhythmic harmony into the payments space May 3, 2021 Meet Tom Cregan, a heavy metal drummer and martial arts enthusiast who is on a mission to infuse rhythmic harmony into the world of global payments. The managing director and CEO of digital payments giant EML’s favourite part of any day as chief executive is, what he calls, finding a ”1+1=5 moment” by thinking and [...]
Warren Buffett’s Berkshire bounds back from worst of pandemic May 1, 2021 Warren Buffett’s Berkshire Hathaway has said its results are rebounding from the worst effects of the Covid-19 pandemic, and that it has extended its aggressive stock repurchases with $6.6bn of new buybacks. First-quarter results suggest that the Omaha, Nebraska-based conglomerate that owns dozens of businesses, is through the worst effects of the pandemic, including the [...]
FTSE closes higher as US stocks pause after busy week for earnings April 30, 2021 The FTSE 100 closed higher today as the economic recovery optimism poised the index for its largest monthly gain since November last year. The blue-chip index rose 0.2 per cent, boosted by positive earnings updates from AstraZeneca and Smurfit Kappa. Meanwhile, the mid-cap FTSE 250 also rose by 0.56 per cent. Both indexes have risen [...]
HMRC repays overtaxed pensioners £716m in six years April 30, 2021 Savers overtaxed on pension freedom withdrawals have reclaimed £716m since 2015, when changes were introduced that allowed savers to flexibly access their pensions. The overtaxation occurs when someone accesses their retirement ‘flexibly’ for the first time in a tax year – which can include taking income via drawdown or withdrawing ad-hoc lump sums – HMRC [...]
Darktrace races out of the blocks: A boost for London’s IPO market after Deliveroo’s flop April 30, 2021 In a welcome boost for the London IPO market after the Deliveroo flop, UK cybersecurity company Darktrace launched this morning well above its initial price of 250p per share, jumping sharply to 350p in opening trade. There were early indications that the initial valuation might be higher than this, at around £3bn, however it appears that [...]
Sterling slips against US dollar as cautious investors await BoE meeting April 30, 2021 The pound stumbled against the dollar today as traders remained cautious ahead of the Bank of England’s policy meeting next week. Sterling was down 0.2 per cent at $1.392, while holding its ground versus the euro. It brings yesterday’s nine-day high to an end, which followed a slump in the dollar after the Fed waved [...]
