Transferwise picks banks ahead of blockbuster IPO January 21, 2021 Transferwise has reportedly picked two of Wall Street’s biggest banks to lead its London listing this year. The payments unicorn has hired Goldman Sachs and Morgan Stanley as joint global coordinators for its IPO later this year, Sky News reported. Transferwise secured a $5bn valuation following a secondary share sale last summer, cementing its place [...]
IRSG sets out financial services roadmap for UK’s G7 presidency January 21, 2021 | City Talk The International Regulatory Strategy Group (IRSG) has set out its key areas of focus in financial services as the UK takes over the presidency of the G7 from the USA this month. The recovery from the COVID-19 pandemic, climate change and digital agenda will all be central to the UK’s presidency, including at the 47th G7 Summit [...]
World leaders react to Joe Biden entering the White House January 21, 2021 The US is waking up to a new leader, and government vision, as Joe Biden became the country’s 46th president yesterday. The spotlight is now on the future of the country and its international relations rather than the twists and turns that made this presidential race so historic. Here is how world leaders reacted to [...]
Monzo founder steps down saying pandemic took its toll January 21, 2021 Monzo founder-turned-president Tom Blomfield is stepping down from the digital bank, saying the pandemic has taken a toll on his mental health. In an interview with Techcrunch Blomfield said he had stopped enjoying his role a long time ago as Monzo moved from startup to scaleup. “I stopped enjoying my role probably about two years [...]
Ladbrokes owner Entain names Jette Nygaard-Andersen as first female boss January 21, 2021 Jette Nygaard-Andersen has been named the new CEO at sport-betting and gaming group Entain, becoming the first female chief executive of a major listed UK gambling firm. Outgoing CEO Shay Segev will remain available to Nygaard-Andersen until 8 July to facilitate an orderly transition. Rob Wood, Entain’s chief financial officer, will have the role of [...]
More talk, more walk – DiverCity Podcast returns January 20, 2021 | Sponsored DiverCity® Podcast · Reflections on a decade of D&I: Baroness Morrissey reflects on progress & considers the road ahead Now more than ever, businesses like to tell us what they care about. Most company websites have a full section extolling the corporate values they claim sets them apart. Think: a culture of flexibility, low environmental [...]
City analysts discuss what a Biden administration may hold for financial markets January 20, 2021 In the final hours of Donald Trump’s presidency, investors are turning the spotlight on Joe Biden. As Biden is about to enter the White House, several City-based analysts discuss what the new administration may have in store for different markets and parts of the economy. US Dollar US Treasury Secretary nominee Janet Yellen reaffirmed her [...]
How finding the quality within value was crucial in 2020 January 20, 2021 | City Talk There are two broad areas of value in the UK market, financials and commodities, that in aggregate make up around a third of the FTSE All Share index. Within this, however, there are vast differences in both quality and performance. (Please see the end of this article for a glossary of terms). 2020 was a [...]
UK inflation doubles in a month as transport prices rise January 20, 2021 UK inflation doubled in December as prices rose during the festive period, the Office for National Statistics has announced. Prices in the run-up to Christmas were up 0.6 percent compared to a year earlier and rose from 0.3 per cent in November. Higher prices for transport, recreation and culture were flagged by statisticians, despite food [...]
Market confidence is only artificially low, says IW Capital CEO January 19, 2021 The impact of Covid has been continually unpredictable since the first ripples in January of last year to the third lockdown of this year. Despite this, there is plenty of reason to feel optimistic about 2021. Both historical evidence and current sentiment point to a period of boom after months of gloom, according to Luke [...]
