UK investors most downbeat in world on own economy October 21, 2020 UK investors are more downbeat about the short-term prospects for their own economy than their global peers, according to new research. Some 43 per cent of UK investors surveyed by UBS in the third quarter said they were optimistic about their own region’s economy over the next 12 months. While the figure represents a three [...]
GPS points way for fintech’s future October 21, 2020 | Sponsored When the government launched the independent review of the UK’s fintech sector three months ago, the mood music was warmly received by Joanne Dewar. “The UK is one of the leading places in the world to start and grow a fintech firm, and I am determined to ensure this continues,” John Glen, economic secretary to [...]
Whatever your skin colour, you deserve the opportunity to make it as an entrepreneur October 20, 2020 There are some statistics that make you stop in your tracks. This should be one. Despite investing more time and more money into starting a business and having higher levels of education, black entrepreneurs have consistently worse outcomes than their white counterparts. Whether you look at turnover, profit, or meeting their business aspirations, black entrepreneurs [...]
Peter Hargreaves strikes deal with Hargreaves Lansdown on board representation October 20, 2020 Peter Hargreaves has nominated a City veteran to join the Hargreaves Lansdown (HL) board as part of a new agreement between the co-founder and the fund manager. In a stock exchange announcement today, Hargreaves Lansdown announced it had come to an agreement with Hargreaves to enter into a new shareholder agreement, which will allow Hargreaves [...]
The rise of the retail trader: A short history of how trading became accessible October 20, 2020 | City Talk Once upon a time not so long ago, the world of trading looked vastly different. To determine where to invest, a trader had to listen to the radio, read the daily newspaper, maybe even visit the library to research particular industries and individual companies. Once they knew where to invest, they would call their local [...]
Monzo launches Premium account as it expands fee-paying services October 20, 2020 Monzo has today launched its premium service which comes with phone and travel insurance as it works to convince more customers to pay for its services. The premium card builds on Monzo Plus, the fintech’s £5 per month product it launched in July. Chief product officer Mike Hudack told City A.M.: “Monzo Plus gives us [...]
The Banking Dilemma: Do we really want Big Tech to control our financial data? October 20, 2020 “If something is a tool, it is genuinely just sitting there, waiting patiently. If something is not a tool it’s demanding things from you… seducing… manipulating; it wants things from you.” This damning indictment of social media platforms is one of many from industry insiders featured in the latest must-watch Netflix documentary, The Social Dilemma. [...]
More important for US to be right than first on digital currency, says Fed’s Powell October 19, 2020 It is more important for the US to get the development of a cross-border digital currency (CBDC) right than to be first, Federal Reserve chair Jerome Powell said. Speaking to a panel discussion hosted by the International Monetary Fund, Powell said it was vital for the Fed to assess the impact of such a currency [...]
Covid-19 and “stakeholder capitalism”: actions speak louder than words October 19, 2020 | City Talk The idea that companies should be run for the benefit of all their stakeholders, not just shareholders, is not new. “Stakeholder capitalism”, as it’s become known, was actually the dominant corporate model long before “shareholder primacy” (i.e. prioritising shareholders) really took hold in the Anglo-Saxon world in the 1970s. It remains the norm in some [...]
Love in a time of Covid: A guide to lockdown dating October 19, 2020 Shakespeare’s assertion that “the course of true love never did run smooth” has never felt quite so true as it has during the pandemic for couples who don’t live together. This has become especially complicated with the introduction of different restriction levels across regional boundaries. From the beginning of lockdown, clarity on how to live [...]
