Transferwise profit doubles as global expansion boosts revenue September 23, 2020 Profit at British fintech giant Transferwise more than doubled in the last 12 months, as investment in geographical expansion paid off. The London payments firm said profit for the year ending March 2020 was £21.3m, up from £10.3m a year earlier and marking its third straight year in the black. Meanwhile revenue jumped 70 per [...]
Top companies still need to go further in putting women on boards September 22, 2020 As a woman in business and now as a minister at the Department for Business, Environment and Industrial Strategy (BEIS), I know first-hand how difficult it can be to rise through the ranks and establish yourself professionally in the corporate world. My first job was in a shop aged 16. I then went into retail [...]
Entrepreneurship can be taught – so why don’t we teach it more? September 22, 2020 It is hard to think of a tougher task than teaching school children remotely. Until this month’s return to the classroom, schools across the country have been forced to adapt these challenging circumstances. Not everything has worked out, but projects such as Oak National Academy thousands of free online lessons show the potential for innovation [...]
What the past can reveal about the future of money September 22, 2020 Money is a technology. It may be cultural in nature, but its story is nonetheless one of relentless innovation leading to big changes in society. Today we are in the midst of a change that is as significant as any of the great historical leaps, such as the advent of coins or paper banknotes. The [...]
How Covid changed cyber crime September 18, 2020 | City Talk It might not be surprising that cyber criminals have taken advantage of coronavirus and the rush to remote working. The age of cyber warfare was upon us even before the crisis. New research suggests online fraudsters are boosting their attacks at an alarming pace, and it’s thought multimillion dollar ransoms could be at stake. Interpol, [...]
Gresham House continues momentum as income and AUM rise September 17, 2020 Gresham House reported its tenth consecutive half-year increase in AUM despite a challenging backdrop as it looked to sustainable investment. The figures Assets under management (AUM) grew 16.7 per cent to £3.3bn in the first half of the year. Core income increased 33 per cent while adjusted operating profit grew 15.5 per cent to £5.2m. [...]
LGIM set to reopen property fund in October September 16, 2020 LGIM will reopen its property fund in October, seven months after the coronavirus crisis forced it to suspend dealing. In an update today, LGIM said its authorised fund manager, L&G Unit Trust Managers, intends to reopen the property fund and its feeder fund on 13 October. The board is now “confident” in lifting the suspension [...]
FXCM stock baskets offer cream of the crop industry stocks September 16, 2020 | City Talk It’s been months now of lockdown, and with the majority of the world spending more time working from home with CNN, BBC and Bloomberg playing on the TV in the background, it is no surprise there has been a surge in new day traders looking to take advantage of the current market volatility by beginning [...]
Is crypto trading making you overweight? Use a basket September 16, 2020 | City Talk Cryptocurrencies haven’t disappeared like some thought they would. If anything, its appeal as an asset class continues to grow. Customer interest in cryptocurrencies has spiked during all the volatility surrounding the COVID-19 pandemic. Cryptocurrencies are here to stay. So, you want in… but where to begin? There are two questions one needs to answer: how [...]
Commission-free stock trading marks a new era for retail traders September 16, 2020 | City Talk Modern technology has made retail trading accessible to all – literally at the tip of our fingertips – but it wasn’t always this easy. It’s fair to say that the technology underpinning online retail trading has come a long way since the days of pagers and dial-up modems (look it up, kids…). As we enter [...]
