Let’s not squander this unique opportunity to harness the benefits of a new model for work July 30, 2020 It’s no stretch to say that, without remote working, thousands of businesses would have ground to a halt over lockdown. The mass work-from-home experiment over the past four months has not only saved them, but shown that it is possible to fundamentally shift ways of working while continuing to be productive and deliver results. Before [...]
Does Covid-19 mark the beginning of the end for cash? July 29, 2020 | City Talk Many European countries were already moving away from cash transactions and the pandemic will only speed up this trend. The Covid-19 crisis has changed our daily lives in multiple ways and accelerated a number of trends that were already in place. For many of us, one obvious change is that the need to use cash [...]
28 months later: are European equities back on investors’ radar? July 29, 2020 | City Talk European equity flows turned positive in June for the first time in 28 months – we look at what might be reviving investor interest in the asset class. It’s been a tough couple of years for pan-European equities. A combination of political worries, including Brexit, and weak economic growth means many investors have shunned the [...]
UK pension scheme invests £5.5bn into ‘environmentally friendly strategies’ July 29, 2020 Britain’s largest pension scheme Nest has pledged to tighten its climate change policy with an investment of £5.5bn into environmentally friendly strategies. The government-backed scheme said it would decarbonise its £12bn investment portfolio in a bid to tackle climate change. Nest said it aims to be “net-zero” across its investments by 2050 or earlier, with [...]
Zuckerberg defends Facebook: ‘Companies aren’t bad just because they’re big’ July 29, 2020 Facebook chief Mark Zuckerberg is set to tell Congress that “companies aren’t bad just because they are big,” as the world’s biggest social media company today faces a historic investigation into its size and power. Zuckerberg is expected to tell the US Congress that Facebook became successful “the American way, by starting out with nothing [...]
Jupiter Fund Management profit halves as outflows decline July 29, 2020 Jupiter Fund Management reported that profit halved in the first half of the year as net assets fell after outflows jumped during the pandemic. The figures Jupiter reported pre-tax profit fell by 50 per cent to £40.8m and assets under management (AUM) was down 8 per cent to £39.2bn as net fund outflows jumped to [...]
Harness young talent to get the UK economy back on track July 29, 2020 As businesses continue to feel the economic disruption created by Covid-19, front of mind will be not only confronting the immediate challenges, but their long-term recovery plan and the actions necessary to ensure that they emerge from the crisis in a strong and competitive position. The UK’s young talent is a core part of this. [...]
SpaceX investor pours $50m into London tech startup Complyadvantage July 28, 2020 Fintech startup Complyadvantage has closed a $50m series C round, as it seeks to disrupt the way global banks tackle financial crime. The round was led by the Ontario Teachers’ Pension Plan Board, which has CA$207.4bn in net assets. It made the investment through its innovation arm, which invests in late-stage tech companies. Existing investors [...]
Curve hires former Paypal exec as first finance boss July 28, 2020 London fintech startup Curve has hired its first chief financial officer as it looks to expand its product and geographic scope. Curve today announced Scott Weller would be joining the banking platform’s executive team. Weller started his career in Blackrock’s private equity group before joining Paypal as a finance director. There he played a pivotal [...]
St James’ Place reports increase in net inflows despite pandemic July 28, 2020 Wealth manager St James’ Place beat estimates and reported a modest rise in net inflows due to a recovery in market sentiment following the coronavirus-induced selloff. The figures Net cash inflows rose two per cent to £4.5bn in the six months to the end of June, beating the consensus expectation of £4.4bn, the same as [...]
