Closing the wage gap: Why people of colour get paid less in the tech industry December 11, 2019 The technology industry brands itself as forward-thinking, but salary data tells another story. The gender wage gap — in tech and throughout the job market — has permeated discussions for many years now, and rightfully so, but pay discrimination is affecting other marginal groups without making headlines as often. In fact, racial pay disparity is [...]
Edinburgh Investment Trust sacks Invesco’s Mark Barnett over poor performance December 11, 2019 Edinburgh Investment Trust has fired Invesco stockpicker Mark Barnett as its manager following poor performance, in a further blow to the former Neil Woodford protege. Barnett, who took over the managing of the trust from Woodford in 2014, will be replaced by Majedie Asset Management in the first quarter of 2020. Read more: Woodford protege [...]
From Woodford to the leasehold scandal, here are the big personal finance stories of 2019 December 11, 2019 December is usually the season to be jolly and reflect on the past year — though perhaps it doesn’t feel that way as we head to the polls tomorrow. Nonetheless, as the year comes to a close, let’s look at the big personal finance stories of 2019, which may give us some clues about what’s [...]
Lord Mayor in San Francisco with UK fintech delegation December 11, 2019 London’s Lord Mayor William Russell today begins a three-day visit to San Francisco as new research showed that the UK is the first choice overseas market for fintech-focused North American venture capital firms. A survey by financial data firm Preqin showed that 90 per cent of North American venture capital and private equity fund managers [...]
HSBC signs global deal with City fintech startup Bud December 11, 2019 HSBC is to ramp up its efforts on Open Banking, following a global partnership agreement signed today with London fintech startup Bud. The banking giant took a significant stake in Bud earlier this year, after the startup helped HSBC launch mobile banking app Artha through its First Direct challenger brand. The deal will initially see [...]
The parenthood penalty facing working mums and dads needs to be fixed December 10, 2019 Earlier this year, journalist Emma Duncan asked why we work so hard to avoid our children. Will future generations look back and wonder why parents fought tooth and nail for time in the office? If today’s battles result in a childcare sector that offers real choice at a lower cost, and a society where having [...]
Are there any safe bets for investors this election? December 10, 2019 | City Talk Political parties have not been able to agree on much this election. Whether it is Brexit or how the economy is run, the Conservatives and Labour have opposite views on almost everything. The Conservatives want to ‘get Brexit done’ so the UK is out of the EU by January, have a new trade deal signed [...]
Election promises little relief for troubled UK markets December 10, 2019 | City Talk The election represents another ‘key risk’ moment for UK assets. Depending on the result, some parts of the UK stock market could suffer heavily, while others might be beneficiaries of a surprise result. This is the dangerous part – trying to work out what comes next. Memories of the predictions made before Brexit and Trump [...]
How do UK general elections impact the stock market? December 10, 2019 | City Talk General elections can have a profound long-term effect on the economy and people’s lives. The impact of elections on the stock market is less understood. Analysing the last seven UK elections, there is no definitive pattern as to how markets react, although there are historical patterns that may help investors and traders prepare for the [...]
Neil Woodford shuts offices as investment business winds down December 10, 2019 Neil Woodford’s investment company has moved out of its Oxfordshire offices as the business continues the process of closing down. Former star stockpicker Woodford announced that he was shutting down Woodford Investment Management in October, following a dramatic fall from grace that had seen his flagship fund frozen for several months. Read more: City regulator [...]
