Number of taxpayers falling six months behind on bills increases September 9, 2019 The number of British taxpayers who are falling well behind on their tax bills has continued to climb, according to research. About 117,000 people are now more than six months behind, according to accountancy Moore Stephens, meaning they have received the second of two penalties of five per cent of the tax they owe. This [...]
Is your star employee all they’re cracked up to be? September 6, 2019 YOUR star employee brings in the money, keeps the customers smiling, and boosts your online reviews. On the surface, they are driving your business forward single-handedly. You can’t imagine things without them. They’re indispensable, and the thought of them leaving brings you out in a cold sweat – the firm would never survive. But is [...]
City watchdog calls on internet giants to do more in fight against financial crime ‘epidemic’ September 5, 2019 The chair of the Financial Conduct Authority has called on internet giants to play a greater role in tackling financial crime which he said had reached “epidemic proportions” in the UK. Charles Randell told the Cambridge Economic Crime Symposium on Wednesday night that “financial crime, specifically fraud against individuals, has reached epidemic proportions”. Randell said [...]
Political uncertainty spooks investors as UK equity outflows increase September 5, 2019 Cautious investors pulled £1.2bn from UK equity funds in July, with outflows increasing amid heightened political turmoil. UK equity funds experienced net outflows of £1.2bn, a significant increase on the £744m of outflows reported for June, according to figures from the Investment Association (IA). The funds have consistently seen new outflows over the past year, [...]
Meet the 23 fintech startups on Tech Nation’s latest growth programme September 5, 2019 London startups dominate the list of 23 fintechs that have joined government-backed Tech Nation’s 2019 growth programme. Sixty per cent of the new cohort of financial technology firms hail from the capital, while 40 per cent boast at least one female co-founder, Tech Nation revealed today. Read more: Fintech is all the rage, but is [...]
Ten things every investor needs to know about offshore wind power September 5, 2019 | City Talk The solar and onshore wind industries have long been areas of focus for climate change investors, but offshore wind has always lagged behind because of its higher cost. However, that is set to change, with substantial growth likely in the sector over the coming years, as offshore wind approaches cost competitiveness with conventional electricity generation. [...]
Fintech is all the rage, but is the bubble about to burst? September 5, 2019 Fintechs are all the rage. Scarcely a day goes by without a new challenger bank or money app making headlines about how it seeks to disrupt traditional banking and solve personal finance problems. As a result, capital is pouring into the sector – last year, global investment into financial technology ventures more than doubled to [...]
Now is the time to create your own not-to-do list September 5, 2019 Now that September is upon us, for many professionals, that means it’s back to the school run and the grind of work. The summer holidays become a mere memory as the days get shorter. It might sound gloomy, but perhaps it doesn’t have to be. Rather than seeing the end of summer as an ever- [...]
Monzo beats Revolut to be crowned Linkedin’s best UK startup to work for in 2019 September 4, 2019 Challenger bank Monzo has been named Britain’s most-desirable startup for young professionals to work at, beating fellow challenger bank Revolut to the top spot. Social media giant Linkedin put Revolut in second place, while Starling Bank and Tide were also included in the top 10. Read more: Fintech firm Revolut leads list of UK’s top [...]
Premier Asset Management merges with Miton to form £11.5bn asset manager September 4, 2019 Premier Asset Management has agreed a merger with Miton, creating a group with £11.5bn assets under management. An announcement by the two companies said the new business, which will be known as Premier Miton Group, would be “well positioned for future growth”. The new group would have been the fifth largest contributor to net UK [...]
