Monzo bounds ahead of rivals with US launch June 13, 2019 Digital bank Monzo has today launched in the US, making it the first of its rivals to finally land in the coveted territory. The bank will launch with its full banking app and debit card, complete with a routing number and FDIC insurance up to $250,000, courtesy of a licensing partnership with Sutton Bank in [...]
Dividend star British American Tobacco gets cheaper June 13, 2019 | City Talk The well covered payout is an invite to income seekers, but the shares are falling after this update. This relatively upbeat first-half trading statement comes against what has been a torrid time of late for British American Tobacco (LSE:BATS). Last year was an “annus horribilis” for the company, with the shares halving in value amid concerns around [...]
Surge in demand for UK tech visas as digital sector draws in top talent June 13, 2019 The number of applications for UK tech visas has soared 45 per cent in the last year as the booming tech sector continues to attract global talent. The surge marks the fifth consecutive year of growth in application numbers, according to industry body Tech Nation. Read more: Facebook to create 500 tech jobs in London [...]
This Father’s Day, give the dads in your office a real gift June 13, 2019 A shirt with the word “legend” plastered across the front? A trio of “bad boy” chili sauces? A customisable BBQ branding iron? Father’s Day really is an object exercise in gifting tat. Such tokens are inconsequential and ephemeral – destined for a cluttered kitchen drawer. Better to get dads something they actually want. Simply, more [...]
The potential consequences of the Tenant Fee Ban June 13, 2019 Welcome to a new era, where unscrupulous letting agents are no longer allowed to demand that tenants pay hundreds of pounds in unjustified fees. The new law has been several years in the making, but at the start of this month, it finally became illegal for letting companies in England to charge tenants rip-off fees. [...]
Revolut goes Down Under as it launches accounts in Australia June 13, 2019 Digital bank Revolut will today launch its first accounts in Australia, as it embarks on a public testing period in the region. The startup said it will be opening its waiting list in the country today, which has so far amassed around 20,000 sign-ups. Revolut has opened a regional headquarters in Melbourne to manage the [...]
Time to unshackle the pensions industry June 13, 2019 When people think pensions, they probably don’t think tech and they probably don’t think innovation. I want to change that. This week is London Tech Week, when the brightest and best from across the planet come together in our great city to showcase the technologies of tomorrow. Some of the most exciting tech innovators and [...]
Most Help to Buy beneficiaries ‘did not need scheme’ June 13, 2019 The government’s Help to Buy scheme has been accused of subsidising existing homeowners, after it emerged most people who have bought a house using the programme could have done so without it. A National Audit Office report today said three-fifths of buyers could have bought a property without the support of Help to Buy, “but [...]
Investment Association calls on industry to act on racial diversity June 13, 2019 The Investment Association has called on the industry to act to increase the number of black asset managers working in the sector Companies should modernise recruitment processes, establish mentoring schemes and networks, and improve education on inclusion, the Investment Association said in a report published this morning. Read more: LGIM’s gender parity fund drives boardroom [...]
Can Amazon really be a climate change champion? June 12, 2019 | City Talk Amazon is not a company normally associated with meaningful strides towards a low carbon future. Although e-commerce is typically better for the environment than heavily air-conditioned, high street stores, speedy deliveries carry a high carbon cost. Any Amazon shopper may feel a pang of guilt – as I have – at using the one day delivery [...]
