Mobile bank N26 targets UK expansion with general manager appointment March 14, 2019 European mobile bank N26 has appointed a new general manager to drive forward UK expansion as it steps up competition against rivals such as Monzo and Revolut. Former Morgan Stanley investment banker Will Sorby has joined the Berlin-based digital bank, which operates in 24 markets across Europe, following its UK launch in October last year. Read [...]
Just Group leads FTSE fallers after revealing £400m fundraising plans March 14, 2019 Retirement services firm Just Group has seen shares fall 11 per cent today after revealing plans to raise almost £400m to comply with new capital requirement rules as it unveiled a heavy loss before tax in 2018. The firm said it plans a debt offering of £300m and will raise a further £80m from an equity [...]
How to have a healthy relationship when working with family March 14, 2019 It is often said that people should avoid going into business with a loved one, but according to the Institute For Family Business, two thirds of UK businesses are family owned. That's a whopping 4.8m companies in total. And we're not just talking about immediate family members or spouses either, because some entrepreneurs even choose to go into [...]
Brooks Macdonald assets drop in challenging first half March 14, 2019 Brooks Macdonald saw assets under management (AUM) slip in the first half of the financial year due to challenging market conditions. AUM fell 4.5 per cent to £11.9bn in the six months to the end of December last year, however, the fall was partly offset by £241m of net new business, which was up 1.9 [...]
Experts urge government to emphasise low-wage sectors in industrial strategy March 14, 2019 | City Talk The United Kingdom’s national productivity – which has remained relatively stagnant for almost a decade – could be substantially improved with increased government focus on productivity in low-wage sectors. This is the central tenet of a chapter, co-authored by Cass Business School academic John Forth, in the e-book What we really mean when we talk [...]
Financial Conduct Authority proposes investment platform exit fee ban March 14, 2019 The City watchdog has proposed banning exit fees on investment platforms as part of a package to improve the switching process for consumers. The Financial Conduct Authority (FCA) also mooted a rule that would allow customers to switch platforms and remain in the same fund without having to sell their investments in a bid to [...]
Spring Statement 2019: How investors can profit March 14, 2019 | City Talk By Jemma Jackson from interactive investor. There were no bunnies in the chancellor’s hat, but here are the ways investors can benefit this spring. As predicted, Brexit uncertainty torpedoed any chance of good news for the UK’s savers and investors in Chancellor Philip Hammond’s Spring Statement. We hear there’s a ‘deal dividend’ of £26.6 billion, [...]
Ray Kelvin held Ted Baker too tight March 14, 2019 Yet another big-name chief executive has stepped down from their position at the helm of a well-known British business. The founder of fashion retail brand Ted Baker, Ray Kelvin, announced last Monday that he was going to be resigning from his position as chief executive, as the firm investigates allegations that he behaved inappropriately toward [...]
Money laundering is a dirty business that we need to clean up together March 14, 2019 Flag it up, clean it up, flush it out, whatever the call to action, anti-money laundering (AML) legislation is worthy of laser focus. It also requires hyper-vigilance from the accountancy profession. Last week, parliament’s Treasury select committee warned that the UK’s current efforts to counter money laundering are “fragmented”, and that its supervision requires greater [...]
All the world’s a sound-stage March 13, 2019 | Sponsored Johnny Hon loves a show and he loves a stage. Unlike most globe-trotting international investors, he also finds time to invest in them. Hon, the founder and chairman of venture capital business and angel investor the Global Group, is a showbiz impresario, acting as an executive entertainment producer as an enjoyable sideline. UK-educated Hon is [...]
