Should the rich be taxed more? March 8, 2019 | City Talk Compared with other developed countries, the UK has a very high level of income inequality, something which many of us feel uncomfortable about. According to the Equality Trust, UK households in the bottom 10 per cent of the population have, on average, a disposable (or net) income of £9,644, with the top 10 per cent [...]
Barclays, HSBC, JP Morgan back Wealthiher initiative to help women with wealth March 8, 2019 Some of the City’s biggest firms and major international banks have thrown their weight behind an initiative to help women grow and protect their wealth. Read more: Women-led startups win under 10 per cent of VC funding Wealthiher will showcase the rise in women’s wealth, and highlight the different needs that wealthy women have. The [...]
International Women’s Day is a reminder to keep breaking down barriers March 8, 2019 As a senior woman in business, I’m often approached to speak at events about the importance of nurturing diversity, in the technology industry and beyond. It is both a privilege and a regret. I long for a world where diverse leadership is simply the norm; where senior female business leaders are just known as “business [...]
DEBATE: Is Kylie Jenner right to call herself a ‘self-made’ billionaire? March 8, 2019 Is Kylie Jenner right to call herself a ‘self-made’ billionaire? Naiya Ghuman, founder and chief executive of itsacrackingdeal.com, says YES. The vast majority of people will believe that Kylie Jenner has only become a billionaire through her direct access to a range of privileges and connections. But remember that she hasn’t used any family inheritance [...]
Fund outflows continue for fourth month as investors remain cautious March 7, 2019 Net fund outflows continued in January, becoming fourth consecutive month of losses as investors remained cautious. Outflows hit £859m in January as investor appetite was dampened by continued Brexit uncertainty and trade tensions. Read more: Net retail sales plummet as investor confidence knocked by uncertainty Europe and UK equity funds saw net retail outflows of £450m and [...]
Gresham House assets under management soar by 250 per cent March 7, 2019 Specialist asset management firm Gresham House trebled its assets under management (AUM) in 2018 following a string of acquisitions. Shares were up more than three per cent on the news that AUM had soared 250 per cent in the year to the end of December last year, rising from £649m to £2.3bn. Read more: Gresham [...]
Draper Esprit leads £7m funding round in deep tech firm Hadean March 7, 2019 Venture capital firm Draper Esprit has led a £7m funding round in London deep tech firm Hadean. Hadean has created the world’s first cloud-first operating system to allow programmers to scale up their code and reduce the manpower and time wasted on engineering. Read more: London-listed Draper Esprit to double down on Europe with £100m [...]
What you should make of Woodford’s unquoted asset sale March 7, 2019 | City Talk By Jemma Jackson from interactive investor. Here’s our take on Woodford Equity Income Fund’s sale of unquoted stock to Woodford Patient Capital. On Friday, we heard that the Woodford Equity Income (WEIF) has sold some of the portfolio’s individual unquoted stocks to Woodford Patient Capital Trust (WPCT) in exchange for shares in WPCT. Dzmitry Lipski, [...]
Startup entrepreneurs, watch out for these classic spam emails from rubbish sales people March 7, 2019 So, I have finally decided to do it. After more than a decade of working for other people in a number of roles, I’ve actually taken the leap and launched my own business. It’s been barely three months and things are going great – we have clients already on board and more soon, hopefully. Really, the [...]
Trump was brave to leave North Korea empty-handed March 7, 2019 He came he saw, he left empty-handed. For the self-proclaimed consummate deal-maker that is President Donald Trump, it would not be an understatement to say that last week’s second summit with Supreme Leader Kim Jong-un on North Korea’s prospective denuclearisation did not go quite according to plan. Trump’s gamble had been that his personal rapport with [...]
