KFC taps London fintech startup Flux for paperless payments March 4, 2019 KFC has launched a partnership with London fintech startup Flux which will see the US fried chicken chain go paperless. From today, users of digital banks Monzo and Starling, as well as select Barclays customers in the near future, will be able to receive digital itemised receipts for transactions in their banking apps when they [...]
McDonald’s kicks off National Apprenticeship Week with 750 apprenticeships March 3, 2019 McDonald’s will today announce more than £2m worth of apprenticeship opportunities for new and current employees in the UK this year, making use of the government’s apprenticeship levy. The fast food chain plans to create 750 new apprenticeship spaces in the UK. McDonald’s promised last summer that it would employ 43,000 apprentices in Europe by [...]
Pimlico Plumbers boss Charlie Mullins takes home £4.9m in dividends March 3, 2019 Plumbing millionaire Charlie Mullins bagged £4.9m in dividends from his Pimlico Plumbers business last year, according to new accounts. The figure includes £1.6m in post year end dividends. In addition to dividends, Mullins and his son Scott, took home a combined £711,512 in pay for their work as directors of the company, taking their income [...]
Ebay launches strategic review after activist investor pressure March 1, 2019 Ebay has given into pressure from activist investors Elliott Management and Starboard Value to launch a strategic review of the company. The online auction website will appoint two new board members and review the company’s Stubhub and Ebay Classifieds Group. Read more: Ebay shares spike as activist investor Elliott reveals $1.4bn stake Jesse Cohn of [...]
Hipster investor The Craftory leads $30m funding round in vegan startup March 1, 2019 New “hipster” investor The Craftory has led a $30m (£22.59m) funding round in artificial intelligence meat substitution company Notco. Amazon founder Jeff Bezos’ family office Bezos Expeditions and existing investors Kaszek Ventures and Indiebio also took part in the round. Read more: New 'hipster' firm is investing $300m in challenger consumer brands Notco produces plant based replacements [...]
A lesson in resigning etiquette from the newly formed Independent Group March 1, 2019 Thinking about leaving your job? Research from insurance firm LV suggests that UK workers change employers every five years on average. Whether it’s career progression, a fresh start, or escaping an unpleasant boss, there are many reasons why we decide to call it a day on a job. Last week, MPs from both sides of [...]
Customers unable to access Revolut app after digital bank suffers outage March 1, 2019 Revolut customers were unable to use the digital bank’s app this morning after the firm suffered a technical glitch. The Revolut app was unable to process card top ups and money transfers for at least four hours today while the challenger bank attempted to fix the problem. Read more: Revolut pushes ministers for fast-track tech [...]
London startup numbers rise in face of Brexit uncertainty March 1, 2019 The number of new startups created each year in London is higher now than it was before the EU referendum, according to public data. While 205,325 new businesses started life in 2016, the year of the Brexit vote, entrepreneurs founded 216,204 companies last year, the Office for National Statistics (ONS) data reveals. Read more: The [...]
New solutions needed for defined benefit pension schemes March 1, 2019 | City Talk The Cass Pensions Institute says new solutions are needed in stressed defined benefit pension schemes to prevent intergenerational inequities. The Institute has responded to the Department of Work and Pensions Green Paper, Security and Sustainability in Defined Benefit Pension Schemes. The Greatest Good 2 paper follows up and reconfirms the findings of an 2015 Pensions [...]
Snoop Dogg-endorsed fintech Klarna issues shares in £82m fundraising round March 1, 2019 Online payments firm Klarna has issued shares in a bid to raise 1bn Swedish krona (£82m) from existing investors, and said it will launch a larger external fundraising round later in the year. The Swedish fintech company, which in January welcomed a $2.5bn from none other than rapper Snoop Dogg, acquired a Swedish banking license [...]
