Truffle hustle: Courts shut down scammers in £9m high-value truffle farm investment racket December 13, 2018 Courts have shut down five companies behind a £9m scam which promised unwitting investors a share of the proceeds from fictional high-value truffle farms all over the globe. The companies told investors their savings were funding oak and hazel tree saplings inoculated with truffle spores. The truffles would then be cultivated and sold, with investors and [...]
Three reasons to diversify in the hunt for equity income December 13, 2018 | City Talk Obtaining additional income is the primary goal for many investors, yet achieving it can be hard. Here we look at three ways diversification can potentially bring wider opportunities for income-seekers who invest in shares: Relying on just a few stocks for income can be risky – they may cut their dividends or the share price [...]
Giving to a charity at Christmas is great, but we should think of helping others all year round December 13, 2018 It is nearly Christmas, and it is well known that the theme of the season is the giving of gifts and thinking of others. As a result, it is also a popular time of year for people to give to charity. In fact, data from the Charities Aid Foundation shows that November and December are [...]
Carrot or stick? For Aldi and Lidl, equal pay goes hand in hand with commercial success December 13, 2018 Kevin the Carrot, who once again features in Aldi’s Christmas advert, is proving a bigger hit with shoppers than even Elton John, star of the John Lewis ad. Soft-toy versions of the animated vegetable sold out at 4am on the day of release in some areas and have reportedly provoked fights among customers desperate to [...]
The next generation of City high-flyers are turning their backs on university December 13, 2018 When the alarm clock goes off and 19-year-old Luke Johnson has to get out of bed, shower, and put on a suit, ready to catch his train into the City, he may think wistfully for a moment of his friends from school who are still snoring away at university. “I did have a great offer [...]
‘Non-sexy’ is the new cool: UK fintech predictions for 2019 December 13, 2018 Despite the continued uncertainties of Brexit, 2018 was another year for the UK’s fintech sector. Record levels of investment poured into the community, with $16bn secured in the first six months of 2018, exceeding the value of investment in US fintech by almost $2bn. In addition, progressive regulation and a thriving financial services sector attracted [...]
Want to master the art of negotiation? You need emotional intelligence December 13, 2018 With so much focus on the detail – or lack thereof – in the UK’s proposed agreement for leaving the EU, you could be forgiven for thinking that deal-making is a technocrat’s art. For the negotiation teams here in the UK and Europe, technical expertise and competences about the issues at stake are, of course, [...]
City Moves for 13 December – who’s switching jobs at AK Jensen, City of London Group and Eversheds Sutherland? December 13, 2018 Who’s switching jobs? AK Jensen AK Jensen Group (AKJ), the financial services specialist serving institutional and hedge fund clients globally, today named Sher Malhi as its new Chief Financial Officer Sher joins AKJ at an exciting time, as the group expands from its hedge fund origins into the digital assets domain. Sher brings a wealth [...]
City hedge fund giant Crispin Odey backs emerging fintech startup Jumo December 13, 2018 City veteran and hedge fund titan Crispin Odey has backed UK-based fintech startup Jumo with a $12.5m (£9.9m) funding injection through his firm Odey Asset Management. The investment today marks the final close of Jumo’s most recent funding round, which raised $52m from Goldman Sachs as its lead investor. Other participants included the French Development [...]
It’s about time: Revolut secures a full European banking licence December 13, 2018 Fintech banking startup Revolut has finally secured a full European banking licence, more than a year after first applying for authorisation in Lithuania. As such, the banking-app-turned bank has today unveiled plans for full current accounts in Europe, as well as future efforts in developing its own consumer lending product. The startup will launch with the [...]
