Business expansion doubles Arrow Global’s profit August 30, 2018 European asset manager Arrow Global today revealed that profit after tax more than doubled this year, driven by business expansion. The figures Profit after tax rose by more than 100 per cent to £8.5m in the first half of this year, compared to £3.7m in the same period in 2017. In the six months to 30 June [...]
Lender Amigo hails surging revenue but profits count the cost of IPO August 30, 2018 Amigo witnessed a 50 per cent leap in sales across the first quarter of its new financial year, but its share price remained flat as the costs of its recent stock market float impacted profits. The figures The lender reached £62.9m revenue for the three months to the end of June, a whopping 47 per [...]
City Moves for 30 August 2018 – who’s switching jobs at Atrato Capital, Investec Corporate Treasury, Amundi and Colliers International? August 30, 2018 Today's City moves cover real estate investment, money markets, property and asset management. Take a look at these movers and shakers: Atrato Capital Atrato Capital, the UK real estate investment manager, has strengthened its team with the appointment of two property specialists from Lloyds Banking Group. Lara Townsend (pictured) has been appointed as managing director, [...]
Africa needs fintech – but fintech needs Africa more August 30, 2018 What a difference a couple of decades make. At the turn of the century, Tony Blair remarked that “the state of Africa is a scar on the conscience of the world”. This week, on her first official visit to the continent, Theresa May embraced a new vision of optimism and hope. Read more: Theresa May [...]
Three major growth themes August 29, 2018 | City Talk Scientific advances bring both threats and opportunities for investors. Technological progress can render some business models obsolete, but at the same time open up new avenues of growth and wealth creation. Taking a thematic approach is one way to try and profit from a changing world. This involves investing in a collection of companies in [...]
UBS closes robo-advisor Smartwealth after less than two years August 29, 2018 Swiss banking giant UBS has closed its robo-advice service Smartwealth less than two years after its UK launch. The platform, which was established in November 2016, had satisfactory commercial progress, UBS said in a statement, but was shut down after the "near-term potential" was judged to be limited. Customers were told that money will continue to [...]
City Moves for 29 August 2018 – who’s switching jobs at JLL, City of London Group, The Insolvency Practitioners Association and Mayer Brown? August 29, 2018 Today's City Moves cover workplace strategy, risk, insolvency practitioners and legal eagles. Take a look at these movers and shakers: JLL JLL has appointed Guzman de Yarza Blache as head of its workplace strategy business practice in Europe, the Middle East and Africa (EMEA). Guzman joined JLL in 2016 as head of workplace strategy and [...]
Revealed: The skills that will get you jobs with the highest salaries August 28, 2018 Automation isn’t just putting lower-earning jobs at risk; it’s a threat to higher-earning roles too. While AI is putting the likes of customer service agents’ roles are under threat , the technology could replace up to half of banking jobs too, according to Barclays’ former boss Antony Jenkins. Read more: Technology could replace half of [...]
DEBATE: As UBS factors in Instagram influence, should investors value a brand’s social media presence? August 28, 2018 As UBS factors in Instagram influence, should investors value a brand’s social media presence? YES, says Rashid Ajami, founder of Connectt. Social media engagement has changed dramatically in recent years, moving from a more traditional form of display advertising that is pushed directly into people’s newsfeeds towards a more considered strategy where brands engage in real-time interactions [...]
Change is coming. Are you ready to reinvent yourself and your business? August 28, 2018 You can't keep good people down. That’s the takeaway from Usain Bolt’s decision to hang up his running shoes and don his football boots with Australian club the Central Coast Mariners. He used his 32nd birthday last week to practice with the club for the first time and, in so doing, reinvents himself from an [...]
