Lloyds faces landmark legal action in the High Court over pensions equalisation July 4, 2018 Lloyds Bank could have to fork out up to £508m to equalise its pension scheme if a landmark course case finds it has discriminated against female employees. Three female members of Lloyds' pension scheme claim they have been discriminated against because their pensions increase at a lower rate than their male counterparts. The case, which [...]
This bull market has relied on technology shares July 4, 2018 | City Talk This has been a long and unusually hesitant and worried bull market. Indeed, there have been a substantial number of sectors that have lived through their own bear markets whilst the overall indices push on to new highs. The US has outperformed the other advanced country equity markets and China easily over the twelve months, [...]
Tokenising Gold – City A.M.’s Crypto Insider Interviews Jinbi co-Founder Joe Crawley July 3, 2018 London-based Joseph Crawley heads up the gold mining operations and corporate strategy for Jinbi Token, a UK and Belarus-based gold-backed blockchain business. Jinbi merges traditional gold investment with blockchain technology, which allows the token holder to experience the best of both worlds. Joseph is an expert in precious metals, trading, and mining and understands well [...]
Pension savers hoping for ’74 per cent of salary’ in retirement may face a shock July 3, 2018 | City Talk After a lifetime of saving, investors may be in for a shock when they come to retire, the results of a global study suggest. Investors close to retirement (aged 55 and over) expect they will need income equivalent to 73.9 per cent of their current salary to afford to live comfortably in retirement. But those [...]
Revealed: June’s top and bottom performing funds July 2, 2018 | City Talk June was dominated by trade war fears as Donald Trump said he would add further tariffs on Chinese and European goods should there be any retaliation to his initial tranche of measures. The prospect of mercantilist trade policies unnerved investors concerned about future growth. There are few, if any, real winners in a full-blown trade [...]
Tom Davies talks eyewear, designing glasses for Clark Kent, and moving his factory from China to Brentford July 2, 2018 What do Ed Sheeran, Angelina Jolie, and Carrie Fisher, have in common? They’ve all worn spectacles created by luxury eyewear designer Tom Davies. The entrepreneur’s designs are highly sought after. Not only does he count celebrities among his clientele, but his glasses have appeared on the big screen. In 2014, he was asked to design [...]
Peer-to-Peer lender Zopa back in the black July 2, 2018 Peer-to-peer lender Zopa is back in the black as the firm's profit after tax for 2017 hit £1.5m. The financial firm, which matches borrowers with people looking to invest, reported a revenue increase of 40 per cent to £46.5m in its annual report for last year. The amount of money paid out by the lender [...]
For your eyes only: meet luxury eyewear designer Tom Davies July 2, 2018 WHAT do Ed Sheeran, Angelina Jolie, and Carrie Fisher, have in common? They’ve all worn spectacles created by luxury eyewear designer Tom Davies. The entrepreneur’s designs are highly sought after. Not only does he count celebrities among his clientele, but his glasses have appeared on the big screen. In 2014, he was asked to design [...]
Monzo losses deepen in 2018, as operational costs increase faster than growth July 2, 2018 Digital challenger bank Monzo has seen its losses increase fourfold over the last year, logging pre-tax losses of £33.1m in the year ending February 2018. Up from just £7.9m the year before, Monzo said this was the result of its operating costs ballooning from £8m to £34.9m as it invested heavily into becoming "a fully [...]
Last Week in the City: Amazon buys a pharmacy June 29, 2018 | City Talk Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (25 to 29 June 2018). The FTSE 100 traded little over the week, despite a rally in oil prices. There was more bad news from the retail sector after The John Lewis Partnership warned on profits [...]
