Over 65s face less inflation than millennials due to the supermarket price war July 19, 2016 The over 65s have the lowest real inflation rate of any age group because of the supermarket price war, according to research from Fidelity International. The report from Fidelity shows the over 65s experience an inflation rate of 0.3 per cent, while millennials (under 30s) face an inflation rate of 0.9 per cent – the highest of any [...]
Closed-ended investment company assets reach record high despite “challenging” 2016 July 19, 2016 Total assets under management (AUM) in closed-end UK investment companies, including trusts, reached a record high of £141bn at the end of June, according to new figures. The Association of Investment Companies (AIC) today reported that nearly £5bn of assets were added to the total during June. As well as being up from £134bn in June 2015, the amount [...]
Languages will become a more valuable resource for UK firms after Brexit July 19, 2016 English has long been considered the lingua franca of business. But when Britain leaves the EU, the proportion of native English speakers inside the bloc will fall from 14 per cent to 1 per cent, and senior EU officials have questioned whether English should remain one of its official languages. It’s important that UK businesses [...]
Arm Holdings is just the start of a great British asset sale July 18, 2016 The UK’s vote to leave the EU was seen by some Brexiteers as a chance to reclaim the country’s borders, draw up a new fortress UK, as well as make a protest vote against the rise in inequality after the financial crisis. But in the investment markets, the drawbridge has already been lowered. Thanks to [...]
Companies increasingly turning to unsustainable sources of cash to keep on top of their defined benefit schemes July 18, 2016 Final salary scheme liabilities are now so out of control that firms are forced to fund them using unsustainable sources, new research has found. The study by Barnett Waddingham, seen exclusively by City A.M., discovered just less than a third (30 per cent) of the listed companies it examined either used external sources of finance or drew on their cash reserves [...]
Santander’s added $100m to its fintech venture fund July 18, 2016 Santander is ploughing a further $100m (£75.3m) into its venture fund to invest in fintech startups around the world. The cash doubles the bank's UK-based venture investment fund, Santander InnoVentures, which has already invested in blockchain startups Ripple and Digital Asset Holdings. “A deeper investment in our fintech fund represents Santander's success in investing in disruptive new technologies that will help [...]
MPs call for post-Brexit digital plan – or risk UK’s fintech success July 18, 2016 The UK's position as a world leading centre for fintech is at risk if the government fails to address the issues facing the £20bn a year industry as a result of the vote to leave the EU, a leading group of MPs have warned. The government must act now to stop investor confidence in the UK's tech and [...]
Platform seeks to unlock secondary crowdfunding market July 18, 2016 A crowdfunding platform has announced plans to pioneer a secondary market, with the aim of unlocking more liquidity for investors. Crowdcube made the announcement today as it seeks to raise £5m in its latest funding round, enabling the public to invest alongside venture capital backer Balderton Capital. Read more: Forget Brexit: Crowdcube is eyeing a [...]
Four reasons you’re running team meetings all wrong July 18, 2016 According to the Many-Worlds Interpretation of Quantum Mechanics, there are an infinite number of universes where everything that could happen has happened. Which would mean that somewhere in this multiverse the England football team are the current World and European champions, Jeremy Corbyn is Prime Minister, and Danny Dyer has won an Oscar. There [...]
London-based crowdfunding platform expands with new Amsterdam office July 18, 2016 London-based crowdfunding company Seedrs has expanded its international presence with a new office in Amsterdam. The commercial team, which will target the Benelux – Belgium, the Netherlands and Luxembourg – is Seedrs’ first to be placed on the ground outside of the UK. The platform said it intends to open more offices in the “near future”. The [...]
