Transferwise set for second round of fresh funding as expansion continues February 29, 2016 Online money transfer service Transferwise is closing in on a new round of funding, just 12 months after a $58m raising led by US venture capital firm Andreessen Horowitz. Transferwise still has around half of the previous rounds’ cash in the bank, City A.M. understands. Transferwise is in talks with big name investors including existing [...]
Jupiter Fund Management share price down despite firm celebrating “another successful year” in “challenging market conditions” February 29, 2016 Shares in Jupiter Fund Management closed down by 1.19 per cent today, despite the firm hailing "another successful year" in 2015 despite "more challenging market conditions in the second half". The FTSE 250-listed financial services sector firm reported its assets under management (AUM) were up 12 per cent to £35.7bn last year. Jupiter’s earnings before [...]
Female accountants beware: Women in the profession take home on average £17,000 less a year than their male counterparts, but the gap is getting narrower February 29, 2016 Female accountants might want to check the numbers in their pay packets, after a survey released today pegged the gender pay gap in the profession at around £17,000. According to a study by accountancy and financial recruiter Marks Sattin based on 2015 earning figures, women working in accountancy take home £67,680 a year on average, while [...]
Peel Hunt initiates coverage of UK challenger banks and specialist lenders, forecasting Aldermore, OneSavings Bank and Shawbrook will deliver average return on equity of 21 per cent February 29, 2016 Analysts at the stockbroker Peel Hunt initiated coverage of three of Britain's challenger banks today, naming Shawbrook their "top pick" among smaller lenders. In a note out this morning, analysts Anthony Da Costa and Stuart Duncan said that after a "period of significant share price weakness", there is "currently an opportunity to acquire high-quality/high return specialist lending businesses at [...]
Saving with traditional banks? Shopping around to challengers like Charter Savings Bank, Aldermore, Sainsbury’s or Virgin Money could help reduce risk while increasing your reward February 29, 2016 People are saving more: according to last week's figures from the BBA, personal deposits grew 3.7 per cent in the year to January. But at a time when the base rate is frozen at 0.5 per cent and looks set to remain at record low levels well into 2017, you could be forgiven for wondering why anyone would want to increase [...]
Problematic worker? You probably aren’t communicating what you want from your team February 29, 2016 Being a manager is a hard job. And it doesn’t get much harder than when you have to tell someone they aren’t making the grade. I’ve been witness to many such meetings and all too often, it was the manager who left feeling dejected, not the employee. Why? Because during the conversation it became clear [...]
House purchase approvals hit two-year high as buy to let investors rush to beat April’s stamp duty change February 29, 2016 Mortgage lending picked up in January as buy to let investors rush to buy properties before a hike in stamp duty in April. Net mortgage lending rose to £3.7bn in January from £3.2bn in December, according to figures published by the Bank of England this morning. There were 128,709 mortgages approved. Approvals for house purchase, as opposed to [...]
Andy Murray invests in five more British start-ups through Seedrs equity crowdfunding platform – Oppo, CommuterClub, Landbay, We Are Colony and Readbug February 29, 2016 Tennis star Andy Murray has announced his first 2016 investments into crowdfunding equity platform Seedrs. Britain’s top seed will back a range of British start-ups, including the Guardian’s 2015 Start-up of the Year Oppo Ice Cream, annual train subscription service CommuterClub and peer-to-peer lender Landbay, which recently announced a strategic partnership with Zoopla. His final two [...]
Tottenham Hotspur’s investors can now look to score with Asset Match February 29, 2016 ONLINE shares marketplace Asset Match has today announced that in response to interest from shareholders, it will host a series of share auctions in Premier League high flyers Tottenham Hotspur, starting in March. Spurs’ shares delisted from Aim in January 2012, saying that being publicly owned restricted the club’s ability to secure funding for its [...]
Why good culture is so important in business February 29, 2016 What is business culture? In the simplest terms, it is the culmination of behaviours and attitudes of individual people within a company that gives the firm its distinctive identity. The late London Business School professor Sumantra Ghoshal called it “the smell of the place”. A healthy culture can be a core driver of positive business [...]
