Gimme 5 May 18, 2014 …STARTUPS CROWDFUNDING THIS MONTH Readbug Target: £50,000 for 10 per cent equity The “Spotify or Netflix” for magazines, Readbug provides unlimited newsstand content for a monthly subscription fee. Raised: £23,510 via Seedrs 50 days left Lovestruck Target: £800,000 for 23.8 per cent equity The premium hyper-local dating service, which matches urban professionals to others who [...]
Rathbones set to smash past the £25bn fund management barrier May 14, 2014 RATHBONE Brothers, the FTSE 250 listed wealth manager, yesterday said its two recent acquisitions of fund units would boost its funds under management by 12 per cent once the deal was complete. The firm, which caters for well heeled clients, acquired Jupiter Asset Management’s private clients business and Deutsche Bank’s London wealth management team earlier [...]
Royal London boss calls on FCA chief to look at pension rules May 13, 2014 THE BOSS of mutual Royal London has called on the financial regulator to tighten up the rules on advice offered to people on their retirement, specifically around pensions. Announcing the group’s first quarter results, Phil Loney said the government’s guarantee of guidance, outlined in the Budget in March, does not go far enough. “There is [...]
UK schools fail to understand finance careers May 11, 2014 A GENERATION of teachers and parents with poor understanding of financial services is deterring young people from pursuing a career in the sector, according to a survey released today. The YouGov poll, which was conducted on behalf of the Chartered Institute for Securities & Investment (CISI), found that over 60 per cent of teachers have [...]
Driving change May 11, 2014 Annabel Palmer talks to Engine Group’s UK CEO Debbie Klein UNDER Debbie Klein’s leadership in the mid-2000s, WCRS became a Top 10 Advertising Agency for the first time in its 30-year history. Later, as UK-joint chief executive, Klein doubled revenue at the Engine Group (the UK’s largest independent communications company). Today, she is steering that [...]
The week in brief May 11, 2014 Publicis Group and Omnicom merger falls apart Publicis and Omicom, two of the world’s biggest advertising firms, have called off ther proposed merger. The $35bn (£22.8bn) deal would have formed the world’s largest ad agency. It was claimed last July that the merger would enable the two giants to compete more effectively in the digital [...]
Pedal to the metal May 11, 2014 Annabel Palmer meets POD Point founder Erik Fairbairn, who’s helping drive the electric car revolution IT’S RARE to find an entrepreneur who, just midway through growing a business, is entirely candid about their exit plan. But Erik Fairbairn – founder of POD Point – plans to create 10 companies “this lifetime”. At 37, and already [...]
Gimme 5 May 11, 2014 …UPCOMING EVENTS FOR ENTREPRENEURS TechPitch 4.5 14 May, 6.30-10pm Eight tech startups will present their business ideas and revenue models during a three-minute pitch, followed by a five-minute Q&A by a panel of judges. 4pt5.co.uk Programming for Non-Programmers 17-18 May, 9.30am-5.30pm The Programming for Non-Programmers Bootcamp is a workshop series at General Assembly designed to [...]
New airline turns to crowdfunding to launch business class-only flights April 30, 2014 A new airline set up by a Goldman Sachs alumnus, which hopes to bring back business class-only flights to the States, is raising up to £5m through crowd-funding. Odyssey Airlines was founded by Adam Scott, a former banker who has assembled a team of start-up veterans including some of the founders of Silverjet, whose [...]
Ahead of the curve April 27, 2014 Annabel Palmer talks data with Tash Whitmey, UK chief executive at Havas EHS CREATIVE agency Havas EHS aims to be a market leader in delivering ideas, powered by data, for a digital world. At its helm sits Tash Whitmey, long-time champion of data’s potential. She tells City A.M. how she is driving relevant targeted communication. [...]
