Premier Miton assets up 38 per cent as post-merger growth continues May 28, 2021 Premier Miton’s assets under management rose to £12.6bn in the six months ended 31 March, a 38 per cent year-on-year increase. The group also swung to net inflows of £359m during the period, compared to outflows of £389m in 2020. Pre-tax profit rose 17 per cent to £6.2m, while the group proposed an interim dividend [...]
Loyalty penalty on home and motor insurance to be scrapped May 28, 2021 Renewal quotes for home and motor insurance customers will soon not be more expensive than they would be for new customers, in a bid to tackle loyalty penalties in the insurance sector. Millions of home and motor insurance customers lose out if they renew repeatedly with their current providers, according to the city regulator. In [...]
Can Britain keep expanding its playbook for tech regulation without strangling innovation? May 28, 2021 Europe has a reputation for heavy handed regulation. This is often blamed for putting the brakes on innovation and holding back tech businesses in the UK and across Europe. The arrival of GDPR rules, setting out a prescriptive approach for personal data, was a headline grabbing shift with hefty fines which caused reverberations across the [...]
Twitter to charge £2.45 for new ‘Blue’ monthly subscription service May 28, 2021 Twitter has listed a new subscription service on app stores, signalling that the social media giant is preparing to trial the offering soon. Twitter Blue, which is priced at £2.49 in the UK, is not yet fully enabled for users and the company has refused to give further details. ‘Undo tweets tool’ Technology blogger Jane [...]
John Lewis goes on senior hiring spree in push to modernise brand May 28, 2021 John Lewis has made three new senior hires to support its plans to transform and grow the business after a tough year. The new hires will focus on developing John Lewis’s online store, the retailer’s physical estates and branding. Steve Masterton will become director of online trade. He joins the partnership from Dunelm, where he [...]
Credit Suisse ‘bankrolled Gupta despite warnings’ from colleagues elsewhere at bank May 28, 2021 Executives at Credit Suisse ignored warnings from colleagues about troubled Sanjeev Gupta, pressing ahead with funnelling billions to his business despite others at the bank blacklisting the steel tycoon. The warnings from one set of executives did not stop others at Credit Suisse transferring $1.2bn of client funds to steel tycoon Sanjeev Gupta, Bloomberg first [...]
Silence around mental health and suicide is no longer an option May 28, 2021 Matthew Halstead CA, Co-Creator and Trustee at sidekick, discusses his ongoing relationship with his mental wellbeing, having the strength to take a step back and doing what makes you happy Can you share some of the struggles you’ve had with your mental health? At around 14 I became aware that when things were either going wrong [...]
Crowdfunding: Fintech app Curve rakes in £10m in just 54 hours May 28, 2021 Fintech app Curve has raked in nearly £10m in just 54 hours, in the largest equity raise on crowdfunding platform Crowdcube’s record. A collection of 11,795 investors pushed the equity raise into near double digits, breaking multiple records during Crowdcube’s campaign. Closing at 3pm yesterday, investors raised £9.9m. The fintech app, which connects all bank accounts [...]
Who will be the winners from the UK’s lockdown lifting? May 28, 2021 The UK continues its steady emergence from lockdown. Shops, gyms and outdoor hospitality reopened in April, with hotels, cinemas and indoor dining now following suit. All being well, further restrictions could be lifted in June. The lockdowns of the last year have undoubtedly benefited online grocers and food delivery services. But we’ve reached a crucial [...]
US shoppers behind Klarna’s recent platform transaction boom May 28, 2021 Swedish ‘buy now, pay later’ company Klarna has reported a jump in transactions using its platform in the January to March quarter, helped mainly by growth in the United States. Klarna’s gross merchandise volume (GMV) – the value of transactions made using its payment platform – nearly doubled to $18.9bn in the first quarter from $9.9bn a [...]
