Zoom revenue surges on continued pandemic video-conferencing demand September 1, 2020 Video-conferencing provider Zoom last night blasted through analyst revenue and earnings expectations for the second quarter as the coronavirus pandemic continued to drive demand for its services. Shares of Zoom, which have surged almost four-fold this year, leaped 38 per cent in pre-market trading, having hit a record closing high of $325.10 yesterday. Video-conferencing platforms, [...]
Debenhams sets bidding deadline for potential buyers September 1, 2020 Struggling department store chain Debenhams has set a deadline for potential buyers to make offers for the company today as it seeks to avoid further closures and job losses. Investment bank Lazard, which is overseeing the sales process, has set a deadline of 5pm this afternoon, Sky News reported. Debenhams recently entered administration for the [...]
Netflix to allow non-subscribers to watch some films and shows for free September 1, 2020 In another bid to attract new viewers, Netflix is now offering non-subscribers the opportunity to watch its series and films for free without creating an account. The streaming platform is currently offering the first episodes of series like Stranger Things, When They See Us, and Grace and Frankie. Netflix will prompt viewers to subscribe to [...]
Greencoat Wind to buy SSE wind farm stake for £350m September 1, 2020 Renewable investment fund Greencoat Wind will buy SSE’s 25.1 per cent stake in two wind farms off the coast of Cumbria for £350m. The Walney wind farms, which are situated nine miles off the Cumbrian coast, have a capacity of 367.2 megawatts. Danish power company Orsted holds a 50.1 per cent stake in the assets, [...]
The Race for Digital Asset Supremacy September 1, 2020 The financial services industry is in the midst of a generational transition. Where once cryptocurrencies and digital assets represented a counterculture movement, developed as a direct response to the failings of the financial system in the 2008/9 financial crash, today they have become a central part of the financial services industry. The adoption of digital [...]
FTSE 100 reshuffle: ITV set to tumble from the big league September 1, 2020 The FTSE 100 is set for another dramatic reshuffle as the blue-chip index adapts to life during the coronavirus pandemic, with telly stalwart ITV almost certain to drop from the list and bargain retailer B&M likely to rise. FTSE Russell, which runs the index, will decide who’s up and who’s down according to prices at [...]
Ex-Prince William aide Simon Case appointed as new cabinet secretary September 1, 2020 Former adviser to Prince William, and Boris Johnson ally, Simon Case has been appointed as the UK’s top civil servant. Case will take over as cabinet secretary, and head of the civil service, on 9 September after serving as Number 10’s permanent secretary. Case was seconded from Prince William’s private office to assist Number 10 [...]
Decentralised Finance aka “DeFi” – A Bigger Bang September 1, 2020 In 2008 the financial world changed when Bitcoin was released into the wild and started the decentralised financial (“DeFi”) revolution which is now gathering pace. This was a Big Bang event and this new DeFi universe expanded quickly, initially there were just clones of Bitcoin, one project was very different from Bitcoin. That project is [...]
Unfinished Business September 1, 2020 Back in 2015, I co-founded a challenger Bank called Starling with a super smart group of people (plus me) with different talents – mine was technology – and with a common drive, determination and goal ‘to change financial services for the better’. I think we went a long way in achieving that aim, helping people [...]
Tony Abbott: UK-Australia freedom of movement could begin on 1 January September 1, 2020 Former Australian Prime Minister Tony Abbott has said there could be freedom of movement between Britain and Australia from next year as the two countries look to strike a free trade agreement. Abbott, who is tipped to become Britain’s joint president of the Board of Trade, told a virtual event today that a UK-Australia trade [...]
