Cash vs stock market: the difference in returns since Isas began March 7, 2018 Saving money into a cash Isa over the last 18 years would have returned four times less than a stocks and shares Isa, according to research by Schroders. Since 2009, the average savings account could even have lost you money. But while stocks and shares returns may have been higher, they have also been more [...]
The UK’s “largest Apple reseller” Jigsaw24 rakes in more than three-times money invested as private equity owner sells up March 5, 2018 Jigsaw24, the UK's "largest Apple reseller" according to the company, has raked in a return of 3.1 times money invested for its private equity owners. The business, which also provides IT and consultancy services, has been sold by NorthEdge to fellow private equity firm Alcuin Capital Partners. Jigsaw24, which counts names such as Barclays, Disney [...]
Interserve rescue plans boosted by white knight’s £140m debt trade | City A.M. March 4, 2018 A Scottish brewing tycoon has snapped up £140m of Interserve’s bank debt in a bid to save the troubled outsourcer. Multi-millionaire Punch Taverns founder Alan McIntosh has hoovered up debt on secondary markets from the likes of Barclays and Lloyds through family office investment fund Emerald Investment Partners. Keen to reduce their exposure to the [...]
Mid-cap stock brokers steal a march on bulge-bracket names as the Mifid II era begins February 26, 2018 The City’s bulge-bracket brokers have struggled with increased competition from mid-cap specialists, according to analysis of the biggest winners and losers in client numbers over the last five years. The top three gainers over the five-year period were Peel Hunt, Numis, and Liberum, all of which were founded long after some of London’s oldest financial [...]
Natwest to launch new fintech accelerator in London in April February 26, 2018 Natwest bank will launch new fintech accelerators in four cities across the UK in April, including one in the capital, it announced today. The bank will launch units in London, Manchester, Bristol and Edinburgh, supporting up to 80 fintech firms with a "technology team mentor" and access to government contacts. The six- to 18-month acceleration [...]
Gender pay gap: Royal Bank of Scotland Group (RBS) pays women 37 per cent less than men February 23, 2018 Royal Bank of Scotland Group may have announced its first annual profit in a decade this morning, but it wasn’t all good news for the state-backed lender. RBS said it pays women about 37 per cent less than men on average, largely due to men holding more senior roles. The bank announced that women held [...]
Now Lloyds Bank has published its gender pay gap with women earning 33 per cent less than men February 23, 2018 Lloyds Banking Group has become the latest UK lender to reveal its gender pay gap. Britain's biggest bank said on average it pays women in the company 32.8 per cent less than men. Its median gender pay gap was also 32.8 per cent. The lender said this was due to a larger proportion of men [...]
Barclays’s gender pay gap sees women earning 43.5 per cent less than men February 22, 2018 Barclays has revealed that women on average earn nearly half of what men do at the bank’s international division, in figures published today. The bank said its median gender pay gap, reflecting the difference between the midpoints in the ranges of hourly pay of men and women, was 43.5 per cent. Its mean gender pay [...]
Lloyds Banking Group to unveil £1bn share buyback and boost bonus payouts to £415m February 20, 2018 Lloyds Banking Group will unveil plans for a £1bn share buyback tomorrow along with boosted bonus payouts to staff. According to Sky News, Lloyds will reveal the news with its annual results tomorrow and a new three-year strategy. The bank is also expected to say that it will pay around £415m in bonuses to staff [...]
Barclays wins first round in £1.1bn legal battle with credit card firm CCUK February 20, 2018 Barclays has won the first stage in a legal battle with a US-based credit card company which is suing it for £1.1bn. The High Court today rejected an application for summary judgement against Barclays brought by CCUK, the British arm of Nasdaq-listed Atlanticus Holdings, in a complex case revolving around a PPI-style misselling saga. CCUK, [...]