As DeFi gathers momentum, how will regulators protect investors? – CityAM : CityAM August 25, 2021 Decentralised (DeFi) Exchanges continue to gain a growing number of users as the level of trading and wide selection of assets and services they offer expands. The total value of assets in DeFi is now over $84billion compared to only $1.8 billion in June 2021. So, what is driving this expansion of DeFi? DeFi enables owners [...]
Ever wondered what life is really like at eClerx? We got the inside scoop August 25, 2021 eClerx was founded in 2000 by Anjan Malik and PD Mundhra with the goal of transitioning, managing and transforming complex business processes. Following successful careers in investment banking, Anjan and PD, graduates of University of Pennsylvania’s Wharton School of Business, jointly identified significant opportunities for providing innovative services and solutions to large global companies undergoing [...]
Pension trustees warn Morrisons bidders of risk to retirement pots August 25, 2021 Private equity firms circling Morrisons have been warned buyouts would hinder its ability to support staff retirements by pension trustees. Trustees of pension assets worth £5.5bn said the proposed buyout would undermine the covenant protecting the retirement funds of members. Both Clayton, Dubilier & Rice and Fortress should offer improved financial security to scheme members [...]
Lloyd’s losses set to swell to £2bn as surge in business interruption claims squeezes bottom line August 24, 2021 Insurance market Lloyd’s is set to swing to a £2bn loss, triggered by a surge in claims on business interruption policies, according to fresh analysis. Research from Insurance DataLab shows the London market nursed losses that were £1.6bn higher than 2019’s figure last year. Lloyd’s abysmal performance last year was driven by a poor performance [...]
CPP revenue climbs ten per cent in half year results August 24, 2021 CPP Group, a multinational personal protection and insurance provider, has announced solid results for the first half of the year. Group revenue climbed by ten per cent year on year to £66.4m while EBITDA from operations increased by 37 per cent to £2.6m. After seeing a loss for the period of £0.7m in the first [...]
ESG investing now mainstream, but who’s holding ‘greenwashed’ portfolios to account? August 24, 2021 Environmental, social and governance (ESG) concerns are rising up the agenda of investors, who are increasingly more attentive to the impact of their investments. Beyond financial performance, investors are looking at their portfolios in relation to ESG factors, but how can they assess the ESG credentials of companies and funds when the data is scattered [...]
Under the bonnet: Why a financial MOT should be on your to-do list August 23, 2021 Just like your car, your finances need keeping an eye on to ensure everything is running smoothly. Even if you have a solid financial plan in place, it still needs to be updated from time to time to ensure it reflects any life changes. Clients of Brewin Dolphin’s financial planning service have their arrangements reviewed [...]
Workers of the world unite! How the post-pandemic recovery is increasing the bargaining power of labour August 23, 2021 More than 114 million people lost their jobs over 2020, according to the International Labor Organization. Even more saw their working hours and wages cut. The worst affected industries were accommodation and food services where global employment declined by over 20%, followed by retail. These sectors were particularly hard hit by lockdowns, forced closures and plummeting tourism. Women and younger workers were badly affected. You could be [...]
Flying high: Former RBS and RSA boss Stephen Hester to be next Easyjet chairman August 23, 2021 City heavyweight Stephen Hester, who led RBS and insurer RSA, has been named the next chairman of budget airline Easyjet. Easyjet this morning named Hester as its director and chair designate. Hester will join the Board as a non-executive director on 1 September and then he will succeed John Barton as the airline’s chair on [...]
Government urged to cut National Insurance costs for small firms August 23, 2021 Small businesses have called on the Government to slash employer National Insurance contributions as firms face rising costs and labour shortage challenges. Just under two thirds (64 per cent) of respondents to the quarterly Full Small Business Index (SBI) report, said their operating costs had risen over the past year. The Federation of Small Businesses [...]