Revealed: The 10 fintech startups in Barclays’ 2019 Techstars accelerator February 1, 2019 It's that time of year again: Barclays has unveiled the 10 startups that have made the cut for its annual fintech accelerator programme, powered by venture capital giant Techstars. Now in its sixth year, the 13-week programme puts the young companies through an intensive training course with access to mentorship from Barclays and industry experts, and [...]
Leave.EU and Arron Banks’ insurance firm fined £120,000 for illegal marketing February 1, 2019 The Brexit campaign Leave.EU and Arron Banks’ firm Eldon Insurance have been fined a combined £120,000 for unlawful marketing. The Information Commissioner issued the fines and said it would audit both organisations over their handling of personal data. The ICO found the campaign and the insurer were “closely linked” and that customers’ details were illegally used [...]
The Six Nations is becoming increasingly competitive but Ireland are still clear favourites according to a supercomputer February 1, 2019 The Six Nations has rarely been more competitive. Last year’s championship saw an average points difference of just 14 across the 15 games – the lowest since 2013 – according to Gracenote Sports. Although Ireland ran out Grand Slam winners, there were just five points separating second-placed Wales and fifth-placed England come the end of [...]
Sir Vince Cable condemns ‘shocking’ link between Treasury targets and RBS bosses’ pay January 31, 2019 Former business secretary Sir Vince Cable has hit out at “shocking” evidence that appears to suggest the pay of RBS’s top brass within its controversial global restructuring unit (GRG) was linked to Treasury targets. Fresh questions are being asked about the extent of the Treasury’s involvement in RBS’s GRG unit following allegations that emerged in [...]
Law firm DWF announces intention to float in UK’s largest legal listing January 31, 2019 Law firm DWF yesterday announced its intention to float on the main market of the London Stock Exchange in what would make it by far the largest law firm to go public worldwide. The firm would become just the sixth publicly traded UK law firm, the first to list on the main market and the [...]
Treasury under fire following allegations it had ‘influence’ over RBS GRG unit January 30, 2019 The Treasury has been accused of a “flagrant breach” of the arms-length relationship it had with RBS during the financial crisis following allegations that a Whitehall agency exerted influence over the bank’s controversial restructuring unit. On Tuesday allegations came to light via a legal claim by one of RBS’s former customers, Oliver Morley, that the [...]
London listings in slowest start since 2010 as Brexit worries dampen market January 30, 2019 London’s IPO market has got off to its slowest start since the financial crisis this year as the looming Brexit date dents investor confidence. London Stock Exchange (LSE) data, shows that in the year to 29 January just £680,000 has been raised in London initial public offerings (IPOs). By 29 January 2018 £40m had been [...]
City Moves for 30 January – who’s switching jobs at Wesleyan, Horizon and Winckworth Sherwood? January 30, 2019 Who’s on the move today? Wesleyan Wesleyan, the specialist financial services provider – provides specialist financial advice and solutions to doctors, dentists, lawyers and teachers – has appointed Mario Mazzocchi as its new chief operating officer (COO). Mario previously spent 15 years with Lloyds Banking Group, most recently as COO for the Insurance and Wealth [...]
New Lloyd’s boss John Neal apologises for ‘unacceptable’ results as he sets out his vision for the future January 29, 2019 The new chief executive of Lloyd’s of London apologised for the insurance markets’ “unacceptable” performance and unveiled a plan to get it back on track in his first public speech today. John Neal, who joined Lloyd’s four months ago from insurer QBE, took the job against a backdrop of poor results at Lloyd’s which suffered [...]
Former Virgin Money chief Jayne-Anne Gadhia hunts for investors in new tech startup January 28, 2019 The former head of challenger bank Virgin Money is to set up her own fintech startup, designed to save consumers money on their household bills. Dame Jayne-Anne Gadhia has approached several investors regarding a new company called Snoop, which will take advantage of Open Banking rules to utilise data about customers' spending habits, according to reports [...]