Fintech start-up Lifetise begins crowdfunding push March 15, 2020 Award-winning start-up Lifetise has launched a crowdfunding campaign on the Seedrs platform, just weeks after its chief executive was named one of Innovative Finance’s rising stars of fintech. The platform, which helps people decide how to afford big life decisions like buying a house, was recently listed as one of the 2020’s most influential fintech [...]
Keith Wade: Is the world now heading for recession? March 13, 2020 | City Talk As I returned to the UK last weekend, my taxi driver talked of panic-buying and impending food shortages. Having wondered if I had stepped off at the wrong airport, it subsequently became clear that his thinking was very close to that of the markets. On Monday (9 March), equities sold off and credit spreads widened [...]
Commission-free* stock trading marks a new era for retail traders March 13, 2020 | Sponsored Modern technology has made retail trading accessible to all – literally at the tip of our fingertips – but it wasn’t always this easy. It’s fair to say that the technology underpinning online retail trading has come a long way since the days of pagers and dial-up modems (look it up, kids…). As we enter [...]
How to lead your business through a crisis like coronavirus March 13, 2020 Leadership, at every level, is about to be tested in a way in which it has never been tested before. We’re now in uncharted territory in the spread of Covid-19. The first thing to accept is that leading in a crisis is very different from leading in normal times. I learned that the hard way [...]
H20’s Alpha 10 fund suffers huge losses amid market rout March 12, 2020 A hedge fund run by H2O Asset Management reportedly suffered a large loss during this week’s market turmoil. The fund lost 15.8 per cent in one of its share classes on Monday, according to the Financial Times. Another share class of the fund reportedly lost 10.5 per cent in the same day. The $900m fund [...]
Fisheries and finance March 12, 2020 | City Talk Two of the key flashpoints in the Brexit negotiations could have wide-reaching consequences for industry and the pound. In a recent webinar from moneycorp talk, economist Vicky Pryce highlighted the importance of fisheries and financial services to the Brexit negotiations. If we look at the numbers alone, it would seem that financial services should take [...]
Arrow Global shares tumble as profit slips at asset manager March 12, 2020 Shares in Arrow Global slid this morning after the asset manager failed to hit the bullseye with its annual results, reporting a five per cent drop in profit. The figures Arrow Global reported a 5.2 per cent drop in underlying profit before tax, which slipped to £78.1m in 2019 from £82.4m the previous year. The [...]
Neil Woodford investors to share £141.7m payout March 12, 2020 Investors in Neil Woodford’s former flagship fund are in line to share a £141.7m payout as the liquidation of its assets continues. The capital distribution is the second since the process to wind up the Woodford Equity Income Fund (WEIF) began earlier this year. In January around £2.1bn was handed back to the 300,000 investors [...]
The Budget has recognised the potential of UK fintech March 12, 2020 All eyes were on the chancellor yesterday, as he delivered his first Budget against a challenging backdrop for the UK’s economy and health system alike. The focus was very much on backing the NHS, supporting small business, and boosting infrastructure spending across the country — and rightfully so, given the circumstances. We’ve also seen vital [...]
Budget 2020: Government announces review of UK funds regime March 11, 2020 The government will open a review into the VAT treatment of fund management fees as part of a wider look at the UK funds regime. Annual management charges levied by fund houses are currently VAT-fee, but the fees clients pay are subject to the tax. The consultation forms part of a broader review of the [...]
