Revolut revenues surge as firm says it’s on the road to profitability June 22, 2021 Fintech firm Revolut made an adjusted full-year operating loss of £122m last year but a spike in customer numbers, the firm says, means it is on the path to profitability. Customer numbers jumped 45 per cent in the year ending 31 December and the firm’s adjusted revenues surged by 57 per cent to £261m, up [...]
Analysts warn Rishi Sunak: Treasury’s pensions raid could be ‘hugely risky’ June 21, 2021 The Treasury is eyeing pensions taxation as one way to pay for the cost of the pandemic, it was reported this morning. Although there are no plans to make changes to the triple lock, the Treasury is looking at three ways to change the ways in which pension contributions are taxed, which some analysts have [...]
Treasury planning ‘pensions raid’ to pay for pandemic costs June 21, 2021 The Treasury is looking at pensions taxation as one way to pay for the cost of the pandemic, although there are no plans to make changes to the triple lock. The Treasury is looking at three ways to change the ways in which pension contributions are taxed, the Telegraph first reported. Government is reportedly looking [...]
Why the Covid Recovery Commission is right to put focus on skills June 21, 2021 | City Talk The City of London Corporation is urging Square Mile SMEs to get involved in discussions about how to support the recovery from the COVID-19 pandemic and enable growth into the future. The SME Strategy Focus Groups will be used to help inform the City Corporation’s very first strategy aimed at small to medium sized businesses. The new strategy is being developed to identify [...]
Unicorn nest: UK hits milestone of 100 $1bn tech companies, more than rest of Europe combined June 20, 2021 The UK tech sector has now 100 UK tech companies valued at $1bn or more, according to new data from Dealroom and Tech Nation, shared with City A.M. this weekend. The UK’s 100th tech unicorn, Tractable, an AI startup building computer vision tools, announced a $60m Series D raise, which takes the company’s valuation to [...]
Are we now on the road to net-zero? June 18, 2021 | City Talk We spoke to climate change specialists Simon Webber and Isabella Hervey-Bathurst for their views on the IEA’s latest report. Climate change and the transition from fossil fuels to sustainable energy is arguably the most pressing issue facing the world today. Addressing the issue of how the world produces and consumes energy, and the measures that [...]
UK wealth management fund True Potential eyes $2bn US Spac float June 18, 2021 UK wealth management fund True Potential is eyeing a potential $2bn Spac listing in the US, according to reports, snubbing the London Stock Exchange for Wall Street. Credit Suisse’s US bankers have tabled plans to merge the management fund with a special purpose acquisition company, the Evening Standard first reported. Working with nearly 20 per [...]
Sunak says pensions triple lock remains government policy as he faces £4bn bill June 17, 2021 Chancellor Rishi Sunak has said the triple lock on pensions remains government policy after it emerged that he may have to spend £4bn more on pensioners from next year if he sticks to the pledge. Sunak was grilled on the issue in an interview with GB News, after ONS data published earlier in the week [...]
Change Starts Together June 16, 2021 | Sponsored The Lord Mayor’s appeal has launched a new storytelling campaign ‘Change Starts Together’ which aims to tackle the pressing issue of social mobility. Right now, Social Mobility has become a timely and important issue, as we see the huge impact the pandemic has had on those from lower socio-economic backgrounds. According to the Social Mobility [...]
Taking Pride in global best practice – indexes matter June 16, 2021 | Sponsored DiverCity® Podcast · The importance of benchmarking, indexes and global business conduct standards Positive change can be challenging, and with that comes uncertainty around how best to put diversity and inclusion (D&I) workplace strategies into practice. Tools such as equality indexes can help to make genuine and meaningful changes by holding companies to account, tracking [...]
