BA looks set to recover from pandemic, so why are its 40-something pilots giving up their gold-plated pensions? April 20, 2021 In turbulent times, when the future of a company is being called into question, it is not uncommon for staff to transfer out of their employer’s defined benefit (DB) pension scheme, if they have one. Although seen as “gold-plated”, some DB scheme members worry about their scheme falling to the pension lifeboat fund, and that [...]
Barclaycard defends decision to cut customers’ credit limits by 95 per cent April 20, 2021 Barclaycard has defended cutting some customers’ credit limits after a backlash from people complaining they had been reduced by over 95 per cent. Some customers complained that their limits had been significantly reduced despite having never missed a payment. It was pointed out that Barclaycard had made the reductions at a time when some people [...]
Could this be ‘the’ year for the ‘other IFISA’? April 19, 2021 | Sponsored Whitni Thomas, senior manager in investor relations and crowdfunding at Triodos Bank UK While the most recent reports state that total ISA investment in the UK has now reached over £65 billion, the Innovative Finance ISA (IFISA) is still the lesser-known member of the ISA family of products. The IFISA was launched in 2016 to [...]
Treasury to move forward with recommendations set out in listings review April 19, 2021 The Treasury will move forward with recommendations made by Lord Hill to encourage more fintechs to list in the UK. Last month the former EU commissioner published a set of recommendations which called for a range of deregulatory measures. Among the recommendations was the use of dual class shares, which allow company founders to maintain [...]
Starling Bank secures £50m investment from Goldman Sachs April 19, 2021 Digital lender Starling Bank has extended its latest funding round with a £50m investment from Goldman Sachs. Last month it announced a £272m Series D funding round led by Fidelity Management & Research which valued it in excess of £1.1bn pre-money. Starling Bank today said Goldman Sachs investment marked an extension of the oversubscribed round, [...]
Sunday Sitdown: Investors look past political changes as Brexit offers a chance to alter investment regulation, says City veteran April 18, 2021 More than 440 firms in banking and financial services have relocated part of their business, moved employees or set up new entities in the EU following Brexit. Dublin and Paris are the go-to destinations, as banks have moved or plan to move more than £900bn in assets to the EU, equivalent to 10 per cent [...]
Revolut targets $10bn valuation in upcoming funding round April 17, 2021 Revolut is eyeing a new fundraising round which would see the challenger bank’s valuation soar to more than $10bn. Last summer the neobank raised a further $80m to close out its series D funding round from private equity firm TSG, valuing the company at $5.5bn. Now Revolut has enlisted the help of US-based investment bank [...]
FTSE 100 pushes above 7,000 for first time since Covid crash as Wall Street hits new records April 16, 2021 London’s FTSE 100 rose above the 7,000-mark today for the first time since Covid pummelled financial markets last year. Across the Atlantic, Wall Street again hit new record highs on the back of a bumper set of earnigns from America’s banking giants. Speedy vaccine rollouts and government policy support has lifted investor confidence about a [...]
UK fintech investment off to flying start after series of mega deals April 16, 2021 After a gruelling year the UK’s fintech industry is back with a bang, attracting nearly $3bn across more than 100 deals in the first quarter alone. The fintech sector raised a total of $2.9bn in the first three months of the year across 117 deals, with investment levels 153 per cent higher compared to the [...]
The future of leadership through Executive Education April 16, 2021 | Sponsored The end of the health crisis may finally be in sight, but it’s clear that the new skills thepandemic has forced business leaders to hone and implement at warp speed will bepermanent. However, questions remain about how leaders can better prepare in order to meet thchallenges of the post-pandemic business environment. Which leadership competencies will [...]
