RBS’ new digital bank to be called Bo September 27, 2018 Royal Bank of Scotland is understood to be exploring the launch of a digital-only standalone consumer bank, which will go live under the name Bo. Charging forward with RBS’ former operations chief Mark Bailie at the helm, roughly 100 staff are thought to have been briefed on the project’s name, sources told Sky News. [...]
Digital banking challenger Monese launches business accounts October 18, 2018 Digital banking app Monese will today announce its expansion into the world of business banking, as it launches accounts for young companies and entrepreneurs across the UK and Europe. The accounts will be released to UK-registered businesses first, available in 11 languages in a bid to tap the UK's growing multicultural industry base. The firm told City [...]
Tesla to defend lawsuit alleging foreign workers were threatened with deportation October 3, 2018 A case filed against Tesla in California which alleges the firm knew foreign employees were threatened with deportation has been given the green light to go to trial. US federal judge Lucy Koh ruled Tesla must defend itself against two of seven claims, in which the plaintiffs argue foreign workers at its Fremont, California plant [...]
Darktrace lands $50m in series E funding, boosting its valuation to $1.65bn September 27, 2018 Homegrown cyber security success story Darktrace will today announce the close of its series E funding round to the tune of $50m (£38m), raising its valuation to $1.65bn. The round was led by Vitruvian Partners, with participation from existing investors KKR and 1011 Ventures. The funding will be used to fuel international expansion and [...]
What we all need for Christmas is a little perspective December 20, 2018 Perspective can be hard to find and even harder to appreciate. Having moulded my life into the rhythm of a daily print operation, looking further ahead than tomorrow has become a challenge. Life, as they say, comes at you fast. And if it's your job to catch as much of it as possible, filter it, prioritise [...]
Brexit: Commons speaker picks four indicative votes for MPs to debate April 1, 2019 A fresh attempt to break the UK’s Brexit deadlock was made today as MPs prepare to vote on four indicative motions to decide on a path forward. Prime Minister Theresa May’s deal was rejected for a third time last week by a margin of 58 votes as parliament opted against leaving the EU with her [...]
Are UK supermarkets ready for Brexit? September 25, 2019 “One can say very clearly what the direction will be: higher prices, less choice, and poorer quality, because all of those dimensions have been improved by these open trading relationships that we’ve had over the last 40 years […] Brexit, almost in whatever version it is, will introduce friction, it will introduce barriers. That makes [...]
The relief of revenue reserves May 10, 2019 There is no question that we find ourselves in uncertain times. It is during periods of uncertainty that the investment trust structure has distinct merits. That’s because investment trusts, which are listed companies in their own right, can store future income away for a rainy day – a unique function of investment trusts called revenue [...]
Cabinet reshuffle live: Chancellor resigns over turf war with No 10, as PM shakes up top team February 13, 2020 This is a live blog, please hit refresh to update 6pm – Live blog wrap Well, that’s your lot for today – at least, in terms of this live blog. My colleagues will be picking up on the rest of the appointments this evening and tomorrow. It was quite a day – certainly more of [...]
PPI claims surge against CYBG to push bank to a £145m loss November 20, 2018 Clydesdale Bank owner CYBG's share price fell more than 13 per cent today as a fresh raft of PPI claims pushed it to a £145m loss in its full-year results. The figures CYBG fell to the £145m loss after taking a £352m hit for PPI costs and £44m for other legacy conduct issues. A Financial Conduct [...]