Post-Covid offices will become cultural hubs and even art galleries to tempt staff back to the office February 24, 2021 “Ditch the desks and ditch the boardroom! Tell your people to bring their trunks and they will love working for you.” So said Robert Dowling, CEO of Deanlow Consulting in Ontario in 2016, after revealing that his employees spent their days paddling around a company swimming pool with laptops to promote creative thinking. We’re five [...]
Bank of England’s MPC meeting: Who will take Haldane’s hawkish reins? August 3, 2021 A big hole has been left at the table of the latest round of the Bank of England’s monetary policy committee meetings – they are the first since chief economist Andy Haldane departed the Old Lady after over 30 years of service. Much of the focus on Thursday’s MPC policy announcements will be on whether [...]
Coronavirus: Derby and Guineas Festival fall foul of virus April 7, 2020 The first four Classics of the horse racing season, including the Epsom Derby, will be postponed due to the Covid-19 pandemic. The Jockey Club, which operates the QIPCO Guineas Festival and the Investec Epsom Derby festival, confirmed the news late on Tuesday afternoon but said they were looking for alternative dates later in the season. [...]
Bank of England set to hold policy amid Brexit and lockdown uncertainty December 16, 2020 The Bank of England is set to leave interest rates on hold when it announces monetary policy tomorrow, according to analysts, after expanding its bond-buying programme sharply last month. Economists said there was little reason for the Bank to act. The latest lockdown measures have not been as damaging as feared, while the BoE asset-purchase [...]
Davos: Investec banking chief warns stopping Brexit would ‘corrupt democracy’ January 22, 2019 Stopping Brexit would “corrupt democracy”, the chief of banking giant Investec has warned. Hendrik du Toit, joint chief executive of the UK-listed bank, insisted Britain must leave the EU regardless of what people in the financial sector think about the decision. Read more: At Davos, Huawei calls for speedy resolution to case of detained CFO [...]
In a face off against FinTech, traditional face-to-face banks must become more bespoke than ever March 19, 2021 There’s no doubt digital banking is in demand. Last year, $4.1bn was invested into FinTech in the UK, accounting for just under half of Europe’s FinTech investment. Since lockdown began this has continued to grow, with a 72 per cent rise in the use of FinTech apps in Europe as a result of pandemic restrictions. [...]
Nine new lenders approved under coronavirus loan scheme May 6, 2020 Investec is among a group of nine lenders that have today been approved for accreditation under the government’s coronavirus business interruption loan scheme (CBILS). Assetz Capital, Atom bank, Ebury, Fleximize, Investec, Social Investment Business, Tower Leasing, Ultimate Finance and White Oak UK will now be able to provide financial support to small businesses across the [...]
Digital wealth manager Nutmeg records eighth consecutive year of losses October 9, 2020 Digital wealth manager Nutmeg recorded losses of £21m last year as it struggled to break even for the eighth year in a row. Accounts for the year to the end of December 2019, filed on Companies House today, show Nutmeg made a loss of £21.2m, deepening last year’s losses of £18.4m. This comes even as [...]
Breath Caught and Straight Right catch eye in tricky handicaps July 2, 2020 Looking at the rest of the Epsom card and there are only five runners in the opening Woodcote Stakes (1.50pm). Twaasol is favourite on the back of a decent win at Windsor last month, but I’d rather side with MODERN NEWS at 5/2 with Ladbrokes. He didn’t seem to stay the seven furlongs at Ascot [...]
Brewin Dolphin’s profit dips despite increased demand for advice May 13, 2020 Wealth manager Brewin Dolphin’s profit took a hit in the first half of the year, despite an increase in demand for financial advice during the market turbulence. In a market update for the six months to March, Brewin Dolphin reported that statutory profit before tax had dropped 5.1 per cent to £28.2m, down from £29.7m [...]