Australia poised to sign fintech deal with the UK Treasury November 9, 2017 Australia is poised to sign a fintech deal with the UK to boost crosstalk in one of Britain’s fastest-growing industries, City A.M. can reveal. The Treasury is working on an agreement to aid co-operation on fintech between the regulatory authorities in the UK and Australia. Read more: Investec and Banco Sabadell are backing hot UK [...]
Shadow MPC: The Bank of England should hold interest rates amid hesitantly positive economic data March 22, 2018 Interest rates are widely expected to be kept at their current 0.5 per cent level today, as the Bank of England (BoE)’s monetary policy committee (MPC) meets to deliver its verdict. In the second MPC rate review of this year, due to be announced at midday, the BoE’s policy makers are likely to credit only [...]
Utilities company Pennon throws water on ideas of nationalisation saying leakage levels have halved since privatisation November 29, 2017 Utilities company Pennon, which provides water to 2.3m people in the UK, has today aimed to douse any talk of renationalising water networks as it released half-year results. The business said it was “continuing to invest significantly” in its plants and distribution network, and had improved water quality and halved leakage levels since privatisation. Read [...]
The UK’s gas supplies are running low as freezing weather grips the country, National Grid warns March 1, 2018 As freezing weather continues to seize the UK today, National Grid has warned Britain does not have enough gas supplies to meet demand. The UK’s grid operator issued a gas deficit warning as a perfect storm of supply issues and rocketing demand hit the nation, saying the UK’s gas supplies fell more than 50m cubic [...]
Seneca ditches drinks company Conviviality after making a 65 per cent return November 27, 2017 Seneca Investment Managers has drunk its fill of beverage wholesaler Conviviality, as it announced today it had sold all its shares making a 65 per cent return. Recent re-ratings, which have lifted the company’s share price, have reduced Conviviality’s value in Seneca’s eyes since its investment in January. The fund manager has instead put the [...]
Pharrell Williams takes stake in British startup Roli and becomes creative chief October 26, 2017 A British startup which wants to reinvent musical instruments has attracted US music heavyweight Pharrell Wiliams to join its venture. Roli, the eight-year-old startup behind two new instruments – Seaboard and Roli Blocks – has named the producer and singer known for the song “Happy” as its creative chief and Williams will take a stake [...]
JP Morgan Cazenove widens its lead as top FTSE 100 stockbroker, but Numis retains overall crown December 4, 2017 The brokers at JP Morgan Cazenove will be entering the festive season safe in the knowledge that their firm is still the FTSE 100 favourite, according to data out this morning from Adviser Rankings. JP Morgan widened the lead ahead of its main competitor, Bank of America Merrill Lynch (BoAML), which saw its FTSE 100 [...]
Don’t listen to the naysayers: The City is Brexit-proof and will remain the world’s financial hub February 5, 2018 The City of London is in a strong position to maintain its status as the world’s financial capital. Many of the City’s strengths are deeply embedded and therefore “Brexit-proof”. Moreover, London is in pole position to become the centre of global fintech. But we cannot be complacent. The international environment is competitive. The biggest challenge [...]
Fintech startup CommuterClub raises £2.3m to grow online season ticket financing from WGC and early-stage investors including tennis star Andy Murray October 30, 2017 A startup which provides financing for commuters to buy rail travel cards has landed a fresh injection of cash, City A.M. can exclusively reveal. The £2.3m for CommuterClub was led by Indian financial services firm Wadhawan Global Capital (WGC), an investor in Zopa and Goldman Sachs-backed fintech startup Neyber, with previous investors also participating. Read [...]
Fintech startup MarketInvoice is getting into small business lending and taking on big banks November 1, 2017 One of the UK’s most well-known startups is taking on the big banks with a move into lending for small business, a market worth £35bn a year. MarketInvoice is expanding from peer-to-peer invoice financing into short-term loans of between £10k and £100k. Read more: Investec and Banco Sabadell are backing hot UK fintech startup Bud [...]