Revealed: The 10 fintech startups in Barclays’ 2019 Techstars accelerator February 1, 2019 It's that time of year again: Barclays has unveiled the 10 startups that have made the cut for its annual fintech accelerator programme, powered by venture capital giant Techstars. Now in its sixth year, the 13-week programme puts the young companies through an intensive training course with access to mentorship from Barclays and industry experts, and [...]
Protectionism means UK export growth will slow next year despite weak pound says report November 27, 2017 The growth in British exports will slow next year as protectionist measures take their toll, in spite of a weaker pound boosting competitiveness, according to research published today. UK exports will increase by £20bn in 2018, slower than the £50bn predicted for 2017, according to forecasts from trade credit insurer Euler Hermes. The chemicals industry, [...]
City Moves for 21 September 2018 – who’s switching jobs at Marsh, OFX and Currencycloud? September 21, 2018 Today's City Moves cover insurance broking and payments companies. Take a look at these movers and shakers: Marsh Marsh, a global leader in insurance broking and innovative risk management solutions, has appointed Alistair Fraser (pictured) as CEO of its UK corporate division. Alistair succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. [...]
City Moves for 21 September 2018 – who’s switching jobs at Marsh, OFX and Currencycloud? September 21, 2018 Today's City Moves cover insurance broking and payments companies. Take a look at these movers and shakers: Marsh Marsh, a global leader in insurance broking and innovative risk management solutions, has appointed Alistair Fraser (pictured) as CEO of its UK corporate division. Alistair succeeds Joe Grogan, who Marsh has named as chairman of Marsh Ireland. [...]
A third of non-investors say they would consider ethical investment funds October 2, 2018 A third of non-investors would consider putting their money into ethical funds, according to a new survey. More than half of Brits said they prefer to use ethical financial products and 64 per cent of those said they were prepared to pay extra for socially conscious services, research by online investment service Wealthify said. Read more: UBS launches [...]
German digital bank N26 backed by Tencent and Peter Thiel launches in the UK October 4, 2018 A German digital bank backed by Tencent, Li Ka-shing and Peter Thiel will launch in the UK today with the aim of taking on the big high street banks and adding to the fierce competition among British app-only banks. N26, which already counts 1.5m customers across 17 European countries, has started rolling out its banking [...]
Barclays prepares for hard Brexit as Irish expansion gathers pace October 24, 2018 The chief executive of Barclays said the bank is fully prepared for a hard Brexit as its Irish expansion plans gather pace. Jes Staley said it would be business as usual for customers after Britain leaves the EU on March 29. The bank will use its Irish subsidiary as a central European hub to guard [...]
New car hire app Virtuo sidesteps all the usual pains of London car rentals August 30, 2018 By far the least entertaining part of renting a car is having to stand around inside a hermetically sealed fartbox of a portacabin on the edge of some rainy industrial estate, before a 17-year-old in an oversized suit throws you the keys to an old banger that you suspect was built in East Germany. Recently [...]
Fintech company Revolut contacted police and regulator over money laundering worries July 17, 2018 Digital banking fintech Revolut called in police and regulators in the last few months after finding suspected money laundering on its system. Revolut contacted the National Crime Agency and City watchdog the Financial Conduct Authority after finding the suspected payments. Read more: Revolut launches Connect, its open banking enterprise marketplace The digital challenger bank was [...]
AA looks to get back on track with encouraging full-year results April 15, 2018 Breakdown cover firm AA is expecting to get back on the road with some positive results when it releases its annual report on Tuesday. For the year-end, estimates from Liberum reckoned that AA’s trading EBITDA will be around £392m, as sales will go up slightly to £964m from £933m in 2017. Earnings in 2019 have [...]