FTSE100 company disputes could cost £13.8bn December 14, 2020 Tax disputes with tax authorities globally could cost FTSE100 companies £13.8bn, research by Thomson Reuters shows. This figure Includes £11.7bn in extra tax related to disputes that the companies believe they will ultimately win, however, the FTSE100 set aside £2.1bn to cover the costs of these disputes last year. In total FTSE100 companies were involved [...]
Weekend Interview: Weight Watchers UK boss on the fight against obesity post-lockdown December 12, 2020 During two lockdowns this year millions of us were stuck at home, moving less, eating more. According to recent data from diet giant Weight Watchers, one in two people ate more during lockdown, while one in three drank more alcohol. Meanwhile, nearly one in two have been less active since the pandemic began. To take [...]
Paypal-backed Tink raises €85m in latest funding round December 11, 2020 Tink, Europe's leading open banking platform, has received €85 million (£78m) during an investment round extension.
UK companies are cheap: the smaller the cheaper December 11, 2020 | City Talk UK stocks have lagged their global peers, but is the stage set for a change of fortune? Many investors in UK stocks have looked on enviously at the super-sized returns that global stocks, and US stocks in particular, have been able to deliver over recent years. That all changed this month. As of 18 November, [...]
Join EY in celebrating UK entrepreneurship December 9, 2020 | City Talk Tune in on Thursday 10 December to celebrate the UK’s entrepreneurial community. EY Entrepreneur Of The Year™ UK has been celebrating, supporting and connecting entrepreneurs since it first launched in the UK over 20 years ago. Entrepreneurs are a crucial part of the UK economy, and will be key to our economic recovery as we [...]
Vaccine optimism spurs near-record equity inflows December 9, 2020 The long-awaited announcement of effective vaccines saw investors pile back into equity funds last month at a near-record level. Renewed optimism among investors saw a net £2.3bn added to equity funds, according to fund network Calastone’s latest data. It is the second highest month of inflows on record after April 2020 when investors welcomed coronavirus [...]
Exclusive launch interview: CEO Jason Oakley on Recognise, Britain’s newest bank December 9, 2020 Following FCA approval of a banking license application in November, SME lender Recognise’s banking operations formally launch this morning with four branches in the City, Manchester, Leeds and the Midlands, as well as an app and online platform. To mark the arrival of Britain’s newest bank, City A.M. sits down with CEO Jason Oakley, a former head of [...]
Citigroup appoints first female head of Middle East and North Africa operations December 8, 2020 Citigroup has appointed Elissar Farah Antonios as the first woman to head the bank’s Middle East and North Africa (MENA) operations. MENA is Citi’s fastest growing region in its emerging markets portfolio and contributes 30 per cent of the bank’s net income in Europe, the Middle East and Africa. Antonios joined Citigroup in 2005 as [...]
Challenger bank Revolut broke even in November December 8, 2020 Revolut broke even last month in the latest indication that the challenger bank is bouncing back from the worst of the pandemic. It is an encouraging sign for the digital bank which tripled its losses to £106.5m, in figures released in August. It came despite a rise in its customer base during the first lockdown [...]
Pocket money app GoHenry secures $40m in funding round December 8, 2020 Children’s bank account app GoHenry has raised $40m as it looks to fund its expansion in the UK and the US. The UK fintech firm, which was founded eight years ago, provides children as young as six with a pre-paid debit card and app that can be controlled and topped up by parents. The funding [...]
