Burberry shares at 10-month high and challenging records July 17, 2019 | City Talk After a stunning six-week rally, our head of markets explains why investors are still piling in today. If the market was waiting for signs of an immediate improvement in Burberry (LSE:BRBY) fortunes, it will not be disappointed as the fashion house has delivered an update which is much better than expected – and on a number of [...]
Elitist Britain: how can we make business more meritocratic? July 17, 2019 The UK may have been spared an all-Etonian Tory leadership contest, but Britain is still an undoubtedly elitist country. While just seven per cent of Brits were educated privately, 65 per cent of senior judges, 59 per cent of top civil servants, 39 per cent of cabinet ministers, and 44 per cent of newspaper columnists [...]
Now he’s the face of the £50 note, let’s look at the enduring genius of Alan Turing July 17, 2019 I cannot think of a man more deserving of commemoration by this nation than Alan Turing. It is enlivening that, in an era so dominated by differing ideals of what and who our society should champion, riven by irreconcilable divisions deep within our cultural psyche, such a man might have existed who could bridge at [...]
Facebook’s libra could solve the gig economy’s payment problem July 17, 2019 Ordering your evening meal or weekly groceries online has never been easier. In most cities, you can now book a car from your phone to get you from A to B in minutes. All of this is made possible by two things: the marketplace technology that facilitates instant transactions, and the gig economy that delivers [...]
Why the big supermarkets can’t deliver food in a sustainable, plastic-free way July 16, 2019 The big four grocers have protected their dominance well over the last 40 years, using their control of the supply chain and access to customers to create untouchable economies of scale. However, the digital revolution is changing the rules for the food and drink market. While the initial changes created by digital seemed to be [...]
ii view: Citigroup beats forecasts July 16, 2019 | City Talk By Keith Bowman from interactive investor. Investors have been cautious regarding US banks. Has anything changed with these results? Second-quarter results to the end of June 2019 Revenue up 2 per cent to $18.8 billion Net income of $4.8 Billion, up 7 per cent Earnings per share up 20 per cent to $1.95 Operating expenses down 2 per [...]
Stop nudging people towards property at the expense of their pension – it’s irresponsible July 16, 2019 Suggestions that young workers should be able to dip into their pension savings to help buy their first home are unhelpful
How CEO Christian Sewing can save Deutsche Bank July 16, 2019 Pity Christian Sewing. The chief executive of German banking giant Deutsche Bank is not having a good time. What started with a tough but brave call to close his equities business has turned into a low point in the company’s history. There is the potential investigation into its entanglement with the scandal concerning the insolvent [...]
British fintech booms as 2019 set to be a record year for UK investment July 16, 2019 The UK’s standout fintech sector has once again broken records, hitting a new high of $2.9bn (£2.3bn) in funding in the first six months of 2019. The amount represents the highest intake of investment in a half-year period to date, and is equal to approximately 85 per cent of the sector’s total funding in 2018. [...]
City fintech Curve picks up $55m series B funding round July 16, 2019 London fintech firm Curve has today closed a $55m (£43.9m) series B funding round, led by Gauss Ventures. New investors Creditease and IDC Ventures also came on board. The round was similarly supported by existing investors, such as Seedcamp, Speedinvest and the venture capital arms of Santander and Investec. Curve consolidates multiple bank accounts and [...]
