In a market crowded with financial advice platforms, Investec has canned its UK-based robo-advice business, Click & Invest, following two years of losses, saying market acceptance lagged the fin-tech hype.
Of course, the biggest part of simplifying the business is the demerger of Investec Asset Management from the group, leaving the Specialist Banking and Wealth Management businesses as the core. A year is not a long time for this transition. Fortunately the Bank and Wealth business and IAM have evolved separately and linkages between the two are limited. The complexity lies with the regulators, and even here the firm says it is on the final straight.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Investec’s UK business boosts profitsEarnings in the year to end-March grew 5.8%, with the combined UK and other businesses contributing a 36.1% increase
Herkunft: BDliveSA - 🏆 12. / 63 Weiterlesen »
Business Maverick: Trump Warns China to Act on U.S. Trade Deal or Face Worse TermsPresident Donald Trump said it would be wise for China to “act now” to finish a trade deal with the U.S., warning that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
BUSINESS MAVERICK: US-Sino trade war will provide few opportunities for SAAn old African proverb holds that ‘when elephants fight, it is the grass that suffers most’. As the US and China lock tusks over trade, grass on a global scale is getting trampled. And for South Africa, there appear to be few green shoots amid the carnage. Why do you call negotiations a trade war?
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Ex-Fugees Rapper Poised to Be Charged in Case Tied to Obama Funding, 1MDBFederal prosecutors are expected to charge former rap star Pras Michel as soon as Friday with campaign-finance violations related to President Barack Obama’s 2012 re-election campaign, according to two people briefed on the matter.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
BUSINESS MAVERICK: AngloGold Ashanti puts a for sale sign on the world’s deepest mineAfrica’s top gold producer, AngloGold Ashanti, is putting the last of its South African assets up for sale. Anglo American exited from gold years ago and looks like it is here to stay as it makes money from platinum, iron ore and diamonds. But the last of the bullion assets linked to its name is bound to provoke some feelings of nostalgia. Yet nothing is set in stone and not many companies have the technical ability to run Mponeng, the world’s deepest mine, which is included in the sale.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
BUSINESS MAVERICK: MTN associate, Jumia Technologies, called a ‘fraud’One should never take reports written by short sellers (who have taken a bet that a stock price will go down), entirely at face value. However, a report on Jumia Technologies, dubbed Africa’s Amazon, does raise questions and concerns.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
BUSINESS MAVERICK: South Africa wins a fragile post-election window of economic opportunitySA has come out of the 8 May 2019 elections on a solid footing and has even managed to withstand the financial market sell-off on the flare-up in trade tensions between the US and China late last week. Now all eyes are on whether President Cyril Ramaphosa has the mandate to push ahead with necessary policy reform, taking advantage of this invaluable window of opportunity against a still-nervy global economic backdrop.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Vodacom making good on key strategic growth areasVodacom has taken a small but significant step by acquiring a majority stake in IoT.nxt – a local Internet of Things company, signalling that it may see its future leaning towards new services technologies.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: Trump Moves to Limit Huawei as Trade War With China IntensifiesDonald Trump ratcheted up his battle with China for dominance of 5G technology networks, moving to curb Huawei Technologies Co.’s access to the U.S. market and American suppliers.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: May to Bring Brexit Deal Back to Parliament at Start of JuneTheresa May set a date for her final Brexit showdown, promising to bring her deal back to Parliament at the start of June. Talks with the opposition Labour Party haven’t yielded an agreement, but she’s hoping members of Parliament, stung by voter revolts, will back her in order to end the process that’s tearing both main parties apart.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »
Business Maverick: World Economy Rebound Thrown Into Doubt by Escalating Trade WarThe escalating U.S.-China trade war is threatening to upend the global economy’s much-anticipated rebound and could even throw its decade-long expansion into doubt if the conflict spirals out of control.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »