Image copyright Funding Circle Image caption Samir Desai, chief executive and co-founder of Funding Circle Funding Circle, the peer-to-peer lender, plans to raise £300 million by listing on the stock market in London. The firm offers loans to small businesses in the US, Germany and the Netherlands as well as the UK and the funds …
Image copyright Getty Images Water companies have set out plans to cut bills for millions of consumers in England and Wales. Severn Trent and United Utilities said they would cut the average bill by 5% and 10.5% respectively. Thames Water said bills would be unchanged. South West Water said it would offer customers a stake …
Image copyright Footasylum Shares in Footasylum plunged on Monday after the “athleisure” retailer warned on profits following difficult trading in July and August. Despite reporting a 18.5% rise in sales to £98.6m for the six months to 25 August, Footasylum said sales since then had been “more challenging”. There was “no sign of a recovery” …
Image copyright Nubank Image caption David Velez’s friends advised him against starting a digital bank in Brazil Colombian entrepreneur David Velez co-founded a digital bank in Brazil in 2013 around the same time similar ideas started to crop up in the US and the UK. He was strongly advised by his friends to give up …
Image copyright Hennepin County Sheriff’s Office The chief executive of China’s JD.com, Liu Qiangdong, was briefly arrested in the US on accusations of criminal sexual conduct. Mr Liu, one of China’s richest people, was arrested in Minneapolis shortly before midnight on Friday and released on Saturday afternoon. JD.com said Mr Liu, also known as Richard …
Image copyright Getty Images Image caption Mr Cuban is worth an estimated $3.9bn The BBC’s weekly The Boss series profiles a different business leader from around the world. This week we speak to US entrepreneur and basketball team owner Mark Cuban. Self-made billionaire Mark Cuban says he always dreamed of getting rich. “My priority was …
Image copyright EPA Image caption Many Argentineans are opposed to the country going cap-in-hand to the IMF Argentina is expected to announce a raft of spending cuts on Monday, in an attempt to contain the country’s acute currency crisis. The peso has lost roughly half its value this year, despite the central bank’s effort to …
Image copyright Getty Images Image caption Constance Wu at the premier of the movie Crazy Rich Asians The film Crazy Rich Asians hit the box office this month, and the glossy rom-com has put a spotlight on the region’s growing number of super-rich. Just go to any shopping mall in Singapore – where the movie …
Image copyright Getty Images Image caption Ross McEwan said 150 senior staff had been moved to the bank’s new operation in Amsterdam The chief executive of Royal Bank of Scotland has warned that the bank may have to shed a number of business customers if there is no Brexit deal. Ross McEwan said 150 RBS …