“Nutmeg backers set for big windfall from £700m JPM Chase deal”

Jun 24, 2021 | Companies

Tags: companies, corporations, Investments, JP Morgan, Nutmeg, Wall Street

Remember the .com boom, when anything vaguely techie, and many things which appeared to be but didn’t actually exist, were sold for zillions. It ended in tears for many, and champagne for many others. Anyway, I think it’s back, 20 years on. A multi-national, paying £700m for a company which has made a loss every year since it was set up 9 years ago? I assume, as they no doubt employ lots of clever people with MBAs, that they’ll have a business plan of some kind, with spreadsheets and PowerPoints and so on. Won’t they?

“Amazon invades financial services with home insurance launch”

Oct 25, 2022 | Companies

Amazon, like Musk, and Branson before them both, can afford to try lots of stuff and fail at some.

“Natwest and trio of private equity firms vie for Quilter”

Aug 2, 2022 | Companies

In the 80s and 90s, banks and building societies bought life insurance, pension companies and fund managers, took on lots of financial advisers and sold financial products by the bucket-load, by means both fair and foul, to their customers.

“Nutmeg losses climb 28% after JPMorgan takeover”

Jun 30, 2022 | Companies

If you’re offering cheap, online investment advice, you need volume to make it profitable. To get volume (ie lots of money), you need marketing (to get lots of people to log in and give you money). And that costs, particularly, as will inevitably be the case, most of...