“Tory treasurer could net millions from controversial LV= takeover”

Nov 24, 2021 | Companies

I’ve written quite a bit about this, but it has been in the news a lot, and does affect our clients. In the view of many, the takeover of one of our last mutual insurers by US venture capital is unlikely to be a good thing; and, whatever’s said now, will lead to its break up to profit vested interests. Just when you thought things couldn’t get murkier, low and behold, yet another vested interest pops into the story. It does seem at the moment that, if you dig beneath any big business deal, someone connected to the Conservative party stands to make money. But really…

Read more here

closeup pen blur background xa
“Nutmeg losses climb 28% after JPMorgan takeover”

“Nutmeg losses climb 28% after JPMorgan takeover”

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...