Business Business analyst Enterpreneurship News Profesional Service Sales Management Strategy Management

Wirecard Inquiry Probes Why Germany Missed Fraud of Century

(Bloomberg) — Germany’s blame game over Wirecard AG’s collapse is focusing in on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.Lawmakers will question a top adviser to Chancellor Angela Merkel on Monday in Berlin before grilling financial industry watchdogs the following day as the fraud that burned investors engulfs the country’s political establishment. If the hearings go badly, parliament may start a deeper investigation as the country prepares for the post-Merkel era in an election next year.Wirecard’s crash from rising star to national disgrace has undermined the country’s reputation as a reliable place to do business and delivered a major blow to its fragile base of retail investors. While the government is taking action to prevent a repeat of similar cases, authorities have struggled to dispel the impression that they were more … Read the rest

Business analyst Business insurance Profesional Service Project Management Sales Management Strategy Management

ESG climbs up Financial Planning agenda

Three in five (60%) Financial Planners are now factoring in ESG related questions when speaking to clients and undertaking fact finds, according to a new report.

A further one in five (22%) of those surveyed said they expected to introduce ESG related questions in the next twelve months, according to the report from analyst firm AKG and wealth manager Charles Stanley.

The report said there is growing interest amongst consumers with investible assets of more than £100,000 to ensure their investments are sustainable and socially responsible. It said that nearly a quarter (24%) of this group of respondents had independently reviewed their investments to ensure that they are sustainable and socially responsible, and over a fifth (21%) had done so with the support of an adviser. 

{loadposition hidden2}

John Porteous, group head of distribution at Charles Stanley said: “While awareness and appetite for socially responsible investing are increasing, we still

Read the rest
Business Business analyst Business insurance International Business News Small Business Strategy Management

Buy or pass? The pros and cons of investing in 9 upcoming tech IPOs from Palantir to Asana

No tech company from California’s famed startup basin, Silicon Valley, has gone public since last year. That could be because some high-profile 2019 Silicon Valley IPOs like Uber and Lyft flopped. But investors have short memories, and this week a half-dozen startups from the Valley filed to go public. About another half-dozen tech startups from other regions also announced their IPO plans this week.

Here are some key statistics and pros and cons investors may want to weigh vis-à-vis Palantir, Asana, Snowflake, and the rest of the upcoming class of late 2020 tech IPOs. Each company’s description includes a link to its S-1 filing. All financial data is from 2019 unless otherwise indicated.

Palantir Technologies

Symbol: PLTR
2019 revenue: $743 million
Revenue growth: 25%
Gross margin: 67%
Net loss: $580 million

Founded in 2003, Palantir created software to help defense and intelligence analysts sort through massive amounts of information … Read the rest

Business Business analyst Enterpreneurship News Profesional Service Sales Management Strategy Management

Is Big Oil Still a Big Deal?

(Bloomberg Opinion) — From Monday there will be just one oil company in the Dow Jones Industrial Average — Chevron Corp. The removal of Exxon Mobil Corp. from the index after an uninterrupted presence since 1928 shouldn’t come as a surprise. It’s not the end of Big Oil, but it may signal the start of the beginning of the end.It may seem odd to remove one of only two oil companies in the index at a time when the shale boom has transformed America's role in the global market. After all, the U.S. now produces more oil and more natural gas than any other country. Last year’s domestic oil production was up by 125% from levels in 2010, while gas output has increased by 60%.But those figures only tell part of the story, and not the most important part.It’s not the first time that there’s only been one oil and … Read the rest

Business analyst Business insurance Profesional Service Project Management Sales Management Strategy Management

Paraplanning Hub scales up during lockdown

Financial Planning firm The Paraplanner Hub has increased its workforce as business continued to boom during lockdown.

Former financial adviser Tony Slimmings started offering freelance paraplanning services in early 2017, before scaling up and launching The Paraplanning Hub based in Castle Eden in December 2019. He has since taken on five new team members across the UK to grow its financial administration services.

The new roles include a practice manager, an administrator, two paraplanners and a systems analyst.

{loadposition hidden2}

Despite having scaled-up a business during the upheaval of the coronavirus pandemic, Mr Slimmings is positive that the crisis can offer opportunities for growth – and is already planning further expansion.

Mr Slimmings said: ““Since 2017, the company has changed from a freelance paraplanner business to a full-service adviser support company. We offer financial administration and paraplanning support to allow single adviser firms to operate without the need for staff

Read the rest
Business Business analyst Business insurance International Business News Small Business Strategy Management

Elon Musk shows off Neuralink brain implant technology in a living pig

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.

Elon Musk gave a peek at his brain computing startup, Neuralink, on Friday by showing off a surgically implanted electrical device in the skull of a living pig that broadcast the animal’s brain activity. 

Neuralink is working on a kind of brain-computer interface that it hopes will one day help restore brain functions in humans with disorders like blindness, seizures, and insomnia.

Musk’s experimental technology is still in its early stages. And it has yet to be tried on humans. But Musk pitched it as glimpse into the near future, without acknowledging the immense technological or regulatory challenges.

During the livestreamed event, Neuralink staff showed off three pigs—one normal pig, one implanted with Neuralink’s device, and another that had the device removed from its skull.

Hesitant to … Read the rest

Business Business analyst Enterpreneurship News Profesional Service Sales Management Strategy Management

Is Facebook a Buy After Shops Feature Expansion? This Analyst Says ‘Yes’

In the current stay-at-home environment, it’s all about e-Commerce. While the shift from brick-and-mortar retail to online shopping had already been underway for quite some time, COVID-19's romp around the globe certainly accelerated it. To this end, companies everywhere are making a significant effort to keep up with the trend.This includes the likes of social media titan Facebook (FB). Back in May, the company launched its Shops product on a limited basis, offering it to only select businesses. Writing for Stifel, 5-star analyst John Egbert notes “this offering provides SMBs with the ability to build a unified transactional storefront across Facebook Pages and Instagram business profiles with direct customer service integrations through Messenger, Instagram Direct, and WhatsApp.”On August 25, everything changed. The company revealed that Shops will now be available to all eligible businesses globally. Therefore, most of the roughly 160 million small businesses that maintain a business page on … Read the rest

Business analyst Business insurance Profesional Service Project Management Sales Management Strategy Management

Standard Life wrap increases control for Planners

Standard Life has added a number of new services on its wrap platform to support Financial Planners and improve the experience of their clients following feedback from advisers.

A new client portal offers Financial Planners the ability to personalise online user experience for their clients. The Planner decides how much information is available to each of their clients using the portal. The portal can also be configured to incorporate the Planner’s branding, contact details, and preferred asset class tier view and return calculation.

The upgrade also gives Planners more control over reporting. A new simplified report enables them to share a snapshot of their client’s account in an easy to understand format, supporting both consistent reporting and ease of use.

{loadposition hidden2}

The platform noted that Planners can use this with clients to provide key information at a glance, as well as supporting conversations, especially on a remote basis.  It

Read the rest
Business Business analyst Business insurance International Business News Small Business Strategy Management

Prosecutors charge teen in fatal shooting of two protestors and wounding of a third in Kenosha

Prosecutors on Thursday charged a 17-year-old from Illinois in the fatal shooting of two protesters and the wounding of a third in Kenosha, Wisconsin, during a night of unrest following the weekend police shooting of Jacob Blake.

Kyle Rittenhouse faces five felony charges that include first-degree intentional homicide and first-degree reckless homicide, and a misdemeanor charge for possession of a dangerous weapon by a minor. Rittenhouse, a white teen who was armed with a semi-automatic rifle as he walked the streets with other armed civilians amid protests this week, would face a mandatory life sentence if convicted of first-degree intentional homicide.

The shootings late Tuesday—largely caught on cellphone video and posted online—and the shooting by police Sunday of Blake, a 29-year-old Black father of six who was left paralyzed from the waist down, made Kenosha the latest focal point in the fight against racial injustice that has gripped the country … Read the rest

Business Business analyst Enterpreneurship News Profesional Service Sales Management Strategy Management

Tesla Is The Unnamed Company Targeted By Indicted Russian Hacker, Musk Attests

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk confirmed late Thursday that the automaker was the subject of a hacking attempt by a Russian national and his co-conspirators. What Happened: "This was a serious attack," the billionaire entrepreneur said in response to a media report related to the attempted hacking on Twitter.A complaint was filed this week by prosecutors in Nevada against Egor Igorevich Kriuchkov, a Russian national, who allegedly conspired to recruit an employee at an unnamed company, in order to surreptitiously install malware on its computers.Musk's tweet confirms the company detailed in the lawsuit is, in fact, Tesla.Kriuchkov approached the employee who had access to the company's computers through Facebook Inc (NASDAQ: FB) owned WhatsApp messaging app on July 16 to arrange a visit to its Nevada location, prosecutors allege.The complaint states that Kriuchkov and a group of Tesla employees were in touch with each other between August 1-3 … Read the rest