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Ant’s Mega IPO Sets Up Jack Ma to Escalate War With Tencent
(Bloomberg) — Ant Group’s late-summer IPO filing drove home why the business — backed by 711 million monthly users that spent $17 trillion through its platform — is headed for potentially the world’s largest stock debut. Yet investors may do well to focus on the long-term threat to its core businesses from arch rival Tencent […]
Financial advice boosts savers’ ‘emotional wellbeing’
New research has revealed that professional financial advice boosts consumers’ emotional wellbeing – especially in times of crisis – and ongoing relationships with advisers provide the most benefit. Around 17 million people in the UK say they have received some kind of financial advice (26% of the total population) with the “vast majority” feeling positive […]
36% Britons finances hit by pandemic
Over a third (36%) of the adult population of the UK’s finances are in the worse position than three months ago, according to a new report. Only 11% of the UK adult population said their finances have improved over the past three months, according to the report from retirement and protection provider LV=. Just over […]