Could the UK’s FinTech talent make it the next Silicon Valley?

Could the UK's FinTech Talent make it the Next Silicon Valley? By Ed Rose The extension of Entrepreneurs' Relief and introduction of Investors' Relief announced in the Budget are clearly designed to attract long-term capital investment into companies, particularly small companies with ambitions for high, rapid growth. Does this mean savvy investors will start looking to get into booming sectors like FinTech? It's really not so long ago that what we now refer to as "FinTech" was pretty much exclusively the province of a handful of big banks, their payment processing partners and associated businesses. Aside from a few forward-thinking tech upstarts like PayPal, any innovations in fields such as payment and transaction technologies tended to be driven from within the monolithic – and technologically conservative – financial services industry. In 2016, it's a different playing field. Consumers and businesses want financial technology that's flexible, straightforward and works for them. While traditional market players still have their place – and account for around 82% of revenue in the sector – FinTech innovation is increasingly being driven by emerging, more agile start-ups who can bring both technological savvy, and disruptive new ideas to the sector... Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 6,699.83, a decrease of 30.48 points. The FTSE 250 fell 143.67 points to finish at 17,139.21. The FTSE All Share dropped 15.24 points to finish at 3,638.59. The FTSE AIM All Share finished at 758.75, up by 2.86 points. Geotechnical specialist Keller Group (KLR) reported revenues of £850 million for the six months ended 30th June, a 12% improvement over the same period of the prior year, but operating profits dropped 6% to £35.6 million. The company reported decent performances in most regions, but said that Asia Pacific had been disappointingly weak. Management have warned that full-year results will be towards the lower end of prior guidance. The shares plunged 10.70% to 910p.  Download our July issue today! Click HERE to read. Shares in newspaper publisher Trinity Mirror (TNI) climbed 7% to 79.75p after statutory profits before tax soared 273% to £45.2 million. The company was buoyed by significant growth in digital marketing revenues and the integration of Local World is still expected to provide synergy savings of at least £12 million by next year. Management are confident that progress will continue despite macroeconomic uncertainty. Testing outfit Intertek (ITRK) posted revenues of £1.2 billion for the first half of 2016, up by 13.6% over the same period of last year. The improvement in sales was largely due to acquisitions but there was a degree of organic growth. Pre-tax profits climbed 15.1% to £172.5 million and management believe that the firm is on track to deliver on full-year expectations. The shares dropped by 80p to 3,545p. Tomorrow's news today Greggs (GRG) and Shire (SHP) will release interim results. Quote of the day "Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless." - Milton Friedman Latest Stories Chart of The Day: Anglo American By Zak Mir Given that shares of Anglo American have been one of the best recovery situations on the London market for the year to date, it seems almost churlish to look for more upside, but it could very well be the case that this is the correct thing to do... Click Here To Read The Full Story The Evil Diaries: Debts Of Honour By Evil Knievil Cameron has continued in character by awarding his accomplices resignation honours. One of them has got good legs. The others have not displayed their legs for clearance by me. However, Sir Desmond Swayne MP advises that these honours are a "relatively light way of paying off debts of honour"… Click Here To Read The Full Story Zak's Weekend Chart Round-Up By Zak Mir FTSE 350 Stocks Domino's Pizza (LON:DOM): Breakout towards 500p Expected It will be interesting to see how the takeaway food market – and Domino's Pizza's position within it – maps out with respect to the Just Eat (LON:JE.) and Deliveroo offerings… Click Here To Read The Full Story Something for the Weekend – Cracks in the DAX? By Adrian Kempton-Cumber Whether or not you have kids yourself, you almost certainly were one once. Birthday parties were something I looked forward to. You'd have your besties over on yours and hopefully they'd invite you to theirs… Click Here To Read The Full Story Chart Of The Day: Barclays By Zak Mir It may be unfair to suggest that the banking sector is effectively a long-term sell, but this does at least explain much of the recent past in terms of the fundamentals, and of course the big bailouts… Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. Once Weekly Round-Up Our mailing address is: Suite 88, 22 Notting Hill Gate, London W11 3JE Master Investor is a trading name of Master Investor Limited. 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