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Takeover of Edinburgh fintech approved after jobs impact fears

THE controversial £145 million takeover of Scottish fintech star Nucleus Financial has moved close to completion after the bidder for the firm…

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Edinburgh fintech that supports valuable jobs facing £145m takeover

THE Sottish fintech facing a £145 million takeover that staff have opposed amid fears about the impact on jobs has achieved a record performance on a key measure.
Nucleus Financial saw customers transfer £637 million funds in March for administration on its investment platforms. The figure is the highest ever recorded by Edinburgh-based Nucleus for gross inflows.
Chief executive David Ferguson said the company had reaped the rewards of its decision to maintain investment in its offering amid the challenges posed by the coronavirus crisis.
Stock markets plunged around the world after the crisis broke before bouncing back on hopes that vaccinations will fuel a strong global economic recovery.

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Outlook for jobs uncertain at Edinburgh fintech

Outlook for jobs uncertain at Edinburgh fintech
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