Investors poured a record $43bn into global equities markets last week, according to Jefferies March 16, 2018 The bulls are back, according to investment bank Jefferies, as investors heaped a record net $43bn (£31bn) into global equities funds and exchange-traded funds (ETFs) last week. The US was the biggest beneficiary, grabbing $35bn of inflows to top the previous high of $31bn funnelled into the country in the wake of President Trump’s election [...]
Snow in London: Met Office issues amber warning for snow and ice in London this weekend saying travel disruption is likely March 16, 2018 The Met Office has upped its warnings for snow and ice in the capital this weekend, with other parts of England and Scotland braced to expect snow from today. It has told Londoners to gear up for travel disruption too, with delays and cancellations to rail and air travel deemed likely. The Met Office has [...]
A job application filled out by former Apple boss Steve Jobs has just sold for $175,000 March 16, 2018 A job application filled out by former Apple chief executive Steve Jobs, who died in 2011, hs just been sold at auction for $174,757 (£125,728). The questionnaire, completed by then-18-year-old Jobs in 1973, was snapped up by an anonymous London internet entrepreneur. The man that would go on to revolutionise the tech industry with his [...]
Goldman Sachs International reveals large gender pay gap as spotlight focuses on City pay disparity March 16, 2018 Goldman Sachs International has revealed it pays female employees in the UK an average of 36.4 per cent less than male colleagues as the spotlight focuses on financial services pay disparity in the City. As well as a median pay gap of 36.4 per cent, which reflects the difference between the midpoints in the ranges [...]
Rihanna roils markets as China bags a key element March 16, 2018 | City Talk Garry White, chief investment commentator, looks at the market moving events that have shaped the UK equity markets this week (March 12 to March 16, 2018). This week, Barbadian singing sensation Rihanna managed to wipe $1bn off the valuation of tech group Snap, the Chinese secured a major cobalt deal to help it produce electric [...]
London-headquartered Equistone’s new €2.8bn fund blooms making first investment in greenhouse business BOAL March 16, 2018 London-headquartered private equity firm Equistone has made the first investment from its €2.8bn new fund, in greenhouse manufacturer Boal Group. The firm has bought Netherlands-based Boal, which does a significant amount of business in the UK and has a site in Shepshed, from its current chief executive Ronald Boers and founder Marinus Boers, both of [...]
Transport secretary says no border checks at Dover after Brexit March 16, 2018 Transport secretary Chris Grayling has said trucks coming into Dover will be checked after the UK leaves the European Union. Grayling told BBC Question Time it would be “unrealistic” to impose checks on lorries coming into the port, which, according to an Imperial College London study, could introduce traffic queues of up to 29 miles [...]
SimplyBiz is set to float for £130m on the Aim market of the London Stock Exchange March 16, 2018 The SimplyBiz Group, which provides compliance and business services to financial advisers, had announced it will float in London next month for £130m. As the UK’s largest compliance services provider, SimplyBiz is expecting to raise £30m when it floats on 4 April. Selling shareholders – mainly Ken Davy, Life President of Huddersfield Town FC, and [...]
Cashing in on crypto: The world’s 10 most bitcoin-friendly cities March 16, 2018 Some cities around the world have been quicker than others at tapping into the crypto fascination, according to new research by CryptoGo. The cryptocurrency brokerage has conducted research using services such as Yelp and Coinmap to identify the number of firms that accept bitcoin, the number of bitcoin ATMs, and the number of bitcoin meetups [...]
Bank of England says Brexit talks are moving in the right direction – but “material risks remain” March 16, 2018 The Bank of England today said “progress” in mitigating the impact of Brexit on the City has been made over the last few months. However, its Financial Policy Committee (FPC) warned “material risks remain” and called for officials in Westminster and Brussels to their game. Last November the Bank of England said Brexit risks did [...]