1 Minute Market Rundown – 19th May 2022 May 19, 2022 | City Talk Trade the ExtremesUSD on the Front Foot AgainCrypto Slides We won’t lie…yesterday caught us rather off guard. Risk, for lack of a better word, capitulated. US shares plunged 4%, their biggest daily drop in almost 2 years. Earnings reports from US consumer titans (Walmart, Costco, Target) disappointed and fuelled concerns that high inflation is squeezing [...]
Revenue climbs for Euromoney as events make comeback and remote working drives savings May 19, 2022 B2B information-services provider Euromoney Institutional Investor posted a revenue of £184.6m, up 14 per cent from the previous year.
Royal Mail warns against further price rises as it fails to keep up with pandemic momentum May 19, 2022 Royal Mail posted humble results this morning with revenue down 1.6 per cent year-on-year reflecting changing consumer behaviour following removal of lockdown restrictions and lower international volumes.
US PGA Championship: Spotlight on Tiger Woods allowing rivals to fly under the radar May 18, 2022 It turns out that the Tiger Woods effect is not just for spectators, broadcasters and sponsors, according to other players at this week’s US PGA Championship. The impact of Woods taking part in a golf tournament on attendance, viewing figures and commercial interest is the stuff of sports industry lore. But some of the field [...]
The TMT M&A game change: Are dealmakers ready to play? May 18, 2022 | City Talk A few months into 2022, and mergers and acquisitions (M&A) activity in the technology, media, and telecommunications (TMT) sector is already setting the tone for an interesting year ahead, with some organizations making bold moves into the new and next. This is after a banner 2021 where the sector topped the tables in both value [...]
Tory MP arrested on suspicion of rape and told to stay away from Westminster is bailed May 18, 2022 A Conservative MP arrested on suspicion of rape and asked to stay away from the parliamentary estate – has been bailed. The Metropolitan Police said the alleged sexual offences were committed between 2002 and 2009. The force said he had been bailed to a date in mid-June. A statement from Scotland Yard on Wednesday : [...]
Bitcoin price flat again, but volumes are rising May 18, 2022 Bitcoin is changing hands for around $30k this morning, down three per cent over 24 hours and four per cent over the past seven days.
1 Minute Market Rundown – 18th May 2022 May 18, 2022 | City Talk Trade the ExtremesUSD Gives Up Some of its GainsCrypto Consolidates There is not too much to add from yesterday’s piece sadly. The main talking point was Powell reiterating the FED’s stance on inflation. Powell said the FED won’t hesitate to tighten policy beyond neutral to curb inflation. Stock’s stalled their recent rise and the USD [...]
Crypto tokens and crypto coins: what drives performance? May 18, 2022 | City Talk Much of the crypto world is, by definition, cryptic and difficult to understand. But two crypto trends are crystal clear: both talent and money are flooding into the digital currency market. Almost every day brings a fresh announcement about software developers from Google or financiers from JPMorgan joining crypto start-ups. Indeed, while the total market [...]
Liz Truss plays down calls for windfall tax May 18, 2022 Foreign secretary Liz Truss has played down calls for a windfall tax on energy firms, saying “we need to attract investment”, and a tax would be a deterrent. Speaking on Sky News this morning, she appeared to be at odds with calls made by the Chancellor Rishi Sunak yesterday, who said nothing was off the [...]