Zoom stock hits pre-pandemic level as pandemic glow vanishes April 27, 2022 Zoom’s share price has hit February 2020 levels in a sign that the pandemic may be truly over in the Western world. The tech stock jumped around 360 per cent over the course of 2020, and everyone across the world seemed to be glued to a software that was relatively unknown the year before. Fast [...]
1 Minute Market Rundown – 27th April 2022 April 27, 2022 | City Talk Risk Under PressureCrypto ConsolidatesUSD in DemandGoogle Disappoints To say things got ugly yesterday would be a bit of an understatement. Clearly, what goes lower, must go…lower. Stock indices closed the session sharply lower with the S&P taking out support at 4200. US stocks sank to the lowest levels seen in 6 weeks as hopes that [...]
‘A disservice to claimants’: FCA slammed for invoking powers to stop steel pension scandal advisers selling assets April 27, 2022 The decision by the Financial Conduct Authority (FCA) to invokeemergency powersto stop financial advisers involved in the British Steel Pension Scheme (BSPS) mis-selling scandal from offloading their assets to avoid paying compensation has received a mixed response in the City. The Financial Conduct Authority (FCA) has launched the emergency asset restriction rules without consultation, in [...]
Ed Sheeran set to headline Jubilee concert as organisers unveil £15m celebrations April 26, 2022 Ed Sheeran is set to be the centrepiece for the Queen’s Platinum Jubilee as preparations are made for the “people’s pageant”.
Investors should ditch volatile tech where ‘profitability jars against interest rates’, argues digital health guru April 26, 2022 Much has been made of the current shortage in carers in the UK. The latest ONS data indicates a vacancy rate of 8.2 per cent in the care sector, nearly double the national average, and an overall shortfall of 105,000 workers. Some forecasts even suggests that an additional 627,000 people will be required by 2030 [...]
Chernobyl: ‘Abnormal’ amount of radiation at site of nuclear plant after Russian occupation April 26, 2022 There is an “abnormal” amount of radiation at the site of Chernobyl nuclear power plant, following the Russian invasion and occupation of the site. The head of director of the International Atomic Energy Agency, Rafael Grossi issued a warning about the dangers posed by the site, saying it was being monitored. “day by day”. The [...]
Crypto markets bounce back as Elon Musk buys Twitter April 26, 2022 The price of Bitcoin has clambered its way back past the $40k mark, up around five per cent over the past 24 hours to around $40,500.
1 Minute Market Rundown – 26th April 2022 April 26, 2022 | City Talk Risk Stages a Comeback into the US CloseCrypto ReboundsSterling and Euro Continue to Look Vulnerable As you finished work yesterday you would have been forgiven for expecting risk markets to remain offered following what could only be described as a horrid day for markets. China’s ‘zero covid’ strategy as well as concerns over inflation weighed [...]
Sombre faces in Canary Wharf as HSBC profits nosedive on Ukraine war and inflation worries April 26, 2022 It’s not the best of mornings for HSBC as the banking giant saw its first-quarter profits tumble by more than a quarter after taking a hit on expected bad debts due to the Ukraine war and soaring inflation. The lender posted a 28 per cent drop in pre-tax profits to £3.3bn for the first three [...]
Chelsea sale: Todd Boehly bid wins backing from influential former player Paul Canoville April 26, 2022 Influential former Chelsea player Paul Canoville has thrown his weight behind Todd Boehly’s bid to buy the club. Canoville, who has a suite named after him at Stamford Bridge, has come out in support of the Boehly consortium after holding talks with all three remaining bidders. “This is by far the best fit for Chelsea [...]