Energy and mining stocks boost FTSE 100 June 25, 2021 London’s FTSE 100 climbed on Friday afternoon as surging commodity prices provided an uplift for energy and mining stocks. The capital’s premier index added 0.35 per cent to reach 7,134 in afternoon trading. The FTSE 100 looks set to register a weekly rise. Today’s gains built on yesterday’s session after investors reacted positively to the [...]
Staycation time: Take a break at Locke in East London’s Dalston June 25, 2021 The government’s new travel traffic light system is now crystal clear. We have “green”, which means you shouldn’t go, but it’s totally okay if you do. There is “green watchlist” which means you can book your holiday if you like, but don’t expect it to actually go ahead. There’s “amber”, which is for those countries [...]
Bank of England reprimands Euroclear over malfunction June 25, 2021 The Bank of England has taken supervisory action against Euroclear UK and Ireland after its CREST financial markets system crashed, it announced on Friday. The malfunction resulted in the Bank of England delaying purchases of government bonds through its bond buying programme. “The outage was caused by an issue with messaging software which resulted in [...]
Staffing crisis: Exodus of junior bankers as burnouts force 70 per cent to quit June 25, 2021 Severe workloads are contributing to mass burnout among junior bankers, prompting many of them to quit their job, new figures reveal. Up to 70 per cent of analysts and associate teams left their role at banks and financial institutions in recent months, despite firms stepping up their efforts to retain young talent. Firms have offered [...]
City A.M. TV: A market snapshot June 25, 2021 US equity markets have since bounced, recovering most of their losses.
Bow Lane: Party time in EC4 as City celebrates return of office workers June 25, 2021 To celebrate the return of office workers to the Square Mile, the Bow Bells Association organised a street party yesterday in one of the oldest streets in the City, Bow Lane. Opened by the Lord Mayor Alderman William Russell, together with Bow Bells Association chairman James Goolnik, the Bow Bells sounded to start the party, [...]
Euro 2020 fails to trigger surge in spending on pints June 25, 2021 Euro 2020 has failed to trigger a burst in spending at pubs and restaurants, reveals new research. Spending in pubs and restaurants in the first 13 days since Europe’s flagship international football tournament kicked off was eight per cent lower than the 13 days before, according to debit card spending data from Lloyds Bank. The [...]
Consumer confidence resilient in June despite freedom day delay June 25, 2021 Consumer confidence remained resilient despite a delay to a lifting of the remaining lockdown restrictions in the UK, a closely watched survey has revealed. Data from GfK shows overall consumer confidence remained unchanged over the last month at minus nine in June 2021. But, this is up significantly from minus 30 in June last year. [...]
Exclusive: CEO of deVere Group on why Bitcoin bashers have got it all wrong June 24, 2021 Bitcoin and other cryptocurrencies have experienced a major sell-off this week following China’s crackdown on the sector. Around $400bn in value has been wiped from the total digital currency market since Friday, when a major Bitcoin mining hub ordered miners to shut down operations. It followed reports saying that China’s central bank had a meeting [...]
Citi bank boss wants staff in the office as they ‘work better together’ June 24, 2021 Citi today said that it expects its UK-based staff to come into the office at least three days a week once Covid restrictions are lifted, claiming that the “business works best from being together”. Speaking on the BBC’s Today Programme this morning, James Bardrick, the UK head of Citi, said that the company is asking [...]