UK researchers identify level of antibodies needed to prevent symptomatic Covid-19 June 24, 2021 Scientists at the University of Oxford said the results of their research could help speed up new vaccine development. Oxford-based medical researchers have today released a new study indentifying the level of antibodies required to prevent symptomatic Covid – referred to as the “correlates of protection”. Their findings could serve as a huge breakthrough in [...]
Has bitcoin bottomed out? Or will we see even greater drops? June 24, 2021 | Sponsored Today, by popular demand, we consider the recent price action in bitcoin. We have been warning for some time that bitcoin is in a bear market. Bear markets are not good environments in which to be long, bitcoin bear markets especially so. But bear markets do also end, and if you can nail the low, you can [...]
Impact investing is increasingly a buzzword in the City as millennial investors take over June 24, 2021 Impact investing, the strategy to make financial profits but create a long-standing, positive impact on our world, in the process, is becoming increasingly ‘a thing’ in the City and other financial hubs around the world. Many investors are hyper-aware of what is happening around them, with factors such as corporate social responsibility (CSR) making a [...]
Selling point abroad: Brexit has given Brand Britain a huge boost, says Grant Thornton June 24, 2021 Six months on from Brexit, nearly two thirds of UK mid-sized businesses believe that Brexit has strengthened ‘Brand Britain’. In fact, ‘Brand Britain’ is considered to be an advantage to UK firms looking to venture into new international markets, according to new research, shared with City A.M. today. About 70 per cent of UK businesses [...]
Exclusive: CEO of Britain’s newest bank on the long road to recovery June 23, 2021 The pandemic forced the entire economy to move online, with Zoom and Skype usage skyrocketing. London’s financial services space was no exception, leading to a vast uptake in online banking services. One online lender that obtained its UK banking licence in June of last year, at the height of the pandemic, is Zopa, bringing a [...]
Private equity reaping pandemic windfall as US economy is hottest since 1984 June 23, 2021 Private equity firms are up 27 per cent this year, making them among of the best performing segments in the global markets so far in 2021. Many private equity firms provided crucial financial assistance to their portfolio companies during the crisis months of the pandemic and, according to Peter Garnry, analyst and head of equity [...]
‘Are you crazy?’: London restaurateur on opening two eateries during the pandemic June 23, 2021 When the pandemic hit, London-based restauranteur Sanjay Anand, owner of catering and restaurant business Madhu’s, found himself feeling restless, with more time on his hands than he had had in decades. Pre-pandemic Madhu’s, which specialises in luxury Indian food, was predominantly a catering business, and when Covid restrictions were put in place last March around [...]
UK business given £12.3bn export support from government June 23, 2021 The government’s export credit agency has announced it gave a “record level” of financial support to UK exporters in the last year. UK Export Finance (UKEF) provided £12.3bn of support to UK exporters in the last financial year, almost three times the amount given in 2019-20, according to its annual results published today. The agency, [...]
Boeing opens $500m compensation fund for 737 MAX crash victims’ families June 22, 2021 Boeing opens $500m compensation fund for 737 MAX crash victims' families
Soaring house prices and stock markets push wealth per adult to record £57,598 June 22, 2021 Despite the pandemic impact on economies around the world, global household wealth hit a new record last year, primarily due to soaring house prices and rebounding stock markets. The latest global wealth report by investment giant Credit Suisse showed today that wealth per adult rose 6 per cent last year, to hit a record £57,598. [...]