FTSE 100 weighed down by Aveva while Wall Street slips ahead of tech earnings April 27, 2021 The FTSE 100 closed in the red this afternoon despite a strong day of results for heavyweights BP and HSBC, while US stocks were muted ahead of bumper tech earnings. London’s blue-chip index closed down 0.26 per cent this afternoon as Aveva slumped nearly five per cent following its CEO’s exit. The drop was limited [...]
Neil Woodford registers new firm in Cayman Islands – report April 25, 2021 Disgraced stockpicker Neil Woodford has registered a new firm in the Cayman Islands as his bid to relaunch his career goes on. According to CityWire, new firm WCM Partners, which Woodford announced two months ago, has been registered in the tax haven. The move comes two months on from the start of the former star [...]
Why the going is about to get tougher for investing in climate change April 23, 2021 | City Talk 2020 was an extraordinary year for climate change action. Public opinion, governments, businesses and financial markets all had major shifts in their appreciation of the urgent need to address the climate crisis. More investment, research and development, and international collaboration will now come together to enable a faster transition to a net zero economy. While [...]
London market recovery continues following grim start to the week April 22, 2021 London’s main market continued to rise on Thursday, after rebounding yesterday following a disastrous Tuesday, in which the market fell two per cent in one day. By mid-afternoon the FTSE 100 was up 0.42 per cent, boosted by mining and industrials stocks, although the gains were capped by a stronger pound. Meanwhile, the mid-cap FTSE [...]
High Court paves way to answer the question: Who invented Bitcoin? April 22, 2021 The High Court today paved the way for a case that could force the judges to take a view on who invented bitcoin, the world’s most popular cryptocurrency. The court has allowed Craig Wright, an Australian computer scientist who alleges he created bitcoin, to serve a copyright infringement lawsuit against the operator and publisher of [...]
AI-Powered Ubiquitous Investing April 22, 2021 | City Talk Have you noticed that your bank statements are now a succession of Netflix, Uber, Spotify, Deliveroo, Apple and Amazon payments? All of them offer us all types of services at our fingertips. No more wasting time sourcing or waiting to access the best way to get an amazing selection of food, music, films, transport or [...]
FTSE 100 rallies after yesterday’s heavy fall April 21, 2021 London’s FTSE 100 rebounded today, after a poor performance yesterday that saw London’s main market fall two per cent. The FTSE 100 closed up 0.52 per cent on yesterday’s gloomy session, when tobacco stocks and fears of new variants pummelled the market, ending the day at a two per cent loss. The blue-chip index was [...]
Fears of new variants drives FTSE down two per cent April 20, 2021 London’s main market plunged two per cent today, wiping out last week’s gains amid a bad day for big tobacco. The index joined in a global stock market rout on Tuesday, ending the day at 6,859.87, down 140.21 points. The drop pushed the FTSE 100 back through the symbolic 7,000 point mark it smashed last [...]
Four keys to better decision making – Daniel Kahneman April 20, 2021 | City Talk CFA Institute has transformed its annual conference for 2021, with a binge-worthy digital format and an exciting slate of speakers. Join us for the Alpha Summit on 18 May 2021. Daniel Kahneman delivered a captivating mini seminar on some of the key ideas that have driven his scholarship, exploring intuition, expertise, bias, noise, how optimism and overconfidence influence [...]
Sunday Sitdown: Investors look past political changes as Brexit offers a chance to alter investment regulation, says City veteran April 18, 2021 More than 440 firms in banking and financial services have relocated part of their business, moved employees or set up new entities in the EU following Brexit. Dublin and Paris are the go-to destinations, as banks have moved or plan to move more than £900bn in assets to the EU, equivalent to 10 per cent [...]