Mind the gap? Financing scale-ups takes sharper focus August 19, 2020 | City Talk ‘There is a risk… of a lost generation of innovative businesses unable to access the right capital to scale and go global’: so warns an analysis published this month entitled The Future of Growth Capital. The report – co-produced by Innovate Finance, the ScaleUp Institute and Deloitte, in collaboration with industry, investors and the recently [...]
City of London Group reports loss as subsidiary prepares for banking licence August 18, 2020 The City of London Group has reported a loss of £9.7m as its subsidiary prepares to become a fully authorised bank. In July, Recognise Financial Services reached a major milestone in its journey towards becoming a bank when the Prudential Regulation Authority issued its Total Capital Requirement letter. The figures The City of London Group [...]
Chris Smalling invests in UK plant-based meat business August 17, 2020 A startup that specialises in “hyper-realistic” plant-based food has secured investment from international footballer Chris Smalling in its latest funding round. THIS closed its £4m Seedrs crowdfunding campaign on Friday, which was live for 2 and a half days before hitting its £4m target. THIS aims to mimic meat in taste, texture, appearance and smell [...]
Market shock: how did investors react to the impact of Covid-19? August 17, 2020 | City Talk Coronavirus brought a decade-long US bull market to an end and sparked a sudden stock market collapse. A surprising proportion of investors responded by taking on more risk. Faced by of one of the biggest economic shocks in history it is little surprise that the vast majority of investors reacted by changing their portfolios. What [...]
Schroders becomes first major City firm to make home working permanent August 16, 2020 Fund manager Schroders will allow thousands of its employees to continue working from home even after the pandemic, marking a huge shift in the way the City works. The FTSE-100 listed firm is the first major City institution to tell staff they will not be required to return to the office five days a week. [...]
Why investors should pay attention to sugar August 14, 2020 | City Talk Government action to promote healthy eating, especially in light of the spread of Covid-19, and ongoing changes in consumer tastes will continue to create headwinds for the food and beverage industry, and increasingly for food retailers and hospitality companies too. We’ve known for decades that obesity puts people at greater risk of serious and life-threatening [...]
Forecasting the US election: should investors prepare for a new president? August 13, 2020 | City Talk Our analysis shows that the US presidential race may be closer than it first appears, but investors should at least be questioning what a Biden win will mean for markets and policy. When it comes to forecasting the US election, on the face of it both macro modelling and polls point to a comfortable win [...]
The top five accounting mistakes analysts make August 11, 2020 | City Talk Prior to entering graduate school almost 20 years ago, I had a very important phone conversation with an analyst at the Dreyfus Founders Funds, Chuck Reed. That brief phone conversation changed my focus in graduate school — and hence my life. One of the questions I asked Chuck was, “What skills should I acquire that most [...]
Investors expect even higher returns from the stock market in years ahead – despite coronavirus shock August 10, 2020 | City Talk Savers predict annual returns of 10.9% from their stock market investments, even as Covid-19 halted the longest economic expansion on record and plunged the world into deep recession. Investors continue to hope for double-digit yearly total returns from their portfolios, despite the huge blow inflicted on the global economy by the Covid-19 pandemic, according to [...]
TP ICAP sees slow start to second half but retains guidance August 7, 2020 TP ICAP reported a slow start to the second half as the high level of trading activity during lockdown started to fade. Despite a slowdown in activity the inter-dealer broker maintained its guidance of low single-digit revenue growth for the year. The figures TP ICAP increased underlying profits in the period to £136m, up from [...]