FTSE 100 jumps as China zero Covid u-turn sends investors pouring into Burberry January 4, 2023 The prospect of a rebound in Chinese tourism after Beijing dismantles its tough zero-Covid policy has sent luxury fashion firm Burberry to near top of the FTSE 100 today. The more than five per cent share price kick helped drag London’s FTSE 100 index up 0.41 per cent to 7,585.20 points. The gain extends yesterday’s [...]
What lies ahead for M&A in 2023 in EMEA? January 4, 2023 | City Talk This past year has been a bit different from the prior year for M&A. After a record year in 2021, EMEA M&A saw a downshift in momentum in 2022. Both deal volumes and values in EMEA fell in the first three quarters of 2022 compared to the same time last year: there were 8,279 deals [...]
FTSE 100 shakes off January blues to pop on first trading day of 2023 January 3, 2023 The FTSE-100 shrugged off fears of industrial unrest and a slowdown across Asian markets this morning as it jumped beyond 1.5 per cent at market open.
Euro on course for worst day since September in poor start to 2023 January 3, 2023 The euro has kicked off 2023 poorly, with investors ditching the common currency and flooding back into the US dollar. The currency used by the now 20 countries that make up the eurozone after Croatia joined the union earlier this month was on track for its steepest drop against the greenback since September last year [...]
5 Job Hunting Tips If You Can’t Do Another Year At Your Job January 3, 2023 It takes roughly five months, from start to finish, to get a new job. So, if you’re serious about pursuing a new role or getting your foot in the door in a new industry in 2023, you need to start getting organised now. Here’s how to go about it. 1. Do your research Salary still [...]
Year Ahead: Squeeze on household incomes to intensify as tough recession will dominate 2023 January 3, 2023 2023 is expected to be an exceptionally tough year for the UK economy. The country is almost certainly already in a year-long recession, one that will probably prove to be deeper than that experienced in the early 1990s. The squeeze on household real incomes will intensify as rising interest rates join soaring inflation. Admittedly, the [...]
European stocks post biggest fall since 2018 while FTSE 100 ends year in green December 30, 2022 European stocks have notched their worst annual performance in four years driven by investors sweating over soaring inflation, rising interest rates and the prospect of a tough recession in the bloc. The pan-European Stoxx 600, an aggregate of Europe’s top indexes, finished 2022 down nearly 13 per cent, its biggest annual decline since a drop [...]
Mining and retail stocks push FTSE 100 into the green after Christmas shopping boost December 29, 2022 The FTSE 100 has been given a boost by its top retail stocks as investors cashed in on the post-Christmas sales shopping, and as China is set to ease its Covid restrictions for inbound travellers from January 8. Among the top performers on London’s leading index on Wednesday were JD Sports Fashion, Next, Kingfisher and [...]
S&P 500 set for worst year since 2008 as US stocks slide again December 29, 2022 A broad slide for stocks added to Wall Street’s recent losses on Wednesday, as investors count down to the end of the worst year for the S&P 500 since 2008. The S&P 500 fell 1.2 per cent , with technology, energy and industrial stocks among the biggest weights on the benchmark index. The tech-heavy Nasdaq [...]
FinTech sector asks UK government for more clarity in 2023 December 22, 2022 A group of UK based FinTech companies have written an open letter to the Financial Conduct Authority (FCA) calling for greater clarity on how open banking will be regulated from 2023 onwards. The letter criticizes the Joint Regulatory Oversight Committee (JROC), a regulatory body established in March by the Competition and Markets Authority (CMA). The [...]