Withdrawing investor tax breaks could choke off start-up investment, VC bodies warn MPs June 27, 2022 Venture capital bodies have today warned MPs that the withdrawal of tax incentives for investors could choke off the flow of capital into UK start-ups and restrict the growth of the country's tech sector.
Dealmaking drought set to continue amid recession fears June 26, 2022 A dealmaking drought is set to continue this year as firms batten down the hatches for a prolonged period of rampant inflation and stock market turbulence, analysts have warned.
London IPOs in decline since Brexit vote as British companies flock to New York June 24, 2022 London’s IPO market share has dropped since the Brexit vote as British companies seek to list in New York. Listings in the UK are at their lowest in over 10 years despite the government relaxing some rules to attract IPOs and make London a post-Brexit listings favourite. IPO activity in the country dropped to about [...]
World’s biggest hedge fund bets £8.6bn against European stock market will keep falling June 24, 2022 Bridgewater Associates, the world’s biggest hedge fund, has bet £$8.56bn ($10.5bn) that Europe’s stock market will continue to decline. The US investment management firm shorted shares of 28 European companies, including bets of more than £407m ($500m) against 28 firms. The Bloomberg data, reported by the Times, says among the European firms shorted are France’s [...]
Second day of rail strikes send Trainline tumbling as FTSE 100 dips June 23, 2022 A second day of railway worker strikes sent shares in ticket booking platform Trainline tumbling as London’s top indexes dipped today. The capital’s premier FTSE 100 index dropped 0.97 per cent to 7,020.45 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 1.05 per [...]
Oil prices slump as recession fears rise June 23, 2022 Oil prices continued to decline this morning across both major benchmarks, weighed down by the growing risk of a recession.
1 Minute Market Rundown – 22nd June 2022 June 22, 2022 | City Talk Powell in Focus Later TodayUK Inflation Prints as Expected But Still Very HighJPY Hits 24 Year Lows Risk did rally yesterday as suspected with the S&P posting a 2% gain over the day. Correspondingly, the USD sold off against both the EUR and GBP. Something to note is that the USD did not back off [...]
1 Minute Market Rundown – 21st June 2022 June 21, 2022 | City Talk US Bank Holiday Quietens the MarketCrypto and Risk Markets Hold InCommodity Prices Begin to Rollover It took it being a US bank holiday but we finally had a quiet day, hallelujah! Equity futures, which were open, pointed higher and as such we saw a pause in the risk sell off. The USD continued to give [...]
1 Minute Market Rundown – 20th June 2022 June 20, 2022 | City Talk Volatility ReignsUS Bank Holiday May Quieten the Market for a DayCrypto Cracks but Bounces Happy Monday everyone and being a US bank holiday we may get some respite from the constant volatility we have been experiencing. The weekend did not allow us any chance to relax with BTC and ETH dropping through 20,000 and 1000 [...]
1 Minute Market Rundown – 17th June 2022 June 17, 2022 | City Talk Volatility ReignsUSD Bruised But Beaten YetCrypto Holds….For Now Well yesterday was not a day for the faint hearted – again! The SNB and the BOE both raised rates, one surprising the market by its move and one sticking to the script. The BOE acknowledged that inflation is out of control and the market took this [...]