What’s behind market volatility in China? March 23, 2022 | City Talk It’s been a rollercoaster week for Chinese stock markets. We explain why and get the views of Schroders’ experts Robin Parbrook, Maggie Zheng and David Rees. In the last week, equity markets in mainland China and Hong Kong Special Administrative Region have experienced a rout, and a subsequent rally in the past two days. At [...]
1 Minute Market Rundown – 23rd March 2022 March 23, 2022 | City Talk Russia – UkraineYields in focusCrypto consolidates A feeling of deja vu overnight as Australian, New Zealand and South Korean 10 year yields all hit fresh cyclical highs as the rates market continues to reprice. Interestingly enough, stock markets held on with the S&P even clearing its 200 DMA. It seems the hawkish rhetoric from Powell [...]
Vehicle analytics supplier Quartix expects nearly 25 per cent increase in installations for first quarter March 23, 2022 One of Europe’s top suppliers of vehicle telematics and analytics increased unit installations by nearly 25 per cent in the first quarter of the year. Quartix Technologies is to hold its Annual General Meeting later today, and in a trading statement, said its experienced “strong growth” across the early part of 2021, which is expected [...]
UK’s second biggest automotive firm Pendragon’s profits soar in post-pandemic revival March 23, 2022 The second biggest automotive retailer in the UK, Pendragon, increased its underlying pre-tax profit by ten-fold in 2021. The Nottingham-based firm increased its revenue by 18 per cent from the pandemic year, making £61.5m in profit after 2020’s near-£25m loss. It also had £83m in underlying profit before tax, a major improvement from 2020 which [...]
London Metal Exchange says it has no plans to shut out Russian metals March 22, 2022 The London Metal Exchange said it has no plans to block trading metals from Russian producers despite pressure to clampdown.
Oil rally stalls as EU remains split on sanctions March 22, 2022 Oil prices stumbled today as the prospect of an EU embargo on Russian oil faded - while the dollar also strengthened in the US.
Bosses at UK arm of Russian energy giant Gazprom seek to buy it out as insolvency looms March 22, 2022 Bosses at the UK arm of Russian energy giant Gazprom have made a bid to buy it out, as sanctions against its parent company threaten to make it insolvent. Manchester-based Gazprom Energy, which supplies more than a fifth of gas used by UK companies, has been left just days from needing a government bailout through [...]
Households turn to solar panels and smart meters to tackle rising energy bills March 22, 2022 Solar panels and smart meters have gained traction with households hoping to cut energy bills, according to search data from eBay UK.
M&A Deals in Turkey & the Middle East: Increasingly Digital March 22, 2022 | City Talk How is increased digitization impacting M&A in the Middle East and Turkey? Some experts in the region recently met to discuss this issue. And it appears that tech is on the up, in terms of deals and dealmaking, along with general optimism for M&A there. A strong M&A market Last year, MENA M&A activity reached [...]
Cotton and wheat prices rebound as fears of supply shortages mount March 22, 2022 Cotton price soared to 131.7 cents per pound yesterday - its highest level since June 2011, with robust demand from China.