By 2028 the cybersecurity industry could be worth $418B October 18, 2021 | City Talk The year 2021 is turning out to be a big year for cybersecurity stocks. When work became remote and cloud computing became more essential, organisations found themselves facing new challenges head-on. Businesses are now more aware than ever that they must protect themselves from data theft and other cyberattacks. Subsequently, demand for high-end protection software [...]
Weakening Chinese economy weighs on London markets October 18, 2021 A weakening Chinese economy weighed on London markets this morning as investor sentiment soured on concerns the global supply chain crisis will last longer than expected. The capital’s premier FTSE 100 edged down 0.12 per cent to 7,226.20 points during the opening session. China’s economy was dragged down by energy shortages, soaring commodity prices and [...]
FTSE 100 tops pre-pandemic high on commodity rally October 15, 2021 Soaring commodity prices boosted industrial stocks on London markets this morning, lifting the capital’s premier FTSE 100 index to its highest level since before the pandemic. The blue-chip index advanced to 7,242.73 points in early trading, before pulling back slightly. More to follow.
US miner Bens Creek seeks London float October 14, 2021 American coal miner Bens Creek has announced plans to float on the Alternative Investment Market (AIM) of the London Stock Exchange this month. The company – which owns a metallurgical coal mine, wash plant, and rail loading facility situated on a 10,000 acre plot that covers parts of West Virginia and Kentucky – plans to [...]
London markets shake off Fed tightening concerns October 14, 2021 London markets this morning shook off fears that the Bank of England could follow the US Federal Reserve and begin tightening monetary policy next month. The capital’s premier FTSE 100 index climbed 0.69 per cent to 7,191.41 points during the opening session today. More to follow.
Clean energy investment crucial for reducing market volatility, says oil body October 13, 2021 Global volatility in the energy market and further price rises will continue without a major boost in clean energy investment, warns the International Energy Agency. Executive director Fatih Birol believes the transition to net-zero carbon emissions will remain unstable, unless future energy needs can be financed. As economies shift from fossil fuels and less sustainable [...]
Man Group assets hit record $140bn after cash injection October 13, 2021 Hedge fund manager Man Group has received $5.3bn cash, raising its assets to a new record of $139.5bn, the company said in an update to investors this morning. Funds under management rose by three per cent in the third quarter after the Group secured $5.3bn (£3.9bn) worth of cash – the highest quarterly amount in [...]
Return to growth fails to lift FTSE 100 as investors brace for BoE rate hike October 13, 2021 A return to economic growth in the UK was not enough to lift the FTSE 100 this morning as investors mulled whether the upbeat data would push the Bank of England to hike rates this year. The capital’s premier index dipped 0.45 per cent to 7,098.19 points. The UK economy grew 0.4 per cent in [...]
Perpetual debt is already here October 12, 2021 | City Talk “Be still indebted to somebody or other, that there may be somebody always to pray for you, [. . .] fearing, if fortune should deal crossly with you, that it might be his chance to come short of being paid by you.” François Rabelais, Gargantua and Pantagruel, Book III Pundits worldwide are debating what to do with [...]
FTSE 100 dips despite jobs market recovery October 12, 2021 A resurgence in the UK jobs market back to pre-pandemic strength was not enough to lift London markets into positive territory this morning. The capital’s premier FTSE 100 index dipped 0.71 per cent to 7,096.23 points during the opening session. More to follow.