Exclusive: 300 UK financiers provide £40bn in deforestation funds, claims WWF September 29, 2021 Around 300 City and UK-based financiers are directly providing £40bn in funding to companies that threaten Brazilian and Indonesian rainforests, according to nature charity WWF. The funding is provided through both investments and loans, the organisation told City A.M. in an email. Most of the companies are involved in the production of beef, palm oil, [...]
‘Alpha-Flation’: A Private Market Syndrome September 28, 2021 | City Talk In private equity (PE), there are more ways to calculate the alpha of a portfolio or fund than any other asset class. And in no sector other than private markets does investing in the average fund seem to go so poorly. Should it be this way? Is the average private market fund a bad fund [...]
Bailey’s hawkish tilt drags FTSE 100 down September 28, 2021 London’s FTSE 100 dipped during the moring session today driven by investors sentiment souring on governor of the Bank of England Andrew Bailey signalling rate hikes will come sooner than expected. The capital’s premier index lost 0.40 per cent to fall to 7,035.23 points during the first hour of exchanges. In a speech last night, [...]
Why capex is key to solving the supply chain issues hampering the economy September 27, 2021 | City Talk There are many incentives for capital expenditure (capex). Companies may invest in new technologies that help boost productivity and allow them to become more efficient. Or there may be inflationary pressures that companies want to offset with less waste, or through new equipment that will allow them to become more productive but will also help [...]
FTSE 100 dips as investors mull BoE’s hawkish tilt September 24, 2021 London’s FTSE 100 dipped during afternoon exchanges today driven by investors fearing the Bank of England’s hawkish tilt could be a looming headwind for markets. The capital’s premier index dropped 0.22 per cent to 7,062.47 points heading into the final session of the week. Retail and property stocks led the blue-chip index lower today. The [...]
Planes, trains and automobiles – how is Europe’s transport sector curbing its emissions? September 24, 2021 | City Talk Greenhouse gas emissions in the EU fell by 3.8% in 2019, according to the European Environment Agency, bringing them to 24.0% below the levels seen in 1990. However, the EU is targeting a 55% reduction by 2030 (compared to 1990) with the aim of reaching net zero by 2050. There is still a long way to [...]
FTSE 100 extends rally as investors eye MPC meeting September 23, 2021 London’s FTSE 100 continued its rally today as investors mull whether the Bank of England will follow the US Federal Reserve’s example and signal bond buying will taper this year. The capital’s premier index added 0.50 per cent to reach 7,119.04 points during the first hour of trading. The blue-chip index has recovered from heavy [...]
FTSE 100 tops 7,000 as investors eye Fed rate decision September 22, 2021 London’s FTSE 100 topped the 7,000 this morning as investors shift their focus from the potential impact if embattled Chinese property developer Evergrande collapses to today’s rate decision by the US Federal Reserve. The capital’s premier index climbed 0.87 per cent to 7,041.72 points during early exchanges. The US central bank will announce its next [...]
Markets: Fed decision the key focus later today as Evergrande uncertainty remains September 22, 2021 Turnaround Tuesday may have been an apt description for markets in Europe yesterday, however the performance of US markets was much less exuberant, with the S&P500 and Dow both closing the day lower, after initially looking as if they were going to follow suit and post a decent rebound. “That failure to recover even some [...]
Easing Evergrande fears lift FTSE 100 as investors brace for Fed rate decision September 21, 2021 The FTSE 100 rallied today to cancel out sharp losses registered yesterday, driven by easing fears over the fallout if heavily indebted Chinese property Evergrande collapses. The capital’s premier index finished up 1.12 per cent at 6,980.98 points, up from this week’s starting position of 6,963.64 points. Global markets sold off sharply on Monday, triggered [...]