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.
Oil prices continue to rise amid energy crisis October 11, 2021 Oil prices passed $84 a barrel last night as Brent Crude’s rally entered a new week. This is oil’s highest valuation on the UK-based index since March last year. The resurgence in oil prices has been boosted by a global shortage of gas and spiralling energy costs. It has resulted in oil stocks gaining 37 [...]
Further oil price gains boosts FTSE 100 October 11, 2021 Further gains in oil prices boosted industrial stocks this morning, lifting the FTSE 100 into positive territory. The capital’s premier index was up 0.12 per cent to 7,104.27 points during the first couple of hours of trading. Industrials led the FTSE higher this morning, with oil megacaps BP and Royal Dutch Shell both climbing more [...]
What you need to know about buying bitcoin October 11, 2021 | City Talk If you don’t know your bitcoin from your blockchain, this article is here to help. Is there a bitcoin barrier to entry? For many curious investors who have yet to dip their toes in the proverbial waters, the biggest thing holding them back may be summed up in one word: knowledge. The more you try [...]
On a charge or out of juice – can EV charging infrastructure keep up with demand? October 11, 2021 | City Talk One of the most notable trends of the past 18 months has been soaring demand for electric vehicles (EVs). This is particularly the case in Europe, where the share of EVs as a percentage of overall car registrations has grown to almost 10% (chart 1). Other geographies are also now showing renewed signs of strength, [...]
Burger King UK prepares for whopper £600m London listing October 10, 2021 Fast-food chain Burger King is preparing to float on the London Stock Exchange for around £600m, according to reports. Burger King UK is understood to be in advanced discussions with potential advisers, including Investec and Numis bankers, as the company readies itself to list next year, according to The Times, which first reported the news. [...]
FTSE 100 lifted slightly by travel stocks October 8, 2021 The FTSE 100 inched 0.3 per cent higher this morning, as travel stocks lifted the index after a hoard of destinations were taken off the red list. British-Airways owner ICAG, Whitbread and Ryanair gained between 0.5 per cent and 2.9 per cent. Though the FTSE 250 slipped 0.12 per cent dragged by fellow travel heavyweight TUI, which [...]