Pound drops against dollar as Bank of England keeps interest rate at record low November 4, 2021 Pound sterling has fallen by almost one per cent against the dollar to $1.36 after a shock decision by the Bank of England to hold rates at 0.1 per cent. It fell similarly against the Euro by 0.51 per cent to €1.172. The market movements follow the surprise decision by the BoE to leave interest [...]
FTSE 100 dragged down by Darktrace continuing to tank November 3, 2021 Darktrace shares continued to plummet during the opening session today, dragging London’s premier index down with it. The capital’s FTSE 100 index dipped 0.20 per cent to 7,260.25 points. However, the mid-cap FTSE 250 fared better, eding up 0.06 per cent to 23,154.92 points. More to follow.
The next memestock? Avis shares rocket 218 per cent in a single day November 2, 2021 Shares in car rental giant Avis are surging this afternoon after positive earnings data, leading some to compare the jump to those of memestocks Gamestop and AMC. Its stock price is currently trading up 81.5 per cent to $316, after paring some early gains. Avis shares were rallying as much as 218 per cent immediately [...]
Keeping an eye on gender lens investing and women in leadership November 2, 2021 | City Talk Gender lens equity investing developed from a substantive body of research demonstrating the financial, risk management, decision-making and other corporate benefits of higher levels of women in leadership. In our coverage universe at Parallelle Finance, 27 gender lens global and regional equity funds are available to individual investors. Their assets under management (AUM) totalled $3.47 [...]
Markets: Standard Chartered, Flutter and miners put FTSE 100 in a hole November 2, 2021 The FTSE 100 is down this morning, weighed on by Paddy Power owner Flutter and Asia-focussed bank StanChart. The blue-chip FTSE 100 index eased 0.5 per cent after closing at fresh February 2020 highs yesterday, while the UK-centric mid-cap index slipped 0.2 per cent. Miners BHP, Rio Tinto and Anglo American were among the worst performers on [...]
How do you create a gap in the market? November 1, 2021 | Sponsored The biggest reason new businesses fail is lack of market need. When it comes to building a viable entrepreneurial business strategy, the number one thing you need to do is identify a gap in the market. But how do you spot a gap in the market as quickly as possible, before you start dedicating valuable time [...]
Q&A: How tech is shaking up the banking sector November 1, 2021 | City Talk A technological revolution is occurring, which is affecting all business sectors. And the Covid-19 pandemic has been accelerating this process. Banking is one area that has been particularly disrupted by technology for some time, but it was during the pandemic that customers really started to change their banking habits. Banking over the counter in High Street branches is [...]
London markets climb as Staley steps aside after FCA Epstein probe November 1, 2021 London markets climbed during the opening session of November as Barclays chief Jes Staley stepped down after UK regulators showed the bank preliminary findings of its investigation into his ties with disgraced financier Jeffrey Epstein. The capital’s FTSE 100 premier index advanced 0.60 per cent to hit 7,280.97 points, while the mid-cap FTSE 250 climbed [...]
Five reasons why energy transition stocks can weather the inflation storm November 1, 2021 | City Talk The current inflationary pressures putting strain on global equity markets are impacting energy transition equities more than most, with many of its sub-sectors right in the eye of the storm. But while these short-term threats are painful, they should not detract from the longer-term investment opportunity. Inflationary pressures have been at the heart of this disruption. Global supply [...]
How do retail investors feel about returns from sustainable investing? November 1, 2021 | City Talk We have all heard the story: sustainable funds are in high demand. By the middle of 2021, their assets had reached an unprecedented $2.3 trillion, mainly driven by continued growth in the European fund market (Source: Reuters). Net sales in the first half of 2021 had already overtaken those in 2020, which in turn were more [...]