Don’t make climate promises you can’t keep November 9, 2021 | City Talk Company CEOs and governments have rushed recently to make “net-zero by 2050” promises. This is a very admirable sentiment but in reality, how many of those CEOs and leaders of government will be in their current positions in 2050? Likely zero. Promises are easy to make when making them is an easy way to carry [...]
Private equity and UK tech powering £8.4bn M&A tsunami on LSE’s AIM as deals jump 155 per cent November 8, 2021 The value of M&A deals on London’s Alternative Investment Market (AIM) has jumped 155 per cent to £8.4bn in 2020/21, compared to £3.3bn in 2019/20, according to new research shared with City A.M. this morning. The large rise in the value of AIM M&A deals this year is due in large part to a number [...]
Global IPO bonanza: Market listings raise record $346bn in 2021 so far November 5, 2021 The global IPO market is booming, according to new data from Refinitiv ahead of the likely listing of Amazon-backed EV maker Rivian next week. IPOs have raised more than $346bn so far this year, with technology the unsurprising star sector. All up, 1,793 initial public offerings have been recorded globally so far during 2021, two-thirds [...]
Markets: BT helps FTSE power ahead as pound sterling slips November 5, 2021 The FTSE 100 was sitting in the afterglow of the Bank of England’s rate call and was also boosted by BT group this morning, pushing it up 0.4 per cent to 7,304. The FTSE 250 meanwhile was also up 0.4 per cent to 23,564. Pound sterling fell further against the US dollar, down to $1.346 [...]
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 [...]