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 [...]
Which stock markets look cheap? November 1, 2021 | City Talk The last time I wrote an update of stock market valuations was back in January. A great deal has happened in the world since then, but from a valuations standpoint, precious little has changed. Nothing is cheap. And the markets which were most expensive in January are still the most expensive. And those which were relatively [...]
ProCook sets IPO price range up to £200m November 1, 2021 UK kitchenware brand ProCook has today set a price range for its planned IPO which gives the retailer an estimated market capitalisation up to £200m. The company announced a price range for shares between 137p to 185p, making its estimated market capitalisation between £150m and £200m. ProCook said 40 per cent of the company’s issued [...]
Saudi Aramco’s lofty $30bn profits boosted by high oil prices October 31, 2021 Saudi Aramco has reaped the rewards of higher oil prices, having pulled in more than $30bn in net income in its third quarter. The earnings have surged an eyewatering 158 per cent – its highest income since listing on the Saudi stock exchange in 2019 – in comparison with the same period last year, when [...]
How Covid moved views on sustainability October 29, 2021 | City Talk The Covid pandemic has intensified concerns about environmental and social issues among individuals around the world who invest. That is one of the key findings from Schroders’ 2021 Global Investor Study. Another is that increasingly asset managers are expected to take responsibility for action over climate change. Here, we take a glance at the sustainability [...]
London markets dip as NatWest tumbles on money laundering charge October 29, 2021 London markets tumbled this morning driven by investors being spooked by NatWest booking millions to deal with the fallout of a money laundering scandal. The capital’s premier FTSE 100 index dipped 0.24 per cent to 7,231.78 points, while the mid-cap FTSE 250 fell 0.37 per cent to 23,113.91. More to follow.
Glencore’s marketing business FY earnings to surpass $3.2bn, says mining giant boss October 29, 2021 Glencore’s marketing business has lifted its full year adjusted earnings forecast to exceed $3.2bn, the mining giant’s CEO Gary Nagle said in the firm’s third quarter production update. Shares dipped 0.8 per cent to 356.4p per share during early trading. It follows Glencore’s recovery from reduced production as global energy markets have begun to rebalance [...]