FTSE 100 jumps on post-lockdown hopes but Wall Street flat April 6, 2021 London’s FTSE 100 climbed by 1.4 per cent today as prospects of a planned re-emergence from lockdown next week boosted shares. The capital’s premier index currently stands at 6,840, its highest levels since 11 January. Across the Atlantic, however, the mood was more subdued, with Wall Street’s main markets flat at the open this afternoon. [...]
More young people are turning to ISAs to invest, but also to have impact April 6, 2021 | Sponsored The impact of the global pandemic, big political changes, and social justice movements on day-to-day life in the past 12 months has been substantial. One of the key areas affected has been people’s personal finances, from loss of income on one hand, to increased savings from less leisure spending on the other. So how have [...]
Monzo finance chief leaves for crypto platform Luno April 1, 2021 Monzo’s chief financial officer is the latest top-level executive to leave the digital bank after just two years with the challenger bank. Alwyn Jones, who joined Monzo in September 2018 from Barclays, will join cryptocurrency firm Luno as CFO as cryptocurrency gains traction among top financiers. Luno is a leading crypto exchange launched in 2013 [...]
Today final day for borrowers to apply for payment holiday on mortgages, cards and loans March 31, 2021 Borrowers have until the end of today to apply for a payment holiday on products such as mortgages, personal loans and credit cards. Eligible customers who have not taken a payment holiday before, and those who have previously had a payment deferral totalling less than six months, have until tonight to apply. Payment holidays are [...]
Exclusive: Govt policy shows UK tech is ‘guiding light’ in pandemic recovery, says Beacon CEO March 30, 2021 Despite the upheaval that the pandemic has caused for many individuals and businesses across the UK, the tech sector has been relatively resilient over the past 12 months. The industry’s continued strong performance is reflected by recent data compiled by Tech Nation and the government’s Digital Economy Council, which shows that 10 per cent of [...]
Bernoulli’s Prisoner’s Dilemma: applying the scenario to modern markets March 30, 2021 | City Talk In 1738, the Swiss mathematician and physicist Daniel Bernoulli proposed a simple thought experiment: “A rich prisoner who possesses two thousand ducats but needs two thousand ducats more to repurchase his freedom, will place a higher value on a gain of two thousand ducats than does another man with less money than he.” Let’s place [...]
Bond investors and sustainability: is it all greenwash? March 29, 2021 | City Talk With issuance of green, social and sustainability bonds expected to hit a record $650 billion this year, Schroders’ Head of Sustainable Credit Saida Eggerstedt tackles the topic of greenwashing. “We are in a boom era for borrowing linked to sustainability criteria,” according to Saida Eggerstedt, Schroders’ Head of Sustainable Credit. In 2020, the global issuance [...]
Investment trusts beat dividend drought with record payouts March 29, 2021 As companies across the globe slashed payouts during the pandemic investment trusts beat the drought by raising dividend payments to record levels. Investment trusts dished out an extra £87bn in dividends last year, equivalent to a 4.2 per cent annual increase. Between April and December 2020 more than three quarters of trusts investing in equities [...]
FTSE 100 and Wall Street rise on recovery optimism March 26, 2021 FTSE 100 climbed further this afternoon as Wall Street opened higher on renewed economic recovery optimism. London’s blue-chip index is trading 0.9 per cent higher this afternoon as higher retail sales triggered a new wave of confidence in the economic recovery. Mining stocks including Rio Tinto, Anglo American and BHP pushed higher after a slow [...]
Curve launches NFT auction in bid to raise cash for London theatres March 26, 2021 Fintech Curve has joined the NFT bandwagon and launched an auction in a bid to raise cash for London’s theatres that have been left devastated by the pandemic. Non-fungible tokens are cryptocurrency takens which certify the ownership of a unique digital file using blockchain. They have become a way for creatives to raise cash during [...]
