Have smartcards had their day? Exploring alternatives for secure Bacs payments August 14, 2024 | Sponsored Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra Smartcards, embedded with integrated chips to store digital certificate data, are widely used in corporate payments for their security, convenience, and efficiency. The UK’s Bacs payment system has used smartcards to facilitate corporate access since the switch to Bacstel-IP in 2003. While smartcards offer great security, [...]
Meet the Fund Managers: Pantheon International co-lead manager talks mistakes and defends private equity August 12, 2024 In this episode of Meet the Fund Managers, Elliot sits with Helen Steers, co-lead manager of private equity trust Pantheon International Plc (PIP).
Slack continues to build in jobs market but employers look to ‘green shoots’ August 8, 2024 The survey pointed to a subdued demand for staff as a key reason for the decline in permanent placements, which extended the downturn to nearly two years.
Panic over? London’s FTSE 100 surges after overnight rally in Asia August 7, 2024 The global market rally picked up the pace on Wednesday with European equities surging after Japanese stocks recorded strong overnight gains. The FTSE 100 was up 1.8 per cent at 8,166.88 while the midcap FTSE 250 gained 1.0 per cent to trade at 20,576.03. The CAC in Paris gained 2.0 per cent while the DAX [...]
FTSE 100: London markets edge higher after Monday’s massive sell-off August 6, 2024 Both indexes recorded big falls yesterday, dropping around 2.0 per cent and 2.8 per cent respectively.
‘A turbocharged turnaround’: Asian stocks rebound after Monday’s global market rout August 6, 2024 "it's a turbocharged turnaround Tuesday in Asia," Deutsche Bank's Jim Reid said.
How the Bank of Japan fuelled the market rout August 5, 2024 Japanese equity markets suffered their worst day in decades as part of a global market sell-off fuelled in part by a long-awaited normalisation in Japan’s monetary policy. The Nikkei 225 lost 12.4 per cent on Monday, its worst day since 1987. The rout wiped out all the gains made by the Nikkei this year. The [...]
Bank of England chief Andrew Bailey ‘looking forward’ to serving for another four years August 4, 2024 Andrew Bailey has vowed to stay on for the duration of his eight-year term despite several calls for his resignation.
Crucial US inflation data rises slightly faster than expected as Fed ponders next rate move July 26, 2024 A crucial piece of US inflation data came in slightly hotter than expected last month as the Federal Reserve considers when to start cutting interest rates. Figures out today showed the core personal consumption expenditures (PCE) price index, which is the Fed’s preferred gauge of inflation, remained stuck at 2.6 per cent in June. This [...]
Six graphs the Bank of England will study before August interest rate decision July 24, 2024 For the first time since last September, there is genuine uncertainty about the Bank of England’s next move on interest rates. The Monetary Policy Committee (MPC) will meet next Thursday, with markets putting the odds of a cut at about 40 per cent. There’s enough evidence of disinflation to warrant a cut. Similarly, more hawkish [...]