Three Soft Skills You’ll Need To Succeed At A Tech Start-up July 11, 2022 If you’re working in the tech sector, hiring at a startup is something you’ve probably considered. Startups are booming in the UK: 38,240 tech firms were incorporated in 2021, up from 23,579 in 2020. According to data from Dealroom, in the first quarter of this year, tech firms raised a record £9bn, up from the [...]
Lawyers gearing up for ‘wave of litigation’ due to crypto crash: Furious Brits expected to claim losses back July 10, 2022 The collapse in the value of crypto is likely to lead to a raft of claims from UK investors who believe they have lost considerable sums of money after being mis-sold cryptocurrencies, lawyers have told City A.M. today. Mis-selling claims may arise in cases where cryptocurrencies were marketed as a low-risk investment, yet subsequently dropped [...]
S&P 500 to shed fifth of value if US tips into recession, Goldman Sachs warn July 10, 2022 Wall Street will suffer heavy losses if the US economy tips into recession, according to investment bank Goldman Sachs. The S&P 500 index, a broad measure of corporate America, will shed 19 per cent and close 2022 at 3,150 points if the American economy suffers a tough recession, Goldman said in a note to clients [...]
Week ahead: City eyes new economy figures and Bank governor Bailey comments July 10, 2022 The City will turn its gaze to fresh GDP figures published this week for signs that the UK is already in the teeth of a recession in a busy week of data announcements. London’s premier FTSE 100 index shook off the turmoil in Downing Street to climb 0.38 per cent and finish the week at [...]
80 per cent of all Brits have less than £500 in their account as hordes of people are slipping into debt July 9, 2022 The number of customers with persistent debt problems has jumped by almost a third as the cost-of-living crisis bites further, the boss of Lloyds said this morning. Charlie Nunn, who took over at the finance giant, said customers are “concerned” about the economy but said he believes many are talking “too negatively” about the financial [...]
Is Restructuring on the Rise Again in EMEA? July 8, 2022 | City Talk European dealmakers find themselves in a uniquely challenging position. Though other regions are also contending with rising inflation, supply chain problems, and the risk of economic recession, the direct and indirect consequences of Russia’s invasion of Ukraine are felt most intensely in Europe. The maelstrom of negative shocks risks souring the successes enjoyed by dealmakers [...]
Brits slash spending on essentials as cost of living soars July 8, 2022 Brits are tightening the purse strings and cutting back on essentials as the cost of living continues to soar, according to official polling today.
Top Hong Kong official to take over as FCA chair July 8, 2022 The Financial Conduct Authority has announced today that one of Hong Kong’s top financial officials will take over as chair of the watchdog next year.
June NFP preview July 7, 2022 | City Talk The June US jobs report is due to be released on Friday 8 July at 1.30pm (UK time). Coming at a time when market participants are concerned over the potential implications of impending rising interest rates off the back of soaring inflation, traders will be watching closely for any signs of an economic slowdown. Unfortunately, [...]
London markets ignore Johnson exit as banks lead FTSE 100 higher July 7, 2022 London markets today shrugged off prime minister Boris Johnson bowing to days of pressure and ministerial resignations and quitting office. The capital’s premier index jumped 1.14 per cent to 7,189.08 points, while the domestically-focused mid-cap FTSE 250 index, climbed 1.51 per cent to 18,875.53 points. Investors have been muted to the upheaval at Westminster over [...]