Mitigating litigation risk: The impact of corporate social performance factors August 3, 2021 | City Talk Much has been written on the merits of ESG investing strategies and their ability to deliver comparable, if not superior, performance to traditional benchmarks. A majority of institutional investors are motivated to employ ESG investing strategies because they believe ESG will improve risk adjusted returns1, yet the circumstances in which ESG leads to better outcomes [...]
London Stock Exchange traders hit by third Refinitiv outage today August 2, 2021 London Stock Exchange’s Refinitiv news and data platform Eikon experienced an outage of several hours today, the company said, its third such glitch this year. The company reported similar issues in April and June. An LSEG customer support representative said the issue which started mid-afternoon had mostly affected users in Asia and the Europe, Middle [...]
FTSE 100 gets week off to a strong start as Covid cases fall again August 2, 2021 The FTSE 100 rose 0.7 per cent today as UK Covid-19 cases continued to decline, in what was a strong start to the week for global markets. Buoyed by a raft of heavyweights, London’s premier index closed at 7,081.72, with the 7,100 barrier firmly in its sights. It was an even better day for the [...]
Medical cannabis company confirms £45m London SPAC listing August 2, 2021 Medical cannabis firm Hellenic Dynamics has confirmed that it will go public in London through a SPAC deal valuing the company at £45.2m. Through its reverse takeover deal with blank cheque vehicle UK SPAC Plc, the company will list on the LSE’s main market. Today’s announcement comes after City A.M. earlier this year revealed that [...]
China securities watchdog seeks closer cooperation with US after Didi crackdown August 2, 2021 The China Securities Regulatory Commission (CSRC) has said it will enhance communication with its US counterpart on overseas listing after US regulators tightened disclosure for Chinese companies. The Chinese securities regulator said it had noticed the US Securities and Exchange Commission’s (SEC) new disclosure requirements for Chinese companies’ listings. It added the two sides should [...]
What does China’s stock market meltdown mean for investors? August 2, 2021 | City Talk Chinese markets have hit headlines again in recent weeks. Geopolitical tensions surrounding trade remain, but market behavior and performance – particularly in the tech sector – has also come to the fore. We asked Tom Wilson, Schroders’ Head of Emerging Market Equities, what’s causing the upset. The Chinese government seems to be cracking down on [...]
Countryside creep: London homeowners flee capital at record rate August 2, 2021 London homeowners are fleeing the capital at record levels as city slickers pursue newfound housing needs triggered by the Covid crisis, according to new figures released today. Research by estate agent Hamptons shows 61,830 Londoners purchased homes outside the capital in the first six months of this year, the highest number since they started recording [...]
UK jobs market recovery accelerates on better than expected consumer spending August 2, 2021 The UK jobs market recovery is accelerating as a stronger than expected rebound in consumer spending is encouraging firms to take on staff, according to new figures released today. Research published by Lloyds Bank shows the proportion of UK businesses expecting to ramp up hiring rose to 18 per cent, a sixth consecutive monthly increase [...]
AIM is ‘market of choice’ for large companies August 2, 2021 London’s junior market AIM is establishing itself as the exchange of choice for larger cap companies, according to new analysis published today. Accountancy group UHY Hacker Young said” “improvement in the overall quality of companies on AIM, partly achieved through more stringent quality control, is making AIM the stock market of choice for larger cap [...]
Sunday Read: Bank of England’s QE programme has muddied the water between right and wrong August 1, 2021 “The problem with QE is it works in practice but it doesn’t work in theory,” an often quoted joke said by former Fed chair Ben Bernanke. But, some are testing that hypothesis. The backdrop to Thursday’s Bank of England meeting is much more unforgiving than previous ones. A House of Lords committee recently accused the [...]