Barclays hires JPMorgan veteran Peter Ward to head global e-trading team July 13, 2021 Peter Ward, a JPMorgan veteran, has been hired by Barclays to become head of digital strategy and global electronic trading from September. He will be based in New York City. Ward will report directly to the bank’s co-president, C.S. Venkatakrishnan, who led the global markets business after a major reshuffle at the top, according to [...]
Bursting the bubble: Do widespread narratives about speculative bubbles stand up to the evidence? July 13, 2021 | City Talk According to popular narratives, episodes of market bubbles are replete throughout financial history. Some commentators argue that current valuation levels may reflect the emergence of bubble-like conditions. But what exactly is a bubble, and what does the evidence say? A new book published by the CFA Institute Research Foundation argues that more critical analysis is [...]
UK retail sales post strongest quarter on record July 13, 2021 UK retail sales posted their best quarter on record as the lifting of Covid restrictions and Euro 2020 triggered a burst in consumer spending, according to new figures released today. Figures from the British Retail Consortium and KPMG show retail sales surged 10.4 per cent in the second quarter of this year compared to the [...]
Euro 2020 fuels surge in consumer spending July 13, 2021 Euro 2020, warmer weather and the lifting of Covid restrictions drove consumer spending up sharply in the UK in June, according to new figures released today. Data from Barclaycard shows spending was 11.1 per cent higher last month compared to June 2019, before the arrival of Covid, the sharpest rise since the start of the [...]
US stocks scale to new record highs July 12, 2021 US stocks reached another record high on Monday as investors eagerly await the start of earnings season. The tech-heavy Nasdaq and blue-chip S&P 500 both scaled to new heights today, but inched back shortly afterwards. The S&P 500 rose 0.19 per cent during morning trading, while the Nasdaq added 0.06 per cent. Read more: FTSE [...]
More staff yearn for their pre-pandemic commutes as return to looms July 12, 2021 More staff yearn for their pre-pandemic commutes as return to looms
UK firms to hire more staff as Covid recovery boosts confidence July 12, 2021 UK firms to hire more staff as Covid recovery boosts confidence
City A.M. TV: A market snapshot July 12, 2021 Last week’s price action left more questions unresolved than answered. Was Thursday’s weakness the start of a new pullback? Was Friday’s rally a dead cat bounce, or the start of a renewed uptrend? Have US 10 year bonds now put in their yield low? Indeed in the UK the pattern was similar with marked weakness [...]
Tide banking valued at $650m, after securing $100m in funding July 12, 2021 Tide Banking, the UK fintech startup, has raised over $100m in Series C funding, bringing its valuation to over $650m (£468m), the company announced today. The four-year-old startup has raised a total of $200m to date including the latest funding. The injection of cash will allow the company to grow its market share, and expand [...]
UK business confidence surges to record high July 12, 2021 The approaching end of Covid restrictions on 19 July has propelled business confidence to its highest level on record, shows new research published today. Accountancy firm BDO’s latest optimism index jumped to 112.45 in June, up from 109.71, to its highest level since the survey started in 2005. The increase was the fifth consecutive month [...]