What does a €50 carbon price mean for European companies? June 3, 2021 | City Talk Earlier this month, the EU carbon price moved above €50 per tonne for the first time ever. The price is now more than double its level prior to the pandemic, with a sharp rise in recent months. What is the EU carbon price? The EU Emissions Trading Scheme (ETS) is designed to put a price [...]
Former Wise employees to launch commission-free investment app after $1.5m round June 3, 2021 Two early Wise employees are capitalising on the rising demand for commission-free investment apps and have today announced a $1.5m pre-seed round for their own app. Lightyear, founded by Martin Sokk and Mikhel Aamer, claims to blend multi-currency accounts with unlimited access to markets without hidden fees or charges. It has today launched its waiting [...]
Exclusive: Europe’s first travel ETF to list in London this month June 2, 2021 Europe’s first travel and leisure ETF will launch in London later this month, as the industry starts to bounce back from the devastating impact of the pandemic. The Airlines, Hotels and Cruise Lines UCITS ETF will list on the London Stock Exchange in June and will be passported for sale across Europe, City A.M. can [...]
Wall Street creeps higher as investors bide time until key economic reports June 2, 2021 Wall Street’s main indexes edged higher today as cautious investors awaited key economic data later in the week. The Dow Jones Industrial Average rose 0.2 per cent at the open, while the Nasdaq Composite gained 0.1 per cent. The S&P 500 also added 0.1 per cent as it continued to recover its losses following a [...]
Bank of England Governor Andrew Bailey doubles down on climate plans June 1, 2021 The Bank of England Governor has doubled down on promises to carry out policies to help the UK shift to a net zero economy, but warned it was not regulators’ role to enforce change. Central banks have started to outline plans to help steer the path for economies and financial systems as they transition to [...]
Bank of England carefully monitoring rising house prices, says Cunliffe June 1, 2021 The Bank of England is carefully monitoring the rise in house prices which has been largely fuelled by the extension of the stamp duty holiday. A year ago activity in the housing market collapsed in the wake of the first lockdown with transactions dipping to a record low of 42,000 in April 2020. Since then [...]
Wall Street opens higher while the FTSE 250 closes at a new record June 1, 2021 Wall Street opens higher as FTSE 250 closes at a new record
Made.com: Online retailer confirms plans to raise £100m in London IPO June 1, 2021 Made.com has confirmed plans to list in London later this month after capitalising on the shift to e-commerce during the pandemic. Last week the online furniture retailer unveiled plans for a float and today confirmed it plans to raise £100m, and the offer will include an offer of existing shares to be sold by existing [...]
Crowdcube launches IPO platform for retail investors June 1, 2021 Crowdcube has today announced the launch of a new IPO platform as minister plan to reduce the dominance of institutional investors in listings. The UK crowdfunding company allows retail investors to xxx . It will offer a service for public as well as private share sales from this summer, the Financial Times reported. “These community [...]
City A.M. TV: A Market Snapshot June 1, 2021 Market snapshot: Many key global equity markets have been tracking sideways, consolidating their gains in recent weeks.