Can global cities still thrive after the Covid-19 crisis? May 17, 2021 | City Talk The Covid-19 pandemic has led to many changes in the way people live and work. With many forced to work from home during lockdown, some people are now questioning whether they need to live in the city in which they work. This has prompted much speculation in the media about the future of global cities [...]
FTSE 100 rebounds from five-week low while Wall Street extends recovery May 14, 2021 London’s FTSE 100 rebounded this afternoon as heavyweight financials stocks lifted the index after hitting a five-week low yesterday. The blue-chip index rose one per cent during afternoon trading, with software firm Sage adding 3.4 per cent after forecasting a year of growth towards the top end of its range. Read more: IPO: London commodities [...]
IPO: London commodities dealer Marex looks to float on LSE in £500m move May 14, 2021 London commodities dealer Marex looks to float on LSE in £500m move
BoE’s Bailey: Inflation pressure will not last May 13, 2021 Bank of England governor Andrew Bailey reckons factors pushing up inflation in the coming months will not persist, but nevertheless the Bank will keep a watchful eye on the situation. “So the really big question is: ‘Is [higher inflation] going to persist or not?’ Bailey said at an event with members of the public organised [...]
FTSE 100 sinks to five-week low while tech shares drive Wall Street higher May 13, 2021 London’s FTSE 100 dropped sharply this afternoon, giving up yesterday’s gains amid fears of a rise in inflation and weak performance from heavyweight stocks. London’s premier index was down by 0.7 per cent in afternoon trading, dropping to 6,953.60 points – its worst price for almost a month. The FTSE 250 of midcap companies was [...]
Electric scooter startup Bird to go public in £1.6bn SPAC deal May 12, 2021 Bird Rides announced a merger with Switchback II Corp, a blank-cheque company, to go public in a deal that values the electric scooter company at £1.6bn. SPACs are listed companies that use the proceeds from an IPO to buy a private firm and take it public. The scooter rental company said the deal will be [...]
US inflation sees biggest leap in nearly 13 years May 12, 2021 Consumer prices in the United States shot up 4.2 per cent in the 12 months to April, which could add fuel to market fears of a lengthy period of higher inflation. The jump marked the biggest increase in consumer prices since June 2009, and the biggest inflation gain since September 2008. The jump also followed a [...]
Why you shouldn’t try to time the top of the market May 12, 2021 | City Talk At the end of March, the S&P 500 index of US large companies was valued at 34 times its earnings over the past 12 months. This is more expensive than at the peak of the dotcom bubble at the end of 1999, when the figure was 31 times. And it’s a long way above the [...]
As economies reopen, inflation fears return with a vengeance May 12, 2021 London’s FTSE 100 is on course for its worst day in three weeks this afternoon amid inflation concerns. Inflation has never really been away. It’s been a central theme that has dominated conversations among economists, analysts and bankers over the past few months, and more specifically, the possibility that it is about to take off. [...]
Brexit hit: City of London suffers £2.3 trillion derivatives loss in a single month May 11, 2021 The City of London suffered a loss of £2.3 trillion in a single month in its lucrative derivatives trading market, with Wall Street trading platforms the ones that benefitted. U.S. swap-execution facilities pulled in more trades across euros, pounds and dollars in March while London experienced an exodus compared to last July, while venues in [...]