City A.M. T.V Daily Market Snapshot (video) April 6, 2021 Daily market snapshot: Having largely traded sideways in February and March, US equity markets have broken out to the upside over Easter.
IMF raises growth forecast for UK and global economy after vaccine successes April 6, 2021 The International Monetary Fund (IMF) has raised its forecast for UK economic growth, which is set to outpace the euro zone this year after its slump in 2020, but is unlikely to regain its pre-pandemic size until 2022. The IMF said the economy will grow by 5.3 per cent in 2021, up from a previous [...]
Mid-sized firms set for investment and hiring spree as UK exits lockdown April 5, 2021 Mid-sized firms set to splurge on investment and new hires as UK exits lockdown
GameStop shares slump as it plans $1bn post-rally stock sale April 5, 2021 GameStop shares slump as it plans $1bn post-rally stock sale
S&P 500 breaks through 4,000 mark as FTSE 100 pushes higher April 1, 2021 The S&P 500 broke through the 4,000 mark for the first time today as buoyant tech stocks and optimism about reopenings boosted Wall Street. The index was up 0.8 per cent 4,006 points shortly before 5pm. The Dow Jones and Nasdaq also rose 0.4 per cent and 1.5 per cent respectively. The rapid rollout of [...]
Hopes of Deliveroo rebound evaporate as shares slide further April 1, 2021 Any hopes of a rebound in Deliveroo’s share price quickly dissipated today as the delivery firm dipped even further. It was a disastrous first day of trading for Deliveroo which plunged as much as 30 per cent, wiping £2bn off its valuation. The delivery platform’s shares closed out their first day down 26 per cent [...]
City A.M. TV: Daily Market Snapshot (video) April 1, 2021 City A.M. TV: Daily Market Snapshot (video)
Sterling steadies after strongest quarter against the euro since 2015 April 1, 2021 The pound was little changed against the dollar on Thursday and a touch lower against the euro, but traders remained optimistic about its longer-term prospects. Sterling had its strongest quarter against the euro since 2015 in the first three months of the year, gaining around 4.8 per cent. UK manufacturing activity grew sharply in March [...]
Wall Street hits record high after FTSE 100 ends first quarter in the red March 31, 2021 Wall Street has posted its fourth consecutive quarter of gains after tech stocks pushed the S&P 500 to a record high today. The S&P 500 closed up 0.57 per cent, just shy of hitting 4,000 points for the first time as hopes of economic recovery offset a spike in US Treasury yields and the collapse [...]
Deliveroo shares slump 30 per cent on long-awaited stock market debut March 31, 2021 Deliveroo shares plunged by as much as 30 per cent on its long-awaited market debut, wiping more than £2bn off its valuation. The delivery firm’s shares closed out their first day of trading well down at 287p, a sharp drop from the offer price of 390p per share. The listing had been hotly anticipated given [...]