US stocks rebound after heavy losses July 20, 2021 US stocks recovered from a battering yesterday during the morning session as investors purchased assets that looked cheap after Monday’s falls. All the US’ main benchmarks rose in the morning. The blue chip S&P 500 was up 1.12 per cent; the tech-heavy Nasdaq increased 0.73 per cent and the Dow Jones added 1.49 per cent. [...]
UK bias causing British investors to miss out on potential gains July 20, 2021 UK investors are biased toward British shares despite London-based indices posting persistent long-term underperformance, according to new research. Figures from Quilter shows 64 per cent of investors with at least £60,000 in investible assets have more than a quarter of their portfolio invested in the UK. Read more: FTSE 100 bounces back to pare back [...]
Apollo pulls out of Morrisons takeover talks but could join Fortress-led bid July 20, 2021 Apollo Global Management has pulled out of its takeover talks to acquire Morrisons, but is in discussions to join the group leading the charge to buy the British supermarket chain. In a statement published this morning, the private equity firm said: “Apollo confirms that it does not intend to make an offer for Morrisons other [...]
London tops rankings for foreign investment July 20, 2021 London tops the table of regions in the UK with the greatest amount of foreign investment, according to figures published by the ONS. The value of foreign direct investment (FDI) in the capital reached £660.8bn in 2019, representing 42 per cent of the aggregate amount of inward FDI in the UK. The value of FDI [...]
US drugmakers and distributors to cough up $26bn to settle opioid claims July 20, 2021 US drug distributors and drugmakers are set to cough up $26bn to settle claims they helped stoke a nationwide opioid epidemic. Drugmaker Johnson & Johnson will pay $5bn, while drug distributors McKesson Corp, Cardinal Health, AmerisourceBergen Corp will pay $21bn altogether. The news was first reported by Reuters. Read more: US bins 60m contaminated Johnson [...]
Cummings: Johnson resisted lockdown as Covid deaths only among elderly July 20, 2021 Dominic Cummings has alleged that Boris Johnson was reluctant to introduce stricter Covid restrictions amid a surge in cases last autumn because he thought the disease was only killing the over 80s. “I no longer buy all this NHS overwhelmed stuff” Cummings said the prime minister had messaged him. Cummings claimed that Johnson wanted to [...]
Covid unlocking triggers surge in recruitment activity July 20, 2021 The lifting of Covid restrictions triggered a resurgence in recruitment activity among companies over the last three months, new research released today reveals. Totaljobs’ latest Hiring Trends Index shows 41 per cent of businesses increased recruitment activity in second quarter of this year, as firms rushed to rapidly scale staffing levels to cope with soaring [...]
Graduate job openings rise more than twofold July 20, 2021 This year’s graduates will enter a more buoyant job market with firms stepping up efforts to attract the best young talent as the spectre of Covid recedes, new research published today reveals. Figures from Adzuna show graduate job openings increased more than twofold over the last year, rising to 13,543 in July 2021, up from [...]
Global markets plummet as Delta variant fears intensify July 19, 2021 Intensifying fears over the rapid spread of the highly transmissible Delta variant of Covid triggered a sharp sell-off in global markets on Monday. All US benchmarks nursed heavy losses during today’s session. The blue-chip S&P 500 and Dow Jones plummeted 1.9 per cent and 2.4 per cent respectively, while the tech-heavy Nasdaq lost 1.4 per [...]
Companies boosted by Covid rank among the worst market performers July 19, 2021 Companies boosted by the onset of the Covid crisis rank among the worst performers on the market over the last year. Takeaway delivery company Just Eat Takeaway.com has benefitted from a surge in orders since the arrival of the virus as a result of Brits rushing to find substitutes to dining out during lockdowns. However, [...]