Rolls-Royce kicks off £2bn disposal programme with nuclear instrument sale December 7, 2020 Rolls-Royce today announced that it would sell its nuclear instrumentation business in the first stage of plans to make £2bn in disposals to fuel its post-coronavirus recovery. The blue-chip engineer said that it would sell the business, which employs 550 people, to French nuclear firm Franatome, for an undisclosed fee. In a statement, the FTSE [...]
Pound slides as investors fret over Brexit talks December 7, 2020 The pound fell sharply as investors began to question whether a Brexit deal would be reached, with traders unwinding bets made last week amid fresh uncertainty over negotiations. Sterling tumbled 1.3 per cent against the dollar to $1.326, having hit a two year high of $1.354 on Friday. The pound also slid against the euro, [...]
Londoners rush back to the shops as lockdown ends December 7, 2020 Londoners rushed back to the capital’s shopping destinations this weekend as people across the country welcomed the end of lockdown with some much needed retail therapy. Data from market research firm Springboard showed that across all UK retail destinations footfall increased 93.5 per cent on Saturday. There was an especially large surge in shoppers in [...]
Ollie Phillips: England may have won but France were the real stars of the Autumn Nations Cup December 7, 2020 It was brilliant to see England claim the Autumn Nations Cup in such dramatic fashion on Sunday. Rugby fans have been missing that kind of competitive tension, so it was awesome that the competition was decided by a golden penalty. But while England took the silverware, much of the plaudits will rightfully go to the [...]
Jacob Rees-Mogg tells Rishi Sunak that raising taxes will cost Tories next election December 7, 2020 Jacob Rees-Mogg has warned Rishi Sunak that he will cost the Tories the next election if he raises taxes next year in what could be the start of a cabinet row. The Leader of the House of Commons said on his Moggcast podcast last night that raising taxes would damage the UK’s economic recovery and [...]
A healthy dose of FOMO can get London’s workers back to the office December 7, 2020 Covid-19 has made central London unrecognisable — the quiet streets and empty offices of today are a far cry from the bustling metropolis it once was. Despite the end of the second national lockdown, there hasn’t been much improvement since the summer. A recent survey from Arup showed that London is still trailing other British [...]
Climate change analysis: what tools do investors need? December 7, 2020 ‘Climate Change Analysis in the Investment Process’ is a significant report that explores the role of the financial industry in addressing the impact of climate change. Published by CFA Institute in September 2020, the report includes case studies of firms that are integrating climate-related analysis into their investment models. The report also provides six recommendations [...]
London Stock Exchange appoints Julia Hoggett as new chief exec December 7, 2020 The London Stock Exchange Group has appointed Julia Hoggett as the new chief executive of subsidiary London Stock Exchange, which runs the company’s markets in the capital. Hoggett joins from regulator the Financial Conduct Authority (FCA), where she was the head of market oversight. In a statement released this morning, Hoggett said: “I am delighted [...]
Eurozone investor sentiment soars amid vaccine optimism December 7, 2020 Positive vaccine news has made Eurozone investors vastly more cheery, with a closely watched sentiment index hitting its highest level since February. The Sentix Eurozone investor sentiment index jumped to minus 2.7 in December from minus 10 in November, the data company said today. Driving the surge was a sharp recovery in investors’ views of [...]
Uber Bullish? December 7, 2020 In range… The market remained well within the recent range and given the persistent leverage interest as evidenced by the steep contango term structure and futures & options open interest (OI) near record highs, suggests further upside barring any unexpected developments. The major risk associated with the “uber bullish” market is crowded trades and this [...]
