Barclays hires JPMorgan veteran Peter Ward to head global e-trading team July 13, 2021 Peter Ward, a JPMorgan veteran, has been hired by Barclays to become head of digital strategy and global electronic trading from September. He will be based in New York City. Ward will report directly to the bank’s co-president, C.S. Venkatakrishnan, who led the global markets business after a major reshuffle at the top, according to [...]
Bursting the bubble: Do widespread narratives about speculative bubbles stand up to the evidence? July 13, 2021 According to popular narratives, episodes of market bubbles are replete throughout financial history. Some commentators argue that current valuation levels may reflect the emergence of bubble-like conditions. But what exactly is a bubble, and what does the evidence say? A new book published by the CFA Institute Research Foundation argues that more critical analysis is [...]
Is digital currency the future of cashback and loyalty points? July 13, 2021 Alex Lightman explains how cryptocurrencies can be woven into the fabric of our everyday purchases in the shape of loyalty programs.
Kate Middleton-favoured maternity brand Seraphine eyeing £150m IPO July 13, 2021 Online maternity and nursing brand Seraphine is looking to raise just over £150m in its London IPO, floating on the tech-crazed market for the first time today. Today’s float, which commenced at 08:00, will see Kate Middleton’s go-to maternity brand’s shares set at 295p per share under the ticker “BUMP”. Around 50 per cent of [...]
FAA finds new fault in Dreamliner in latest Boeing setback July 13, 2021 The US Federal Aviation Administration (FAA) said that it had found another fault in undelivered Boeing 787 Dreamliner planes. The aerospace giant will have to fix the issue before the jets can be delivered, it added. According to the FAA, the issue poses no immediate threat to flight safety. The issue in question is “near [...]
France hits Google with €500m fine in news copyright row July 13, 2021 The French competition watchdog has hit Google with a €500m (£427m) fine for failing to comply fully with temporary orders handed down in a copyright row with news publishers. News outlets including Agence France-Presse (AFP) accused the tech giant of failing to open talks “in good faith” to reach an agreement on remuneration for online [...]
England footballer Tyrone Mings slams Priti Patel over racism response July 13, 2021 England footballer Tyrone Mings has launched a blistering attack on Priti Patel over her response to racist abuse after the home secretary previously described taking the knee as “gesture politics”. Marcus Rashford, Bukayo Saka and Jordan Sancho have been subjected to racist hate on social media after they missed penalties in the Euro 2020 final [...]
Revolution Beauty to make stock market debut July 13, 2021 Revolution Beauty are plotting a float on London’s alternative markets valuing the company at nearly half a billion pounds. The float has received strong support from shareholders and was significantly oversubscribed, the UK-based firm said this morning. Read more: Asos enters deal with Nordstrom to bolster Topshop’s US presence Adam Minto, the beauty firm’s boss [...]
Hotel Chocolat records strong results following ‘promising’ in-store performance July 13, 2021 Hotel Chocolat have announced impressive revenue in their latest fiscal year results, seeing an increase of 21 per cent on 2020, while it is also up 24 per cent on 2019. With the ten weeks from 19 April to 27 June boosted by the reopening of the high street, the UK cocoa manufacturer saw its [...]
Halfords goes digital with launch of separate software platform July 13, 2021 Car and bike retailer Halfords has entered the software industry by launching B2B firm Avayler, it was announced this morning. The software, which was developed for Halford’s garages, will allow users to streamline their delivery processes. It’s first customer will be American Tire Distributors (ATD), one of the largest suppliers to the replacement tire industry [...]
