City A.M. TV: A market snapshot July 12, 2021 Last week’s price action left more questions unresolved than answered. Was Thursday’s weakness the start of a new pullback? Was Friday’s rally a dead cat bounce, or the start of a renewed uptrend? Have US 10 year bonds now put in their yield low? Indeed in the UK the pattern was similar with marked weakness [...]
The brands that won Euro 2020, from Volkswagen’s tiny ball-carrying car to Bud Light ‘box heads’ and ITV super-pundit Emma Hayes July 12, 2021 Italy were deserved winners of Euro 2020, which will be remembered as one of the best football tournaments all of time. Off the field brands have had their own competition for the hearts and wallets of consumers. Here are my thoughts on who emerged as the winners. EE EE is a long-standing sponsor of the [...]
Sterling nudges lower as Boris moves to confirm 19 July unlocking July 12, 2021 Sterling nudged lower on Monday as the Prime Minister Boris Johnson moved to confirm plans to remove nearly all remaining COVID-19 restrictions in England from 19 July, despite cases currently at their highest since the end of January. Sterling fell 0.4 per cent to $1.385 against the dollar this morning, after jumping to above $1.39 [...]
Boris Johnson needs to tread a path back to a free market economy and focus on facilitating investment July 12, 2021 Boris Johnson has always been difficult to classify in ideological terms. Ten years ago, he was a small-state economic and social liberal who identified as a One Nation Conservative. His City Hall rival Ken Livingstone initially feared he was “the most hardline right-wing ideologue since Thatcher” but later concluded he was “a fairly lazy tosser [...]
Credit Suisse chief compliance officer resigns as shake up continues in the aftermath of Greensill July 12, 2021 Credit Suisse’s chief compliance officer will depart the bank as it continues a shake up by its new chairman in the wake of a series of costly scandals. The banking giant announced that its Swiss chief compliance, Floriana Scarlato, would leave with immediate effect to explore opportunities elsewhere. Recently appointed chairman Antonio Horta-Osorio has vowed to [...]
Confused.com owner RVU to squeeze into online mortgage sector July 12, 2021 Confused.com owner RVU has snapped up online mortgage broker Mojo Mortgages, signalling its move into the home loan sector. The comparison site giant, which also owns Uswitch and Money.co.uk, declined to put a figure on the deal – however, paid £508m for Confused.com in December. “I can assure you the price is not nothing,” RVU [...]
Post-pandemic flexible working a must for burnt-out workers July 12, 2021 Over two thirds of workers want more flexible working post-pandemic, as just under half can’t switch off from work. A new study from Aviva shows that 44 per cent of workers feel they can’t switch off from work. As a result of always-on working, 40 per cent are now concerned about burn out. While both [...]
Google boss Sundar Pichai warns that internet freedom is at risk around the world July 12, 2021 Sundar Pichai claims that the free and open internet is under attack in countries around the world. The Google boss said that a lot of countries are restricting information and that the model is often being taken for granted. Pichai argued in a BBC interview that artificial intelligence is more profound than fire, electricity or [...]
Tech giants Foxconn, TSMC to buy 10m covid vaccines for Taiwan July 12, 2021 Two of the world’s largest tech firms Foxconn and TSMC inked an agreement worth £252m for buying 10m doses of Pfizer/BioNTech Covid-19 vaccine for Taiwan. The deal announced on Monday in a statement by BioNTech’s Chinese sales agent Shanghai Fosun Pharmaceutical Group. Under the agreement, Taiwanese firms Foxconn and Taiwan Semiconductor Manufacturing Co (TSMC) will [...]
Charles Stanley revenues on the rise at £46m July 12, 2021 Investment management firm Charles Stanley (CAY) saw revenue, total funds under management and administration grow in the first quarter. The wealth-management services group said total funds under management and administration increased by almost 6 per cent to £27bn as of June 30, from £25.6bn at March 31. Total revenue for the quarter was up by 8 [...]
