Are Brokers ready to rule Crypto? July 14, 2020 As the crypto market matures and large cryptocurrency exchanges amass deep liquidity, brokerage firms–prime brokerages included–are ready to enter the market, setting the stage for the next phase of industry growth. When it comes to traditional financial markets, brokerages have long offered essential services to customers. Whether it’s full-service investment brokers providing investment advice and [...]
Want to be a better investor? Six tips from Howard Marks, CFA July 14, 2020 “No amount of sophistication is going to allay the fact that all of your knowledge is about the past and all your decisions are about the future.” — Howard Marks, CFA Oaktree Capital Management co-chairman Howard Marks, CFA, sat down with Bloomberg senior editor John Authers at the 73rd CFA Institute Annual Virtual Conference and offered [...]
What are “accidental savers” doing with their surprise savings? July 14, 2020 Lockdown restrictions have curbed spending, resulting in higher savings in the UK. Some of this has found its way into the financial markets; actively managed responsible investment funds have been the biggest beneficiaries. The words “accidental” and “saver” don’t often appear in the same sentence together. Saving usually takes some effort and requires sacrifices and [...]
DFS to cut jobs at Dwell and Sofa Workshop as revenue falls £271m July 14, 2020 Furniture firm DFS has announced that it will cut jobs as part of a restructuring programme after the coronavirus pandemic caused revenue to drop £271m year-on-year to £725m. The company said that the cuts would take place at subsidiaries Dwell and Sofa Workshop, and were necessary in order to maintain DFS’ “future competitiveness”. The restructurings [...]
Revenue soars at Ocado during lockdown July 14, 2020 Retail sales for the first half of 2020 for online grocer Ocado jumped 27 per cent to £1bn, as Brits did their supermarket shopping from home. The group reported a loss before tax of £40.6m in the six months to the end of May, citing an increase in investment to handle increased demand as a [...]
Lockdown London: A tale of two cities July 14, 2020 On Sunday evening, a friend and I had a game of tennis in a small unremarkable suburban local park. Surrounded by terraced houses, it is the kind of park of which there are 3,000 dotted across the capital. Too hilly for a game of football but with a couple of rarely used tennis courts for [...]
Running from home: StanChart Great City Race back for 2020 July 14, 2020 One of the City calendar’s highlights will still go ahead this year – albeit in a new, remote format. The Standard Chartered Great City Race will be held on Tuesday 21st July, with entrants running from home or around their homes rather than around the landmarks of the City and the Square Mile. This year, [...]
My son needs medical cannabis — but the UK approach remains a national disgrace July 14, 2020 For any parent to hear a child’s horrific scream as they have a seizure, not breathing or responding, is a rude wakeup call that life will be far from normal. Alfie was just eight months old and diagnosed as suffering from a rare form of epilepsy. For us as a family, every day became crisis [...]
Government dragging its feet on audit reform, says business committee July 14, 2020 The business, energy and industrial strategy (BEIS) committee has accused the government of dragging its feet on proposed audit reforms. The government has today published its response to the committee’s inquiry into the collapse of Thomas Cook last year. In the original findings from the inquiry last October, the committee expressed disappointment that the government [...]
The City View: Miles Roberts on the packaging business July 13, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In today’s episode – the first recorded from City AM’s offices – Andy is joined by Miles Roberts, CEO of FTSE-100 packaging firm DS Smith. Miles and Andy discuss the impact of lockdown on packaging, what innovation looks like when it comes to cardboard, and post-Brexit goods regimes. They [...]
