Premier League set for its lowest January transfer window spend since 2012, barring unexpected deadline day splurge February 1, 2021 The Premier League is heading for its lowest January spend since 2012, barring an unexpected transfer deadline day flurry of activity. Heading into the final hours of the transfer window, English top-flight clubs had forked out around £78m. Unless they spend more than £40m before tonight’s 11pm deadline, it will represent their lowest outlay for [...]
Elon Musk in the Clubhouse, not the Dogehouse! February 1, 2021 Crypto at a Glance If you caught last week’s episode of ‘The Markets do the Funniest Things’, you’ll undoubtedly have been on the edge of your seat waiting to see how it all turns out this week. But let’s start with a quick recap. Friday’s cliffhanger saw GameStop back up and running on Robinhood and [...]
UK PMIs: Manufacturing activity slows in January as export orders shrink February 1, 2021 Manufacturing growth slowed its lowest rate in three months in January as Covid-19 and Brexit weighed upon export orders. The IHS Markit/CIPS Purchasing Managers’ Index fell to 54.1 last month, down from 57.5 in December. Any reading above 50 designates growth. However, the score was higher than analyst estimates of a score of 52.9. The [...]
The changing face of markets February 1, 2021 I see myself as a ‘global’ citizen that, through my work over the last 20+ years, has developed a deep experience of capital markets and exchanges. At the beginning of this century I was part of the creation of Euronext that resulted a few years later in leading its European cash market from Paris before [...]
Cost of lost schooling could amount to £350bn in lost earnings February 1, 2021 The Prime Minister this week set out plans to keep children home for even longer and the cost of lost schooling is set to reach hundreds of billions in the long run. Research from the IFS has shown that early evidence is already suggesting that the loss of learning is contributing to educational progress and [...]
Private equity deal activity bounces back in second half of 2020 February 1, 2021 Private equity activity in the UK bounced back in the second half of 2020, but the spring’s lockdown meant that the total number of deals fell to the lowest level in seven years. According to Big Four auditor KPMG, 889 deals were completed last year, with a total value of £87.2m. The figure is the [...]
Von der Leyen under pressure to resign as EU Commission President over vaccine debacle January 31, 2021 European Commission President Ursula von der Leyen is reportedly under pressure to resign her post, after a disastrous and shortlived decision to block vaccines traveling to the UK. The call to block vaccines entering the UK, after a dispute with drugmaker AstraZeneca over supplies of its vaccines, would have breached the Belfast Good Friday peace [...]
Number of British pensioners living in the EU drops after Brexit deal January 30, 2021 Pensioners are leaving the popular European hotspots of Spain and Cyprus following the Brexit deal. The number of UK pensioners living in the EU fell to 463,774 in the last year, down from 474,721 in the aftermath of the Brexit referendum in 2016, according to research by financial adviser Salisbury House Wealth. Popular destinations among [...]
EU rows back on Irish border vaccine controls January 30, 2021 The European Union amended its controversial measures seeking to limit exports to Northern Ireland on Friday evening. The bloc had moved to restrict exports of vaccines into Northern Ireland by overriding parts of the Brexit deal, sparking widespread anger from politicians in Belfast, after an escalation in the vaccine row. Northern Ireland First Minister Arlene Foster described the move [...]
Tunnel vision? Why the approved Thames crossing at Silvertown could be in doubt January 30, 2021 London's new road tunnel at Silvertown was years in the making and given the go-ahead by Sadiq Khan in 2019, but ever since then opposition to the eastern crossing has grown.