The City View: Musk on cusp of Twitter buy, and global markets down April 25, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. They go through the global market dip and why China’s zero-Covid lockdowns are concerning investors; bank earnings for Q1; and new ONS data showing that 9 in 10 households have recorded an uptick in their cost of living. And in the news, [...]
Surging inflation and escalating lockdowns in China hit oil prices April 25, 2022 Oil prices have plummeted a further five percent, to their lowest levels in almost two weeks, compounding last week's heavy declines.
Bank of America bets on Singapore as Hong Kong curbs lead to ‘brain drain’ April 21, 2022 Bank of America is reportedly shifting some of its dealmakers from Hong Kong to Singapore, as Beijing’s touch stance of Covid-19 muddies the water in the financial hub. Dominic Tan, co-head of Asia consumer and retail investment banking, and Anastasios Pefanis, who head’s the equity capital markets syndicate in the Chinese city, are among top [...]
Ed Warner: The higher the price for Chelsea, the sooner their new owners will feel the strain April 21, 2022 Unless the media have been blindsided by a canny investment bank, it seems that there are no sovereign wealth funds or squillionaires left in the running to buy Chelsea. No Musk, Bezos, Chinese tech magnate or gas-rich autocracy. The three remaining bidders, as reported, are all consortia. Let the game theory commence. The selling bank, [...]
Missguided: CEO steps down as fashion firm hires Teneo advisors April 20, 2022 Online fashion retailer Missguided has said its founder will step down as CEO as it mulls options for its future. Nitin Passi has chosen to step aside as head of the company as the fashion firm has recruited advisors from Teneo to probe “strategic options” for its future. According to RetailWeek, Missguided is searching for [...]
The City View: Michael Hewson on Germany’s Russian energy oversights and Merkel’s legacy April 19, 2022 Today Andy Silvester talks to Michael Hewson, Chief Markets Analyst at CMC Markets. They go through the latest IMF forecasts, which included downgrades and the worst growth forecast in the G7 for the UK; Germany’s exposure to energy price fluctuations, the mounting pressure to reduce its dependency on Russian oil and gas, and Angela Merkel’s [...]
Chinese economy to spiral south amid battle with Covid-19 April 19, 2022 China’s economic growth is forecast to slow, according to top analysts, as the country continues its battle with Covid-19. The country’s GDP growth for the first quarter of this year was “moderate”, economists at ING have said, “but more pain will come” in the months ahead. More Chinese cities are facing tighter controls, it was [...]
Made in Britain: As Brexit and Covid dismantle supply chains, boom in ‘reshoring’ leads to renaissance in UK manufacturing April 18, 2022 sAs the government admitted last week that there are ‘significant challenges’ to UK stock levels because of Brexit and Covid, is reshoring then perhaps the answer? Last week’s government report, from the Office for National Statistics (ONS), revealed the full extent of tumbling stock levels and broken global supply chains in the wake of Brexit and [...]
OPEC and EU tensions drive oil prices as China eases pandemic restrictions April 12, 2022 Oil prices rebounded nearly five per cent across both major benchmarks amid growing tensions OPEC and EU tensions.
A good time to re-assess the value of ESG investing April 11, 2022 No City earnings call, annual report, or even chief executive interview is now complete without a mention of what a firm is doing to meet its ‘ESG goals.’ At times this has bordered on the ludicrous: Terry Smith, the legendary investor, found a warm audience to his critique of Unilever attempting to define the purpose [...]