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 [...]
Silicon Valley forced to become copycats as TikTok set to triple ad revenue to £8.4bn April 11, 2022 Chinese powerhouse TikTok is on track to dwarf its US rivals this year, with advertising revenue set to triple to more than $11bn (£8.4bn)
The City View: Sluggish UK economic growth, and Heathrow flying high April 11, 2022 Today Andy Silvester talks to City A.M.’s Economics and Markets reporter Jack Barnett. They go through lacklustre UK economic growth figures and why the cost-of-living crisis will hinder said growth; the latest inflation figures; the global economic recovery; and economic uncertainty to come. Andy also goes through the news: Heathrow has marked its highest number [...]
As we loosen Russia’s grip on energy, we mustn’t hand the reins to Beijing April 7, 2022 As the much delayed energy strategy is set to come out today, one thing is clear: the rhetoric has been centered around the need to phase out Russian oil and gas, and increase British self-reliance. Reaching both of these aims won’t be possible in the short-run, as an energy revolution of such Herculean proportions takes [...]
Fast fashion retailer Shein hits $100bn valuation with fresh funding round April 6, 2022 Fast-fashion giant Shein has hit a $100bn valuation this week after a fresh funding round, making it the third most valuable startup in the world after Elon Musk’s SpaceX and ByteDance.
Ukraine war is dramatically dialling up risk of global recession April 5, 2022 The war in Ukraine has dramatically dialled up the risk of a global recession, according to leading economist. The conflict has thrown a ‘massive monkey wrench’ into what was a gradually improving post-pandemic picture, Ira Kalish, chief global economist at Deloitte told delegates at the World Retail Congress in Rome. And it could have damaging, [...]
1 Minute Market Rundown – 4th April 2022 April 4, 2022 Russia – UkraineETH and SOL outperformingFed mind in focusS&P tops out March proved to be another strong month for employment data with the headline number inline and unemployment ticking lower. The tight labour market has reaffirmed the hawks’ calls for a 50bps hike in May by the FED. Of the remaining 6 meetings for the [...]
FCA and Bank of England launch review into nickel trading suspension by LME April 4, 2022 The LME is under pressure from UK regulators, announcing a review into its suspension of nickel trading last month.