Sales at Pets at Home pass £1.4bn as Brits pick up furry companions May 27, 2021 Revenue at Pets at Home jumped nearly eight per cent in the last year, as coronavirus-led lockdowns persuaded more households to get a pet. Revenue at the pet care retailer jumped 7.9 per cent to £1.14bn in the group’s 2021 financial year. Retail revenue reached £1bn for the first time despite Covid-19 restrictions, and revenue [...]
7 weird and wonderful applications of artificial intelligence May 26, 2021 The Rewired investment fund focuses on enabling the technologies of the AI revolution by investing across five verticals including machine learning, robotics, bionics, sensors, mapping and localisation. Backed by technology investors including Tej Kohli, we believe that AI has the potential to positively impact every segment of economic activity and to improve every aspect of human life. Here [...]
FTSE 100 slides despite strong earnings but Wall Street picks up May 26, 2021 The FTSE 100 slipped today despite a strong set of corporate earnings on a slow day for Europe’s markets. Across the Atlantic, however, Wall Street showed signs of gains after another positive start for tech stocks. London’s blue-chip index fell 0.1 per cent over the course of the day, a second straight session of losses [...]
Federal Reserve strikes dovish tone to calm inflation fears May 26, 2021 The Federal Reserve last night reaffirmed its dovish approach to monetary policy, reassuring investors concerned about rising inflation. Fed vice chair Richard Clarida said the US central bank would be able to curb an outbreak of inflation and ensure a “soft landing” without hampering the country’s economic recovery. Fears have been mounting among investors about [...]
How will Bitcoin recover from this latest correction? May 25, 2021 As debate rages on about how Bitcoin will recover from a recent crash, Dr Chris Kacher examines the metrics.
Wall Street edges higher as FTSE 100 falls flat despite recovery hopes May 21, 2021 Wall Street opened higher this afternoon as investors turned their attention to key business surveys at the end of a volatile week of trading. The Dow Jones rose 0.11 per cent on open and the S&P 500 gained 0.23 per cent, while the tech-heavy Nasdaq pushed 0.59 per cent higher. It came after the London’s [...]
Sunday Times Rich List: Marcus Rashford tops the UK’s biggest givers May 21, 2021 Manchester United football player Marcus Rashford has become the youngest person to top The Sunday Times Giving List this year, which measures philanthropy among the ultra-wealthy. The list highlighted today that the UK saw more new billionaire’s during the pandemic than any other time over the list’s 33-year history. However, this year also saw a record amount of donations, exceeding £4bn [...]
FTSE 100: Early gains fade as mining stocks drag down index May 20, 2021 London’s FTSE 100 fell 0.3 per cent this morning as declining mining stocks cut out early banking gains. The blue-chip index had advanced 0.4 per cent in early trading, with home retailer Kingfisher adding 3.6 per cent after raising its first half profit outlook. But those gains were dragged down by mining stocks including Fresnillo, [...]
Wild Wednesday: Crypto in full blown meltdown as inflation concerns roil global markets May 19, 2021 Crypto currencies have gone into full blown meltdown with Ethereum falling 40 per cent at one point today, while Bitcoin prices have slumped below $40k as the sell-off gains further traction, after Chinese regulators took steps to discourage the use of crypto. The Peoples Bank of China said earlier today that cryptocurrencies should not be used or accepted [...]
Wall Street and FTSE 100 drop as inflation worries mount May 19, 2021 Wall Street opened lower this afternoon as rising inflation sparked fears of scaled back support ahead of a key meeting of the US Federal Reserve. The Dow Jones dropped 0.3 per cent and the S&P 500 was down 0.7 per cent, while the tech-heavy Nasdaq dropped 1.7 per cent. It followed losses for the FTSE [...]