Tech stocks lead gains on Wall Street July 23, 2021 US stocks opened up on Friday morning driven by a rally among megacap technology shares. The blue-chip S&P 500 rose 0.54 per cent during the opening session. The Dow Jones increased 0.41 per cent, while the tech-heavy Nasdaq was up 0.4 per cent. Investors piled into tech stocks after a string of strong earnings were [...]
Index Ventures invests $1bn into UK startups and will create 5000 jobs within a year July 23, 2021 Transatlantic venture capital firm Index Ventures has raised $3.1bn in new funds and directly invested $1bn in UK startups to create 5000 British jobs in the next year. Index’s latest cash injection comes just a year after Index raised its last set of $2bn funds. The UK is Index’s single largest destination for investments in Europe, and [...]
US stocks open flat on weak jobless claims July 22, 2021 US stocks opened broadly flat on Thursday morning after fresh data showed the American labour market recovery may be stalling. The blue-chip S&P 500 inched down 0.01 per cent during the open, while the Nasdaq crept up 0.23 per cent. The Dow Jones slipped 0.17 per cent. The lack of movement on the US’ main [...]
‘I told staff to delete the app’: Hospitality reacts to pingdemic crisis July 20, 2021 While the government was hailing the arrival of so-called “freedom day” yesterday, the threat of rising Covid cases and the “pingdemic” forcing staff to self isolate has left the beleaguered hospitality industry with little to celebrate. One restaurateur told City A.M: “Our ability to operate hangs in the balance by some fairly crude geolocation tech”, [...]
US stocks rebound after heavy losses July 20, 2021 US stocks recovered from a battering yesterday during the morning session as investors purchased assets that looked cheap after Monday’s falls. All the US’ main benchmarks rose in the morning. The blue chip S&P 500 was up 1.12 per cent; the tech-heavy Nasdaq increased 0.73 per cent and the Dow Jones added 1.49 per cent. [...]
Global markets plummet as Delta variant fears intensify July 19, 2021 Intensifying fears over the rapid spread of the highly transmissible Delta variant of Covid triggered a sharp sell-off in global markets on Monday. All US benchmarks nursed heavy losses during today’s session. The blue-chip S&P 500 and Dow Jones plummeted 1.9 per cent and 2.4 per cent respectively, while the tech-heavy Nasdaq lost 1.4 per [...]
Companies boosted by Covid rank among the worst market performers July 19, 2021 Companies boosted by the onset of the Covid crisis rank among the worst performers on the market over the last year. Takeaway delivery company Just Eat Takeaway.com has benefitted from a surge in orders since the arrival of the virus as a result of Brits rushing to find substitutes to dining out during lockdowns. However, [...]
Just Eat acquires Slovakian food delivery as global expansion continues July 16, 2021 Just Eat Takeaway has announced it will acquire Bistro.sk, a food delivery company in Slovakia, as it expands its global footprint. The deal, approximately valued at €50m, is expected to close later in the year. The Slovakian business operates in a similar format to Just Eat. Its 400,000 customers choose food, from the 2,000 or [...]
Arcane taxes on junk food is all pain with almost no benefit July 16, 2021 Some people are born lucky. They can eat junk food all day long without putting on any weight. Others develop rolls of fat after a few packets of crisps. The former can live blissfully without these concerns. The latter must struggle every day – either with obesity or self-control and exercise – to stay in [...]
US stocks lose ground despite strong jobless claims July 15, 2021 US stocks fell on Thursday despite strong jobless claims data strengthening the outlook for the American economy. The blue chip S&P 500 dropped 0.65 per cent today, while the tech-heavy Nasdaq fell 1.14 per cent on falls among growth stocks. The Dow Jones slipped 0.17 per cent. Read more: US stocks muted as Powell moves [...]