Crypto AM shines its Spotlight on INX October 28, 2020 Trailblazers In Unchartered Territory: INX, The First SEC-Registered Token IPO INX Limited is enabling the future of finance by creating a new asset class; with higher flexibility and innovative functionality for asset listings, trading and governance. We are witnessing change across all industries in this post-pandemic world, and capital markets are no exception. Security tokens [...]
Snakes and Ladders: Who is moving jobs in the City this week? October 28, 2020 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. City firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This [...]
Institutions don’t share retail investors’ optimism on returns October 28, 2020 Schroders’ studies suggest retail – or individual – investors are more optimistic about future returns than investors at large institutions. Individuals have indicated that they expect average annual returns of nearly 11% over the next five years while institutional investors anticipate a more moderate 6%. Schroders’ Institutional Investor Study is an analysis of views from [...]
Next hikes profit forecast after stronger than expected sales October 28, 2020 Next has hiked its profit forecast for the year after sales in the third quarter were stronger than expected. The high street retailer said full-year profit before tax is now expected to be £365m, £65m higher than the forecast given in September. Full price sales in the three months ended 24 October increased 2.8 per [...]
Woolworths may not be making a return, but our love of retail is October 28, 2020 Admit it, you did it, I did it, we all did it at least once — pinching from the pick n mix at your local Woolworths. And sadly, all that came to an end in December 2008, when all remaining Woolworths stores were shuttered for good. As a nation we mourned. We mourned the loss [...]
Tiktok moves into ecommerce with Shopify advertising deal October 27, 2020 Tiktok has made its first major move into social ecommerce after signing a deal with Shopify to allow brands to sell their wares through the viral video app. The tie-up means Shopify merchants will be able to run video ads on the platform, allowing Tiktok users to click through and purchase a product. The feature [...]
FTSE 100 falls and US stocks mixed as coronavirus cases rise October 27, 2020 The FTSE 100 fell in afternoon trading after a choppy morning session, while US stocks were mixed amid rising coronavirus cases and some worrying economic data. London’s main stock index was last down 0.8 per cent at 5,745 points, having also fallen yesterday. Read more:HSBC to overhaul business model and accelerate plan to slash costs [...]
Retail sales fall sharply as new restrictions dampen economic recovery October 27, 2020 Retail sales fell sharply this month as new coronavirus restrictions dampened the UK’s economic recovery, according to the latest research. In the year to October retail sales dropped to a balance of minus 23 per cent, from growth of 11 per cent last month, according to the CBI distributive trades survey. Retail sales have been [...]
Clarks kicks off restructuring talks with landlords October 26, 2020 High street footwear retailer Clarks has begun negotiations with landlords over store closures and rental agreements as it prepares to launch a restructuring plan. Clarks and its advisors will meet with retail property owners this week to discuss a company voluntary arrangement, which would allow the retailer to move to a “turnover rent” model linked [...]
Customer generation platform MVF buys Appwiki amid online sales surge October 26, 2020 Digital customer generation platform MVF has bought Dutch software comparison site Appwiki amid a surge in the number of firms attempting to boost their online capabilities due to the coronavirus crisis. The acquisition, which will allow MVF to use Appwiki’s comparison technology, comes as demand for digital consumer generation has soared due to the acceleration [...]