The City View: Moneypenny CEO on why it’s time to come out of hiding and find some confidence August 24, 2020 In this episode Christian talks to Joanna Swash, chief executive of the customer services and office support provider Moneypenny, which has 20,000 corporate clients in the UK and US. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Joanna talks about the impact of the early stages of lockdown on her company and explains how she transitioned 1,000 [...]
Wall Street ticks up as FTSE 100 sinks into red amid Covid-19 case worries August 21, 2020 Wall Street crept marginally higher this afternoon and the FTSE 100 dropped again as investors weighed up the global economic recovery and pockets of rising coronavirus cases. London’s blue-chip index closed down almost 0.19 per cent at 6,001 points, while the FTSE 250 climbed 0.24 per cent. US markets opened in the red before reversing [...]
The City View: Rachel Cunliffe on the government’s competence problem August 21, 2020 In this episode Christian is joined by City A.M.‘s comment editor, Rachel Cunliffe, who expands on her forthright column from earlier in the week, criticising the education secretary Gavin Williamson. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Rachel talks about the failure of leadership and accountability surrounding the A-level marking fiasco, [...]
FTSE 100 and US stocks slide amid fears over global economy August 20, 2020 The FTSE 100 and US stocks fell after the US Federal Reserve gave a pessimistic view of the economy and the number of Americans claiming new jobless benefits unexpectedly rose. Investors are also concerned about rising coronavirus cases. France reported its biggest increase in cases since May and Spain is struggling to deal with its [...]
Alibaba gets lockdown revenue boost as US threat looms August 20, 2020 Alibaba today posted better-than-expected revenue and profit in its latest quarter as the coronavirus lockdown boosted trading in its core ecommerce business. The Chinese conglomerate booked revenue of 135.8bn yuan (£14.9bn) in the three months to the end of June, up 34 per cent on the same period last year. Net income also jumped from [...]
New US jobless claims back above 1m after surprise jump August 20, 2020 The number of Americans making new jobless claims jumped unexpectedly back above the 1m mark last week, in a worrying sign for the US economy. The total claims of 1.11m in the week ending 8 August were 135,000 higher than the previous week’s total of 971,000, the Department of Labor said. And the figure was [...]
The City View: Xavier Rees of Havas London on the value of creative ideas in the office August 20, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by Havas London CEO Xavier Rees. The ad land boss offers his thoughts on the return to work, the value of creative ideas in the office, and why he’s changed the company’s articles of association to become a “B Corp”. Andy also looks at [...]
US stocks open higher as Wall Street eyes more records August 19, 2020 Wall Street opened higher on Wednesday and looks to be heading for another day of new all-time records. The S&P 500 closed at an all-time high yesterday after recovering all of the losses suffered during the coronavirus crash and was up once again on Wednesday morning by a further 0.28 per cent to 3,399 points. [...]
Apple becomes first US company to reach $2 trillion valuation August 19, 2020 Apple has become Wall Street’s first $2 trillion company, doubling its valuation in just over two years. As shares hit $457.77 in morning trading, the tech giant became the first Wall Street company to achieve the $2 trillion market cap in public markets. It is the second in the world to do so. The day [...]
Spotify crashes for users around the world August 19, 2020 Thousands of Spotify users were left unable to play music for more than an hour this afternoon after the service experienced technical difficulties. It appeared to affect customers around the globe, with the majority reported in Europe. According to outage tracker site DownDetector the issues started at around 1pm, with 92 per cent of the [...]