Tech companies ramp up hiring as London moves past lockdown September 8, 2020 Tech companies in the UK’s capital have accelerated their hiring plans over the summer as businesses get ready to go back to work, with digital roles jumping by more than a third. Advertising for vacancies in the digital tech sector rose 36 per cent in the last two months, according to data collated by Tech [...]
The City View: Andy Haldane, Bank of England chief economist, on the risk of contagious pessimism and the prospects for economic recovery September 7, 2020 In this extended episode of the City View, Christian talks to Bank of England chief economist and Monetary Policy Committee member Andy Haldane, about the economic lessons learnt from the past five months and the prospects for our economy recovery. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Haldane strikes an upbeat tone and warns against letting pessimism [...]
Italy launches probes into Apple, Google and Dropbox’s cloud storage services September 7, 2020 Italy’s competition regulator has today launched six investigations into the cloud storage services of Apple, Google and Dropbox, over concerns of misuse of data. The country’s Competition and Markets Authority said it had received several complaints about allegedly unfair commercial practices by Apple’s iCloud, Google Drive and Dropbox. The authority said in a statement that [...]
Visa falls under scrutiny in Europe over fintech rules September 7, 2020 Visa is at the centre of a probe by the European Commission over its digital payments rules for fintech firms, following allegations of anti-competitive behaviour. The payments giant said in its most recent quarterly filing that the EU’s executive arm had opened a preliminary investigation into its rules at the end of June, asking Visa [...]
Adobe rival Figma sets up international base in London September 7, 2020 Silicon Valley software starlet Figma has selected London as the site of its new international headquarters, opting to go ahead with the move despite the increase in remote working. London will be Figma’s new base for the Europe, Middle East and Africa (EMEA) region, currently playing host to a staff of 14 working from home. [...]
The City View: Rational markets and innovative central banks? An investor’s guide to the crisis, with Phil Smeaton September 7, 2020 In this episode Christian talks to Phil Smeaton, chief investment officer for Sanlam Private Wealth, about how markets have behaved in recent months and the forces that could shape them over the rest of this year. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Phil discusses the fall in the value of the US dollar; the US [...]
FTSE 100 rises but Wall Street falls again on job data September 4, 2020 The FTSE 100 reversed yesterday’s losses, closing in on the 5,900 point level this morning despite last night’s ferocious sell-off of US tech stocks dragging markets down overnight. By the early afternoon London’s premier index was 0.7 per cent up at 5,888.96. The FTSE 250 index of mid caps also rose 0.2 per cent. However, [...]
The City View: Rachel Cunliffe on post-Covid politics September 4, 2020 Today Andy Silvester is joined by City A.M.’s very own Rachel Cunliffe as they take a whirlwind tour around post(ish)-Covid politics. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS They start in Scotland where the SNP are doing their best to move the conversation on from their handling of the pandemic to another independence debate, whereas in [...]
FTSE 100 rally cools as Wall Street slips from overnight highs September 3, 2020 The FTSE 100’s rally slowed this afternoon, with London’s premier index trading 0.3 per cent up at 5,957.69 points as of the early afternoon. Optimism that the economy could be in line for further stimulus measures kept the market in the black even as Wall Street slipped from last night’s record highs. The FTSE 250 [...]
Harry and Meghan sign content deal with streaming giant Netflix September 3, 2020 Prince Harry and wife Meghan have inked an exclusive multi-year production deal with Netflix, a major step in their plan to earn income after leaving their role as working royals. The couple will produce films and series ranging from children’s shows to scripted content, the streaming platform said last night. Harry and Meghan moved stateside with their [...]