Eurozone construction activity continues rebound from Covid lows July 6, 2021 Eurozone construction activity continues to march on from its Covid lows, according to a closely watched business survey released today. The IHS Markit Eurozone Construction Total Activity Index was unchanged over the last month, reaching 50.3 in June, indicating a marginal expansion in construction activity. This was the fourth consecutive month that construction firms in [...]
Hospitality chiefs celebrate 19 July announcement but warn of long road to recovery July 5, 2021 The hospitality industry welcomed Boris Johnson’s lockdown easing announcement this evening with open arms, but still fears the hangover from Covid-19 restrictions will damage trade. Business owners in the industry have hailed the government decision to lift compulsory restrictions on so-called “Freedom Day”, meaning pubs, bars and restaurants will be able to operate at full [...]
UK Snapchat boss: Social mobility in tech is not just about diverse hiring, we have to change the culture in workplaces July 5, 2021 My first job out of university was at one of the big investment banks in London. My family and friends were incredibly proud – we were from working class backgrounds in Birmingham and a role like that was the stuff of dreams. But after just three weeks, I knew it was not for me and [...]
UK services sector continues recovery amid mounting inflation fears July 5, 2021 The UK services sector continues to rebound from the pandemic, but fears about inflation are gathering pace, show new figures published today. The latest IHS Markit/CIPS UK Services PMI reached 62.4 in June, down slightly from 62.9 in May, but still the second-highest reading since October 2013. A reading above 50 indicates an expansion in [...]
PMI: Eurozone business activity grows at fastest pace for 15 years July 5, 2021 Business activity in the Eurozone expanded at its fastest rate for 15 years in June, driven by strong performances by the manufacturing and service sectors. The latest IHS Markit Composite Output Index for the Eurozone rose to 59.5 in June, up from 57.1 in May. The reading was the highest since June 2006 and marked [...]
UK management consultancy industry smashes forecasts with £12bn revenue July 5, 2021 The UK’s management consultancy industry has grown at double the rate expected for this year, with revenue hitting £12bn, according to the industry’s representative body. The report by the Management Consultancies Association (MCA) found exports have doubled, despite working from home orders across the UK. “The global attractiveness of the UK consulting sector, the second biggest in [...]
Forward Partners announces intention to float in London July 5, 2021 Forward Partners, the London-based venture capital firm, announced on Monday morning that it intends to list in London. The firm said it will seek admission of its shares to trade on AIM, the London Stock Exchange’s junior market. The company expects to raise at least £25m from the share sale. The funds raised will be [...]
Covid vaccine producers surge ahead of UK and US equity benchmarks July 5, 2021 Shares in companies producing or working on the production of Covid vaccines surged ahead of the UK and US’s equity benchmarks in the first six months of this year, new figures published today reveal. Analysis by FactSet shows that an equally weighted holding of all 13 vaccine producing companies climbed over 45 per cent during [...]
Transforming private equity with data analytics July 5, 2021 Krekar Kawani CA, Founder of Touchstone Advisory, examines how private equity firms are leveraging game changing advancements in data analytics to their advantage. Data has been an integral part of human culture since the beginning of time. Humans going back as far as 40,000 years have been recorded using sequential markings by etching notches on [...]
US labour market roars back to life as firms hire 850,000 workers in June July 2, 2021 US businesses embarked on a hiring spree in June, with the American economy adding 850,000 jobs, new figures published today reveal. The sharp rise builds on May’s 583,000 increase, triggered by companies seeking to boost output to cope with surging demand. The gains in hiring blew away predictions by experts. Economists polled by Reuters had [...]