FTSE 100 and European stocks drop as Wall Street rally fizzles out June 9, 2020 The FTSE 100 sank into the red on Tuesday as Prime Minister Boris Johnson prepared to outline further measures to ease the Covid-19 lockdown. The blue-chip index was expected to make gains after the UK reported its lowest tally of coronavirus deaths since lockdown began yesterday, with London reporting no new Covid deaths, but had [...]
Steel firm Celsa closes in on £30m loan June 9, 2020 A Cardiff-based steelmaker is nearing a deal with the government for a loan of £30m to bolster its finances amid the ongoing coronavirus crisis, Sky News reported. If an agreement is reached, Spanish-owned Celsa Steel UK will be one of the first firms to agree a bespoke funding deal outside the government’s official schemes. Although [...]
The US firm using data to get corporates back to work June 9, 2020 Nobody is quite sure when Britain might go ‘back to work’ – but it’s clear that companies are going to have to play a bigger role than they might ever anticipated in ensuring that their offices are pandemic-proofed. One American firm, Everbridge, is trying to get a jump on the market with a new product [...]
Crypto AM Shines its Spotlight on Appold June 9, 2020 Appold is an Emerging Technology Advisory and Investment company. The company is set up to act as the primary point of contact in the emerging technology industry. By doing so, Appold can facilitate and bridge the gap between institutions and the emerging technology itself as both advisor and investor.The company focuses on three primary client [...]
Artificial intelligence meets blockchain June 9, 2020 Blockchain Depends on its Community. A strong link is forming between the two most powerful emerging technologies of the decade. On one side is AI, the data-hungry machine that is replacing humans at breakneck speed. On the other is Blockchain’s trustless systems – not where trust doesn’t exist, but where trust isn’t a variable; it’s [...]
Q&A: Why do markets rise even when the outlook is bleak? June 9, 2020 The global economy is on track for its worst recession in nearly 100 years, yet April was the market’s best monthly performance in three decades and the S&P 500 has just turned positive for 2020. Why? The first quarter of 2020 has been tough for the global economy in the midst of the coronavirus pandemic. [...]
M&C Saatchi rebuffs board attempt by tech entrepreneur June 8, 2020 A request to join the board of M&C Saatchi by tech entrepreneur Vin Murria was denied this week, after the businesswoman amassed a large stake in the ad agency. Murria has built a stake of more than 13 per cent in M&C, following accounting problems at the firm which has led to an 80 per [...]
Markets live: FTSE 100 falters after last week’s rally as US stocks inch up June 8, 2020 The FTSE 100 faltered today after a strong rally last week, coming down from highs despite more countries moving to ease lockdown measures. The blue chip index dropped as much as 0.75 per cent following the open. The FTSE 100 later pared back losses to close down 0.085 per cent lower at 6,478. Meanwhile, US [...]
Two more Easyjet board members to step down this year June 8, 2020 Two members of the Easyjet board will step down this year, it was announced this morning, just a few weeks after finance chief Andrew Findlay also turned in his resignation. Deputy chairman Charles Gurassa and finance committee chair Andy Martin will quit the board in line with corporate governance best practice, having each served for [...]
Quarantine will hit the City’s vital connections June 8, 2020 Starting today, people coming into the UK from overseas by plane, train or ferry are being told they must self-isolate for 14 days – or risk a fine of up to £1,000 or prosecution. The Government’s new quarantine policy, which was set out by the Home Secretary last week, has raised a number of concerns [...]