Federal Reserve launches corporate debt purchases to tackle coronavirus fallout March 17, 2020 The US Federal Reserve has continued its dramatic intervention in the markets with a pledge to buy short-term corporate debt to help ease the strain on companies amid the coronavirus outbreak. The Fed will relaunch the financial crisis-era system and buy up so-called commercial paper directly from firms that issue it. Companies use commercial paper [...]
DEBATE: Is now a good time to invest in gold? March 17, 2020 Is now a good time to invest in gold? Monica Tepes, investment companies research director at finnCap, says YES. Now is a good time to buy gold if you believe that we are in the early stages of an economic crisis or in a prolonged period of low economic growth. In a risk-off environment and [...]
City Moves for 17 March — Who’s switching jobs at Docusign DMH Stallard and Moneycorp? March 17, 2020 Docusign Agreement cloud company Docusign has announced the appointment of Rob Giglio as its new chief marketing operator (CMO). Rob previously spent 10 years with Adobe, where he helped architect the growth strategy for Adobe’s self-service cloud business and oversaw significant international expansion in his role as senior vice president of sale. As CMO, Rob [...]
Pub industry warns Boris Johnson that lockdown measures put ‘hundreds and thousands of jobs’ at risk March 16, 2020 The UK pub industry has tonight written to Prime Minister Boris Johnson warning him that the government’s guidance that members of the public should avoid going to bars and pubs presents the sector with an “existential crisis”. In a letter from British Beer and Pub Association chief executive Emma McClarkin, the industry warned that “thousands [...]
Lockheed Martin boss Hewson to step down March 16, 2020 The boss of Lockheed Martin, the world’s largest defence contractor, will leave the company Marillyn Hewson, who has led the company since 2013, announced the decision on LinkedIn. Lockheed Martin shares are down six per cent today to $303 Lockheed Martin manufacturers a full range of equipment for the US military and its allies, including [...]
Travelex owner Finablr in danger of collapse as shares suspended March 16, 2020 Payments company Finablr has warned it is in danger of collapsing as trading in its shares was frozen by the Financial Conduct Authority (FCA). In a dramatic update to the stock exchange this morning, the Travelex owner said it had found around $100m (£81m) of undisclosed financing, which meant it no longer had any certainty [...]
Our ability to overcome should never be in doubt March 16, 2020 We are being told to prepare for significant changes to our way of life. Within weeks, perhaps sooner, the government will require anyone over the age of 70 to stay in their homes. The health secretary, Matt Hancock, says that when the order comes it will last “for a very long time”, while Public Health [...]
You’re not the boss of me: Dissecting the aggressive trademark tactics of Hugo Boss March 16, 2020 One of the most critical assets of every company is its brand. In fact, it is so important that the brand value of a company can be greater than its stock market valuation. Since the late nineties, an increasing number of successful companies have been “brand-led” — the concept that the character of the company [...]
Andrew Bailey takes over with Bank of England battling coronavirus recession March 16, 2020 Andrew Bailey is no stranger to a tough job. But the incoming Bank of England governor, who takes up his new role as Mark Carney steps down tomorrow, could never have anticipated the size of the challenge that awaits him at Threadneedle Street. Bailey’s time at the Financial Conduct Authority began in the wake of [...]
UK litigation funders boost assets to £1.9bn March 16, 2020 UK litigation funders increased assets to £1.9bn in 2019, an increase of 46 per cent on the previous year. Analysis of the balance sheets of the UK’s top 15 litigation funders by law firm RPC found a jump in asset value from £1.3bn in 2017-18 to £1.9bn last year. Assets held by litigation funders have [...]