The case for investing in financials January 7, 2021 Entire tomes have been devoted to investing in the financial services sector – hardly surprising when you consider its size, and therefore its significance to the world’s capital markets. To say the financial sector is large doesn’t do it justice. Of the total market capitalisation of the S&P 500, the world’s largest stock market index, [...]
MPs urge Rishi Sunak to save music festivals amid threat of collapse January 7, 2021 MPs have urged chancellor Rishi Sunak to roll out emergency support for music festivals this summer, warning many events are at risk of permanent collapse. In a letter today the Department of Digital, Culture, Media and Sport (DCMS) committee asked the chancellor to launch a government-backed insurance scheme to ensure festivals and live music events [...]
Snakes and Ladders: Who is moving jobs in the City this week? January 6, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Aberdeen Asset Management co-founder joins investment consultancy board Former Aberdeen Asset Management chief executive and co-founder Martin Gilbert has been appointed as deputy chairman of investment consultancy firm River and Mercantile Group. [...]
Startup Spotlight: The top 50 London tech firms to work for January 2, 2021 From insurtech to fitness and everything in between, recruitment platform Tempo has compiled a list of the best London-based startups to work for. Companies in its “Super Startups” list have been based on the company’s mission, employee reviews and career pages. To be considered for the list the startups must have been launched after 2014, [...]
Uswitch owner RVU picks up Confused.com in effort to broaden reach December 29, 2020 London-based RVU, owner of comparison site Uswitch and financial planning outfit Money.co.uk, has announced a deal to buy Confused.com from Admiral Insurance. RVU will pick up Confused.com as well as the market leaders in insurance comparison in both Spain and France. Read more: Tech jobs boom as UK moves towards light at the end of [...]
UK tech jobs bounce back as investment hits record high December 29, 2020 UK tech job vacancies have bounced back strongly as Britain’s booming tech sector shrugged off the Covid-19 pandemic to attract record levels of investment. While job vacancies in the industry dropped sharply at the height of the crisis in July, they have since climbed 50 per cent and are now accumulating at a rate of [...]
Brits warned of Brexit disruption despite trade deal December 28, 2020 Brits will face “some disruption” when the UK leaves the EU this week despite a last-minute trade deal, the government has warned. Cabinet Office minister Michael Gove said businesses and citizens must prepare for “practical and procedural changes”, warning that time to adapt to the new rules was very tight. Gove hailed the UK’s post-Brexit [...]
BoE’s Chief Wonk: Inflation spike could undermine recovery December 23, 2020 The Bank of England’s Chief Economist Andy Haldane has said that a “laser focus” is needed on inflation amid unprecedented public debt and fiscal stimulus. Haldane fears that markets would only forgive a brief period in which inflation tops the Bank’s 2 per cent target, with any entrenchment seeing yields rise and increasing the cost [...]
Control or catastrophe? Farage, fortune, freedom and a £199 subscription December 22, 2020 For the small price of £199 a year, promises Nigel Farage, you can “take back control” of your finances. Gold, real estate trusts, even a crypto revolution – all are tickets to an independent financial future, all stamped with the Brexit Party founder’s seal of approval. Or, at least, that’s the idea. But the jury [...]
Why now is the time to stand up for British farming December 22, 2020 The farming sector has been challenged. Huge surges in demand at the peak of the pandemic for products such as minced beef (to account for the rise in batch cooking) have been matched by extremely low demand for more premium cuts usually reserved by restaurants, impacting the value farmers received for their livestock. Read more: [...]