Wall Street dragged down by sinking Amazon shares July 30, 2021 US stocks fell sharply on Friday morning driven by shares in Amazon sinking after the EU slapped the firm with a record fine. The blue-chip S&P 500 dropped 0.51 per cent, while the Dow Jones and the Nasdaq 0.36 per cent and 0.66 per cent respectively. Shares in Amazon sunk as much as 7.1 per [...]
Pound on track for best week since December July 30, 2021 Pound sterling hovered near a one-month high against the dollar on Friday and was set to register its strongest week since December 2020. The reopening of the UK economy has fuelled consumer spending, while a drop in Covid cases over the last week has improved investor sentiment. Read more: Euro 2020 pushes retail sales above [...]
Eurozone economic growth outstrips forecasts July 30, 2021 The Eurozone economy is recovering much faster from the Covid crisis than experts’ forecasts as the vaccine rollout and the reopening of the services industry boosts consumer spending, shows new figures published today. The Eurozone economy grew two per cent in the second quarter of this year compared to the same period last year, according [...]
More IPO leaders called Steve than female led ones July 30, 2021 Female founded IPOs have accounted for 3.6 per cent of all IPOs since 2016, according to new research. The data, which reviewed the last five years of IPO activity, showed that out of the 276 companies that went public on the London Stock Exchange between 2016 and 2020 – just ten were led by a female CEO or founder. [...]
Q&A: How global cities could benefit from green dividends July 30, 2021 | City Talk One of the biggest challenges facing the real estate sector is how to cut its greenhouse gas (GHG) emissions and become more sustainable and energy efficient. The sector has one of the highest carbon footprints of any sector. It currently accounts for 30% of global annual GHG emissions and consumes around 40% of the world’s [...]
Budget delay hinted at as Rishi Sunak fails to name day July 30, 2021 Chancellor Rishi Sunak has sparked speculation of delays to the budget, after failing to announce a date when publishing new forecasts, as is normally expected. Sunak said he had instructed the Office for Budget Responsibility (OBR) to prepare to present an economic and fiscal forecast to parliament on October 27, according to reports. The forecast [...]
US stocks climb to record high on positive economic growth July 29, 2021 Wall Street climbed to record highs on Thursday as investors piled into stocks after new figures revealed the US economy is recovering quickly from the Covid crisis. The S&P 500 hit record levels in opening trading, but scaled back to rise 0.53 per cent to 4,424 during the morning session. Likewise, the Dow Jones and [...]
‘Open economy’ backers Fabric Ventures announces $130m fund July 29, 2021 A venture manager that backs ‘open economy’ founders, has today announced a new 2021 fund worth $130m (£93m) – the biggest of its type in Europe. The fund is backed by $30m from the European Investment Fund (EIF) and its partners include Niklas Zennstrom’s venture firm Atomico, Mike Novogratz’s Galaxy Digital, DCG and the founders [...]
US economic growth falls short of expectations July 29, 2021 The US economy is rebounding sharply from the damage inflicted on it by the Covid crisis, but output growth is falling well below analysts’ expectations, new figures released today reveal. The Commerce Department estimated the US economy grew at an annualised rate of 6.5 per cent in the second quarter of this year, driven by [...]
Number of workers on furlough reaches pandemic-low as nearly 600k exit scheme July 29, 2021 The number of people on furlough has reached the lowest level since the scheme was launched in response to the Covid crisis in March last year after nearly 600k workers exited the scheme, new figures released today show. 1.9m people were on furlough at the end of June, down from 2.4m in May, driven by [...]