Graduate job openings rise more than twofold July 20, 2021 This year’s graduates will enter a more buoyant job market with firms stepping up efforts to attract the best young talent as the spectre of Covid recedes, new research published today reveals. Figures from Adzuna show graduate job openings increased more than twofold over the last year, rising to 13,543 in July 2021, up from [...]
Global markets plummet as Delta variant fears intensify July 19, 2021 Intensifying fears over the rapid spread of the highly transmissible Delta variant of Covid triggered a sharp sell-off in global markets on Monday. All US benchmarks nursed heavy losses during today’s session. The blue-chip S&P 500 and Dow Jones plummeted 1.9 per cent and 2.4 per cent respectively, while the tech-heavy Nasdaq lost 1.4 per [...]
Companies boosted by Covid rank among the worst market performers July 19, 2021 Companies boosted by the onset of the Covid crisis rank among the worst performers on the market over the last year. Takeaway delivery company Just Eat Takeaway.com has benefitted from a surge in orders since the arrival of the virus as a result of Brits rushing to find substitutes to dining out during lockdowns. However, [...]
Oil prices plummet after Opec+ end deadlock July 19, 2021 Oil prices plummeted on Monday after Opec+ broke through a deadlock to reach an agreement on oil production. Brent Crude and WTI Crude both fell sharply on the news, down 2.41 per cent at and 2.55 per cent respectively. Opec+ agreed to increase oil production by 400,000 barrels a day on Sunday. As part of [...]
House prices surge 5.7 per cent to reach another record high July 19, 2021 Property prices have reached another record high, highlighting that demand in the housing market is still running hot, new figures released today reveal. The average price of a property coming to market jumped 5.7 per cent annually to £338,447 in July, according to property search site Rightmove. Prices rose 0.7 per cent over the last [...]
Surging inflation to add £10bn to government’s debt burden July 19, 2021 Surging inflation is likely to add £10bn to the government’s debt burden, putting further pressure on the UK’s public finances. Around a quarter of the government’s stock of debt is linked to the retail price index, meaning the Treasury needs to increase interest payments to savers if prices rise. Read more: UK inflation hits 2.5 [...]
Opec+ reach deal to ramp up oil production July 19, 2021 The alliance of oil producing countries have reached an agreement to ramp up oil supply. Opec+ will increase oil production by 400,000 barrels a day in a move expected to dampen soaring oil prices. As part of the deal, the group will reverse an existing cut of 5.8m barrels per day by September next year. [...]
Exclusive: Two City lawyers on a mission to make their fintech the ‘Amazon of Islamic finance’ July 19, 2021 Islamic Finance Guru (IFG), a UK-based Islamic finance platform, has closed an investment round led by Outward venture capital, as the market for Islamic fintech grows. The UK-based startup has raised £3m from Outward VC and B&Y Venture Partners. The news come just a week after the Boubyan Bank Group announced that the world’s first [...]
Weekend Read: Job market tension threatens to derail Britain’s economic recovery July 17, 2021 The UK labour market is roaring back to life. After months of being shuttered due to Covid, businesses are finally welcoming customers back through their doors – and ramping up hiring to cope with soaring demand. Companies added 356,000 workers to payrolls over the last month. Total weekly hours worked has reached its highest level [...]
US stocks fall despite upbeat retail sales in June July 16, 2021 An unexpected rebound in retail sales was not enough to prevent falls among US stocks on Friday. The blue-chip S&P 500 dropped 0.22 per cent, while the tech-heavy Nasdaq fell 0.22 per cent. The Dow Jones lost 0.23 per cent during morning trading. The losses came as the US Labour Department released figures showing retail [...]