Will rising commodity prices prompt a shift for equity investors? March 16, 2021 | City Talk A number of different factors are coming together to support rising commodity prices. Such price rises could have a profound effect on the type of companies equity investors want to own. After years of being out of favour, suddenly commodity-related stocks – which are often found at the value end of the spectrum – may [...]
On-demand pay: is it here to stay? March 16, 2021 | City Talk Millions around the globe depend on regular salaries and plan their budgets based on paydays. But the lockdown has made personal budgeting much more challenging. Many workers have lost their job and many others are now working remotely. Compounding near universal worries about future and immediate financial security are the added stress and logistical challenges [...]
Global growth narrative set to shift as pre-pandemic legacy issues resurface March 16, 2021 You may have missed what happened in the US and China over the past week but two major events took place in the world’s two largest economies that have the potential to directly impact us here in the UK. The first is the passage of President Biden’s $1.9trn stimulus bill in the US. The second [...]
FTSE 100 closes in the red as Astrazeneca doubts weigh on index March 15, 2021 The FTSE 100 closed in the red this afternoon as growing doubt over the efficacy of the Astrazeneca vaccine weighed on hopes for a swift economic recovery from the pandemic across Europe.
Covid-19: Forget the fashion pages, the ONS inflation basket tells us pandemic shopping trends March 15, 2021 Covid 19: Forget the fashion pages, the ONS inflation basket tells us pandemic shopping trends
Bailey gives cautious endorsement of ‘coiled spring’ recovery and dampens inflation fears March 15, 2021 The Governor of the Bank of England has backed the economy to recover this year and cautiously endorsed his Chief Economist Andy Haldane’s prediction of a “coiled spring” recovery. Andrew Bailey told the BBC this morning that though current Bank forecasts predict a gradual recovery, there were welcome “risks to the upside.” Haldane has said [...]
Deliveroo plans to issue £1bn of new shares in upcoming London float March 15, 2021 Food delivery giant Deliveroo said this morning that it plans to offer around £1bn of new shares in its upcoming London float. The company confirmed that its public listing will also include the sale of shares by certain existing shareholders. Deliveroo further added that it will have two classes of shares, with founder and chief executive Will Shu [...]
UK manufacturers in cash scramble as Covid and Brexit dents profits March 15, 2021 UK manufacturers are suffering a triple whammy of lower sales, declining profits and a “painful cash squeeze”, according to new Insider Pro research. Insider Pro has analysed the accounts of almost 1,500 small and medium-sized manufacturers, which is around a quarter of the industry’s UK workforce. Read more: Brexit: UK food manufacturers to face millions [...]
Tech hiring surges as firms turn to government’s Kickstart Scheme March 15, 2021 The resilience of the tech sector has seen hiring return to pre-pandemic levels and now it is turning to the government’s kickstart scheme to recruit under-24s. The digital tech sector has seen hiring surge to pre-pandemic levels with 122,446 advertised roles in the IT sector alone. Firms are making use of the government’s Kickstart Scheme [...]
Farmers union slams free pass for EU imports as UK food exports face red-tape and higher costs March 12, 2021 Farmers union pleads for level playing field on EU imports as food exports face financial barriers