UK fiscal watchdog puts cost of reaching net zero at £1.4 trillion July 6, 2021 The cost of the UK reaching net zero by 2050 could be as high as £1.4 trillion, according to figures included in a report published by Britain’s fiscal watchdog today. The UK economy will require over £1 trillion in investment over the next three decades to hit the government’s target of making Britain carbon neutral, [...]
Developing economies need more funds to tackle climate change – Carney July 6, 2021 The former governor of the Bank of England has warned that developing countries need more funds to tackle climate change. Speaking to MPs on the Treasury Select Committee, Mark Carney said although private financial markets could fund the investment needed to address climate change in rich countries, emerging markets do not have the same volume [...]
UK construction output growth surges to two decade high July 6, 2021 UK construction output growth reached its highest level for over two decades, according to a closely watched business survey released today. The latest IHS Markit/CIPS UK construction PMI for June was 66.3, up from 64.2 in May, the strongest rate of output growth for exactly 24 years. Sharp rises in business activity across the three [...]
Covid-19, one year later: Capital markets entering uncharted waters July 6, 2021 | City Talk CFA Institute conducted a survey of its global membership to analyse the effects of the current economic crisis caused by the Covid-19 epidemic on financial markets and the investment industry. The survey was run worldwide from 8 to 28 March 2021. Now we are releasing the survey report: COVID-19, ONE YEAR LATER. This research constitutes the second iteration [...]
Eurozone construction activity continues rebound from Covid lows July 6, 2021 Eurozone construction activity continues to march on from its Covid lows, according to a closely watched business survey released today. The IHS Markit Eurozone Construction Total Activity Index was unchanged over the last month, reaching 50.3 in June, indicating a marginal expansion in construction activity. This was the fourth consecutive month that construction firms in [...]
Private equity firm Bridgepoint confirms plans to float on London Stock Exchange July 6, 2021 Private equity firm Bridgepoint have confirmed plans to raise £300m through an impending float. The firm dangled the prospect of an IPO last month but have confirmed the move in an announcement to markets this morning. The buyout group, which has around £27.4bn of assets under management across equity and debt funds, says it seeks [...]
US calls for end to deadlock in Opec+ talks July 6, 2021 The US called for an end to the impasse among Opec+ members in oil output talks on Monday. Leaders of the Opec+ alliance postponed talks on Monday after the United Arab Emirates refused to agree to a proposed eight-month extension to curbs on output. “The United States is closely monitoring the OPEC+ negotiations and their [...]
Amber means Go! Travel industry awaits details on rule change for double-vaxxed Brits July 5, 2021 Travel industry in holding pattern awaiting details on rule change for double-vaxxed Brits
PMI: Eurozone business activity grows at fastest pace for 15 years July 5, 2021 Business activity in the Eurozone expanded at its fastest rate for 15 years in June, driven by strong performances by the manufacturing and service sectors. The latest IHS Markit Composite Output Index for the Eurozone rose to 59.5 in June, up from 57.1 in May. The reading was the highest since June 2006 and marked [...]
Transforming private equity with data analytics July 5, 2021 | City Talk Krekar Kawani CA, Founder of Touchstone Advisory, examines how private equity firms are leveraging game changing advancements in data analytics to their advantage. Data has been an integral part of human culture since the beginning of time. Humans going back as far as 40,000 years have been recorded using sequential markings by etching notches on [...]
