What does China’s stock market meltdown mean for investors? August 2, 2021 | City Talk Chinese markets have hit headlines again in recent weeks. Geopolitical tensions surrounding trade remain, but market behavior and performance – particularly in the tech sector – has also come to the fore. We asked Tom Wilson, Schroders’ Head of Emerging Market Equities, what’s causing the upset. The Chinese government seems to be cracking down on [...]
AIM is ‘market of choice’ for large companies August 2, 2021 London’s junior market AIM is establishing itself as the exchange of choice for larger cap companies, according to new analysis published today. Accountancy group UHY Hacker Young said” “improvement in the overall quality of companies on AIM, partly achieved through more stringent quality control, is making AIM the stock market of choice for larger cap [...]
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 [...]
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 [...]
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 [...]
When the Covid cloud moved in, the bright stars of private equity dimmed July 29, 2021 | Sponsored Investors were allocating to private equity and venture capital funds in record volumes, banking on their perceived stability and expected continuing high returns. But when the COVID cloud moved in, the bright stars of PE and VC dimmed. Will they go completely dark? Our new industry brief, Alternatives in the Age of COVID-19, produced in conjunction [...]
US stocks open flat as investors await outcome of Fed meeting July 28, 2021 US stocks were broadly flat on Wednesday morning as investors held off from making any sudden moves until the Fed announces the outcome of its latest round of talks. The blue-chip S&P 500 inched up 0.02 per cent to 4,404 during opening trading, while the Dow Jones lost 0.12 oer cent. The Nasdaq led the [...]
