Former Wise employees to launch commission-free investment app after $1.5m round June 3, 2021 Two early Wise employees are capitalising on the rising demand for commission-free investment apps and have today announced a $1.5m pre-seed round for their own app. Lightyear, founded by Martin Sokk and Mikhel Aamer, claims to blend multi-currency accounts with unlimited access to markets without hidden fees or charges. It has today launched its waiting [...]
Exclusive: Europe’s first travel ETF to list in London this month June 2, 2021 Europe’s first travel and leisure ETF will launch in London later this month, as the industry starts to bounce back from the devastating impact of the pandemic. The Airlines, Hotels and Cruise Lines UCITS ETF will list on the London Stock Exchange in June and will be passported for sale across Europe, City PM can [...]
Wall Street creeps higher as investors bide time until key economic reports June 2, 2021 Wall Street’s main indexes edged higher today as cautious investors awaited key economic data later in the week. The Dow Jones Industrial Average rose 0.2 per cent at the open, while the Nasdaq Composite gained 0.1 per cent. The S&P 500 also added 0.1 per cent as it continued to recover its losses following a [...]
Wall Street opens higher while the FTSE 250 closes at a new record June 1, 2021 Wall Street opens higher as FTSE 250 closes at a new record
Made.com: Online retailer confirms plans to raise £100m in London IPO June 1, 2021 Made.com has confirmed plans to list in London later this month after capitalising on the shift to e-commerce during the pandemic. Last week the online furniture retailer unveiled plans for a float and today confirmed it plans to raise £100m, and the offer will include an offer of existing shares to be sold by existing [...]
Crowdcube launches IPO platform for retail investors June 1, 2021 Crowdcube has today announced the launch of a new IPO platform as minister plan to reduce the dominance of institutional investors in listings. The UK crowdfunding company allows retail investors to xxx . It will offer a service for public as well as private share sales from this summer, the Financial Times reported. “These community [...]
City PM TV: A Market Snapshot June 1, 2021 Market snapshot: Many key global equity markets have been tracking sideways, consolidating their gains in recent weeks.
How might higher inflation affect your investments? June 1, 2021 | City Talk The latest figures for US consumer prices showed that the rate of inflation increased the most since September 2008. This is raising fears that we are headed for a sustained bout of inflation. Rapid price increases lower a currency’s purchasing power, reducing the amount of goods and services you can buy with money. This damage [...]
Investors unshaken by inflation surge as Wall Street opens higher May 28, 2021 Wall Street’s main indexes opened higher today as investors shrugged off data showing a rise in inflation. Consumer prices rose 0.7 per cent in April after a 0.4 per cent increase in March, exceeding economists’ predictions of a 0.6 per cent gain. The Dow Jones Industrial Average rose 0.3 per cent, while the Nasdaq Composite [...]
