Wall Street closes lower on inflation jitters May 10, 2021 Wall Street closed lower on today as inflation fears drove investors away from market-leading growth stocks in favour of cyclicals, which stand to benefit most as the economy reopens. Industrial and healthcare shares limited the Dow’s decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing [...]
Recruitment drive to launch for next Commissioner of Canada Police May 10, 2021 | City Talk Canada Corporation’s Police Authority Board (PAB) will begin a recruitment drive for the next Commissioner of Canada Police (City Police) next week. The appointee will replace Commissioner Ian Dyson, who has announced his planned retirement after 38 years of distinguished service in policing. Commissioner Dyson will be leaving the [...]
Sterling tops $1.41 for first time in more than two months May 10, 2021 The pound climbed higher than $1.41 today for the first time in more than two months. Sterling was buoyed by economic optimism, a weaker dollar and market relief that a Scottish independence referendum looks unlikely in the near-term. Pro-independence parties won a majority in Scotland’s parliament on Saturday, paving the way for a political battle [...]
Weave support for minorities into the fabric of the City to empower them to thrive May 10, 2021 | Sponsored DiverCity® Podcast · Representation and Recognition of the ‘Model Minority’ The #StopAsianHate campaign sprung up in response to a sharp increase in the number of assaults, both physical and verbal, on Asian communities globally over the past year. In the US, former President Donald Trump’s rhetoric around China – he even referred to Covid-19 as [...]
Exclusive: The City’s hunger for success and willingness to push boundaries is infectious, says tech guru May 10, 2021 Since the start of the pandemic, the entire economy and its workforce have moved online, with technology and digital tools keeping many businesses going. Jeremy Silver, CEO of Digital Catapult, a digital technology innovation firm based in Camden Town, has helped UK businesses small and large and across various industries to be more competitive online [...]
FCA proposes structure shake-up to tackle illiquid fund flaws May 7, 2021 Britain today put forward a new long-term asset fund structure to invest in illiquid assets, such as real estate and infrastructure, following a series of high-profile suspensions. Illiquid assets typically offer better long-term returns but come with higher risk. They can be difficult to value or sell in a crisis, making it hard to meet [...]
AI is growing: How do we create fair technology we can trust in, and minimise the risks of gender bias? May 7, 2021 | City Talk This year marks 20 years since Spielberg’s sci-fi / drama movie came to our screens: A.I. Artificial Intelligence – and in 2021, AI is no longer the work of science fiction. In the last 20 years, AI uses have been explored for human benefits in numerous industries. AI has played a key role in developing vaccines against [...]
UK funds back in favour off the back of successful vaccine rollout May 6, 2021 After a long period of neglect, investors are finally warming to UK funds again off the back of the success of the vaccine rollout. The latest set of Investment Association figures show savers invested £472m into funds in the UK All Companies sector. It comes as the country starts to open up and investors pin [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]
5 incredible companies that are hiring in London right now May 5, 2021 Summer is here (finally!), and it’s a great time to make some changes. For many people, that might mean a wardrobe cleanout or a new workout routine, for others, it might mean a new job. Today, let’s deal with the job thing. It can be a bit daunting to start a job hunt, especially during [...]
