Exclusive: ESG funds slump behind peers as energy and defence stocks bolstered by war July 12, 2022 Environmental, social and governance (ESG) funds in the UK have slumped below their industry peers this year as oil & gas, mining and defence stocks surge in the wake of war in Ukraine, new research has revealed.
UK windfall tax reprieve helps FTSE 100 pare back morning losses July 11, 2022 Recession fears initially gripped London markets today, but traders perked up during the afternoon session to leave the capital’s main index unchanged. The FTSE 100 was largely flat, closing at 7,196.59 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.4 per cent to [...]
The era of steady growth and inflation is over, BlackRock warns July 11, 2022 The world’s biggest asset manager BlackRock said today the era of steady growth and inflation was over as it revealed it had slashed its exposure to developed market equities and was bracing for extended period inflation and volatility.
Will the recent slide in the Volatility Index continue? July 11, 2022 | City Talk With earnings season kicking off this week amid the backdrop of US inflation, consumer confidence and industrial production data, where next for the VIX? Volatility Index (VIX) outlook The Volatility Index (VIX) is again coming off its relatively high 30+ reading as it has done every month year-to-date, except in April, but is another spike higher around [...]
Revealed: More than 100 MPs pocket at least £2.6m per year by renting out hundreds of properties July 11, 2022 Just over 100 members of parliament make at least £2.6m per year between them by renting out properties in London and across the UK. According to new research, based on parliamentary disclosures published in September 2021, 177 MPs own at least 312 residential properties, nearly a third of all MPs. Those are properties they own [...]
Doceo watch list 11.07.22 July 11, 2022 Discount Watch: 10 The number of investment companies whose discounts hit 12-month highs over the last seven days increased by one this week to 10. Case of deja-vu in the private equity and infrastructure sectors after there were second consecutive appearances for LMS Capital (LMS); Schroder British Opportunities (SBO); and infrastructure’s Sequoia Economic Infrastructure (SEQI). [...]
Exclusive: Political turmoil causing ‘uncertainty’ and jeopardising rules reform, Starling boss warns July 11, 2022 The chief of digital bank Starling warned that political volatility was causing “uncertainty” for businesses today as she voiced concerns that the government’s business reform agenda could be blown off course. In comments shared exclusively with City PM, Anne Boden, who founded the digital bank in 2014, warned the tumult of Boris Johnson’s resignation last [...]
UK economy headed for prolonged slump despite jobs market resilience July 11, 2022 The UK economy is headed for a protracted slump and possibly a recession caused by soaring inflation hitting households and businesses, revealed a survey published yesterday. Output has dipped to its lowest level since February last year, when the country was in the teeth of the most onerous Covid-19 prevention measures, according to consultancy BDO. [...]
Three Soft Skills You’ll Need To Succeed At A Tech Start-up July 11, 2022 If you’re working in the tech sector, hiring at a startup is something you’ve probably considered. Startups are booming in the UK: 38,240 tech firms were incorporated in 2021, up from 23,579 in 2020. According to data from Dealroom, in the first quarter of this year, tech firms raised a record £9bn, up from the [...]
Lawyers gearing up for ‘wave of litigation’ due to crypto crash: Furious Brits expected to claim losses back July 10, 2022 The collapse in the value of crypto is likely to lead to a raft of claims from UK investors who believe they have lost considerable sums of money after being mis-sold cryptocurrencies, lawyers have told City PM today. Mis-selling claims may arise in cases where cryptocurrencies were marketed as a low-risk investment, yet subsequently dropped [...]
