Cyber security firm Kape has soaring revenue and profits after high-profile acquisitions March 22, 2022 Leading cyber security firm Kape reported a near 90 per cent increase in revenue following a series of high-profile acquisitions this year. The company announced its final results for 2021 on Tuesday, reporting it brought in $230m (£175m), an increase from $122m (£92m) the previous year. This comes after it completed the acquisition of online [...]
Shell reconsiders decision to pull out of Cambo oilfield amid rising oil prices March 22, 2022 Shell is reportedly reconsidering its decision to pull out of the controversial Cambo oilfield amid skyrocketing energy prices.
UK markets: ‘Penny is dropping’ there will be no immediate ceasefire in Ukraine while focus shifts to Sunak’s ‘double whammy’ March 22, 2022 European markets underwent a subdued start to the week yesterday, with the FTSE100 outperforming on the back of another day of advances for crude oil prices, pushing the index to close at its highest level since 28 February. “The main reason for the move higher in oil prices was reports that the EU was considering [...]
Exclusive: Why venture capital terms sheets can be fatal for any scaleup March 22, 2022 The moment an entrepreneur gets that email from a prospective VC with a term sheet – when a business moves into the next growth stage – excitement kicks in. However, many founders make one crucial mistake, namely not to interrogate their terms sheet in a lot more detail than they were expecting to. For many [...]
Home-working dampens London firms’ recruitment plans March 22, 2022 A rise in hybrid working is dampening London firms’ recruitment plans, reveals a fresh survey released today. A net 31 per cent of businesses in the capital intend to scale up their workforce, down sharply from 42 per cent, according to a closely watched survey by ManpowerGroup. Greater use of remote working practices and a [...]
Commodities rally boosts London’s FTSE 100 March 21, 2022 A rally among commodity prices sent industrial giants soaring in the City yesterday, lifting London’s bucket of top stocks. The capital’s premier FTSE 100 index notched up 0.51 per cent to 7,442.39 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.71 per cent to [...]
Trading in Russian bonds resumes, but yields fly higher March 21, 2022 Yields on Russian bonds soared today after authorities un-froze trading in government debt for the first time since the day after the Kremlin invaded Ukraine. Investors dumped OFZ Treasury bonds – the acronym for Russian government loan obligations – on fears Moscow will be unable or unwilling to pay its debts due to Western sanctions. [...]
Inflation to climb again in fiscal headache for Sunak March 21, 2022 Inflation in the UK will accelerate to its highest rate since 1991, according to bets placed by City economists on Wednesday’s fresh data released ahead of Chancellor Rishi Sunak’s spring statement. The rate of price rises will breach six per cent, new figures from the Office for National Statistics (ONS) will show. Rising energy and [...]
More than 100 listed UK companies sound alarm as Ukraine war makes investors move away from shares to gold March 21, 2022 115 UK listed companies have now warned of the effects of the war in Ukraine in their stock exchange announcements. The number of companies warning of the risk the situation in Ukraine poses has risen almost fivefold in the past week, up from 20 the week before. So far few have quantified the impact on [...]
1 Minute Market Rundown – 21st March 2022 March 21, 2022 | City Talk Russia – UkraineRisk bouncesCrypto finds support We find it rather telling that on Friday, a day you would have expected risk to be sold as the market headed into the weekend, saw stocks and crypto push higher. Now there could be a number of reasons for this. 1) the market is becoming accustomed to the [...]
