The future of the office – What will be the ‘new normal’? May 14, 2021 | City Talk As we slowly contemplate a return to “normal” life following the disruption caused by the Government’s response to Covid-19, office-based employers are trying to figure out what that return looks like for their businesses. There is a real difference of opinion, both between sectors and in-sector, with some firms advocating that everyone should immediately return [...]
BoE’s Cunliffe sees strong case for UK digital currency May 13, 2021 Bank of England Deputy Governor Jon Cunliffe today said he could see good reasons for the central bank to launch its own digital currency. Cunliffe said the Covid crisis had accelerated the shift away from ‘public’ cash issued by the BoE and in favour of ‘private’ money used for online payments. “We may not be [...]
BT: Investors unenthused by £2bn pension funding deal as shares drop 6.3 per cent May 13, 2021 BT today announced plans to bring full-fibre broadband to an extra 5m homes as the financial burden of its pension deficit eased. The telecoms firm struck a new deal for its pension, which is one of the biggest in the country at £7.98bn. Some £2bn of deficit will be met through an asset-backed funding arrangement [...]
3i Group posts surge in investor returns for full year to £1.7bn May 13, 2021 3i Group posts surge in investor returns for full year to £1.7bn
Investment manager Brewin Dolphin posts record quarterly inflows of £1bn May 13, 2021 UK investment manager Brewin Dolphin toasted record fund inflows of £1bn in the first three months of 2021. The firm said it beat its own record for total discretionary fund inflows in the second quarter, which helped to boost its total funds by 10.5 per cent to £52.6bn in the six months ended 31 March. [...]
Evening Read: Investors sit on record levels of dry powder, says Silicon Valley Bank’s UK boss May 12, 2021 In recent months we have glimpsed potential opportunities for the post-Covid economy: the huge acceleration in technology adoption, both corporate and personal. And that’s good news for London’s technology and innovation space. But to get startups’ ambitious growth plans off the ground and put the pandemic recovery into motion, sources of capital are needed: financing [...]
Mental health awareness week – Nurturing your mental health at work May 12, 2021 | City Talk It can be easy to neglect your mental health, especially when the pressures of life can get in the way. Whether it is your career development, getting on the property ladder, maintaining relationships or otherwise, there is plenty that can distract you from looking after yourself. This week is Mental Health Awareness Week and after [...]
FTSE 100 outperforms global peers as Wall Street opens lower May 12, 2021 London’s FTSE 100 rebounded today after stronger-than-expected GDP data bolstered optimism about a sharp economic recovery. The blue-chip index rose 0.9 per cent this afternoon, with drinks giant Diageo adding 4.1 per cent after forecasting profit growth and restarting its capital return programme. Elsewhere, Wall Street’s main indexes opened lower this afternoon after better-than-expected inflation [...]
5 jobs in London-based tech companies you need to check out May 12, 2021 There’s a real sense of positivity in the air this week, isn’t there? Probably to do with the slow (but steady) reopening of the country. Plus, the weather has been warm, which always tends to put a pep in our step. You know what else could put a pep in your step? A new, and [...]
Why you shouldn’t try to time the top of the market May 12, 2021 | City Talk At the end of March, the S&P 500 index of US large companies was valued at 34 times its earnings over the past 12 months. This is more expensive than at the peak of the dotcom bubble at the end of 1999, when the figure was 31 times. And it’s a long way above the [...]
