Today final day for borrowers to apply for payment holiday on mortgages, cards and loans March 31, 2021 Borrowers have until the end of today to apply for a payment holiday on products such as mortgages, personal loans and credit cards. Eligible customers who have not taken a payment holiday before, and those who have previously had a payment deferral totalling less than six months, have until tonight to apply. Payment holidays are [...]
Exclusive: Govt policy shows UK tech is ‘guiding light’ in pandemic recovery, says Beacon CEO March 30, 2021 Despite the upheaval that the pandemic has caused for many individuals and businesses across the UK, the tech sector has been relatively resilient over the past 12 months. The industry’s continued strong performance is reflected by recent data compiled by Tech Nation and the government’s Digital Economy Council, which shows that 10 per cent of [...]
Bernoulli’s Prisoner’s Dilemma: applying the scenario to modern markets March 30, 2021 | City Talk In 1738, the Swiss mathematician and physicist Daniel Bernoulli proposed a simple thought experiment: “A rich prisoner who possesses two thousand ducats but needs two thousand ducats more to repurchase his freedom, will place a higher value on a gain of two thousand ducats than does another man with less money than he.” Let’s place [...]
Bond investors and sustainability: is it all greenwash? March 29, 2021 | City Talk With issuance of green, social and sustainability bonds expected to hit a record $650 billion this year, Schroders’ Head of Sustainable Credit Saida Eggerstedt tackles the topic of greenwashing. “We are in a boom era for borrowing linked to sustainability criteria,” according to Saida Eggerstedt, Schroders’ Head of Sustainable Credit. In 2020, the global issuance [...]
Investment trusts beat dividend drought with record payouts March 29, 2021 As companies across the globe slashed payouts during the pandemic investment trusts beat the drought by raising dividend payments to record levels. Investment trusts dished out an extra £87bn in dividends last year, equivalent to a 4.2 per cent annual increase. Between April and December 2020 more than three quarters of trusts investing in equities [...]
FTSE 100 and Wall Street rise on recovery optimism March 26, 2021 FTSE 100 climbed further this afternoon as Wall Street opened higher on renewed economic recovery optimism. London’s blue-chip index is trading 0.9 per cent higher this afternoon as higher retail sales triggered a new wave of confidence in the economic recovery. Mining stocks including Rio Tinto, Anglo American and BHP pushed higher after a slow [...]
Curve launches NFT auction in bid to raise cash for London theatres March 26, 2021 Fintech Curve has joined the NFT bandwagon and launched an auction in a bid to raise cash for London’s theatres that have been left devastated by the pandemic. Non-fungible tokens are cryptocurrency takens which certify the ownership of a unique digital file using blockchain. They have become a way for creatives to raise cash during [...]
FTSE 10 and Wall Street slip despite encouraging economic data March 25, 2021 Mining stocks continued to drag down the FTSE 100 this afternoon while Wall Street opened lower despite an encouraging set of unemployment figures. London’s blue-chip index is down more than one per cent this afternoon with Antofogosta and Glencore all shedding more than four per cent. Bank of England Chief Economist Andy Haldane said he [...]
ECB eases digital euro doubts and backs proposed currency to thrive March 25, 2021 The European Central Bank today eased doubts in Germany about the launch of a digital euro, insisting that the electronic cash would not be used to penalise savers or upend banks. The ECB is looking to launch a digital version of the euro within the next five years to see off competition from cryptocurrencies such [...]
Private markets: the quest for diversification March 25, 2021 | Sponsored By Nalaka De Silva, Investment Manager, Aberdeen Diversified Income and Growth Trust plc Institutional investors have long thought of private markets as a way to boost returns. But the recent challenging economic conditions have further enhanced the role that private market investments can play in portfolios. In particular, investors are now relying on private markets [...]
