The Week Ahead: Brexit, ECB rates, Rolls Royce, Ocado and Airbnb IPO December 7, 2020 City A.M. takes a look ahead at the main events shaping the markets this coming week, analysing what is to come with City insider Michael Hewson, chief market analyst at CMC Markets UK. Monday: Ted Baker When Ted Baker announced in June it was looking to raise over £100m at a discounted price of 75p [...]
FTSE 100 slips ahead of London lockdown as job losses mount December 15, 2020 The FTSE 100 slipped into the red as London prepared itself for a new lockdown and job losses climbed, with the index bucking the trend of European and US markets which rose amid positivity about coronavirus vaccines. London’s biggest index was down 0.5 per cent in afternoon trading to 6,501 points. The FTSE 250 was [...]
FTSE 100 tumbles as inflation concerns mount February 22, 2021 London’s FTSE 100 tumbled 0.68 per cent today by midday, as higher commodity prices sparked fears of a spike in inflation. The fall was led by declines in consumer staples and industrials stocks, as investors awaited Boris Johnson’s plan for a phased easing of business restrictions. The prime minister will plot a path out of [...]
FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased October 19, 2020 FTSE 100 goes in reverse as sterling strengthened while Covid restrictions increased
Ocado set to be crowned the FTSE’s most valuable tech giant December 17, 2019 Analysts have said Ocado has the vision to become the “Microsoft of Retail tomorrow” and transition into the FTSE’s most valuable tech giant. Once finalised, the decision by the Competition and Markets Authority (CMA) to de-designate Ocado as a retailer in August will make it the largest listed tech company in the UK by valuation. [...]
London Stock Exchange enters talks to buy stake in Primarybid June 30, 2020 London technology startup Primarybid is in talks to sell a chunk of its business to Britain’s stock exchange, following a successful partnership between the pair. London Stock Exchange Group (LSEG), the parent firm behind the London Stock Exchange, has entered detailed discussions with Primarybid about an investment, Sky News reported. Primarybid is an everyday investing [...]
Now hiring: DPD bets big on online delivery market with 6,000 new workers and £200m spending spree June 18, 2020 Delivery giant DPD is hiring 6,000 new workers in order to keep up with demand from “the biggest boom in online retailing in the UK’s history” as a result of the coronavirus lockdown. The firm said it would also put £200m extra cash into its network, as part of an “unprecedented investment in our infrastructure [...]
Amazon rolls out free grocery deliveries for Prime customers July 28, 2020 Amazon Prime customers will be able to order grocery deliveries to their home for free, the e-commerce giant announced today, in a huge blow to high street supermarket giants and small retailers. The tech titan will roll out free deliveries via its Amazon Fresh grocery service to Prime subscribers across 300 postcodes from today, with [...]
FTSE 100 closes higher and US stocks rise despite fresh coronavirus lockdowns November 2, 2020 The FTSE 100 rebounded strongly from a terrible last week and US stocks jumped as investors rediscovered some optimism ahead of the US election and key central bank meetings. London’s main stock index was 1.4 per cent higher at 5,654 points by the close of trade, despite the imposition of a new national lockdown. The [...]
Amazon Fresh: What does the expansion mean for UK supermarkets? July 28, 2020 Amazon’s announcement that it will offer free grocery deliveries for Prime customers represents a step up in competition between the internet giant and the UK supermarkets. The US company, which bought upmarket grocery chain Whole Foods in 2018, will offer free Amazon Fresh delivery in London and the South East from today. Plans are in [...]