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Asian shares slip, dollar wallows at one-month lows

Asian shares slip, dollar wallows at one-month lows

2021-04-15T02:06:46Z

Climate scientists swap fieldwork for finance

Climate scientists swap fieldwork for finance

2021-04-15T05:22:32Z

Retail visionary Galen Weston dies aged 80: Tycoon transformed Selfridges into Britain's most alluring department store

Galen Weston (pictured with wife Hilary), was the inheritor of the struggling Canadian supermarket group Loblaw, which in a lifetime of work he turned into an £8bn personal fortune.

2021-04-14T21:48:59Z

MARKET REPORT: Shares in Easyjet fly on summer holiday hopes

In one of the most upbeat predictions from an airline yet, boss Johan Lundgren believes holidaymakers will be able to visit 'almost all major European countries' by the time leisure travel restarts in May.

2021-04-14T22:07:21Z

Yes, interest rates are low. But that doesn’t mean Australian housing is getting more affordable

While inflation might be incredibly low, the same cannot be said for house prices. And despite record low interest rates, housing remains as unaffordable as ever. One of the common complaints about inflation is that it doesn’t measure house prices – but this is not quite true. The consumer price index has since 1998 measured the price of dwelling purchases by owner-occupiers. Crucially though this measure does not include the cost of property....

2021-04-14T17:32:45Z

Digital currency exchange Coinbase value tops £80bn on its New York stock market debut

In one of the most exciting flotations for a decade, Coinbase shares were expected to open at $250 but instead started trading at $381 before reaching $429. That valued the company at £81bn.

2021-04-14T21:48:52Z

U.S. digital ads spur Publicis' return to growth

U.S. digital ads spur Publicis' return to growth

2021-04-15T05:42:23Z

Tesco profits fall by a fifth despite 'exceptional' £1bn a week sales

The closure of pubs and restaurants boosted Tesco but it was unable to capitalise because of £892m of costs related to the virus. Revenues rose 7 per cent in the year to February 27.

2021-04-14T22:22:20Z

Martin Lewis explains how Britons may get up to £280 for working from home - could you?

MARTIN LEWIS was back on the airwaves today, providing his latest money saving tips and tricks, and he let Britons know they could potentially receive up to £280 - simply for working from home.

2021-04-14T18:42:42Z

Pound surges as currency hits one-week high against dollar

BREXIT Britain has seen its pound sterling has hit a one-week high against the US dollar.

2021-04-14T22:17:27Z

Wizz Air dives to €590m loss as wait for recovery goes on

Wizz Air came back down to earth with a bump this morning as the firm braced itself for a net The post Wizz Air dives to €590m loss as wait for recovery goes on appeared first on CityAM.

2021-04-15T06:25:05Z

Questor: there’s more to come from our smaller companies trusts after their pandemic revival

Questor: there’s more to come from our smaller companies trusts after their pandemic revival

2021-04-15T04:22:16Z

Regions drive 5.7% surge in house prices amid pandemic property boom

House prices in Wales and the North West have led Britain's pandemic property boom as homebuyers shunned cities in favour of more space.

2021-04-15T00:51:57Z

To make the UK a tech leader, retail money must be given more access to private investments

It should be a good thing that Oxford Nanopore, Deliveroo, and Cazoo are all listing, regardless of their early stock The post To make the UK a tech leader, retail money must be given more access to private investments appeared first on CityAM.

2021-04-15T05:09:58Z

Goldman Sachs smashes profit expectations on global M&A and SPAC boom

Goldman Sachs smashes profit expectations on global M&A and SPAC boom The post Goldman Sachs smashes profit expectations as global M&A and SPAC boom pushes fees higher appeared first on CityAM.

2021-04-14T11:54:29Z

Benefits claimant received more than £100,000 they were not due

HM Revenue & Customs oversaw large sums being paid over several years following the logging of incorrect information about family income.

2021-04-15T02:07:03Z

How high will Coinbase stock go? Cryptocurrency firm soars past $112 billion in IPO

Coinbase stock soared to value the company at a high of $112bn as it became the first major cryptocurrency company to go public. The company is the largest US crypto exchange and provides a string of financial services based on bitcoin and 50 other cryptocurrencies. Coinbase shares opened at $381 on the Nasdaq Global Select Market on Wednesday morning, and quickly rose as high as $429 in its first few minutes of trading. The price of the stock...

2021-04-14T19:58:44Z

Dell spins off VMware stake, generating up to $9.7 billion to pay down debt

Dell spins off VMware stake, generating up to $9.7 billion to pay down debt

2021-04-14T20:31:09Z

Treasury Select Committee launches inquiry into Greensill Capital scandal

Westminster’s Treasury Select Committee has today launched an inquiry the Greensill Capital lobbying scandal. Committee chair Mel Stride said MPs The post Treasury Select Committee launches inquiry into Greensill Capital scandal appeared first on CityAM.

2021-04-14T15:39:30Z

More than a third of workers get just a week's notice of shifts as insecurity laid bare

The findings come from a Survation poll for the Living Wage Foundation

2021-04-14T23:15:45Z

Aerospace body urges government to secure Liberty Steel supply

The aerospace industry is calling for the government to intervene to secure the supply of specialist steel products it relies on, amid struggles for funding for Liberty Steel. Liberty Steel’s owner, Sanjeev Gupta, is urgently seeking finance after the collapse of Greensill Capital, previously its key lender. Liberty Steel is the UK’s third-largest steelmaker employing has about 3,500 workers, while Gupta’s broader GFG metals empire employs about...

2021-04-14T17:17:42Z

Financial services optimism rebounds at fastest rate in eight years

Optimism within the financial services sector has increased for at the fastest rate in eight years as the economy begins The post Financial services optimism rebounds at fastest rate in eight years appeared first on CityAM.

2021-04-14T23:09:42Z

Foxtons faces backlash by shareholders over CEO’s near-£1m bonus

Foxtons is facing a backlash among its shareholders over a decision to award a near-£1m bonus to its chief executive while refusing to pay back millions of pounds in taxpayer-funded government support to weather the Covid-19 pandemic. The London estate agent, which has received almost £7m in government furlough money for staff and business rates relief, has also continued to spend freely to build its business. On Wednesday the company revealed...

2021-04-14T11:32:35Z

Ford details new production cuts due to global chip shortage

Ford details new production cuts due to global chip shortage

2021-04-14T19:56:18Z

Decline in UK marketing budgets slows amid rebound hopes

Cuts to UK marketing budgets eased in the first quarter, sparking hopes that the easing of Covid-19 restrictions could pave The post Decline in UK marketing budgets slows amid rebound hopes appeared first on CityAM.

2021-04-14T23:09:41Z

U.S. hearing on China competition told research funding falling behind

U.S. hearing on China competition told research funding falling behind

2021-04-14T23:26:28Z

Jobkeeper doubled return for investors compared to companies that did not have subsidy

An investor who put money into companies that received the Morrison government’s jobkeeper payment would have received almost twice the return as someone who invested in companies that did not receive the wages subsidy, new analysis shows. The analysis, conducted for Labor frontbencher Andrew Leigh, shows that someone who invested a dollar in each of a basket of jobkeeper companies in March last year would have all but doubled their money,...

2021-04-14T17:32:44Z

Dollar at three-week low as Fed's dovish message sinks in

Dollar at three-week low as Fed's dovish message sinks in

2021-04-15T01:31:49Z

Dogecoin price: DOGE surges in value as Elon Musk drives crtypto frenzy with Twitter memes

DOGECOIN prices have hit an all-time high this week amid a flurry of investing from memesters spurned on by SpaceX mogul Elon Musk. The "meme cryptocurrency" is now valued at a staggering £12.48billion ($17.66billion).

2021-04-14T14:02:08Z

Photo of Coinbase’s 2012 founding in a San Francisco apartment goes viral as shares hit $112bn

A photo of the founding of Coinbase in a San Francisco apartment in 2012 went viral as the cryptocurrency firm went public and its value reached as much as $112bn. The company became the first major cryptocurrency firm to go public on Wednesday, riding a surge in the popularity of bitcoin. Coinbase shares opened at $381 on the Nasdaq Global Select Market on Wednesday morning, and bounced as high as $429 in its first few minutes of trading,...

2021-04-14T21:51:49Z

UK finance lobby urges rules rethink to unlock capital for COVID-19 recovery

UK finance lobby urges rules rethink to unlock capital for COVID-19 recovery

2021-04-14T21:34:26Z

Aldi trials major change in UK store which could be rolled out across the country

ALDI has launched a trial which sees the supermarket selling its first ever packaging-free products. It's a huge change that Aldi hopes will be rolled out across the whole country to help customers shop more sustainably.

2021-04-14T10:42:32Z

GUY ADAMS: So what did the 'man who ran Britain' know about Greensill?

GUY ADAMS: There has rarely been a more comprehensive gathering of our political elite than the crowd that attended Lord Heywood's memorial service in 2019.

2021-04-14T22:11:51Z

Low risk investing is a better option than a 1% 5-year fixed cash Isa

For many who choose the lousy returns but relative safety of cash the answer comes down to a question of risk. However, it is possible to dial down that risk substantially.

2021-04-15T05:22:40Z

TSMC's first-quarter profit rises 19% on strong chip demand

TSMC's first-quarter profit rises 19% on strong chip demand

2021-04-15T05:57:10Z

Money expert claims she’ll retire with $6 million and says others can too

A TikToker has gone viral after sharing her secrets on how she is set to retire with $6 million. Money saving and investment expert, Tori Dunlap has gained more than 1.2 million followers on the app where she advises users how best to manage and benefit from their money. She understands that finance is a very male-dominated environment and as her bio explains, she is ‘fighting the patriarchy by making you rich.’ The 26-year-old posted a video...

2021-04-14T15:05:01Z

EU 'to END vaccine AstraZeneca and Johnson & Johnson partnership' in furious retaliation

THE EU has decided it will not renew coronavirus vaccine contracts with AstraZeneca or Johnson & Johnson (J&J), it has been reported.

2021-04-14T08:57:20Z

Tencent Music appoints new CEO, chairman

UK-TENCENT-MUSIC-CEO1:Tencent Music appoints new CEO, chairman

2021-04-15T01:36:43Z

Coinbase shares jump 50 per cent on debut, valuing it at $100bn

Coinbase shares jump 50 per cent on debut, valuing it at $100bn The post Coinbase shares jump 50 per cent on debut, valuing it at $100bn appeared first on CityAM.

2021-04-14T17:39:33Z

The words you must cut from your resume NOW

While most employers are searching for employees who are motivated, loyal and enthusiastic, it's essential to explain how you embody each quality by giving examples.

2021-04-15T04:27:20Z

Geely's EV unit Polestar raises $550 million, company says

Geely's EV unit Polestar raises $550 million, company says

2021-04-15T05:17:54Z

Oil holds near one-month highs as demand forecasts raised

Oil holds near one-month highs as demand forecasts raised

2021-04-15T01:46:43Z

Before the Open: Late US tech selloff set to act as a drag on European open

US markets saw another mixed close yesterday, only this time it was the S&P500 and Nasdaq that finished the day The post Before the Open: Late US tech selloff set to act as a drag on European open appeared first on CityAM.

2021-04-15T06:25:05Z

FTSE 100 outperforms peers as commodity prices rise

The index closed up 0.7%, ending the day at over 6,939.

2021-04-14T16:47:57Z

Oil firm CEOs’ pay is an incentive to resist climate action, study finds

Lucrative pay and share options have created an incentive for oil company executives to resist climate action, according to a study that casts doubt on recent net-zero commitments by BP and Shell. Compensation packages for CEOs, often in excess of $10m (£7.2m), are linked to continued extraction of fossil fuels, exploration of new fields and the promotion of strong market demand through advertising, lobbying and government subsidies, the report...

2021-04-15T04:08:09Z

FTSE 100 gains as “value” stocks gather momentum

The FTSE 100 was set to make modest gains today amid talk that so-called “value” stocks such as banks and energy companies are set to build on their strong recent gains. Value stocks are those generally unloved companies in old fashioned sectors with strong profit potential whose share prices have been left behind in the rush for hotter industries. These include tech stocks which have risen in value consistently since early last year, making...

2021-04-15T05:44:48Z

Mortgage lenders prepare to launch ultra-low 5% deposit deals

Several big high street names have already confirmed their intention to take part in a new UK Government-backed 5 per cent deposit scheme, which was unveiled in the recent Budget.

2021-04-14T17:31:13Z

Do you accrue holiday on furlough?

FURLOUGHED employees are paid 80 percent of their wages by the Government, but do workers still accrue holiday while they are on furlough?

2021-04-14T21:57:47Z

Asda plans to centralise its baking, seeks new roles for 1,200 staff

Asda plans to centralise its baking, seeks new roles for 1,200 staff

2021-04-14T19:51:10Z

Coinbase launch: how two crypto geeks beat the giants of Wall Street

As Coinbase floated on the stock market today with a valuation topping $100 billion, a question for Barclays, JPMorgan, Goldman Sachs and the rest: “Guys, why didn’t you do this first?” After all, Coinbase does most of what an investment bank does, but for cryptocurrencies like Bitcoin and Ethereum. It holds your bitcoins for you like a custodian bank, puts you together with buyers and sellers like an over-the-counter broker, and makes markets....

2021-04-14T17:59:14Z

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