Page 3 - City Intelligence News Today

The Bitcoin bubble may have burst for good this time Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 19 May 2021 • 2:54pm If you’ve been to central London recently - a big “if” admittedly judging by my commute - you can’t help but notice the blizzard of Bitcoin-related marketing on public transport. One advert even pokes fun at the phenomenon: “If you’re seeing Bitcoin on the side of a bus...

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Saving London will take more than turning empty offices into flats Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 27 April 2021 • 7:24pm It will be one of the biggest post-Covid challenges facing the government: how to revive town centres hollowed out by the stampede to work from home.  Ministers are desperate for us to return to the workplace. It would help the public transport system get back on i...

Ludicrous Abrdn rebrand exposes SNPs fragile ideas Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 26 April 2021 • 4:59pm It’s a vintage time for corporate name changes. Volkswagen gave us Voltswagen, a nod to an electrical future, briefly anyway. The April Fool’s prank backfired, not least because the wags in the marketing department forgot that an essential element of an April Fool’s joke is t...

UK close to Australian trade deal Louise Moon, Simon Foy Government borrowing hit £303.1bn in year ending March Retail sales jumped 5.4pc compared with February FTSE 100 falls flat, stays shy of 7,000 US market edge higher after a rise in factory activity 05:03 PM Sterling has a strong day Sterling has had a strong day today, rebounding from a sharp fall on Thursday after strong retail sales and PMI figures were a positive sign for Britains economic recovery. It rose 0.07pc ag...

UK close to Australian trade deal Louise Moon, Simon Foy © Provided by The Telegraph Liz Truss Workspace tumbled to the bottom of the FTSE 250 after a double-downgrade by Barclays that said there is “too much” optimism being priced in about the positive impact reopening will have on flexible office space providers. Paul May, an analyst at the bank, said the downturn in London offices that started last year “could be structural rather than cyclical, with permanently low...

Extinction Rebellions vandalism betrays its hollow message Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 22 April 2021 • 2:00pm First they came with colour co-ordinated hammers, now they’ve brought stickers and scuba masks too. Extinction Rebellion aims to terrify us all back to the stone age with its apocalyptic message, yet turns up with a toy box. What next, banana bread for the police and a kn...

If content is king, Netflix’s crown is slipping Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 21 April 2021 • 2:15pm Tech stocks have been on a roller coaster ride in recent months but even by Silicon Valley’s recent topsy-turvy standards, the $20bn (£14.4bn) that traders wiped off the value of Netflix in after-hours trading on Tuesday is pretty wild. The company should probably be used to thi...

Darktrace float could be a bigger flop than Deliveroo Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 19 April 2021 • 2:00pm After Deliveroo’s float floperoo, cyber security firm Darktrace should be the sort of company that investors scramble for a piece of.  Deliveroo is desperate to be seen as a technology pioneer but the reality is it’s not much more than a takeaway business with a phone app a...

Even Primark must succumb to the online revolution eventually Read this exclusive extract from our City Intelligence newsletter and sign up at the bottom of the article to get it every weekday lunchtime 20 April 2021 • 8:36pm There was something strangely reassuring about the queues that formed outside Primark’s Oxford Street store when high streets reopened last week. Economists still rely heavily on official data but like road traffic, restaurant bookings and more obscure measures such as...