Hints and tips:
...Financial markets closed South Korea: preliminary Q1 GDP figures US: preliminary Q1 GDP figures Results: Airbus Q1, Aker Solutions Q1, Alphabet Q1, American Airlines Q1, AstraZeneca Q1, Barclays Q1, BNP...
...The offering is being led by Barclays, Goldman Sachs, JPMorgan and Mizuho along with 24 other underwriters....
...Barclays and Citi have been lined up as global co-ordinators for the initial public offering, according to people familiar with its plans....
...Further reading: — QCEW data show some of last year’s jobs growth is “overstated”, says Barclays - FT Alphaville...
...As always, drop your story ideas to me at sid.v@ft.com and have a great week....
...The result was a sharp V-shaped economic recovery from the pandemic lows....
...Plus, Claer visits the home of Miguel Barclay, better known on Instagram as the £1 chef, to see what budgeting tips he’s been cooking up in his latest book....
...As always, reach out to us at imani.moise@ft.com and sid.v@ft.com with thoughts and topics....
...Reach out to us at imani.moise@ft.com or sid.v@ft.com....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...As always you can reach me at sid.v@ft.com. Thanks for reading....
...“Companies have underdelivered the IPO promise,” said Tracy Dolin-Benguigui, a Barclays equity research analyst who covers insurance companies....
...Mike Lewis, head of US equities cash trading at Barclays, said that while he expected the drop in the stock market to be shortlived, investors were no longer baking in a powerful V-shaped recovery....
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
...“The bumper sticker would say, we’re past the V,” says Michael Gapen, chief US economist at Barclays, referring to the shape of the recovery since the shocking collapse last year....
...vs Barclay -- The coming vinyl crisis -- Watching from afar...
...“The outlook for employment is likely to represent the biggest rift within the MPC,” wrote economists at Barclays....
...The slower rate of new bad-loan provisions in the third quarter matches the trend seen at peers Santander and Barclays....
...Fabrice Montagne, economist at Barclays, said: “We see the bank as an enabler of the government’s fiscal response to the crisis . . ....
...Meanwhile, Barclays suspended any further sales of a commodity note linked to crude oil futures....
...A temporary stamp duty holiday that offers purchasers a tax saving of up to £15,000 has fuelled a V-shaped recovery in the housing market since May....
...Several other Covid-19 vaccines in development, including the Russian Sputnik-V and candidates from Johnson & Johnson of the US and CanSino of China, use adenoviruses....
...There were even larger provisions in the second quarter than in the first three months of the year, as banks tore up forecasts for a V-shaped recovery....
...After all, with the global economy facing not only its sharpest, but deepest, recession in recorded history, why on earth would the US stock market have priced in a V-shaped recovery when so much uncertainty...
...Few economists are projecting rapid “V-shaped” recoveries and more pain is expected when government support schemes wind down in the autumn....
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