5/30/2023 0 Comments 100 doors lvl 12![]() “I think there is still lots to be optimistic about for the future of the UK tech sector.” Hoberman told the Standard: “Tech nation has been a flagship set of brands to promote and support founders across the UK and shine a beacon of attractiveness as a destination for top entrepreneurs. The organisation, which helped scale up as many as 40% of the UK’s tech unicorns through its growth programmes, announced it would be closing its doors at the end of March after the UK government unexpectedly withdrew funding in favour of handing it to Barclays.īut now parts of the business look set to be rescued by serial entrepreneur and founder Brent Hoberman via his startup investment business Founders Factory, who hopes to preserve the brand and revive its programmes and events. Tech Nation is poised for an eleventh-hour rescue deal as the industry body launched by David Cameron prepares to wind up operations after losing government funding. Tech Nation poised for eleventh-hour rescue deal It could be tougher for tech stocks though, with the Nasdaq essentially level.Īmong the big premarket movers is Donald Trump-linked SPAC Digital World Acquisition Corp, which is set to gain 11.9% following news of his indictment, which came out after yesterday’s closing bell. ![]() US shares are expected to post modest gains when trading begins in Wall Street today.Īccording to futures markets, the Dow Jones is set to open up 83 points to 33127, while the S&P 500 is set to gain 0.2% to 4087.50. Read more here US shares set for modest gains That period when our homes were the only places we were allowed to go inevitably saw them valued higher. On house prices, perhaps what we are seeing here is the froth coming off a fairly extraordinary pandemic related boom. House prices have seen the biggest fall since 2009 and economic growth is at as near zero as makes no difference.īut there’s another way of looking at it. On the face of it, today’s economic statistics aren’t exactly encouraging. Don’t be gloomy about the economy - it could have been much worse Meanwhile the core PCE price index came - a key figure for the Federal Reserve’s decision-making - came to 4.6%, lower than the expected 4.7%. The US Personal Consumption Expenditures (PCE) price index came in at 5% for February, lower than the expected 5.3%. The rise comes after the headline and core readings of the US Personal Consumption Expenditures (PCE) price index both came in below analysts’ expectations. ![]() The Nasdaq Index, meanwhile, is up by 0.7%, to 12095. ![]() The S&P 500 is up 0.5% to 4069, while the Dow Jones also rose by 0.5% to 33024. Shares in New York have risen since markets opened, after key inflation figures came in lower than expected. US shares rise amid positive inflation news However, it still remains some way behind the highs reached in mid-to-late February, when the FTSE cracked 8000 for the first time in history.Īmong the top gainers were investment manager M&G and insurance business Beazley. That figure is the hgighest close since 10 March, before Silicon Valley Bank’s UK arm collapsed, and is up more than 6% from lows reached at the start of last week. The index of blue-chip London companies gained every day this week, picking up almost 250 points since Monday to finish the week at 7639. The FTSE 100 has closed at the highest level in three weeks, following a week of gains. ![]()
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