Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Experts are gearing up for further volatility in the City due to investors pulling money until more information about the severity of Omicron emerges, a throwback to the early stages of the pandemic when traders frantically poured over infection data to guide investment decisions.
“Fear of the unknown will weigh heavily” on markets this week, said Craig Erlam, senior market analyst at Oanda, said.
In a sign of which sectors could be battered this week, stocks that suffered the hardest hits back in March 2020 when the UK entered its first lockdown also plunged on Friday, suggesting Covid-19 is set to become a key factor driving markets once again.
British Airways parent company IAG had 14.85 per cent shaved off its share price, while Rolls Royce tumbled over 11 per cent.
Fellow airlines easyJet and Wizz Air were whacked 11.45 per cent and 15.23 per cent respectively.
Tourism stocks are expected to build on losses tomorrow due to “investors digest[ing] the implications of the new variant,” Neil Shearing, group chief economist at Capital Economics, warned.
Sectors that are heavily exposed to swings in economic activity, such as banks, are also being touted by the City as being potential casualties of this week’s Omicron driven volatility.
City Am do blow hot and cold though....
https://www.cityam.com/all-eyes-on-the-open-investors-brace-for-choppy-week-as-omicron-looms-over-markets/
7 mins ago (14:23 GMT)
US should be prepared to do ‘anything’: Fauci
Dr Anthony Fauci, the top US infectious disease expert, has said that Americans should be prepared to do “anything and everything” to fight the spread of the variant Omicron.
Aljazeera news.
It will certainly put off holiday makers, more so with families.
Business meetings back to video calls.
I'm supposed to be flying to Scotland this week as my business also has land in South East plus acquiring more in Midlothian for building.
That now is going to be a video call with the purchaser and representative based in the area.
Its worrying now, even im like....**shrugs shoulders** as here looking forwards, could be a squeezed tourist year.
Telegraph all over the place. 2 hrs ago they posted this which is far from good news.
https://www.telegraph.co.uk/news/2021/11/27/new-covid-variant-nu-strain-south-africa-symptoms-cases-uk/
"The new measures will be assessed in three weeks' time when "we should have much greater information about the continuing effectiveness of our vaccines", Mr Johnson said.
However, Sir Patrick warned that the UK may need to "face up" to the possibility of further action if the Omicron variant is very transmissible."
Uncertainty for 3 weeks.
Sky News loving the gloom.
4 minutes ago....
There are growing fears a newly discovered COVID-19 variant, said to be potentially more dangerous than the one causing waves of infection around the world, could impact Christmas
https://www.ig.com/uk/news-and-trade-ideas/could-the-omicron-variant-cause-a-larger-ftse-100-crash--211127
"Of course, the index could also rally sharply, if it becomes clear that the threat is overexaggerated."
Just to add....the timing makes the mind boggle!!
Presumably in January the WHO and country governments will say, not as bad as initially feared. Sorry to fk up your Xmas travel plans. Yeh right.