News Centre

FTSE UK Index Series Quarterly Review September 2020

Date 02/09/2020

• One change to the FTSE 100 
• B&M European Value Retail to join FTSE 100
• Ten changes to the FTSE 250 

BIS - Corporate Zombies: Anatomy And Life Cycle

Date 02/09/2020

Focus

We analyse zombie firms, defined as unprofitable firms with low stock market valuation. Our analysis takes a longer-run international perspective using firm-level data on listed non-financial companies covering 14 advanced economies and spanning three decades.

Contribution

Documenting the rise of zombie companies over the past three decades, we explore their anatomy and life cycle. Their anatomy is analysed in terms of their economic and financial characteristics and performance, as compared with those of non-zombie firms. To flesh out a zombie firm's life cycle, we study how key balance sheet and profit account items move in the years before and after the firm first becomes a zombie. We further document what happened to zombie firms over time, zooming in on those firms that have managed to recover from zombie state.

Eurex Strengthens Its Eurex EnLight Offering With Two New Functionalities

Date 02/09/2020

MGEX Announces Its Second-Best Fiscal Year Volume In History

Date 02/09/2020

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reports the conclusion of its fiscal year on Monday with a total volume of 2,634,578 contracts, making it the 2nd best fiscal year of all time. The Exchange saw a 17% increase in total volume compared to the 2018-2019 fiscal year.

Moscow Exchange Trading Volumes In August 2020

Date 02/09/2020

In August 2020, total trading volumes across Moscow Exchange’s markets grew by 9.3% to reach RUB 75.3 trln. The average daily trading volume increased by 14.5% to RUB 3.6 trillion.

Bank Of England: Treasury Committee – Oral evidence: Economic impact Of coronavirus (14:30)

Date 02/09/2020

Witnesses: Andrew Bailey, Dame Colette Bowe, Alex Brazier, Dave Ramsden and Gertjan Vlieghe

Keynote Address By Michel Barnier, EU Chief Brexit Negotiator, At The Institute Of International And European Affairs

Date 02/09/2020

Ladies and gentlemen,

Good afternoon, dia dhaoibh,

Thank you for tuning in.

I hope you are all safe and well despite the difficult circumstances.

Let me start by thanking the Institute for International and European Affairs –its Director-General, Michael Collins, and your team – for inviting me, and for the kind words of introduction.

Apex Partners With Calypso To Provide Middle And Back-Office Services To Ardent Financial

Date 02/09/2020

Apex Group Ltd. (“Apex”), a global financial services provider, announces today that it has been appointed to provide front to back office solutions to FCA regulated global securities dealer Ardent Financial Limited (“Ardent”) using Calypso Technology Inc. (“Calypso”) management and reporting platform. These services will complement Apex’s existing provision of custody services to Ardent.

Bank Of England: Government Debt And Inflation - Speech By Ben Broadbent, Deputy Governor Monetary Policy, Delivered At The 2020 Annual Meeting Of The Central Bank Research Association

Date 02/09/2020

In his speech, Ben Broadbent discusses monetary finance. He sets out how the cyclical behaviour of monetary and fiscal policy means that the coincidence of a higher deficit and easier monetary policy is not informative about this question. Instead, one needs to look at the behaviour of objectives. History suggests that, regardless of the fiscal position, the most important guarantee of stable inflation is a stable regime for monetary policy and an independent authority setting it.  

Agreement Between Ferrotramviaria, SIA And Tecknè To Enable Contactless Payments In Bari - Starting From Today, On Trains Between Karol Wojtyla International Airport And The City Center, The New "Paga E Via" Service Allows Fast Access To Trains By Tapping Payment Cards Directly On The New Readers At The Bari And Airport Stations

Date 02/09/2020

Simple, fast, secure: this is the new contactless payment service “Paga e via” developed by Ferrotramviaria, SIA - a leading European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity - and Tecknè for travelers who from today will use the rail service connecting Karol Wojtyla International Airport and Bari city center.