Dovish Hike. The Bank of England hike rates for the third meeting in the row and GBP falls! 🤔 The 25bps hike was fully expected by markets, what wasn't was that deputy governor Jon Cunliffe dissented and voted to leave rates unchanged. Cunliffe placed great weight on the very material negative impacts of higher commodity prices on real household incomes and activity. Markets now see the benchmark rate hitting 2% by year-end, compared to almost 2.25% before the decision, with GBPUSD down a full point since the announcement. #bankofengland #interestrates #economy #uk #finance
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Meet The Team: Stephen Barnett, "After studying a non-finance degree, I closed my eyes and pointed to investment banking" Stephen is AmplifyME’s Director of Corporate Finance has a multi-faceted background, from investment banking in London and New York to founding his own technology company, before spearheading our suite of Corporate Finance simulations. He's passionate about bridging the gap between theory and practice to empower the next generation of finance professionals, and changing the face of recruitment in banking. In this article he shares: 🛣 His journey from choosing his career investment banking to transitioning to education and beyond 💪 The motivations behind the game-changing M&A simulation in partnership with UBS 🤝 How the new, Investment Banking Pathway has created opportunities for students of all backgrounds, world-wide 🚀 What the education system can do to expand financial knowledge amongst young people If you would like to get in touch with Stephen or his team, or find out how our innovative corporate finance simulations can transform your academic or recruitment efforts, drop us a message today. #CorporateFinance #InvestmentBanking #Simulations #Training #Recruitment
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Congratulations to AmplifyME alumnus Eesaa Simat on being nominated for the Management Undergraduate of the Year Award! 🙌 While he didn't secure the win at the targetjobs UK awards last week, the nomination is a testament to Eesaa's dedication and hard work throughout his academic and professional journey. A participant in the Summer Analyst Training Programme in 2023, Eesaa recently caught up with us to discuss his journey into finance, share networking tips, and reflect on his application process, which led to him securing a 12-month placement as an investment consultant with Aon this summer. Read the full conversation 👉 https://lnkd.in/eWBH2geu #University #Finance #Careers
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Fantastic to be spreading our mission across Australia in partnership with Morgan Stanley and UBS 🌏 Over 200 students from University of Melbourne, University of Adelaide and the UNSW have taken the Markets Finance Accelerator experience this week. This exciting endeavour marks a significant step forward in our commitment to equipping students worldwide with essential financial skills and insights. We're proud to stand alongside Morgan Stanley and UBS as we empower talent and foster growth opportunities on a global scale. #Finance #Careers #Simulation #Australia
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Fantastic to catch up with AmplifyME’s alumni last week in London! Since 2009, AmplifyME has upskilled and prepared thousands of young people from a mix of backgrounds. We do this through a unique approach of practical simulation-based learning, and mentorship. Bridging the employability gap was one of the driving forces behind AmplifyME's inception. Institutions were missing out on untapped talent from a mix of backgrounds unable to showcase their true ability. The key? Assessed simulation technology that mirrors real roles in today’s industry. We’ve witnessed the remarkable growth of so many of the young individuals like the ones we caught up with last week who now excel in a range of roles across markets, banking, and quant finance, many through our recruitment partnerships with the world’s leading financial institutions. So, if you are a student thinking about a career in finance, or an institution looking for the best proven talent, get in touch and see where our partnership could take you.
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🎙 The Deal Room: BHP's Pursuit of Anglo American, Goldman Sachs Bankers Head To Paris & CVC Goes Public In this week's podcast episode of The Deal Room, we dive into three major headlines shaking up the world of corporate finance. ⛏ Explore BHP's ambitious £31bn bid for Anglo American, recently rejected but potentially set for a comeback. Discover the strategic insights driving this high-stakes deal and the hurdles it faces. 🌍 Get the inside scoop on Goldman Sachs' bold move, relocating top talent from London to Paris amidst Brexit uncertainties. Could Paris be the next hotspot for finance graduates? 🚀 Unravel the story behind CVC Capital Partners' successful IPO, as the firm and its investors raise €2bn, marking a significant milestone in Europe's private equity landscape. Spotify https://lnkd.in/eAekv84X Apple https://lnkd.in/ehg2s2V7 Tune in and learn about finance with real news events happening today! #MergersandAcquisitions #Deals #CorporateFinance #PrivateEquity #InvestmentBanking
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Get ready for the week ahead in Global Markets in just 60 seconds! 🌎 📅 MONDAY Saudi Arabia will host foreign officials, including US Secretary of State Antony Blinken, in Riyadh to discuss Gaza's future. BHP is said to be considering an improved offer for Anglo American after the initial £31bn proposal was rejected last week. Blackstone is finalising a revised offer to buy Hipgnosis Songs Fund. Concord agreed to acquire Hipgnosis for $1.51bn last week. 📅 TUESDAY In the Eurozone, data may show that the slowdown in inflation stalled in April for the first time this year. The bloc is also expected to have expanded by 0.2% in the January to March period, following stagnation at the end of 2023. Chinese Manufacturing PMI is expected to tick lower to 50.4 from 50.8. Earnings due from tech giant Amazon. 📅 WEDNESDAY The Fed is expected to keep interest rates on hold with a greater focus on the press conference from Chairman Jerome Powell. Expectations for rate reductions have been pushed further into 2024, and investors are now betting on two cuts at most by year-end. US ISM Manufacturing PMI will be of interest to traders. 📅 THURSDAY The UK will hold local elections. If the Conservatives lose more than 500 seats in the local authorities up for grabs and Labour takes their flagship metro mayoral posts in Tees Valley and the West Midlands (containing Birmingham), a call from Tory MPs for a vote of no confidence will be very much in play. Earnings from Apple, Shell, and Standard Chartered. 📅 FRIDAY Economists see US Non-Farm Payrolls growth moderating to a still-strong pace in April amid stable, low unemployment. Also, watch out for the US ISM Services report. French banks Societe Generale and Credit Agricole report earnings. #Finance #Investing #Trading #InvestmentBanking #Applications
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🎙 MM149: Tesla, Microsoft, Alphabet & Meta Earnings In this podcast episode, we break down the latest US earnings from some of the biggest companies on Wall Street. Join thousands of students from around the world who tune in every week to enhance their finance knowledge in an engaging and accessible way! 👉 Spotify https://lnkd.in/eTAkevxr 👉 Apple https://lnkd.in/er4NB98b #Finance #Investing #WallStreet #Applications
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Thrilled to have been part of upReach's inspiring Unlocking Potential Gala, dedicated to advancing social mobility 🙌 upReach is an award-winning social mobility charity driven by a vision of a society in which everybody has an equal opportunity to realise their full career potential, regardless of social background, a vision we are proud to support. A special shout-out to our very own Andrew Osayemi who auctioned a sponsored place on our Summer Analyst Training Programme alongside social mobility champion and pioneer Chloe Shepherd! #upReach #SocialMobility #Finance
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BREAKING M&A DEAL: BHP proposes £31bn takeover of Anglo American in mining mega-deal ⛏ London-listed miner Anglo American, said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would create the world's biggest copper miner churning out around 10% of global output. BHP said its offer valued each Anglo share at £25.08. Anglo shares rose 13% to £24.89 in early trading in London. The deal, if agreed, would give BHP access to more copper, one of the most sought-after metals for the clean energy transition, and potash, which are its key strategic commodities, as well as more coking coal in Australia. Jefferies analysts said it could take a premium of around 28% above Anglo's most recent share price to get the deal across the line, adding the increased copper market concentration could raise antitrust concerns. If the deal is completed, it would likely be among the 10 biggest-ever mining deals by value and has the potential to delist Anglo from the London market. Sources: Reuters / Guardian #Mining #Commodities #MergersandAcquisitions #Deals
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US sues to block merger of Coach and Michael Kors handbag makers 👜 The US Federal Trade Commission has sued to block Coach parent Tapestry's $8.5bn deal to buy Michael Kors owner Capri saying it would eliminate "direct head-to-head competition" between the flagship brands of the two luxury handbag makers. It is unusual for the US regulator to try to block a high-end fashion merger. But in December, authorities issued new merger guidelines to encourage fair, open, and competitive markets. By using a new tactic under the guidelines, the FTC has argued that the merger of Tapestry and Capri would directly affect hourly workers who may lose out on higher wages due to reduced competition for employees. Tapestry had offered to buy Capri in August, hoping to create a US fashion behemoth that could effectively battle bigger European rivals such as Louis Vuitton parent LVMH and potentially win more share in the global luxury market. Sources: BBC, Reuters #Fashion #Finance #MergersandAcquisitions #Deals
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