This is what Donald Trump’s victory means for AT&T, Time Warner and global M&A November 9, 2016 Donald Trump’s presidency represents worrying news for – well, a lot of people. But dealmakers across the world will be among them, with the Republican expected to be bad news for global mergers and acquisitions (M&A) activity. In the lead-up to the election, Trump pledged that he would not allow the biggest deal of the year – [...]
Sainsbury’s like-for-like sales fell for its first half, but statutory profit is up November 9, 2016 Sainsbury's like-for-like sales excluding fuel fell by one per cent in the its first half as the supermarket faces an uphill struggle to entice customers through its doors. The company eked out more profit however. Sainsbury's share fell at the open, ditching almost five per cent after it warned second half underlying profit is expected [...]
FTSE 100 down 144 points, FTSE 250 down 300 points after Trump wins US Presidential election November 9, 2016 The markets opened London with huge drops as Donald Trump wins the US presidential election. The FTSE 100 was down 144 points, around two per cent to 6696.3, and the FTSE 250 opened down 300 points. However, later much of it was recovered. The prospect spooked US investors, as traders move to shift stocks. Gold has risen around 4.9 per cent [...]
Hillary Clinton has conceded to Donald Trump November 9, 2016 Hilary Clinton has conceded defeat to rival Donald Trump who is now officially the next US President John Podesta, chairman of the Clinton campaign took to the stage earlier at its headquarters and told supporters to "head home, [and] get some sleep" and that Clinton nor the campaign would have anything more to say until [...]
Take a deep breath. Here are some of Donald Trump’s policies, pledges and promises November 9, 2016 As Donald Trump closes in on victory in the race for the White House, here are some of the policies he has promised: The wall Possibly Trump’s most infamous pledge, the Republican wants to build a wall between the United States and Mexico. Not only that, he wants the Mexicans to pay for it. Read [...]
Burberry profits fall 24 per cent despite Brexit boost November 9, 2016 Burberry reported plummeting profits in the first half of the year – but added that the fall in sterling had pushed up comparable sales by 30 per cent in the UK. Silver linings? The figures Underlying pre-tax profits fell 24 per cent to £146m in the six months to the end of September, as revenues fell to [...]
Spot gold prices rise but lose some earlier gains as Donald Trump wins US Presidential election November 9, 2016 Gold prices have surged two per cent this morning after Republican nominee Donald Trump won the 2016 US Presidential election, but have lost earlier gains to trade back below the $1,300 mark. Spot gold prices surged to a high of almost five per cent, reaching $1,337.38 an ounce in the early hours as the polls suggested [...]
US Presidential election 2016: Global markets “in a bloodbath” as Donald Trump looks set for White House victory over Hillary Clinton November 9, 2016 As Donald Trump looks set to be named President of the US, analysts have issued dire warnings on global markets – with one expert describing a "bloodbath" as the election results roll in. Trump is currently leading the race for the White House with 244 electoral college votes against Hillary Clinton's 215. The Mexican peso, [...]
How to put your children onto the property ladder (without acrimony) November 9, 2016 With rising house prices and tighter lending criteria, it is increasingly difficult for young people to get onto the housing ladder. In most cases, they will need to call on the Bank of Mum and Dad. Parents who want to help their children are often uncertain about the best way to provide the funds, the [...]
RBS faces a long road to profitability as it seeks to put its problems behind it November 9, 2016 In an era of ultra low interest rates, ever tightening regulation and steep legacy fines, times are tough for banks. But taxpayer-backed RBS, which has not made a full-year profit since 2007 and has seen shares slide 36 per cent in the year to date, is having a particularly rough ride. This is largely through problems [...]