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, [...]
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 [...]
US Presidential election 2016: Peso plunges to record low as Donald Trump moves towards the White House November 9, 2016 The Mexican peso has plummeted 11.5 per cent early this morning, as Republican candidate Donald Trump moves towards victory in the US Presidential election. Mexico's central bank has announced it will hold a news conference this morning after the peso hit its lowest levels in history. Economists have said the bank is likely to raise its key [...]
Some of the EU’s largest companies are worried that a hard Brexit will cost them dear November 8, 2016 A hard Brexit could hit some of Europe's largest companies by increasing their cost of funding. A report by accountants EY revealed that the likes of Airbus and Volkswagen are worried about the fallout of Britain's exit from the EU, according to reports by Sky News. Read more: A "hard Brexit" could undermine the very things driving [...]
From the NHS to Brexit, give people a choice and they’ll make a good one November 8, 2016 A current headache for the government is the performance of the NHS, and whether it is running out of money. This was making the front pages until the judges’ decision on Brexit pushed it off. Successive governments have discovered that the finances of the health service are a potentially bottomless pit. A key policy issue [...]
BMW workers vote in favour of strikes at UK factories over final salary pension closure November 8, 2016 The number of Minis and Rolls-Royce cars rolling off the production lines in the UK could be considerably disrupted after thousands of workers balloted in favour of strike action. BMW, which owns the two iconic brands, is planning to close its UK final salary pension scheme. Read more: Unite ready to fight BMW over pension changes A raft of [...]
The UK economy will grow two per cent this year after growth slowed November 8, 2016 Economic growth in the UK stalled slightly in the three months to the end of October, falling from 0.5 per cent in the previous three months to 0.4 per cent. The closely-watched GDP estimate by the National Institute of Economic and Social Research (Niesr) said although consumer spending is robust at the moment, it expects [...]
UK industrial production fell unexpectedly in September – but manufacturing rose November 8, 2016 The UK's industrial production fell in September, despite economists expecting it to be flat – but manufacturing showed a rather rosier picture. Industrial production fell 0.4 per cent between August and September, the same fall as the month before. Year on year, the figure rose 0.3 per cent cent – although economists had hoped for a [...]
Now Deliveroo drivers are launching a bid for greater workers rights November 8, 2016 Drivers delivering food for restaurants through Deliveroo are seeking greater workers rights following a high-profile court case which handed Uber drivers worker status. A group of drivers has asked the startup to recognise the union and give it collective bargaining rights over issues such as pay and hours, the BBC reports. Read more: The government wants "flexibility [...]
Consumer spending grows at record levels during October November 8, 2016 Consumer spending rocketed during October with Britons splashing out on visits to the cinema and drinking sessions in the pub. Spending grew at the fastest recorded levels during October according to Barclaycard. The 5.5 per cent year on year increase was driven by 20.9 per cent growth in movie going and a 12.9 per cent increase in [...]