MPs grill City watchdog chief as Tesco Bank and RBS fallout rocks the sector November 8, 2016 Talk about bad timing: The City watchdog boss has today faced a grilling from the influential Treasury Select Committee as the banking industry is still reeling from a hectic few days. Andrew Bailey, chief executive of the Financial Conduct Authority, appeared before the MPs as customers at challenger Tesco Bank await to hear how bad the weekend's [...]
Ryanair is taking the mick out of America on US election day November 8, 2016 Ryanair is taking full advantage of the US election, pushing a series of marketing campaigns taking the mick out of the two Presidential candidates. The airline launched a sale in the US with emails and adverts poking fun at Hillary Clinton and Donald Trump as the country goes to the polls today. Read more: Shareholder group thinks [...]
Hillary Clinton in the lead against Donald Trump as New Hampshire village of Dixville Notch takes to the polls November 8, 2016 Democratic nominee Hillary Clinton inched ahead in the fight for the White House this morning within minutes of Americans taking to the polls in the Presidential election. Clinton swept to victory against her Republican rival Donald Trump in the village of Dixville Notch, New Hampshire, where eight voters cast their ballots. While Clinton took four votes, Trump [...]
Cautious hopes of Hillary Clinton win against Donald Trump lift most stock markets in Asia November 8, 2016 Most Asian stock markets rose today as Americans prepared to head to the polls and investors remained cautiously optimistic that Democratic presidential nominee Hillary Clinton will secure the White House. Modest upswings in Asian shares pushed the MSCI's broadest index of Asia-Pacific-based stock outside of Japan up 0.3 per cent. Hong Kong's Hang Seng rose [...]
It’s finally arrived: How to trade US election night November 8, 2016 Even with her exoneration by the FBI at the weekend, a victory for Hillary Clinton is not yet guaranteed. Just a few hours before an expected 130m Americans head to the polls, it is still unclear which candidate will enter the Oval Office next year. She may have the edge – Nate Silver’s FiveThirtyEight had [...]
The Institute for Fiscal Studies says that reduced tax revenues will undermine hopes of a budgetary surplus in 2019 November 8, 2016 Britain's economic slowdown means that public finances will be £25bn worse off than previously thought and still in deficit by 2019. Lower growth forecasts mean Philip Hammond can expect to be nursing a Treasury deficit of £15bn, compared with the £10bn surplus George Osborne predicted in the Budget earlier this year, according to the Institute for [...]
Trump versus Hillary: How to make money whoever wins the US presidency November 8, 2016 This presidential campaign has been nothing if not unpredictable. Less than a fortnight ago, a victory for Hillary Clinton looked all but certain. Then it emerged that the FBI was investigating a new set of emails connected with her private server. Now, she has been cleared, but Donald Trump is arguing that her latest exoneration [...]
Autumn Statement: Government has little room for giveaways November 8, 2016 In the early months of 1975, with Britain creaking out of recession, the government’s debt was equivalent to around 56 per cent of GDP. A year later, Harold Wilson was replaced as Prime Minister by James Callaghan who promptly went cap in hand to the IMF. Such was the parlous state of the UK’s economy, [...]
Prime Minister Theresa May extends visa sweetener to India November 7, 2016 Prime Minister Theresa May has today promised a more polished version of the UK's visa deal with India. This summer's Brexit vote has raised a number of questions surrounding the UK's approach to freedom of movement of people, both within the EU itself and further afield. Speaking at a press conference as part of her trade [...]
Sandwichgate: How Sports Direct spied on MPs with a camera hidden in sandwiches November 7, 2016 Shocked MPs were left fuming after staff at Mike Ashley's Sports Direct apparently attempted to spy on them using a camera hidden under a plate of sandwiches. Members of the business select committee paid the controversial retailer's Shirebrook site a surprise visit earlier today, as part of a long-running investigation into conditions at the company. [...]