Sharm el-Sheikh Metrojet A321 Russian airliner plane crash raises concerns over airport security costs November 10, 2015 Thousands of tourists stranded in the Egyptian beach resort of Sharm el-Sheikh are continuing to be brought home this morning, amid concerns businesses could have to absorb the cost of increased security. The foreign secretary Philip Hammond said that if the crash in Egypt is found to have been caused by a bomb, increased security at airports [...]
Black Friday and Cyber Monday 2015: UK shoppers holding out to snap up bargains in November pushed October sales down November 10, 2015 UK retail sales were disappointing last month, according to a survey by the British Retail Consortium released today, suggesting that some shoppers may be holding out for some deals around Black Friday at the end of November. Retail sales decreased 0.2 per cent on a like-for-like basis from October 2014, when they were unchanged from the preceding [...]
Moody’s warns of global shockwaves as fallout from China slowdown threatens growth prospects November 10, 2015 Global economic stability is at risk from financial shocks in the face of a bigger-than-expected fallout from China’s slowing growth, a new report from Moody’s has warned. The credit ratings agency also said that policymakers may find it difficult to act against potential shockwaves as they “lack the ample fiscal and monetary policy buffers” needed to [...]
Cranes fill London’s skyline as office building activity hits seven-year high November 10, 2015 Building activity in central London has jumped by 28 per cent in the last six months to a reach a seven-year high, according to data released today. Deloitte Real Estate’s latest Crane Survey, which tracks building activity across the capital, said there were 26 new starts in the period totalling three million square feet and [...]
Hunger Games production firm Lionsgate posts $42m loss for the third quarter November 9, 2015 Lionsgate, the company that produced the Hunger Games, American Pscycho and the gruesome Saw series, recorded a loss of $42.1m (£27.9m) in the three months to September. The company posted a profit of $20.8m during the same period a year ago. However, the firm expects a twist in the tale with Orange is the New Black and the [...]
Portugal’s government is likely to recieve a vote of no confidence – here’s what you need to know November 9, 2015 The Portuguese Prime Minister and his minority coalition government face a major confidence vote in parliament today. Here's what you need to know: The Prime Minister is likely to lose The centre-right coalition has the most seats in parliament but does not have a majority. After October's election, the PSD, the People’s Party and Portugal Ahead held 107 [...]
Russia’s insurers are too driven by the motor market – S&P Emerging Market Insurance Forum November 9, 2015 Russia's insurance industry is overly dependent on motoring, creating problems as the market goes into decline, according to research from Standard & Poor's (S&P). At an emerging market forum hosted by the ratings agency this evening, the audience were told that motor hull was responsible for 22 per cent of insurance premiums in 2014, more than [...]
Insurers to announce Indian investment plans during Narendra Modi’s UK Visit November 9, 2015 A number of insurers will announce this week that they are planning to pour money into Indian investments. The announcement will coincide with Indian Prime Minister Narendra Modi’s visit to the UK. Aviva, Bupa, Lloyd’s of London, Standard Life and Willis will confirm collect plans to put money into Indian joint ventures and partnerships, Sky [...]
Equities may not survive aggressive dollar – eToro Tips & Picks November 9, 2015 There is only one place to start this week, and that’s the jobs report. Given all the attention on last week’s stellar non-farm payroll report, however, many have overlooked the average earnings reading, despite it being far more important at this point in time. It now looks likely that Janet Yellen will increase interest [...]
E.on slapped with £7m fine over failure to supply customers with smart meters November 9, 2015 Utility giant E.on will be fined £7m by the Gas and Electricity Markets Authority for failing to supply its business customers with smart meters. The Big Six supplier has agreed to pay the fine to the Carbon Trust for missing an April deadline to ensure 20,000 of its eligible business users had access to the energy-saving [...]