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 [...]
Greece has until the end of the week to meet bank recapitalisation requirements, says Eurogroup president Jeroen Dijsselbloem November 9, 2015 Eurozone finance ministers have given Greece until the end of the week to make the necessary reforms needed to complete its bank bailout. Europe has put £10bn aside for Greece but Jeroen Dijsselbloem, head of the Eurogroup of Eurozone finance ministers, said after a meeting of finance ministers in Brussels that "the agreed conditionalities need to be met". [...]
Tinder, OKCupid and PlentyofFish owner Match Group seeks valuation of $3.8bn in stock market float November 9, 2015 Match Group, the owner of dating sites Match and OK Cupid as well as dating app Tinder, is seeking a valuation of as much as $3.8bn (£2.5m) in its initial public offering. The group plans to sell 14 per cent of the company in 33.3m shares at a price between $12 and $14, meaning it could [...]