Paris attacks: Islamic State planning deadly cyber attacks, chancellor George Osborne will say November 17, 2015 Terrorist organisation Islamic State (IS) is trying to develop capabilities to launch deadly cyber-attacks on the UK, chancellor George Osborne is expected to say today. The chancellor will speak today, days after the group launched a series of attacks on Paris, killing 132 people. Today he will announce the UK's investment in fighting cybercrime will double to [...]
Global Terrorism Index 2015 mapped: Terror attack deaths and economic cost hit an all-time high as UK is hardest hit of any EU country November 17, 2015 The world is counting the cost of terrorism more than ever before in terms of both its economic impact and lives lost, new research reveals, as Europe continues to reel from France’s worst ever peace-time attack. The economic impact of terrorism across the globe reached $52.9bn (£34.8bn) in 2014, rocketing 60 per cent on the [...]
Best of the Brokers for 17 November 2015 November 17, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com WOLSELEY The analysts at Deutsche Bank have changed their recommendation for Wolseley, downgrading the building materials supplier from a “buy” to a “hold” rating. Deutsche Bank said Wolesely is a “good company”, but macroeconomic factors could negatively impact the firm’s performance. The analysts [...]
FTSE fends off Paris panic and ends the day up – London Report November 17, 2015 A RALLY by AstraZeneca after a delay in the approval for a rival drug and strong gains by builder Taylor Wimpey helped the FTSE to a positive day yesterday despite tourism stocks falling in the wake of the deadly attacks in Paris on Friday night. The UK’s blue-chip index closed up 0.46 per cent at [...]
Japan recession: Has Abenomics failed? not quite November 17, 2015 The latest data from Japan revealed that the world’s third largest economy slipped back into recession in the past quarter, at least technically. Has Prime Minister Shinzo Abe’s “three arrows” plan to revive the Japanese economy – Abenomics – failed in spectacular fashion? Well, yes and no. MIXED PICTURE Let’s start with the economy. [...]
Don’t ignore the emerging market debt bubble – CNBC Comment November 17, 2015 It was the worst week for US markets since August last week, and now both the Dow Jones Industrial Average and the S&P 500 are on track for a losing year in 2015. The euro is trading at its lowest levels in six months, and investors are selling on almost a 90 per cent certainty [...]
How to deal with a misbehaving boss: Don’t assume that all whistleblowing staff will be treated equally November 17, 2015 There are many hurdles to jump when it comes to progressing your career. All you want to do is show how good you are and how hard you work, but sadly office politics will always need to be added to the mix. Something many will have to contend with at some point is how [...]
Paris attacks and the economic impact of terrorism: As France mourns the cost of terror keeps climbing November 17, 2015 The economic impact of terrorism across the globe reached $52.9bn (£34.8bn) in 2014, rocketing 60 per cent on the previous year and increasing ten-fold since the start of the century, according to the latest Global Terrorism Index. The figure is the highest since at least 2001, when it was calculated at $51.5bn following the 9/11 [...]
UK house prices: Generation rent to fall further from the property ladder as only one in four will own a home by 2025 November 17, 2015 In ten years time only 26 per cent of so-called “generation rent”, those aged between 20 and 39, will own their own homes according to a study by accountants PwC. In 2013, 38 per cent of those in that age group had bought a house. The amount of 20-39 year olds renting privately by 2025 [...]
Reduced buy-to-let tax relief causing concern for UK landlords November 17, 2015 The fall in landlord buy-to-let tax relief is a major factor for 50 per cent of all landlords currently looking to sell, according to a survey by estate agents Your Move and lettings agent network Reeds Rains. In the summer budget George Osborne cut buy-to-let tax relief to the 20% basic rate. Despite most of [...]