Standard Chartered: Analysts say the bank is a wise place to invest in light of Brexit and Trump January 17, 2017 Shares in Standard Chartered leapt over six per cent this morning after market upgrades and traders saw the stock as a good hedge against the tumbling pound. Bank of America Merrill Lynch (BoAML) raised its expectations of StanChart's profit before tax by 18 per cent and raised its target price for the stock to 900p from 735p. [...]
Hunt called off for MH370: Here’s what we do know January 17, 2017 Teams from Australia, Malaysia and China working together to find an airliner which disappeared three years ago say they have called off their search. The Press Association reported today that authorities hunting for Malaysia Airlines flight MH370, which disappeared with 239 people on board, had taken the decision with "sadness", after they scoured more than [...]
UK inflation rises faster than expected to hit highest rate in more than two years January 17, 2017 Prices in the UK increased faster than expected in December, as the impact of a weaker pound continues to feed through on consumer shopping baskets. The consumer price index rose by an annual rate of 1.6 per cent, beating market expectations of around a 1.4 per cent increase in prices, according to the Office for [...]
Dechra Pharmaceuticals buys wisely as acquisitions boost revenues January 17, 2017 Shares in animal drugmaker Dechra jumped over six per cent in early trading morning after it revealed "significant growth" in its annual trading statement. The figures The hard data will come when the FTSE 250 firm releases its full results, but in the trading update, the firm announced group revenue had grown by 34 per cent at [...]
Davos 2017: This is what’s happening at the World Economic Forum today January 17, 2017 The 2017 World Economic Forum kicked off at Davos today, with a star line up of speakers ready to air their views on subjects ranging from the future of the digital economy to safe water. The first panel discussion on today's agenda, which began at 7.15am, was the Size Matters talk on the future of [...]
Global giant Shell helping Edinburgh innovators to harness power of air turbulence January 17, 2017 | City Talk Capture Mobility’s award-winning roadside micro-turbine can generate electricity from the turbulence of passing traffic – enough to supply an average-sized home for 24 hours. Integrated solar panels at the top of the turbine add extra energy to the system during the day and air filters inside the fins of the turbines also help to clean the [...]
Want to skip congestion? Airbus is working on it with its flying car prototype January 17, 2017 Gridlocked roads and congestion might be a signature of busy cities, but Airbus hopes it'll have a way to circumvent that – sooner rather than later. The aerospace giant has said it's got plans to test a prototype of a self-piloted flying car by the end of the year. It got the wheels – or wings [...]
A Christmas sales boost will help Greggs beat expectations in its full-year results January 17, 2017 Pasty maker Greggs announced a strong finish to the year and said its final results will be slightly ahead of previous expectations in a trading update today. The figures Total sales were up seven per cent for the year ended 31 December, while company-managed shop like-for-like sales were up 4.2 per cent. Greggs' share price was up 3.8 per [...]
Traders prepare for sterling volatility ahead of Theresa May’s Brexit speech January 17, 2017 The pound fell to a three-month low overnight, and is continuing to hover around that mark ahead of Theresa May's Brexit speech later today. At pixel time sterling was back above $1.21, however, traders are preparing for volatility in the currency as the Prime Minister is set to lay out plans for a "clean break" [...]
Why attacking billionaires doesn’t help the poor January 17, 2017 Oxfam was founded nearly 75 years ago with the noble aim of preventing war-time governments from blocking the provision of urgently needed supplies to Europe’s suffering civilians. On top of the horrors of war, the world was a far more harsh and impoverished place back then. Globally, nearly 24 per cent of infants failed to reach [...]