Are London-only visas a good idea? November 10, 2016 Richard Brown, research director at the Centre for London, says Yes. For much of the UK, immigration was the big issue in the EU referendum. Londoners have always been slightly more relaxed. One in four workers in the capital are from overseas, and Londoners in general are far more positive about immigration than people from [...]
Greg Clark warns rip off energy companies to treat their customers fairly or they could face further action November 10, 2016 The government are preparing for a crackdown on energy companies who rip off their customers and exploit their loyalty. Greg Clark used his first major speech as head of the newly created business and industrial strategy department to attack utility companies for complicated tariff regimes which confuse people into paying too much. The business and energy secretary made it [...]
Deutsche Telekom posts mixed results and remains unsure over Trump and Brexit November 10, 2016 Europe’s largest telcoms group Deutsche Telekom has posted a six per cent uptick in revenues for its third quarter, beating expectations. Deutsche Telekom – which now controls a 12 per cent stake in BT following the sale of its EE joint venture – saw shares track lower on the results however. The numbers Group revenues grew by [...]
The special relationship’s back on: Donald Trump has invited Theresa May to visit him as soon as possible November 10, 2016 It looks like the special relationship is about to get back on track, after Donald Trump invited Theresa May to visit him "as soon as possible". Downing Street sources said May had a phone call with Trump this afternoon, in which she congratulated him on his "hard-fought" campaign. According to a statement, the pair agreed [...]
Donald Trump presidency could be a threat to record China-US M&A levels November 10, 2016 Donald Trump’s presidency could imperil China-US mergers and acquisitions (M&A) activity, which has reached record high levels this year. Overall, inbound M&A into the US is at its highest year-to-date level since 2001, valued at $401.7bn (£322bn). And 65 bids from China make up $51.1bn of this total. Read more: These are Donald Trump's policies [...]
Hikma Pharmaceuticals has cut its full year sales guidance from its US generics business November 10, 2016 FTSE 100 pharma firm Hikma has cut its full-year sales guidance for its US generics business to roughly $600m, against earlier analyst forecasts of $655m. Shares in the company have dipped in London, falling by some four per cent so far today. The numbers Hikma now expect generics revenue to be around $600m for the full year, though [...]
A deflating day for Halfords shares as margins are squeezed November 10, 2016 Shares in Halfords flopped five per cent today after revealing half-year profits had fallen by 12 per cent. While the car parts and bikes retailer announced that revenues had increased by six per cent, gross margins – the amount of profit it makes from every item sold – at its retail outlets fell sharply. Read [...]
Trump card: The Dow Jones has hit an all time high after Donald Trump’s win November 10, 2016 If there's one thing markets like, it's certainty. It may have been suggested a Donald Trump victory could lead to recession, then eventual doom for all of humanity – but now the markets have an idea of what they're in for, they're actually pretty cheerful. In fact, the Dow Jones hit an all-time high after [...]
International Energy Agency warns of “relentless” oil oversupply next year if Opec output cut fails to cap production November 10, 2016 The International Energy Agency (IEA) has warned global oil markets risk another year of "relentless" oversupply if Opec does not hash out a firm production cut later this month in Vienna. In its monthly oil market report, the agency pointed to other producers boosting output and global demand remaining flat as increasing threats to a [...]
Rubik’s Cube legal puzzle leaves toy maker frustrated November 10, 2016 The makers of the world-famous Rubik's Cube have been frustrated by the top European court. Seven Towers, which manages Rubik's Cube intellectual property rights, have been told the cube's distinctive shape is not sufficient to grant it protection against copycats. German toy maker Simba Toys brought a challenge against a 1999 European Union Intellectual Property Office (EUIPO) trademark [...]