Oil prices climb back from earlier losses as dust settles on Donald Trump win November 9, 2016 Oil prices have recouped earlier losses as global markets adjusted to Donald Trump's election as the 45th US president. Global benchmark Brent crude was trading up 0.04 per cent, or two cents, to $46.06 a barrel in the early afternoon UK time. Prices fluctuated around four per cent between $44.40, the lowest level since mid-August, [...]
If you weren’t worried enough today, the European Commission has just cut UK growth expectations for 2017 by almost half November 9, 2016 The European Commission has today pointed the finger of blame squarely at the UK's vote to quit the European Union for its downgrade of European and UK growth. According to the EC, UK GDP is now expected to come in at 1.9 per cent this year, one per cent next year, and 1.2 per cent in 2018. You [...]
Flybe profits tumble after share price nosedived to an all-time low this week November 9, 2016 Half-year results for Flybe showed a slump in profits as it feels the effects of a falling pound, but chairman Simon Laffin is doing his best to find the positives. The figures There was a 12.8 per cent rise in group revenue to £383m thanks to higher passenger volumes in Flybe UK and increased revenue in [...]
Donald Trump’s Presidential election victory could be good for London house prices November 9, 2016 Donald Trump may be about to take the White House, but here in Blighty we're more concerned about one thing: house prices. Thankfully, analyst Anthony Codling has already answered the question everyone was asking: what does a Trump win mean for London house prices? In the short term, he suggests, the London market may get a [...]
Sandwichgate: The chair of the Business Select Committee has written to Mike Ashley and he’s not happy November 9, 2016 The chair of the Business Select Committee that paid Sports Direct a memorable visit earlier in the week, has written to Mike Ashley. And boy, he's not happy. "For an organisation in the process of reviewing its corporate governance and working practices, it is difficult to understand how a representative of the company thought that [...]
Thinking of switching to Co-op Bank? Here’s why you should move quick November 9, 2016 Those weighing up their options for a new current account might want to make their move before the end of this week. Co-op Bank's £150 bonus for those switching to one of its current accounts is ending on Friday. The bank started offering the sweetener six months ago, and, since then, current account sales have rocketed [...]
The best Twitter reactions to Donald Trump’s victory November 9, 2016 Twitter is either a place you love to be on election night, or downright hate to be. As the results rolled in and the tables turned, social media was providing endless sources of amusement for those who decided to stay up and see history made. Donald Trump stayed offline, but recently has sent his first tweet since winning, [...]
Night Tube passenger numbers are 50 per cent higher than forecast November 9, 2016 Transport for London (TfL) thought the Night Tube would be popular; it didn't realise quite how popular. At a meeting of the London Assembly Transport Committee to discuss progress of the services, London Underground's managing director Mark Wild said that at the moment, passenger numbers were 50 per cent higher than forecast on the Night [...]
Half-year profits fall by double digits at energy supplier SSE but return to growth expected this financial year November 9, 2016 Profits have fallen at Big Six energy supplier SSE, but the group has said it expects to be back in the black by the end of the year and plans to invest almost £2bn into its UK and Ireland operations. The figures Adjusted profit before tax fell by 13.3 per cent to £475.8m at SSE in the [...]
Bank shares tanked on Donald Trump’s triumph November 9, 2016 Banks' shareholders were clearly less than thrilled about who won the race to the White House this morning, but are learning to live with it this afternoon. After dipping initially this morning, shares for the big banks listed in London have now recovered. Shares in HSBC are currently up 0.1 per cent at 620.6p, Lloyds Banking Group [...]