Hired raises another $30m to recruit tech talent for Facebook, Uber and top tech companies November 9, 2016 Recruitment startup Hired has landed a new round of funding just months after it last raised cash, City A.M. can exclusively reveal. The Ontario Pension Board and wealth advisory firm Glenmede Trust, both of which already have a stake in the firm via venture capital (VC) investments, are among new investors to put $30m (£24.2m) into the startup, [...]
Let’s face it, Hillary Clinton was a terrible candidate – and Trump could be very good for Britain November 9, 2016 It is sadly commonplace to sneer at Americans in our country – a lamentable tradition of biting the hand that freed us. As the 2016 Presidential election is prompting the emergence of another bout of this regrettable tendency, I thought that I’d counsel against it here. Don’t get me wrong. I do not claim that [...]
The UK trade deficit widened in September, but dipped in the first full quarter since the Brexit vote, as sterling falls showed little effect November 9, 2016 The UK’s deficit on trade in goods and services widened in September, Office of National Statistics data has shown. The gap grew by £1.5bn from August to £5.2bn, with exports decreasing by £200m and imports rising by £1.2bn. The deficit on trade in goods was £12.7bn in September 2016, widening by £1.6bn from August 2016. This widening reflected [...]
Dollar still down but reverses some earlier losses against major currencies as Hillary Clinton concedes defeat to Donald Trump November 9, 2016 The dollar began to creep back against the pound, euro and the yen following Donald Trump's conciliatory first speech after being elected the 45th President of the US. The greenback has made a comeback from earlier losses (albeit slight), trading down 0.31 per cent against sterling at mid-morning at £0.8052. Shortly after 5.30am, it was 1.1 per cent [...]
Why Deutsche Bank thinks the ECB is in for a tougher time following the Trump victory November 9, 2016 Donald Trump's triumph at the US elections could cause Mario Draghi some headaches, according from Deutsche Bank. In a note published early this morning, when Trump's win was clearly on the cards but not yet officially announced, the bank noted a combination of factors that could possibly be triggered by the result – a downward drag on [...]
Remember when UK politicians debated banning Donald Trump from the country? Things are about to get awkward November 9, 2016 The news is sinking in: Donald Trump will be the next President of the United States. UK politicians have mixed reactions, but many are concerned about what this development will mean for Britain, and for Brexit. But cast your minds back to the start of 2016. A simpler time, some may say. A petition was started [...]
“Time for America to bind the wounds of division”: Watch Donald Trump’s victory speech in full November 9, 2016 Donald Trump gave an unusually statesmanlike victory speech today, congratulating his opponent and promising to unite his country. "It’s time for America to bind the wounds of division. We have to get together," he said. "For those who have chosen not to support me in the past, of which there were a few people, I’m [...]
Theresa May just congratulated Donald Trump on winning the US Presidential election November 9, 2016 Theresa May has said Britain and the US will continue to be strong partners as she congratulated Donald Trump on his victory in the US Presidential election. The prime minister said she would look forward to working with the President-elect to "ensure the security and prosperity of our nations" in the future. Later this afternoon a spokesperson added [...]
Here are the front pages after the Trump win – they’re pretty mixed November 9, 2016 The news of Donald Trump's victory is spreading across the world. The result came too late to make the UK front pages, but across the pond in America, the late papers are coming in. Read more: Dollar still down but reverses losses against other major currencies The Washington Post has an identical headline, but waited until [...]
Pharma firm share prices are jumping on Trump’s win. Here’s why November 9, 2016 Pharmaceutical stocks – one of the few sectors that was thought to be privately if not publicly hoping for a Trump win last night – surged after Democrat candidate Hillary Clinton conceded defeat in the US presidential election. They've joined precious metal miners in surging ahead, which are doing well on the rising price of [...]