Take a deep breath. Here are some of Donald Trump’s policies, pledges and promises November 9, 2016 As Donald Trump closes in on victory in the race for the White House, here are some of the policies he has promised: The wall Possibly Trump’s most infamous pledge, the Republican wants to build a wall between the United States and Mexico. Not only that, he wants the Mexicans to pay for it. Read [...]
Burberry profits fall 24 per cent despite Brexit boost November 9, 2016 Burberry reported plummeting profits in the first half of the year – but added that the fall in sterling had pushed up comparable sales by 30 per cent in the UK. Silver linings? The figures Underlying pre-tax profits fell 24 per cent to £146m in the six months to the end of September, as revenues fell to [...]
Spot gold prices rise but lose some earlier gains as Donald Trump wins US Presidential election November 9, 2016 Gold prices have surged two per cent this morning after Republican nominee Donald Trump won the 2016 US Presidential election, but have lost earlier gains to trade back below the $1,300 mark. Spot gold prices surged to a high of almost five per cent, reaching $1,337.38 an ounce in the early hours as the polls suggested [...]
US Presidential election 2016: Global markets “in a bloodbath” as Donald Trump looks set for White House victory over Hillary Clinton November 9, 2016 As Donald Trump looks set to be named President of the US, analysts have issued dire warnings on global markets – with one expert describing a "bloodbath" as the election results roll in. Trump is currently leading the race for the White House with 244 electoral college votes against Hillary Clinton's 215. The Mexican peso, [...]
How to put your children onto the property ladder (without acrimony) November 9, 2016 With rising house prices and tighter lending criteria, it is increasingly difficult for young people to get onto the housing ladder. In most cases, they will need to call on the Bank of Mum and Dad. Parents who want to help their children are often uncertain about the best way to provide the funds, the [...]
RBS faces a long road to profitability as it seeks to put its problems behind it November 9, 2016 In an era of ultra low interest rates, ever tightening regulation and steep legacy fines, times are tough for banks. But taxpayer-backed RBS, which has not made a full-year profit since 2007 and has seen shares slide 36 per cent in the year to date, is having a particularly rough ride. This is largely through problems [...]
US Presidential election 2016: Peso plunges to record low as Donald Trump moves towards the White House November 9, 2016 The Mexican peso has plummeted 11.5 per cent early this morning, as Republican candidate Donald Trump moves towards victory in the US Presidential election. Mexico's central bank has announced it will hold a news conference this morning after the peso hit its lowest levels in history. Economists have said the bank is likely to raise its key [...]
National Audit Office blasts DfT and Network Rail over Great Western railway project as costs have surged £2.1bn since 2013 November 9, 2016 The National Audit Office (NAO) has lambasted Great Western railway as "a case study in how not to manage a major programme" in a report into the project. The cost of modernising the railway is currently estimated at £5.58bn – an increase of £2.1bn since 2013, and there are delays to the electrification of the route [...]
M&A activity surge predicted in betting, airline and homebuilding industries after Brexit vote November 9, 2016 The UK’s Brexit vote is likely to increase deal activity in the betting industry, among airlines and between homebuilders, new analysis out today suggests. With the outcome of the Leave vote far from decided, “the only certainty is uncertainty”, the Boston Consulting Group (BCG) report noted. But the report, “Will Brexit hurt – or help [...]
City Moves for 9 November 2016 | Who’s switching jobs November 9, 2016 Velocity Composites Velocity Composites, a supplier of composite material and consumable kits to the aerospace industry, has appointed Alan Kershaw as chief financial officer. Alan has over 25 years' experience of shaping and leading the finance functions of companies, both privately and publicly held. Alan joins Velocity Composites after serving as finance director for Ultrasis, an international provider [...]