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 [...]
Asian markets slide as Donald Trump looks set for victory November 9, 2016 It's a little under two hours until the London Stock Exchange opens, but here's a hint of what might be coming: Asian markets were universally lower this morning as Donald Trump looked set for a White House victory. Hong Kong's Hang Seng index was down 2.8 per cent, at 22,261 points, while Japan's Nikkei plummeted [...]
LIVE UPDATES: Hillary Clinton to address the world after Trump victory November 9, 2016 As Hillary Clinton prepared to confront a Donald Trump victory this morning, the US markets opened. More: Live coverage: Follow our live blog of market news, reactions and views here "Time to bind the wounds of division": Watch the video or read the full transcript of Trump's victory speech Markets have been surprisingly calm after [...]
When will the results of the US Presidential election be announced? Here’s what previous years suggest… November 8, 2016 Tired of Trump? Heedless of Hillary? In less than 12 hours, the US Presidential election will be over, and for better or worse, we may even know who the new leader of the free world is. But what time will the results come rolling in, and how can you watch it online? Here's everything you need [...]
The UK economy will grow two per cent this year after growth slowed November 8, 2016 Economic growth in the UK stalled slightly in the three months to the end of October, falling from 0.5 per cent in the previous three months to 0.4 per cent. The closely-watched GDP estimate by the National Institute of Economic and Social Research (Niesr) said although consumer spending is robust at the moment, it expects [...]
Calm before the storm: The pound is back below $1.24 on Hillary Clinton hopes, as the FTSE 100 remains flat November 8, 2016 After an encouraging beginning to the week, the pound fell below the $1.24 mark this morning as the dollar strengthened on hopes of a Hillary Clinton win in today's US Presidential election. Having peaked at $1.2439 in early trading, the pound edged into the red in the early afternoon, dropping as low as $1.2388, 0.1 [...]
Hillary Clinton’s odds of winning have shortened again, as betting on the Presidential election looks set to smash the Brexit record November 8, 2016 The markets may be in stasis and Donald Trump may be muttering about the sheer expense of the whole affair – but one bookie has just quietly given Hillary Clinton the shortest odds of winning today's US Presidential election since the debates. Today Betway gave Clinton odds of 1/5, down from 2/7, the shortest price it [...]
UK industrial production fell unexpectedly in September – but manufacturing rose November 8, 2016 The UK's industrial production fell in September, despite economists expecting it to be flat – but manufacturing showed a rather rosier picture. Industrial production fell 0.4 per cent between August and September, the same fall as the month before. Year on year, the figure rose 0.3 per cent cent – although economists had hoped for a [...]
The Financial Conduct Authority has cleared RBS of forcing small firms into financial distress – but has pointed to failures in conduct November 8, 2016 It looks like RBS bosses have got what they hoped for. An investigation by the Financial Conduct Authority (FCA) has cleared Royal Bank of Scotland (RBS) of some of the most serious allegations against it – but has pointed to failures in conduct. RBS has been accused for forcing small and medium-sized firms into its [...]
RBS has set aside £400m as compensation for small business customers November 8, 2016 Beleaguered lender Royal Bank of Scotland (RBS) has set aside £400m to compensate small and medium-sized business customers after allegations of mistreatment by its Global Restructuring Group (GRG). The lender announced today it will set aside the refund fees for the scandal, in which small firms alleged they were forced into financial distress by the [...]
