Apple weighs on Wall Street before results – New York Report October 26, 2015 Energy shares dropped with oil prices yesterday and Apple retreated a day before its quarterly results as the Dow and the S&P 500 edged lower. The Dow Jones industrial average fell 23.65 points, or 0.13 per cent, to 17,623.05, the S&P 500 lost 3.97 points, or 0.19 per cent, to 2,071.18 – but the Nasdaq [...]
US GDP data likely to push back Fed hike – eToro Tips & Picks October 26, 2015 Global markets and investors will be focusing on the US this week, as we could get further clarity on when the first rate hike will come from the Fed. This week’s US GDP reading is expected to show that the US economy grew less than predicted, and this will more or less cement the [...]
A guaranteed minimum income is not a welfare reform silver bullet October 26, 2015 There is a growing recognition that current social welfare programmes are inadequate at best and counterproductive at worst. The debt and taxes needed to finance these programmes continues to rise, yet far too many people remain trapped in poverty. As a result, there is a growing search for alternatives. One idea drawing renewed interest [...]
EU referendum polls: Eurosceptics’ unholy alliance with the anti-EU hard left – your enemy’s enemy isn’t your friend October 26, 2015 With the Prime Minister apparently arranging panicked meetings of special advisers to aid the floundering Britain Stronger in Europe campaign, the UK’s EU referendum debate is effectively underway. Polls appear to show Brexiteers on the march. With the EU stumbling from one crisis to the next, and the poverty of positive messages emanating from Europhiles, [...]
Cyber security talent shortage: Business is struggling to keep up with sophisticated criminals October 26, 2015 Concerns about cyber security are growing in prominence, but companies and law enforcement agencies are still playing catch-up in their attempts to counter ever more sophisticated cyber criminals. While the cyber attacks on TalkTalk and Ashley Madison have made headlines around the world, the day-to-day business of protecting a company against attack goes largely unnoticed. [...]
As it receives a mauling in the House of Lords, will tax credit cuts be this government’s poll tax? October 26, 2015 Tim Farron, leader of the Liberal Democrats, says Yes The Conservative Party’s cuts to tax credits are as misguided as their attempts to bring in the poll tax. This is effectively a tax rise targeted towards millions of the lowest paid people in our country. And remember, these people are doing the right thing – [...]
City Moves for 26 October 2015 | Who’s switching jobs October 25, 2015 KPMG Catherine Grum has been appointed head of the professional services firm’s family office. She joins from Salamanca Group, where she was head of the private office. Grum has also previously worked as head of wealth advisory, for Europe, the Middle East and Africa, at Barclays Wealth & Investment Management, and for the private client [...]
Executives rank M&A last despite record activity October 25, 2015 DRIVING organic growth, not mergers and acquisitions (M&A), should be a top priority for businesses according to a poll of senior executives released today, despite a record-smashing year of deals across the globe. The survey carried out by Interim Partners found that over half (52 per cent) of executives thought that pursuing organic growth should [...]
Best of the Brokers for 26 October 2015 October 25, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com Analysts at Numis have reiterated a “hold” rating for Home Retail Group, despite interim results coming in ahead of expectations. Continuing difficulties at Argos, where profit is significantly skewed to the second half, has held the group back. Analysts said the earnings outlook [...]
Banks come to fore as sector to report results – London Report October 25, 2015 BANKING results season is upon us, with three of the big four reporting this week. And on the economic front, third-quarter GDP figures are expected to show that the economy is slowing down due to weaker construction and manufacturing output. Corporates Royal Dutch Shell and BG Group also report in with updates, as does sector [...]
