Fintech Lookahead 2016: The disruptors you should be looking out for November 19, 2015 What can we expect to see from the fintech industry over the coming year? And what kinds of companies are leading the charge? In its 2015 Global Banking Annual Review, McKinsey said that “banks are under attack from new technology companies and others seeking to poach their customers. To date, banks’ losses to attackers have [...]
SMMT: UK car manufacturing hits 10-year-high as car makers keep the pedal to the metal November 19, 2015 Car manufacturing in the UK has hit highs not see for a decade, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT). From the beginning of the year through to the end of October, production volumes were recorded to be at their highest levels since 2005, with 36,000 more units made this [...]
FTSE 100 investors remain bullish on UK defence – London Report November 18, 2015 News yesterday that UK consumer price inflation remained in negative figures for the second straight month – largely due to falls in food and fuel prices – pushed the FTSE up. The blue-chip index rose by 122.4 points, or 1.99 per cent, to close at 6268.7 pushing up the combined value of UK listed companies by [...]
Sharm el-Sheikh crash: Metrojet A321 flight 7K9268 was brought down by bomb, Russian President Vladimir Putin admits November 17, 2015 Russia has offered a $50m reward for information that helps catch the culprits behind the bombing of Metrojet A321 flight 7K9268, having finally acknowledged it was an act of terror. Alexander Bortnikov, director of the security service FSB, said an improvised explosive device weighing up to 1.5kg went off on board the plane, bringing it down [...]
Paris attacks: Islamic State planning deadly cyber attacks, chancellor George Osborne will say November 17, 2015 Terrorist organisation Islamic State (IS) is trying to develop capabilities to launch deadly cyber-attacks on the UK, chancellor George Osborne is expected to say today. The chancellor will speak today, days after the group launched a series of attacks on Paris, killing 132 people. Today he will announce the UK's investment in fighting cybercrime will double to [...]
Paris attacks 2015: Anonymous declares “total war” on Islamic State in chilling video November 16, 2015 Anonymous has declared “total war” on the Islamic State (IS), following the terror attacks in Paris that left 132 dead and hundreds more injured. The group have announced their "biggest operation ever", first on Twitter, where Anonymous announced that they’re “also better hackers” than IS. https://twitter.com/GroupAnon/status/665956057005559808 The announcement was followed up by a Youtube video [...]
Paris attacks: France is at war and will intensify attacks in Syria with the EU, US and Russia, French President Francois Hollande tells parliament November 16, 2015 French President Francois Hollande has told the country's parliament that France "is at war", as he laid out his intentions to coordinate with the EU, US and Russia to raise their assault on the Islamic State (Daesh). In one of the most important speeches of his career he said "the need destroy Daesh concerns the whole international community" and [...]
Eurozone recovery unlikely to be derailed by Paris attacks, but long-run growth will depend on political responses, say economists November 16, 2015 The attacks in Paris are unlikely to derail the economic recovery in France and the Eurozone, economists have said, but equities could be hit this week and the longer-term economic outlook is clouded by possible political decisions. "It is obviously likely to significantly hit the Paris economy in the near term, and there could also be a knock-on [...]
Finance executives feel UK business outlook is bleak, and confidence is low across Europe in general November 16, 2015 More than a quarter (29 per cent) of UK chief financial officers (CFOs) feel less optimistic about the financial prospects of their business than they did three months ago, according to a Deloitte report released today. Of the UK CFOs questioned for Deloitte’s latest European CFO Survey, which surveyed a total of 1,298 CFOs across [...]
Investors starting to warm to emerging markets again November 16, 2015 Attitudes towards investing in emerging markets have improved markedly over the last month, according to survey figures published today by one of the UK’s biggest lenders. Lloyds Bank’s investor sentiment index for emerging market shares climbed 8.47 points to a score of 5.32. The score was derived from a survey of 4,500 people. However, sentiment [...]