Healthcare sinks Wall St but Intel rises – New York Report November 19, 2015 FALLING healthcare stocks offset gains in Intel and other technology names yesterday while investors eyed an expected rate hike in December. The Dow Jones industrial average closed 0.02 per cent weaker at 17,732.75 points while the S&P 500 lost 0.11 per cent to 2,081.24. The Nasdaq Composite edged 0.03 per cent lower to 5,073.64. A [...]
What slowdown? JP Morgan says Asian companies like Tata and Nikkei will drive global M&A boom in the quest for long-term growth November 19, 2015 The good times look here to stay for the global M&A market, as 88 per cent of Asian companies say mergers and acquisitions are vital to their growth strategy, according to a market report from JP Morgan. Over the last 12 months, deal volumes in the Asia Pacific region have grown 61 per cent $1.05 [...]
What’s going to happen to the economy in 2016? From persistently low oil prices to improved global growth, here are Goldman Sachs’ top 10 market themes November 19, 2015 Economists at Goldman Sachs have just released what they believe will be the 10 biggest economic themes of 2016. Here they are: 1. Global growth, more stable than it looks. The Goldman economists believe global growth is bottoming out this year at 3.2 per cent and expect it to accelerate to 3.6 per cent next year. [...]
Alarm bells sound for global growth: What does it mean for investors? November 19, 2015 The state of the world economy is spooking analysts. In October, the IMF downgraded its global growth forecast for 2015 to 3.1 per cent, from the 3.3 per cent it predicted in July. Last week, the OECD added to the gloom, trimming its 2015 forecast for world output growth to 2.9 per cent on the [...]
Locked & loaded: Is buying a gun a good investment? November 19, 2015 Is a gun a good investment? “Only if it’s in tip-top condition,” says Giles Marriott, who runs the eponymous family dealer business. “The condition needs to be impeccable, and it must be from one of the best makers. Take a bet on a second-rate gun, and you’re playing a dangerous game.” If you know what [...]
London drivers pay over £119m a year in traffic fines caught on CCTV November 19, 2015 London councils are raking in over £119m a year from traffic violations caught on CCTV, with motorists in the capital contributing 65 per cent of money made from traffic violations across the UK. According to Freedom of Information data from price comparison site confused.com, Ealing Council made the most revenue at £3m with the London Borough [...]
Flood Re secures £1.29bn in first phase of reinsurance tender process, putting it on track to accept first policy in April 2016 November 18, 2015 Flood Re, a reinsurance body aimed at limiting the cost of flood insurance for high-risk households, has secured £1.29bn in phase one of its reinsurance tender process, it was announced today. This figure means the project is on track to secure £2.1bn by early 2016, allowing it to accept its first policy in April 2016. “Flood [...]
Hastings Group Holdings brings home revenue of £350.2m for third quarter results, as customer numbers also boosted November 18, 2015 Hastings Group Holdings revealed this morning that it had racked up net revenue of £350.2m for the nine months to 30 September 2015, up 19 per cent compared to £295.4m for the same period last year. The insurers, who listed on the London Stock Exchange in October, also saw an increase in live customer policies, rising [...]
Engineers are urging the UK government to speed up in a space race worth up to £40bn November 18, 2015 The value of the British space industry could rocket to £40bn in the next 15 years, creating 100,000 new jobs in the process, but the government risks holding the sector back with restrictive regulations and insufficient investment, a report out today has warned. The UK's booming space sector is currently growing by around nine per cent year-on-year [...]
2030: A British space odyssey November 18, 2015 THE VALUE of the British space industry has the potential to rocket to £40bn in 15 years, creating 100,000 new jobs in the process, but the government risks holding the sector back with restrictive regulations and insufficient investment, a report out today has warned. The UK's booming space sector is currently growing by around nine [...]