Theresa May is to promise an “unashamedly pro-business” government November 14, 2016 Prime minister Theresa May will today vow to lead an “unashamedly pro-business” government, while also vowing to crackdown on bosses that “game the system”. Speaking at the Lord Mayor's Banquet at the Guildhall tonight, May is expected to stress her desire to make the UK an attractive destination for businesses to invest after Brexit. Citing the [...]
Hotly-tipped London startup Yubl has collapsed into administration November 11, 2016 One of London's most hotly-tipped startups, Yubl, has collapsed into administration with the loss of more than 50 jobs, City A.M. understands. In August City A.M. reported the social messaging app was aiming to raise up to £20m in venture capital as it eyed a move into Europe. The company, which has been tipped as the "UK's answer [...]
American Pastoral review: The American Dream dissolves into a bleak nightmare in this all too relevant film November 10, 2016 A film exploring the frailties of the American Dream couldn’t be more relevant, yet there’s little that rings true in this adaptation of Philip Roth’s Pulitzer Prize-winning novel about the generational shifts in post-war American politics. The novel occupies a profound place in the US literary canon, so it seems an odd vehicle for Ewan [...]
Hikma Pharmaceuticals has cut its full year sales guidance from its US generics business November 10, 2016 FTSE 100 pharma firm Hikma has cut its full-year sales guidance for its US generics business to roughly $600m, against earlier analyst forecasts of $655m. Shares in the company have dipped in London, falling by some four per cent so far today. The numbers Hikma now expect generics revenue to be around $600m for the full year, though [...]
Edinburgh’s quality of life key to attracting talent from across the globe November 10, 2016 They say home is where the heart is: where we feel comfortable, safe and free to explore our interests and dreams. Home can be four walls and a roof, a familiar serene landscape or a vibrant city. Home is good for the soul, but interestingly, recent research has also begun to explore the strong correlation [...]
Astrazeneca profits slide after increased competition, but warns on Trump victory November 10, 2016 AstraZeneca posted weak quarterly profits this morning, but big pharma companies are expected to benefit from a Trump presidency. The drugs giant said operating profit was down 29 per cent to $1bn but has pinned its hopes on new cancer treatments next year. The results Revenue in the last quarter declined four per cent [...]
Fintech brokerage startup set up by footballer Ryan Bertrand announces £1m seed funding November 10, 2016 It’s a big week for England footballer Ryan Bertrand. Not only will he be fighting for his place in the Scotland match on Friday, his brokerage startup is also announcing it has raised £1m in seed funding. Pacific & Orient Berhad, a Malaysian-listed company with a UK subsidiary, led the funding round, supplemented by angel [...]
“We are heading into a world of unprecedented political risk”: Seven investors react to Donald Trump’s victory November 9, 2016 In a poll last week, 80 per cent of financial advisers predicted a Donald Trump victory in the US election would have a negative impact on investments. Just four per cent of the 202 UK independent financial advisers surveyed by Opinium Research said it would be positive. With that in mind, here are the early [...]
US Presidential Election 2016: The market says a Fed rate hike is now firmly off the table after Trump’s win November 9, 2016 Before today the US Federal Reserve was on the cusp of hiking interest rates for just the second time since the 2008 financial crisis. Following Trump's shock win last night the chances of that happening are quickly evaporating. Early indications show a revision of a likely rate hike from 80 per cent down to 50 per cent. Analysts [...]
Sainsbury’s like-for-like sales fell for its first half, but statutory profit is up November 9, 2016 Sainsbury's like-for-like sales excluding fuel fell by one per cent in the its first half as the supermarket faces an uphill struggle to entice customers through its doors. The company eked out more profit however. Sainsbury's share fell at the open, ditching almost five per cent after it warned second half underlying profit is expected [...]