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 [...]
Gatwick Airport and Cathay Pacific subsidise flights for British small business trade mission to China November 9, 2016 Gatwick Airport is subsidising a new trade mission to China, along with its newest airline Hong Kong carrier Cathay Pacific. 25 British fledgling brands are off to Hong Kong today for a week-long trade mission organised by Enterprise Nation, and their flights are being subsidised by by Gatwick and Cathay Pacific. It comes as new figures show more [...]
Valeant shares slump as full-year guidance is slashed and losses mount November 8, 2016 Shares in Valeant – the embattled Canadian pharma giant that has struggled under problems with its business model and a high profile accounting scandal this year – have slumped in the pre-market. Valeant revealed this morning a big loss for the third quarter and cut its full year sales and earnings guidance – despite things looking up when it [...]
Opinion: Berlin estate agent says there’s been a sharp increase in Brits buying post-Brexit November 8, 2016 The UK’s referendum decision to leave the EU sent a shockwave across the entire world, which has been illustrated by the mini-crash of the pound since the result was announced. In terms of the wider fallouts and effects of the UK’s departure, we must continue to wait and see how the UK aligns and positions [...]
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 [...]