Brits plan on spending £700m on smart technology to protect their homes, finds Allianz Insurance October 29, 2015 Britons plan to splash out £700m on smart technology to protect their homes, with one in five people planning to invest, an Allianz Insurance study revealed today. According to Allianz Insurance’s Smart Tech Safer Homes study, forward-thinking Londoners are leading the way. Those living in the city having already spent £774 on average on smart home-protection [...]
Equities remain the best-selling asset for fifth month in a row, finds the Investment Association October 29, 2015 Equities remained the best-selling asset type for the fifth month in a row, with net retail sales of £1.1bn in September 2015, figures from the Investment Association revealed today. The September sales results for equities are up from August, when net retail sales for equities were £526m, significantly down from net retail sales in July [...]
Glencore, Anglo American and BHP Billiton share price: FTSE 100 miners are getting hammered October 29, 2015 London-listed miners took a beating today as traders digested the US Federal Reserve hints that a December rate hike could be on the card. Anglo American shed five per cent to 534.85p per share, while Glencore slid 4.9 per cent to 109.80p per share and BHP Billiton lost 4.6 per cent to 1,046.75p per share. "The Fed hint that it [...]
Blythe Masters’ Digital Asset Holdings just bought blockchain start-up Blockstack.io October 29, 2015 Blythe Masters’ Digital Asset Holdings just bought a blockchain start-up. The company announced it would be buying Blockstack.io, a cloud-based blockchain system that offers "blockchain-as-a-service" for financial players. Masters, the former JPMorgan Chase executive, confirmed the takeover today: Blockstack’s solutions will enhance the existing Digital Asset technology stack and Miron, a renowned pioneer in the [...]
Sony shares tumble despite second quarter profit from PlayStation 4 sales surge October 29, 2015 Sony's restructuring is starting to pay off as the company reported it was back in black, but shares have tumbled by as much as five per cent. The figures Profit for the three months to the end of September came in at 33.6bn yen (£182m) compared to a loss of 136bn yen in the same quarter last [...]
GoPro share price tumbles to lowest point since IPO October 29, 2015 GoPro shares have plummeted over 17 per cent since revealing sales falling short of expectations yesterday. The camera company’s share price was down to $25 in early Wall Street trading. This is just a dollar above the initial offering of $24 – and the lowest point since listing in 2014. The sell-off follows yesterday’s disappointing [...]
VW emissions scandal: Extra diesel fumes caused by Volkswagen cheat will cause early deaths, study finds October 29, 2015 The knock-on impacts of the Volkswagen emissions scandal are potentially fatal, according to a new study published in the journal Environmental Research Letters. In the US alone, an estimated 60 people will die up to 20 years prematurely because of the extra toxic pollution that has already been released by the German carmaker's cheat engines. In [...]
US economic growth slows in the third quarter October 29, 2015 US economic growth slowed sharply in the third quarter of this year as businesses scaled back investment, according to official data released today. Gross domestic product grew 1.5 per cent annually between July to September, significantly lower than 3.9 percent in the second quarter, the Commerce Department said. This was primarily due to businesses cutting back [...]
Company prospects pick up as insolvencies fall in third quarter October 29, 2015 Prospects for business are looking brighter after industry statistics revealed a drop in the number of companies collapsing into administration in the third quarter of the year. An estimated 363 companies entered administration in the last three months, a decrease of 2.4 per cent compared with the previous quarter and 5.5 per cent lower than [...]