Hunger Games production firm Lionsgate posts $42m loss for the third quarter November 9, 2015 Lionsgate, the company that produced the Hunger Games, American Pscycho and the gruesome Saw series, recorded a loss of $42.1m (£27.9m) in the three months to September. The company posted a profit of $20.8m during the same period a year ago. However, the firm expects a twist in the tale with Orange is the New Black and the [...]
Portugal’s government is likely to recieve a vote of no confidence – here’s what you need to know November 9, 2015 The Portuguese Prime Minister and his minority coalition government face a major confidence vote in parliament today. Here's what you need to know: The Prime Minister is likely to lose The centre-right coalition has the most seats in parliament but does not have a majority. After October's election, the PSD, the People’s Party and Portugal Ahead held 107 [...]
Russia’s insurers are too driven by the motor market – S&P Emerging Market Insurance Forum November 9, 2015 Russia's insurance industry is overly dependent on motoring, creating problems as the market goes into decline, according to research from Standard & Poor's (S&P). At an emerging market forum hosted by the ratings agency this evening, the audience were told that motor hull was responsible for 22 per cent of insurance premiums in 2014, more than [...]
Insurers to announce Indian investment plans during Narendra Modi’s UK Visit November 9, 2015 A number of insurers will announce this week that they are planning to pour money into Indian investments. The announcement will coincide with Indian Prime Minister Narendra Modi’s visit to the UK. Aviva, Bupa, Lloyd’s of London, Standard Life and Willis will confirm collect plans to put money into Indian joint ventures and partnerships, Sky [...]
Equities may not survive aggressive dollar – eToro Tips & Picks November 9, 2015 There is only one place to start this week, and that’s the jobs report. Given all the attention on last week’s stellar non-farm payroll report, however, many have overlooked the average earnings reading, despite it being far more important at this point in time. It now looks likely that Janet Yellen will increase interest [...]
E.on slapped with £7m fine over failure to supply customers with smart meters November 9, 2015 Utility giant E.on will be fined £7m by the Gas and Electricity Markets Authority for failing to supply its business customers with smart meters. The Big Six supplier has agreed to pay the fine to the Carbon Trust for missing an April deadline to ensure 20,000 of its eligible business users had access to the energy-saving [...]
Greece has until the end of the week to meet bank recapitalisation requirements, says Eurogroup president Jeroen Dijsselbloem November 9, 2015 Eurozone finance ministers have given Greece until the end of the week to make the necessary reforms needed to complete its bank bailout. Europe has put £10bn aside for Greece but Jeroen Dijsselbloem, head of the Eurogroup of Eurozone finance ministers, said after a meeting of finance ministers in Brussels that "the agreed conditionalities need to be met". [...]
Tinder, OKCupid and PlentyofFish owner Match Group seeks valuation of $3.8bn in stock market float November 9, 2015 Match Group, the owner of dating sites Match and OK Cupid as well as dating app Tinder, is seeking a valuation of as much as $3.8bn (£2.5m) in its initial public offering. The group plans to sell 14 per cent of the company in 33.3m shares at a price between $12 and $14, meaning it could [...]
Financial Stability Board unveils $1.19 trillion plan to prevent “too big to fail” November 9, 2015 The world's biggest banks could be forced to issue as much as $1.19 trillion (£790bn) in bonds by 2022 under new regulations set out earlier today. The Financial Stability Board (FSB), which was set up by the G20 after the financial crisis to coordinate regulation across the group’s economies, published the new rules for the [...]
At the close: FTSE 100 taken lower by Glencore and InterContinental Hotels Group November 9, 2015 The FTSE 100 ended Monday's trading session lower, taken down by utility and mining companies as well as InterContinental Hotels Group. The blue chip share index closed 0.92 per cent lower at 6,295. InterContinental Hotels Group, one of the world's largest hoteliers, saw its share price fall 4.83 per cent during the day to 2,640p per share, [...]
