Pre-tax profits of companies that reported annual results between July and September are down by almost 77% to £3.2 billion. The dominant mining sector in particular dragged down FTSE 100 stock profits. BHP Billiton reported a near £5 billion loss, but the smaller mid-cap companies shone. All this is revealed in Profit Watch, the latest quarterly report of earnings from The Share Centre. Nigel Cassidy spoke to Helal Miah, Investment Research Analyst at the Share Centre, to get an insight into the latest profit performance of UK plc: starting with the pressures on the earnings of large multinationals and focusing on BHP Billiton.
Trump has been clear about his views on immigration and nationalism. But what does the new US President-elect feel about the tech sector? Shares may have generally rallied on Wall Street, but those in tech firms kept falling. So, with the US being home to tech giants of Silicon Valley, is Trump trouble for tech or a potential boost for the industry? To find out more, Matt Cox spoke to tech consultant Chris Green.
The EU is reconsidering how it grants market access to overseas financial firms. It's being seen as a blow to the City of London and may potentially scupper any potential backup plans to maintain a European relationship after Brexit. No decision has been taken, but any tightening of current regulations would be a clear signal to Britain that Brussels is willing to play hardball in negotiations once the country leaves the bloc. To find out more about the potential effects on banks in the UK, Matt Cox has been speaking to Chris Justham, Relationship Manager at Seven Investment Management.
George Magnus, Senior Economic Adviser to UBS, joined Share Radio to talk about the US Election result. And his message is: brace yourselves! After the initial sell off, the trading world's reaction to the election of Donald Trump has been far from the market bloodbath many forecast. But George says the liberal global order represented by US-led institutions such as the UN, the IMF, the World Bank and the World Trade Organisation is hanging in the balance.
Donald Trump may be about to become the 45th president of the US, but there have been many more Lord Mayors of London. The 689th is about to take over the Mansion House in the City. He is Andrew Parmley, who will be the new ambassador for the City of London which provides local government and policing services in the square mile. He joined Share Radio Breakfast to discuss the new role.
Its China's Singles Day, also known as "bare sticks holiday". What began as an antidote to Valentine's Day has now become a spending fest, with Chinese consumers shelling out almost £6bn online last year. Matthew Crabbe is Director of Research in the Asia Pacific region for industry researchers Mintel. He told Share Radio that this year's singles day promises to put Black Friday in the shade.
Calls for South Korean president Park Geun-Hye to quit are growing. Mrs Park is accused of being part of a shadowy cult to which she passed classified information forcing major conglomerates to funnel billions of won to foundations run by her friend and former aide. The allegations have come at a bad time for Asia's fourth largest economy which is trying to reassure investors that growth remains on track following a slump in exports. Robert Van Egghen reports.
Consumers have spoke out against Toblerone and parent company Mondelez after they announced they would be changing its distinctive triangular chocolate chunks to combat rising costs. Share Radio's Matt Cox spoke to John Bradley, a former Marketing chief at Cadbury and author of the book "Cadbury's Purple Reign: The Story Behind Chocolate's Best-Loved Brand", to discuss why a company might be tempted to meddle with its brand.
Allyson Stewart-Allen, CEO at International Marketing Partners and author of Working with Americans, joined Share Radio to share her view of a damaged "Brand USA", following Trump's election. She said that the only individual who can fix the image of the country is the occupant of the White House, and she had few tips for him.
Professor Peter Rupert, Department of Economics at the University of California, Santa Barbara, & former Senior Economic Advisor at the Federal Reserve Bank, joined Share Radio to discuss economic surprises, moves, and events on Trump's first day as President-elect.