7 October 2019 - 13 October 2019

9th October 2019
US China Trade War

Back to Basics: US-China Trade War

Let me bring you up to speed on the trade war so far. Trump, unhappy with the US’s trading relationship with China, decided to impose a series of tariffs on an increasing number of Chinese imports. In turn, China has responded with its own set of retaliatory tariffs. This tit-for-tat escalation of tariffs is what we call a trade war. China has long been criticised for unfair market […]
9th October 2019
Listings

UK Listings at a Ten-Year Low

The ongoing political turmoil in the UK has ensnared another victim, the London listing market, which has suffered its quietest quarter in a decade. Between July and September of 2019, EY has stated that only four companies launched initial public offerings compared to the previous quarter which had 15 listings. It is said that companies are mindful of Brexit as well as the potential for a UK election, […]
9th October 2019
London Stock Exchange

London Stock Exchange Delistings

A few weeks ago, Shore Capital, a London stockbroker chose to delist from AIM, a sub-market of the London Stock Exchange for smaller, fast growing companies, after 20 years as a listed company. The firm said lack of trading volume on its London listing have left the company undervalued and the cost of being on AIM now outweighed the benefits. Shore is one of many small and midsized […]
9th October 2019
Libra

Paypal’s Exit From Libra

Last week, PayPal became the first company to exit from the Libra Association, the 28-member non-profit organisation established in June to oversee the cryptocurrency project. The reason behind the exit was due to two concerns. Firstly, the increasing regulatory scrutiny, and the lack of attention Facebook executives have paid to this considerable backlash. Secondly, how the Libra platform will combat money laundering activity. Despite this concern, Facebook’s CEO […]
9th October 2019
Shares

US Discussions to Delist Chinese Stocks

Last week, it was reported that the US are considering delisting Chinese companies from US stock exchanges. This comes after US lawmakers put forward a bill which would force Chinese companies to comply with US stock exchange regulations or be delisted in June. As of February, 156 Chinese companies were listed on the major US exchanges, with a total market capital of $1.2 trillion. Chinese law currently shields […]
9th October 2019

John Lewis Partnership Outlines Restructure

Last month, John Lewis Partnership – which owns and operates John Lewis and Waitrose – announced its first ever half-year loss. Sales are down 2.1% so far this year at John Lewis stores and 0.7% at Waitrose supermarkets. To try to tackle this deteriorating trading environment, the group recently announced a senior management restructure and a business consolidation plan that will combine the running of John Lewis and […]

30 September 2019 - 6 October 2019

2nd October 2019
India tax cut

India’s Corporate Tax Cut

On 20th September, India made a historic reform to its economy by cutting its corporate tax rate from 30% to 22%. For some of the new manufacturing firms, the rate will be lowered from 25% to 15%. This is in response to the economic slowdown the country is currently facing. In the first quarter of this year, India’s GDP growth fell to 5.8%, which was a five-year low, […]
2nd October 2019
Cyber Security

Back to Basics: Cyber Security for Law Firms

Law firms are attractive targets for hackers. They may have access to a company’s most valuable information, such as trade secrets, intellectual property and sensitive client information. They also serve as an intermediary when large sums of money are being transferred between parties. Growing use of technology means the consequences of cyber attacks become more damaging. Information can be accessed from anywhere in the world and hackers are […]
2nd October 2019

Novartis Pairs Up with Microsoft for AI Drug Development

Novartis and Microsoft have announced that they have joined forces under a five-year agreement with the hope of using artificial intelligence to alleviate some of the greatest problems in the pharmaceutical industry. Novartis hopes to have AI systems enhancing all aspects of its business from financing to development and from manufacturing to sales. On average, it takes around 14 years from the discovery and development of a new […]