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MARKET REPORT: Auto Trader races to a 21% increase in profits

The online car marketplace said operating profit was up 21 per cent compared with a year ago at £100.6m, with 58.5m visits to its sites in the six months to September 25. That puts Auto Trader's audience at around four times the size of its nearest competitor. The group had about 250m advert viewings a month, up 4 per cent from a year ago. Auto Trader also said it had seen no noticeable impact from Brexit. Shareholders are set for an interim dividend of 1.7p a share. Shares advanced 3.3 per cent, or 12.9p to 398.9p.

Last year it was ten times bigger than pre-Christmas Cyber Monday in America and dwarves this country's sales and Black Friday online deals.

Advertising sales fell 3 per cent in the nine months to September 30, and ITV said sales in its next quarter - October to the end of December - would be down 7 per cent.

Its patent on Crestor, a statin, expired this year, meaning competitors can now produce cheaper generic versions. This pushed US sales down by 82 per cent in the three months to September 30.

Wall Street already is exuberant at Donald Trump's campaign commitment to sweep away legislation designed to usher in an era of safety and consumer protection for the financial markets.

National Grid, which manages the UK's gas and electricity distribution networks, has a significant business in the US in Massachusetts, Rhode Island and New York.

Banking shares rose across the world on hopes that Donald Trump would ditch tough rules introduced after the financial crisis.

Shares in the Scottish firm plunged after it forecast that sales would be 10 per cent lower than expected in 2017.

Cautious behaviour is not a virtue widely associated with rapacious Crozier. While in charge at the FA, he was the twerp who agreed to pay Sven-Goran Erkisson £3m-a-year to manage England.

Should you invest in a VCT? Watch the Investing Show

Venture capital trusts offer generous income tax relief, tax-free dividends and the chance to strike it rich with early stage companies, yet remain something of a mystery to many investors. To find out more about what VCTs do and what they invest in, we invited Stuart Lewis, of Octopus Investments to join us on the Investing Show.

LIVE MARKET DATA & NEWS

Redrow chairman Steve Morgan said reservations over the past 19 weeks are 6 per cent ahead of the same period last year.

Opportunity knocks in times of uncertainty, and some assets, sectors and investing styles are being tipped to succeed under President Trump.

His promises of massive infrastructure spending that could lead to a building boom soothed investors' worries and the market climbed all day.

In its latest outlook, the European Commission said Britain's Brexit vote had sparked 'political and economic uncertainty' between the UK and EU, and cut its growth estimate for next year from 1.99%.

The Nottingham-based firm, best known for its credit scoring service, said the decision came after a review of its business.

Consumer spending rose by 5.5 per cent last month, the highest since Barclaycard's records began, with cinema spending at a record high of 20.9 per cent, according to the report.

The Financial Conduct Authority dismissed claims that bailed-out lender RBS sank small firms so it could seize their assets to shore up its ailing balance sheet.

Smith & Wesson, whose guns were used by real life villain Jesse James as well as Clint Eastwood in Dirty Harry (pictured), is now looking to change its name to American Outdoor Brands Corporation.

Families are increasingly better informed about energy providers, leading to an increase in those choosing to switch.

The firm, which is the largest independent regional airline in Europe, said its expansion was hit by competition for trained pilots and that it grounded planes between 2014 and 2016.

Emirates saw profit drop 75 per cent to $214million in its first half after it was hit hard by the strong US dollar and a global cutback in business travel.

The number of homes coming on to the market continued to decline last month, even while new enquiries from buyers rose by 10 per cent, Rics said.

Janet Yellen's current term ends in 2018 so Trump will have the chance to pick a new chairman. In the interim the White House will have the chance to fill two vacancies and potentially a third.

The price of gold has risen from £1,030 at midnight to £1,060 this morning as the Presidential election result became clear, before settling back to £1,050.

Chief executive Steve Rowe (pictured) - who took over from Dutchman Marc Bolland in April - has been forced to announce its biggest shake-up for years.

The company, whose brands include Davidoff, Gauloises, Lambert & Butler, Golden Virginia and Romeo Y Julieta, said it will pay investors 155.2p a share.

MARKETS COMMENT & ANALYSIS

Janet Yellen's current term ends in 2018 so Trump will have the chance to pick a new chairman. In the interim the White House will have the chance to fill two vacancies and potentially a third - the person to head the new office of banking supervision. The immediate question is what will the US central bank do next month? The uncertainty of the transition to a new, very different, presidency may now weigh on the minds of members of the interest rate-setting Open Market Committee. ...read

Instead of wittering on about the need to preserve the single market and the customs union and wearing sackcloth and ashes chief executive George Weston is gearing up Britain's food manufacturing and selling Ryvita crackers, Twinings tea and Ovaltine from Mexico to Australia. ...read

Marks & Spencer is set to close some stores. This is good news because it is a tentative sign that the group is grappling with the real strategic challenges that it - and the whole retail sector - are facing. For years the strategy of shop groups was simple: open more stores because that will increase sales and so profits will rise. ...read

The shares are 595½p and should move higher as boss Richard Harpin expands the company both here and overseas. Richard Harpin began running businesses while he was a teenager, starting out with a mail-order fly-fishing tackle venture and moving on to create Hookers, which made earrings from the same fishing kit. ...read

There are many reasons why people might be concerned about a Donald Trump victory - from his attitude to women to his endorsement last week by the Ku Klux Klan, writes ITV News economics editor NOREENA HERTZ. But what would a Trump presidency mean for the world economy? I fear we would wake up on Wednesday facing a global recession within the next 18 months. ...read

If there is a lesson from the way in which the UK economy has cantered on despite the dire predictions about the impact of Brexit, it is that people react in a common-sense way to economic changes - and thereby mitigate their impact. These tiny, sensible shifts in behaviour by millions of people will help us get through the coming months in decent economic shape, while politicians carry on with their shenanigans. ...read

MARKET DATA

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