Kathleen Brooks, the research director at City Index Direct, said: "Either markets are becoming immune to political risk, or they are taking the view that the Italian issue will be a slow-burner - even if the president can't form a government, he still has 70 days to try".
Mr Bailey said the FCA planned to consult next year on new rules to address the problems it had found. 'Based on our findings to date, we believe it is necessary to strengthen investor protection in a number of areas. The FCA's current rules came into force in April 2014. This would also include tougher rules around how much information platforms must give to investors and what kinds of marketing or promotions they're allowed to run.
The UK is one of four countries accused of issuing approvals for VW Group cars and not applying national provisions or penalties, despite the company's use of illegal software. European consumer lobby BEUC praised the action by the EU, however, stating not enough had been done to protect EU citizens. But the Commission lacks the authority to fight Volkswagen.
The consensus estimates had called for $0.16 in EPS and revenue of $532.5 million. During last 5 trades the stock sticks nearly 10.86%. Restoration Hardware's stock dove on Thursday after the home furnishings store lowered its guidance, blaming the election and the delayed delivery of its big catalogs.
For May, sticking to her timetable is crucial, and forcing parliament to approve her plan reduces the impact of a legal case over whether the government needs parliament's assent to invoke Article 50 rather than just a cabinet decision. Senior lawyers also spoke today as to whether ministers in Westminster may trigger article 50 without consulting the Scottish Parliament or Northern Ireland Assembly.
The bank will make no statement or update to its forecast in conjunction with the Wednesday announcement. The divergence in monetary policy between the two economies looked set to play out over 2016. "For Canada, this is likely to translate into a firmer year for growth in 2017 and will likely result in the Bank maintaining the overnight rate at 0.5 per cent throughout the year".