#StrategyBites – Business news for the week ending November 19th 2016

By: William Buist on : 19th November 2016: Business News, Business articles: No Comments

Business Indices

Market Start of Week End of Week Change %age
FTSE100 6,730.43 6,775.77 45.32 0.673%
DJIA 18,847.56 18,867.93 20.37 0.108%
£->€ 1.1608 1.1659 0.0051 0.439%
£->$ 1.2601 1.2348 -0.0253 2.008%

The sharp fall in the dollar last week reversed in part this, otherwise a pretty quiet week.

Secret inflation?

After the furore of Unilever raising the price of Marmite and Toblerone losing a peak or two to reduce weight without having to pay for all new packaging, it seem other bagged chocolate has been shrinking. Malteser bags have reduced from 121 to 103 grammes. (Source: BBC Newsbeat).

Connected Cars.

This week electronics giant Samsung spent $8bn buying car accessory company, Harman. It puts them into further direct competition with Apple who is also working hard in this space, with connecting cars to technology as we move to a technologically enhanced world that may lead ultimately to fully autonomous vehicles. In the meantime though there is a massive market to play for. Harman is known best for audio systems but it’s making big advances in advanced driver aids using technology. There’s much to watch in this sector. (Source: Forbes)

Foolish moment of the Week:

The Canadian parliament got itself in a pickle over someone using the word ‘fart’ – I suspect there may be more important things to deal with in Canada given the impending change in leadership in the USA and the threat to NAFTA (Source: Mashable)

 



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