Daily Mail and General Trust : DMGT Weekly, 23-27 January

27.01.17

DMGT announced a resilient performance with underlying revenue in line with last year in its Q1 Trading Update, Searchflow is introducing Omnibox and EDR is announcing the appointment of John Amirsakis as Vice President of Sales and Marketing.

DMGT

In its Trading Update released today, DMGT announced a resilient performance with underlying revenue in line with last year. Its B2B businesses saw underlying revenue growth of 1% whilst its consumer business, dmg media, saw an underlying revenue decline of 1%, a good performance despite challenging market conditions. The Full Year revenue and profit outlook remains unchanged, other than dmg information's underlying revenue growth rate is now expected to be in the mid-single digits.

Read the full update at dmgt.com

RMS

A report by the Brattle Group based on data provided by RMS is revealing that coastal cities, particularly in the Gulf states of the USA, would see significant insurance rate increases if legislation taxing foreign reinsurance holdings is passed. The study, sponsored by several offshore insurers opposed to the tax, ran the RMS data on selected contributions from a number of American states to the total risk that the USA faces from homeowner and commercial coverage.

Read the full article on riskmarketnews.com

DMG INFORMATION

Mary Dhonau OBE, Chief Executive of the Know Your Flood Risk campaign, which is supported by Landmark Information, is urging the Government to 'toughen up on building regulations' so that flood resilient measures are automatically included in all new-build properties that are deemed to be within a flood risk zone. Having reviewed data analysis from Landmark Information, Mary Dhonau comments: 'It is clear that there are hundreds of planning applications submitted each year that fall into designated flood risk zones, and these stats don't even take into account groundwater or surface water risks.'

Read the full story on landmark.co.uk

Following President Trump's invitation to TransCanada to resubmit its application to build and operate the Keystone XL pipeline, designed to transport up to 830,000 barrels of crude a day, Mike Walls, crude oil analyst at Genscape, has commented: 'You're going to see a lot more barrels going down from Canada to Cushing via XL, where now much of that is routed from Canada to Chicago and then down to Cushing and the Gulf Coast.'

Read the full article on newsok.com

In partnership with DUAL Asset Underwriting, Millar & Bryce, a dmgi company, is unveiling a brand new online comparison site, an easy-to-use online portal that provides residential quotes and policies for title defects affecting client property transactions. Millar & Bryce is holding events in Edinburgh, Glasgow and Aberdeen between 13 and 15 February to demonstrate the new portal.

Read the full story on millar-bryce.com

EDR is announcing the appointment of John Amirsakis as Vice President of Sales and Marketing, reporting to Dean Graves, who was recently promoted to the position of Chief Commercial Officer. EDR CEO Chris Aronson commented: 'John's experience and leadership will serve us well to further our mission to have closer engagement with our customers, ensuring that we provide the best workflow, data and tools available to the property due diligence industry.'

Read the full article on prweb.com

Standard Examiner reports that lenders are becoming much more selective about commercial property loans in cities such as New York as a $90bn wave of maturing commercial mortgages dating from the 2007 lending boom exposes weaknesses in the real estate sector. Trepp MD Manus Clancy comments on the post-2007 reaction: 'At the depths of the panic, it was just that: panic. That made people's future expectations extremely bearish. Extremely low interest rates over the last four or five years have forgiven a lot of sins.'

Read the full article on standard.net

LNG exporters in the USA are reportedly shifting their focus from Asia to southern Europe as a combination of factors including the cold weather and supply problems in Algeria drives gas prices up in Europe. Ted Michael, an LNG analyst with Genscape, has suggested that the flow will likely slow up in March when the winter comes to an end.

Read the full article on reuters.com

David Sheppard at the Financial Times reported that rapid increases in LNG supplies could flood the market for the next three years. Genscape LNG analyst Ted Michael believes that LNG vessels can be used to store excess production. This summary from the Financial Times was produced by the Gorkana Group.

Read the full article on ft.com (Subscription required)

dmgi-owned Searchflow is introducing Omnibox, an intuitive property search bar that allows clients to quickly and easily perform Google-style searches for land and property using industry-leading data services, including Land Registry and Ordnance Survey data. Carole Marsden, UK Sales Director, explained that the new service has been developed with the help of regular customer focus groups 'to understand how we can help to streamline and improve the conveyancing process.'

Read the full story on searchflow.co.uk

DMG EVENTS

Cairo is hosting the EGYPS Women in Energy Conference on Thursday 16 February 2017, as part of the dmg events-organised Egypt Petroleum Show, running from 14-16 February at the Cairo International Convention Centre. Claire Pallen, EGYPS 2017 Conference Director and dmg events Energy Sector Manager, said the conference would incorporate eight sessions aimed at 'motivating more female participation to close the gender disparity within the industry.'

Read the full story on egyps.com

In LNG World Shipping, the official shipping publication for Gastech 2017, Andrew Clifton, General Manager, Society of International Gas Tanker and Terminal Operators, is reflecting on the first five decades of LNG in Japan, the first LNG shipment having arrived in the country in 1969. It is fitting, Clifton says, that the industry will be converging on the city of Tokyo for Gastech 2017.

Read the full article on lngworldshipping.com

JVS AND ASSOCIATES

Dhaval Joshi, an economist with Euromoney-owned BCA Research, is commenting on the impact of AI on jobs within the service sector, in an article discussing the divergent opinions on the future of global capitalism. Joshi explains that the kind of problems easy for AI involve complex manipulation of large amounts of data, 'such as calculating a credit score or insurance premium, translating a report from English to Mandarin Chinese, or managing a stock portfolio.'

Read the full article on theguardian.com

Abu Dhabi Commercial Bank is celebrating winning the Euromoney Award for 'Five Star Cash Manager', being recognised for its efforts in maintaining an excellent level of cash management for its customers. Isaac P Thomas, Head of Transaction Banking, commented: 'We are deeply honoured to have been awarded the prestigious 'Five Star Cash Manager' Award by Euromoney.' Less than 10 other global banks have won the Euromoney award.

Read the full article on albawaba.com

The Telegraph is profiling some of the entrepreneurs on the latest Debrett's 500 list, including Zoopla CEO Alex Chesterman, who is noted to have built Zoopla into the second largest property website in the UK, with sales rising by more than 80% in the last year despite a shaky post-Brexit market. Chesterman has also diversified the company's offerings through acquisitions including Property Software Group and uSwitch, as he looks to overtake main rival Rightmove.

Read the full article on telegraph.co.uk