New president, no precedents

There are few clues as to what Donald Trump’s US election victory really means. But a seminar in London this week provided food for thought.

“It was a shock to me, and also to the world,” said Yann Magnan, European valuation services leader at Duff & Phelps in London. He was speaking at a seminar held by the firm at London’s Shard with Donald Trump’s election triumph still fresh, and was reflecting on the moment when his wife shook him from his slumber as the news broke.