Gold gains for second day as nervous investors rush into the safe-haven June 27, 2016 Gold surged for a second day as nervous investors sought refuge from a storm rippling through financial markets following the UK's vote to leave the European Union. Spot gold swelled 0.76 per cent to $1,325.70 an ounce this morning, while US gold added 0.55 per cent to $1,329.70. The precious metal has risen nearly 25 per cent [...]
EU referendum: Depending on your calculations, the UK economy could be smaller than France’s June 27, 2016 The UK economy isn't looking in too fine a shape right about now, with the financial markets reeling in the aftermath of the vote to Leave the European Union. One notion that seems to have gained a bit of traction is that the UK's economy is no longer the world's fifth largest, having been overtaken by [...]
Virgin founder Richard Branson is urging voters to sign a petition calling for a second referendum into the UK’s EU membership June 27, 2016 Virgin founder Sir Richard Branson is urging Brits to sign a petition calling for a second referendum into EU membership. Branson, who campaigned for a Remain vote, said many voters had been misled by the Leave campaign which won on Friday morning, and should sign the controversial petition, which demands a new vote. Writing on [...]
Stock markets calm at the open but sterling still suffering June 27, 2016 Stock markets have opened relatively calmly this morning as traders hold their nerve over the fallout from the EU referendum. The FTSE 100 was down just 0.5 per cent at 6,111.36. Just one hour before trading started the index was expected to tumble by around three per cent. The FTSE 250, generally considered a better indicator of [...]
Britain needs a liberal post-referendum plan June 27, 2016 Does the country feel different to you? Do you feel it stands a little taller in the world or has it already shrunk in status? Whatever your perspective on the referendum result, Britain now finds itself at an historic and unprecedented juncture. First and foremost, the outcome of this vote must be accepted as the democratic [...]
Week ahead: Markets set to feel the Brexit burn as uncertainty reigns June 27, 2016 The spotlight will this week continue to be firmly on the implications of the UK’s shock decision to quit the European Union. Markets are expected to be on post-Brexit watch, with twitchy traders nervous over potential volatility. After the vote on Thursday the FTSE 100 dived more than eight per cent at the open on Friday [...]
IP-no, not yet: Businesses may be putting flotation plans on hold after Brexit vote June 27, 2016 Companies are expected to put flotation plans on hold after the UK voted for Brexit, according to a report out today. Accountancy firm EY expects activity on London’s initial public offerings (IPO) market to come to a near-standstill after the UK voted to leave the EU. Read more: What Brexit means for the UK's IPO [...]
EU referendum: London Chamber of Commerce renews calls for London business visa June 26, 2016 London needs to make it easier for foreign skilled workers to come to the capital, the London Chamber of Commerce and Industry has warned. Last week’s vote for the UK to quit the European Union means London will struggle to remain competitive with European cities, the business group’s chief executive Colin Stanbridge told City PM The [...]
The Bank of England could cut its rates after vote for Brexit, according to Bank of America Merrill Lynch as it warns of imminent recession June 26, 2016 The Bank of England could be about to cut interest rates following the vote for the UK to quit the European Union. Experts at some of the world’s biggest banks have lined up say they’re expecting the Bank to ease further over rates at its next monetary policy meeting in July, and potentially restart quantitative easing [...]
George Osborne to break Brexit silence and try to reassure UK on economy June 26, 2016 George Osborne is to break his post-EU referendum silence on Monday morning. The chancellor will seek to provide reassurance about financial and economic stability following the UK’s vote for a Brexit. Read more: This is the end of Cameron and Osborne, says Danny Blanchflower Along with Prime Minister David Cameron, who announced his resignation on [...]
