ECB warns low growth could see Eurozone asset prices fall and borrowing costs rise May 29, 2019 Weak economic growth could cause euro area asset prices to fall and borrowing costs for indebted countries to rise, the European Central Bank (ECB) has today warned, posing a major threat to the zone’s financial stability. Read more: Eurozone sees weak growth in May amid stagnant demand The ECB’s May financial stability report comes during [...]
UK banks: What to make of Lloyds, RBS and Barclays? May 29, 2019 | City Talk By Graeme Evans from interactive investor. Having underperformed since April's stock market peak, here's what to expect from the domestic lenders. With UK banks making heavy weather of Q1 results and the Brexit shackles still in place, there's a clear lack of momentum behind shares of Lloyds Banking Group (LSE:LLOY), Barclays (LSE:BARC) and The Royal [...]
Boris Johnson to face court over claims he lied in Brexit referendum campaign May 29, 2019 Boris Johnson's defence team has slammed a decision to summon him to court over claims he made in the run up to 2016's EU referendum. Johnson will appear at Crown Court to answer accusations of misconduct while in public office over his comments during the referendum that the UK sent the EU £350m per week, a [...]
UK regulators cautiously welcome EU backtrack on no-deal share trading rules May 29, 2019 UK regulators have welcomed a move by their EU counterparts to backtrack on rules that would have stopped European investors from trading shares in some of the biggest British companies in London after a no-deal Brexit. Read more: EU leaders tell UK the Brexit deal cannot be renegotiated However, the Financial Conduct Authority (FCA) said [...]
Matt Hancock breaks Tory clean campaign pledge with broadside against Boris Johnson May 29, 2019 Health secretary and Tory leadership candidate Matt Hancock has gone against a “clean campaign pledge”, lashing out in an interview with the Financial Times at Boris Johnson and his past anti-business comments. Read more: Sajid Javid declares bid to run for Tory leader Addressing Johnson’s alleged and much-criticised remark, reportedly made in June 2018, Hancock said: [...]
Twitter mocks Dominic Raab’s now infamous Tory election race video May 29, 2019 Tory leadership hopeful Dominic Raab has been roasted online for what viewers claimed was a rather awkward clip setting out his political ambitions for the UK. Read more: Tory leadership race: Who are the leading candidates? The video, filmed in Parliament Square, sees the former Brexit secretary scanning the horizon before turning dramatically to face [...]
Employers intend to hire despite confidence being at record lows, survey shows May 29, 2019 Employers’ confidence in the UK economy in May stayed close to the record low figure recorded in April, a survey has shown, as the Brexit deadlock continues to weigh on sentiment. Read more: UK wages rise again as employment rate stays at record high Confidence among bosses in making hiring and investment decisions also stayed [...]
Speaker John Bercow outlines plan to stay in post beyond the summer, dashing Brexiteer hopes May 28, 2019 John Bercow has said he expects to continue in the role of Commons speaker beyond the summer, despite expectations he would step down in the near future. Speaking after an event in Washington, he said it was not “sensible to vacate the chair” during a time of parliamentary upheaval. His comments to the Guardian are likely to [...]
EU leaders tell UK the Brexit deal cannot be renegotiated May 28, 2019 EU leaders have ruled out any renegotiation of the Brexit deal as Theresa May once again called for MPs to compromise. Arriving for her final summit in Brussels on Tuesday, numerous leaders made it clear to May the proposal which has been rejected by the UK parliament three times was the only deal on offer. Outgoing [...]
EU leaders meet to mull over potential candidates for top jobs May 28, 2019 EU leaders are meeting in Brussels today to mull potential candidates for the organisation's top jobs, including the head of the commission, currently held by Jean-Claude Junker. The EU heads meet a day after results came in for the EU parliamentary elections, in which centrist mainstream parties lost ground to smaller parties including nationalists, liberals and greens. [...]
