Royal Bank of Scotland undone by Brexit May 6, 2019 | City Talk By Graeme Evans from interactive investor. These were a 'noisy' set of Q1 results from RBS, but probably look 'worse than the reality'. Back in the dividend-paying ranks and with shares up by as much as 25 per cent in 2019, The Royal Bank of Scotland (LSE:RBS) provided investors with a reality check as the state-backed lender [...]
John McDonnell says Prime Minister Theresa May ‘cannot be trusted’ after leaks May 5, 2019 Labour has claimed Theresa May has broken the terms of confidential cross party talks on a Brexit compromise and can no longer be trusted. Read more: May calls on Labour to 'put differences aside' on Brexit Shadow chancellor John McDonnell said this morning the Prime Minister had “blown the confidentiality” after details of the negotiations [...]
Warren Buffett wants to make ‘very large acquisition’ in UK despite Brexit May 5, 2019 Warren Buffett has made clear his intentions to make a “very large acquisition” in Britain, despite the cloud of economic uncertainty from Brexit negotiations showing little sign of lifting. Read more: Warren Buffett backs Anadarko bid with $10bn Occidental investment The veteran US investor said he would like to make more of a name for [...]
May calls on Labour to ‘put differences aside’ to clinch cross-party Brexit deal May 5, 2019 Theresa May has urged opposition leader Jeremy Corbyn to help her “break the deadlock” on Brexit by putting their disagreements to one side. Read more: Brexit bites: Tories and Labour suffer local election backlash Britain was supposed to leave the EU on 29 March, but the deadline has now been extended to 31 October after [...]
Conservatives suffer huge blow in local elections as Theresa May and Jeremy Corbyn vow to break Brexit deadlock May 4, 2019 With the results from all 248 councils in, the already significant losses suffered by both the Conservatives and Labour worsened and resulted in respective leaders Theresa May and Jeremy Corbyn reaffirming their commitment to break the Brexit deadlock. The Tory party lost more than 1,334 councillor seats, as well as the control of 49 councils throughout the UK. [...]
The man who would be king: Why adland’s El Presidente has ‘zero fear’ of getting fired May 4, 2019 Looking back, Eduardo Maruri is glad he didn’t run for president. The Ecuadorian, now 52 years old, claims he had a good chance of being elected in his home country, but ultimately did not feel he was in a position to pull off the role. “You’re only president once, so you have to make sure [...]
Theresa May heckled at Tory party conference after “very difficult” local election results May 3, 2019 Theresa May was heckled by a member of the Conservative Party as she addressed those present at the Welsh Conservative conference in the aftermatch of a disastrous night at the polls. Former Tory county councillor Stuart Davies, 71, leapt up to confront the Prime Minister and asked her: "Why don't you resign? The national convention doesn't [...]
Lloyds Bank: The must-know numbers ahead of Q1 results May 3, 2019 | City Talk By Alistair Strang from interactive investor. Lloyds shares remain in a static state. Our chartist runs the numbers again hoping for a catalyst. When we last reviewed Lloyds Banking Group (LSE:LLOY), we admitted considerable discomfort in projecting the share's future potentials. Instead, we opted for the coward's route, suggesting it was probably going to be [...]
UK economy ‘treading water’ as services sector struggles back to marginal growth May 3, 2019 Britain’s services sector improved just enough to return to growth last month after shrinking in March, but the economy remained “more or less stalled” according to analysts. Read more: US services sector continues its trend of solid growth The services purchasing managers’ index (PMI) stood at 50.4 in April, compared to a more than two-year [...]
City broker Numis profits plunge due to political uncertainty May 3, 2019 Numis saw profits slide 64 per cent in the first half of the year as the City broker was affected by a slowdown in UK dealmaking and weakening investor sentiment due to the political uncertainty caused by Brexit. The figures Shares fell 3.9 per cent after the AIM-listed company reported profit before tax dropped to [...]
