UK car industry warns on no-deal Brexit as manufacturing and investment nosedive January 31, 2019 The UK car industry has warned of the “devastation” a no-deal Brexit would cause as new figures show manufacturing and investment plummeted in 2018. UK car production fell to a six-year low of 1.52m units last year, while investment was slashed almost in half to just £589m, according to the latest data from the Society [...]
Barclays gets go-ahead to shift £160bn of assets to Dublin amid Brexit uncertainty January 30, 2019 Barclays has been given the green light to transfer £160bn of assets to its Irish business as the bank “cannot wait any longer” to implement its no-deal Brexit strategy amid ongoing political uncertainty. A High Court judgement revealed that the bank is pushing forward with its Brexit contingency plan to transfer all of its European [...]
German inflation holds steady amid gloomy outlook for 2019 growth January 30, 2019 Inflation in Germany remained flat in January as the eurozone’s largest economy issued a gloomy forecast for 2019 growth. Consumer prices in Germany rose 1.7 per cent year-on-year, holding steady from the rate in December and in line with estimates from economists polled by Reuters. The figures came shortly after the German government cut its [...]
London listings in slowest start since 2010 as Brexit worries dampen market January 30, 2019 London’s IPO market has got off to its slowest start since the financial crisis this year as the looming Brexit date dents investor confidence. London Stock Exchange (LSE) data, shows that in the year to 29 January just £680,000 has been raised in London initial public offerings (IPOs). By 29 January 2018 £40m had been [...]
Cable stabilises above £1.30 support, but the Brexit storm is far from over January 30, 2019 | City Talk The UK parliament yesterday voted against officially blocking a no deal Brexit, but also forced Theresa May to return to the EU to renegotiate the controversial Irish Border backstop. Cable tumbled over 100 pips initially but support at £1.3060 held. But there’s plenty of pain on the horizon for GBP/USD. “Backstop”. It’s a word that [...]
Amazon’s UK boss Doug Gurr appointed a trustee at the National Gallery January 30, 2019 Prime Minister Theresa May has made the UK country manager of Amazon a trustee of the National Gallery. Doug Gurr, who was also formerly president of Amazon in China, first joined the e-commerce site in 2011. A statement from the Department for Digital, Culture, Media and Sport said Gurr had previously worked for the UK government, and [...]
Staffline startles investors with results delay, shares plummet January 30, 2019 Recruitment support services company Staffline spooked investors into a mass sell-off today by delaying the publication of its full-year results without giving a reason. The AIM listed firm announced this morning it would provide a further update as soon as possible, sending shares into a nosedive. Staffline’s stock was 32 per cent down this afternoon. [...]
London’s workers and employers must work together to train, develop, and prepare for the future January 30, 2019 With Brexit uncertainty looming over the economy and a burgeoning skills crisis, career progression and stability are at the forefront of workers’ minds. In fact, new research from City & Guilds Group, released today as part of the celebrations for our 140th anniversary, shows that 82 per cent of workers in London believe that it [...]
CBI: Businesses set to accelerate no-deal Brexit planning after parliament vote January 30, 2019 British firms are set to accelerate their no-deal Brexit plans as uncertainty reigns over the nature of the UK’s departure from the EU, a major business body said today. Last night’s decision to reopen negotiations with the bloc will not have reassures businesses, CBI boss Carolyn Fairbairn told BBC Radio 4’s Today programme this morning. [...]
Should we be worried about the rise of the Bank of Mum and Dad mortgage? January 30, 2019 In the years leading up to the financial crisis, it was relatively easy for wannabe homeowners to get loans for the full value of a property – otherwise known as a 100 per cent loan-to-value mortgage. Of course, we know the problems caused by these mammoth loans, and since then, affordability criteria have become stricter [...]
