FTSE 100 falls sharply amid Brexit turmoil and US-China trade war May 23, 2019 The UK’s benchmark FTSE 100 stock index tumbled this morning as investors faced a perfect storm of political turmoil in Westminster and British companies being dragged in to the US-China trade war. Read more: Sterling falls as Theresa May clings to power despite cabinet mutiny The blue-chip FTSE 100 had fallen 1.5 per cent by 11.30am, taking it to [...]
Sterling falls as Theresa May clings to power despite cabinet mutiny over Brexit deal May 23, 2019 The pound has fallen sharply this morning as Prime Minister Theresa May comes under huge pressure to resign over the coming days following a cabinet revolt. Read more: Andrea Leadsom quits Cabinet with stinging attack on May's Brexit plan Sterling had dropped 0.4 per cent against the dollar by 8.30am, to buy $1.261, its lowest value since 4 January. [...]
Small businesses will be collateral damage in Corbyn’s war against the rich May 23, 2019 A new word was coined earlier this month. Joining the terms “Brexit” and “omnishambles” in the English lexicon, we now have “Corbygeddon” to describe the abject fear of a hard-left Labour government led by Jeremy Corbyn, that’s set to drive the uber-wealthy (or at least a proportion of their assets) out of the country in [...]
Andrea Leadsom quits Cabinet with stinging attack on Theresa May’s Brexit plan May 22, 2019 Theresa May looks to be entering her final days as Prime Minister after Andrea Leadsom quit the Cabinet with a stinging attack on her Brexit plan. Leadsom warned the PM’s new plan for Brexit would not deliver a “truly sovereign” UK, and a pledge to offer MPs a vote on another EU referendum would be [...]
TfL delays investment to ‘future years’ as debt climbs to £11bn May 22, 2019 Transport for London (TfL) delayed nearly half a billion pounds in capital spending during its latest financial year, while its debts climbed past £11bn. Borrowing, which is one of TfL's core funding streams, increased by £728m over the year to a total of £11.2bn, according to TfL board papers filed today. Last year a London [...]
US stocks fall as trade war shows little sign of abating May 22, 2019 US stock markets have fallen shortly after opening as global companies are sucked in to the Trump administration’s trade assault on China. Read more: US-China trade tensions a major threat to global growth, says OECD The tech-heavy Nasdaq composite had fallen 0.5 per cent shortly after 4pm UK time, with Chinese internet technology company Baidu among [...]
Theresa May slaps down Michael Gove by insisting new Brexit vote will go ahead as planned May 22, 2019 Theresa May has vowed to put her derided Brexit deal to to MPs just hours after a leading Cabinet Minster suggested it could be pulled. Appearing on BBC Radio 4 Today programme on Wednesday morning, environment secretary Michael Gove was asked if the Withdrawal Agreement Bill would still be put to MPs in early June [...]
Chip designer Arm suspends business with Huawei after US trade ban May 22, 2019 British chip designer Arm will suspend business with Huawei to comply with new US trade restrictions, the BBC reported, citing internal company documents. In a memo sent to staff, Arm reportedly told employees to halt “all active contracts, support entitlements, and any pending engagements” with the troubled Chinese tech firm and its subsidiaries. Read more: EE [...]
Theresa May presses MPs to pass her Brexit deal after three rejections in parliament May 22, 2019 Theresa May is set to publish the details of her Brexit deal bill on Friday, she said today as she urged MPs to pass it at the fourth time of asking. Read more: Sterling hits four-month low as Tories turn on May's Brexit deal The Prime Minister called for “compromise on all sides” ahead of [...]
Sterling hits fresh four-month low as Tories turn on May’s Brexit deal May 22, 2019 The pound has fallen to a fresh four-month low today as political crisis over Brexit mounts in Westminster. Read more: May loses support for Brexit deal after offering vote on second referendum Sterling had fallen 0.4 per cent against shortly before 12.30pm to buy $1.265, its lowest price since the start of January. Investors sold [...]
