Supply chain costs push EU’s potential hard Brexit bill to £100bn January 15, 2018 European nations could face a cost of as much as £100bn if the EU and the UK do not agree a Brexit trade deal, according to new analysis published today. Under a so-called hard Brexit, in which the UK trades with the EU under World Trade Organisation rules, the cost of rerouting European supply chains [...]
Wetherspoon’s Tim Martin thinks that the falling pound will impact Eurozone businesses more than British companies November 2, 2016 Many of Britain's businesses may be feeling the pinch from sterling's recent malaise but the boss of one of Britain's largest pub chains doesn't think it will cause him too much pain. "The pound has gone up and down over the years and I haven’t noticed over the years a big effect on bar sales [...]
Do you want to buy back your own company? Wetherspoon’s boss says no and asks for shareholder help November 6, 2016 Wetherspoon shareholders will meet on Tuesday to head-off an unfortunate pickle that its boss and major shareholder has found himself in. Tim Martin, who owns 29.9 per cent of the pub chain giant, is facing the prospect of having to make a takeover offer for the very business he founded 37 years ago, due to Takeover [...]
The CBI aims to drive UK manufacturing to fresh highs as it sets up new council with Ineos director Tom Crotty at the helm August 14, 2017 The Confederation of British Industry (CBI) is setting up a manufacturing council in an effort to support the industry. The chief executive-level council will bring together dozens of the UK’s top manufacturers, and will be headed by chemical giant Ineos’ group director Tom Crotty. Crotty said: “A vibrant manufacturing sector is essential to the growth [...]
Wetherspoon’s boss Tim Martin slams everyone who backed Remain in a lengthy essay September 9, 2016 On announcing his company's preliminary results this morning, JD Wetherspoon chairman Tim Martin took the opportunity to slam David Cameron and George Osborne for their conduct during the referendum campaign. In great detail, Martin listed the people who forecast a disastrous downturn for the country, in some cases, even citing the newspaper article they were featured in. [...]
Don’t listen to the “cabal” of elites trying to keep us in the EU, says Wetherspoon boss November 29, 2016 The boss of Britain's largest pub chain has attacked a "cabal of politicians and elite groups… fighting to overturn the [Brexit] decision" comparing them with "undemocratic and totalitarian" regimes of the past. Wetherspoon's chairman and founder Tim Martin, who was vocal in campaigning for Britain to leave the EU in the run-up to the Brexit vote, warned [...]
Wetherspoon’s boss: Everyone cheer up about Brexit July 13, 2016 All this doom-mongering has become too much for Wetherspoon's boss Tim Martin, who finally came out and said it this morning: everyone needs to cheer up about Brexit. Martin, who in the run-up to the referendum was so passionately pro-Brexit he had special beermats printed, hit back at "unprecedented and irresponsible doom-mongering", warning that all [...]
Rihanna roils markets as China bags a key element March 21, 2018 Garry White, chief investment commentator, looks at the market moving events that have shaped the UK equity markets this week (March 12 to March 16, 2018). This week, Barbadian singing sensation Rihanna managed to wipe $1bn off the valuation of tech group Snap, the Chinese secured a major cobalt deal to help it produce electric [...]
Rihanna roils markets as China bags a key element March 16, 2018 Garry White, chief investment commentator, looks at the market moving events that have shaped the UK equity markets this week (March 12 to March 16, 2018). This week, Barbadian singing sensation Rihanna managed to wipe $1bn off the valuation of tech group Snap, the Chinese secured a major cobalt deal to help it produce electric [...]
Ukraine’s central bank pulls plug on PwC bank audit rights over PrivatBank’s balance sheet hole July 20, 2017 The National Bank of Ukraine (NBU) announced today that it had pulled the plug on PwC’s domestic bank auditing rights, after it had failed to identify a $5bn (£3.9bn) balance-sheet hole at the country’s largest lender in previous audits. It comes after last December’s state takeover of PrivatBank by the NBU, in a move aimed [...]