EU referendum: Brexit could lead house prices five per cent lower February 20, 2016 With an EU referendum set to take place this year, a leading online estate agent has warned that house prices could drop by five per cent in the event of Brexit. Online estate agent eMoov has warned that many UK residents will be impacted by property prices, which is likely to be the "primary concern" [...]
EU referendum: Seven Brexit myths debunked by economists at Berenberg April 22, 2016 With so many unknowns going into the EU referendum, there have been plenty of claims and counter-claims being made about the impact leaving the union could have on the UK. But economists at Berenberg claim the debate has been "shrouded in myths, rather than driven by facts or reasonable arguments". Now the team is embarking on a [...]
Before the bell: What you need to know before the US market open May 31, 2016 It's the last day of May, people are back at their desks after a long weekend in the UK and the US and markets in New York are pointing up. Here's what you need to know before the US market open at 14:30 London time. Ahead of the open the S&P is up by 0.04 [...]
Steel unions to hand Javid Port Talbot demands at key meeting tomorrow April 4, 2016 Community, the union which represents British steelworkers, will meet with business secretary Sajid Javid tomorrow to discuss the steel crisis and present Javid with a list of demands for the industry. The demands, which include the government preventing Tata and potential buyers from cherry-picking assets, were formulated at a meeting in London today. “There needs to [...]
Vince Cable, Stephen Kinnock and Andrew Cooper: Restoring trust in capitalism means moving beyond ideology April 13, 2016 Capitalism has been a controversial word since the start of the industrial revolution. Yet despite the historic clash between capital and labour, few would take issue with the fact that industrial capitalism has led to the greatest sustained improvement in wellbeing and prosperity in human history. It appeared to be the gift that kept on [...]
Why an England Euro 2016 defeat will wipe billions off stock markets June 9, 2016 After a disappointing 2014 World Cup, the nation is eagerly awaiting the start of Euro 2016. With a 100 per cent record in the qualifiers, and currently priced at 8/1 fourth favourites, England are quietly confident that they can at least emulate their semi-final appearance 20 years ago. But it shouldn’t only be football fanatics [...]
One in three UK mortgage holders don’t know their interest rate, survey finds May 19, 2016 One in three UK mortgage holders do not know what interest rate they are on, according to a new study. YouGov and digital mortgage broker Habito, which launched last month with the mission of bringing the market into the "21st century", surveyed more than 1,200 mortgage owners. Some 33 per cent did not know what [...]
Investment banking revenues plunged to financial crisis levels in 2015 – and a greater drop is expected this year May 17, 2016 Global investment banking revenues dropped to their lowest levels since the financial crisis last year. And they are expected to plummet even further this year, according to a new report. Analysis in the Boston Consulting Group’s (BCG) Capital Markets 2016 report predicts 2016 investment banking revenue to total $212bn (£147bn), down seven per cent from [...]
David Cameron’s resignation: Reactions from politicians, analysts and business lobbies in the wake of Brexit vote June 24, 2016 Following yesterday's 51.9 per cent vote in favour of Brexit, Conservative Prime Minister David Cameron has announced he will resign. Cameron said he will stay in office for a short spell, but has set a timeline for a new Prime Minister to be in place in October by the time of the Conservative Party conference. [custom [...]
Budget 2016: The UK property industry’s wishlist for Chancellor George Osborne March 14, 2016 Stamp duty reform is at the top of the UK's property industry wishlist for when Chancellor George Osborne opens his red box to deliver the Budget on Wednesday. 1. Reversal of recent government stamp duty changes Recent UK stamp duty reforms are having a damaging impact on the housing market and should be reviewed. The Stamp [...]