Jeremy Corbyn vows to vote down Chequers deal as he calls for UK to stay in a customs union September 26, 2018 Jeremy Corbyn has confirmed he would vote down Theresa May's Brexit plan as part of a gamble to trigger a general election. In his keynote speech to Labour's conference on Wednesday, Corbyn said his MPs would not back May's so-called Chequers proposal, but would also oppose leaving the EU without any trade deal. He claimed [...]
Out with the old, in with the new UK high street September 26, 2018 A tale of two retailers dominated the high street yesterday – Next’s shares jumped nearly eight per cent after the fashion giant lifted its full-year profit guidance while Card Factory’s shares lost a tenth of their value after profits were off-message. Read more: Next nudges up profit guidance after blistering summer The diverging fortunes [...]
Pub giant Shepherd Neame serves up rising profits September 26, 2018 Britain’s oldest pub owner posted a five per cent rise in profit in the year to the end of June this morning, following 12 months that have seen the brewer ramp up its operations in London and the south east. Read more: Spirits in the sky as pub landlord enjoys bumper summer of profits Shepherd [...]
Poll: Brexit won’t lead to financial services brain drain September 26, 2018 Just 630 UK finance jobs have moved abroad since the Brexit vote, a Reuters poll found today. It contrasts fears voiced immediately after the vote that leaving the EU could badly damage the UK’s financial services sector. Read more: Brexit: Rees-Mogg tells businesses to accept customs delays Reuters’ poll of 134 financial giants found [...]
Woo the EU? Theresa May should take tips from the dating game September 26, 2018 Winning votes in an election is a lot like dating. I was explaining the principles of campaigning during a Westminster Foundation seminar in Ghana when one of the young candidates hit on this perfect analogy for electoral success. When you start dating someone, you are keen to establish common interests. “You like Love Island? [...]
No-deal Brexit border delays could prompt wave of bankruptcies says poll September 26, 2018 Delays of even half an hour at the border in the event of a no-deal Brexit could prompt a wave of bankruptcies for firms relying on cross-border supply chains, a poll to be published today will show. As many as one in 10 British supply chain managers say their businesses could go bankrupt if [...]
Theresa May claims ‘no deal’ is better than a Canada-style agreement with the EU September 25, 2018 Theresa May has claimed a Canada-style free trade agreement with the EU is worse than no deal in comments which infuriated Brexit-backing Conservatives. Speaking at the beginning of a two-day trip to New York, May shot down a proposal backed by her former Brexit Secretary David Davis that the UK should negotiate a looser [...]
UK private equity deals slump as Europe hits post-crisis high September 25, 2018 UK private equity deals slumped over the last three months while European buyouts hit a post-crisis high, according to new statistics. There were 46 buyouts of UK companies in the third quarter of this year, down on the previous three months, which was the most successful period for volume and value since 2007. Just €19bn (£17.01bn) of deals have been completed [...]
LSE Group appoints financial services veteran Marshall Bailey as LCH Group chairman September 25, 2018 London Stock Exchange Group has appointed financial services veteran Marshall Bailey as chairman of its clearing business LCH Group. The move, which is effective immediately, will see current LCH Group chairman Lex Hoogduin step down after three years in the role. Read more: Activist Hohn reduces stake in London Stock Exchange Group The business has become central to debates about the [...]
Keir Starmer goes rogue in conference speech, refusing to rule out Remain in a new vote September 25, 2018 Remaining in the EU must be an option on the ballot paper in any new referendum, Labour's shadow Brexit secretary Sir Keir Starmer said on Tuesday. Speaking at his party's conference, Sir Keir got a standing ovation from activists as he veered away from his planned speech to say staying in the EU could [...]