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....The UK, with the world’s most open takeover regime, will be an obvious port of call. That is not a Brexit point, just a recognition that shareholder-first capitalism has rarely enjoyed such favourable conditions. ... [Read full article on Guardian ]
Sunday 19th of March 2017 07:00:00 AM
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. EU chiefs have warned airlines including easyJet and Ryanair that they will need to relocate their headquarters or sell off shares to European nationals if they want to continue flying routes within continental Europe after Brexit. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 09:33:08 AM
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.... . If all goes according to the two year negotiations allowed for in the official timetable, Brexit should happen in March 2019. ... [Read full article on BBC ]
Monday 20th of March 2017 11:39:42 AM
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....One worker at Vauxhall's Ellesmere Port plant in Cheshire told reporters this morning: "I think the deal is good for current GM and Vauxhall employees, but is there a future for younger workers after 2021?". Next year PSA will decide where it will make the next generation of Astra cars currently made in the UK against the background of Brexit negotiations. ... [Read full article on BBC ]
Monday 6th of March 2017 07:31:41 AM
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....". Industry trade body the SMMT said in January that uncertainty around Brexit and the UK's future trading arrangements had hit investment in the car sector. ... [Read full article on BBC ]
Thursday 16th of March 2017 09:39:48 AM
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.... Read more - Will the extra money plug gap?. Opening his statement, Mr Hammond said the UK economy "continued to confound the commentators with robust growth", and promised his Budget would provide a "strong and stable platform" for the Brexit negotiations to come. ... [Read full article on BBC ]
Tuesday 7th of March 2017 10:33:24 PM
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. The government has been defeated after the House of Lords said ministers should guarantee EU nationals' right to stay in the UK after Brexit. ... [Read full article on BBC ]
Wednesday 1st of March 2017 07:06:57 PM
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...."We need to invest in education and start-ups and skills," he said. "I would like to see more long-term thinking about education and digital skills because digital businesses will be crucial to the economy after Brexit," he told the BBC. ... [Read full article on BBC ]
Wednesday 1st of March 2017 01:10:06 AM
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....From the choice of venue, to what food you pick, whether you order alcohol, and how you share the bill, any number of things can go wrong. Talking politics and religion is almost always a complete no-no, but what if an innocent chat about current affairs quickly turns to President Trump, Brexit or Scottish independence?. ... [Read full article on BBC ]
Thursday 16th of March 2017 12:00:47 AM
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.... . Kamal Ahmed: Is inflation all down to Brexit?. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:34:06 AM
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....Earlier in February, the company opened a technology centre in Singapore. Sir James, a prominent Brexit campaigner, said the company's plans were not affected by the UK's decision to leave the European Union. ... [Read full article on BBC ]
Tuesday 28th of February 2017 08:28:17 PM
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.... Waitrose is struggling against fierce competition from other grocers and recently unveiled plans for job cuts and six store closures. The group is also likely to take a hit from the post-Brexit slump in sterling because it will increase the cost of importing goods. ... [Read full article on Guardian ]
Sunday 5th of March 2017 04:49:46 PM
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.... There are also concerns that jobs could be lost at Vauxhall’s factories in Ellesmere Port and Luton if PSA Group, the owner of Peugeot, completes a deal to buy parent company General Motors’ European business. Dyson was one of the most prominent business leaders to publicly support Brexit before the referendum in June. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 07:19:58 PM
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Tuesday 7th of March 2017 10:29:53 PM
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.... . "And of course there are obstacles in the way, with the currency fluctuations, the problems posed by Brexit with freedom of movement, freedom of movement for parts as well. ... [Read full article on BBC ]
Sunday 5th of March 2017 12:03:33 PM
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. Several parts of Britain that voted to leave the European Union are among the most vulnerable to the economic impact of Brexit, according to new research published as the government prepares to trigger article 50. ... [Read full article on Guardian ]
Sunday 26th of March 2017 11:01:43 PM
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....The aerospace industry has been held up by the government as a poster child for British manufacturing because it is a source of highly skilled jobs and has benefited from close collaboration with the government. However, the Brexit vote has created uncertainty about whether major employers such as Airbus could look to move manufacturing for the next generation of aircraft to other locations. ... [Read full article on Guardian ]
Monday 27th of March 2017 05:30:00 AM
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. If there is just one anecdote that succinctly sums up the problems that Brexit and the threat of tariffs pose to the UK car industry, it is this: the story behind the crankshaft used in the BMW Mini, which crosses the Channel three times in a 2,000-mile journey before the finished car rolls off the production line. ... [Read full article on Guardian ]
Friday 3rd of March 2017 12:45:09 PM
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....He said that the £2. 6bn contract represented a “disciplined” bid, and that the operator would be compensated should Brexit lead to economic decline. ... [Read full article on Guardian ]
Monday 27th of March 2017 07:52:43 AM
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....Standard Life has fared better, and recently posted a 9% rise in operating profit before tax to £723m for 2016. The Brexit vote in June “triggered very substantial [fund] outflows for the industry”, Skeoch said, but the impact on Standard Life was modest. ... [Read full article on Guardian ]
Sunday 5th of March 2017 05:57:06 PM
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....Rowena Mason, deputy political editor: Philip Hammond looks satisfied to be announcing higher growth than previously forecast – a rare experience for chancellors in recent years. It defies the predictions of gloom by remain supporters before the Brexit vote, although the effects of leaving the EU are yet to be felt. ... [Read full article on Guardian ]
Wednesday 8th of March 2017 12:41:30 PM
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.... . The pound fell sharply after the Brexit vote last summer, leaving retailers with the choice of raising prices or seeing their profits squeezed. ... [Read full article on BBC ]
Thursday 9th of March 2017 07:36:42 AM
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....The high street chain employs 110 different nationalities with 65% of its workforce coming from EU countries other than Britain, Andrea Wareham told the House of Lords economic affairs select committee on Wednesday. She said the company would find it virtually impossible to find enough staff if it were forced to turn its back on EU nationals after Brexit. ... [Read full article on Guardian ]
Wednesday 8th of March 2017 05:36:24 PM
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. Chocolate prices could rise if the UK does not secure a trade deal post-Brexit, according to Mars' top boss. ... [Read full article on BBC ]
Friday 10th of March 2017 12:52:27 PM
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. Sandwich and coffee chain Pret A Manger has suggested it will struggle to staff its outlets after Brexit because just one in 50 job applicants is British. ... [Read full article on BBC ]
Thursday 9th of March 2017 12:19:31 PM
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. Goldman Sachs is to start moving hundreds of staff out of London before a Brexit deal is struck, the bank’s European boss has confirmed. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 05:26:34 PM
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. Deutsche Bank has committed to moving to a new office in London, at a time when banks are assessing their place in the capital ahead of Brexit. ... [Read full article on BBC ]
Friday 24th of March 2017 09:49:11 AM
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. Farmers, supermarkets and food suppliers have called on Theresa May to secure a free trade deal with the European Union after Brexit. ... [Read full article on BBC ]
Sunday 26th of March 2017 08:55:57 PM
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....Asked by the chair of the Commons business, energy and industrial strategy select committee if that would see reactors switching off, he said: “Ultimately, when their fuels runs out, yes. ” Cowen said that in his view there was no legal requirement for the UK to leave Euratom because of Brexit: “It’s a political issue, not a legal issue. ... [Read full article on Guardian ]
Tuesday 28th of February 2017 03:28:07 PM
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....In what will be the final spring budget – there is another due in the autumn – Hammond caved in to pressure from his own backbenches over the strains on social care, and pledged to set aside £2bn over the next three years to help councils cope. He also announced a series of measures to prepare the economy for Brexit, including a new system of vocational education to create “parity of esteem” with academic courses. ... [Read full article on Guardian ]
Wednesday 8th of March 2017 04:05:32 PM
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Latest Finance News related to Brexit

Brexit Britain image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:04:40 PM
EU negotiations image
Source : BBC [Read Article] Tuesday 28th of March 2017 11:01:52 PM
London-Paris business and tourism partnerships announced image
Source : BBC [Read Article] Tuesday 28th of March 2017 01:34:45 PM
....Mayor Sadiq Khan said "two of the world's greatest cities" had "so much to gain from joining forces". Prime Minister Theresa May is to trigger Article 50 on Wednesday - beginning formal negotiations on Brexit. ...
Redrow walks away from Bovis takeover after offer is rejected image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:41:52 AM
.... Talks with Redrow, which proposed a cash and share deal, were terminated, while discussions with Galliford, which proposed an all-share merger at 886p a share, carried on. Bovis’s share price has struggled since the Brexit vote last June. ...
Ceramics boss: 'We are looking at the US' image
Source : BBC [Read Article] Monday 27th of March 2017 11:24:25 PM
. With Theresa May set to invoke Article 50 on Wednesday, kickstarting the process for the UK to leave the EU, BBC News asks if businesses are changing their strategies to cope with Brexit. ...
Related to :
Immigration should rise and fall after Brexit, David Davis says image
. Immigration should rise and fall depending on the UK's needs after it has left the EU, the Brexit secretary says. ...
Settle Brexit bill quickly to boost chance of free trade deal, say pro-EU Tories image
. Theresa May will be urged by pro-EU Conservatives to reach a quick deal over the divorce bill from Brussels in order to maximise the chances of reaching a free trade deal within the tight deadline for Brexit talks. ...
May's 'global Britain' gets boost as Qatar looks at £5bn investment image
Source : Guardian [Read Article] Monday 27th of March 2017 05:10:53 PM
. Theresa May’s ambitions to create a “global Britain” after Brexit have been boosted by Qatar’s announcement that it expects to invest £5bn in the UK over the next five years. ...
​Sweet Brexit: what sugar tells us about Britain’s future outside the EU image
.... A pair of size 9 safety boots loaned out to visitors still bear the name of food minister George Eustice, who toured the same squidgy mounds of unprocessed raw material earlier this month to learn what might flow in once the UK leaves Brussels trade rules behind. None of the government visitors can match Brexit secretary David Davis who – in a little-known career footnote – spent 17 years working for Tate & Lyle before becoming a politician, much of it battling against what its current American owners regard as the tyranny of European sugar regulation. ...
UK banks asked to draw up plans to show they are prepared for Brexit image
Source : Guardian [Read Article] Monday 27th of March 2017 09:26:41 AM
....”. The Bank’s governor, Mark Carney, said in January that the UK’s departure from the EU was no longer seen as the biggest domestic threat to British financial stability compared with a year ago, though he added that Brexit could amplify some of the domestic risks. ...
Chinese firm MTR to help operate UK's South West trains franchise image
Source : Guardian [Read Article] Monday 27th of March 2017 07:52:43 AM
....He said that the £2. 6bn contract represented a “disciplined” bid, and that the operator would be compensated should Brexit lead to economic decline. ...
Dyson 'enormously optimistic' about post-Brexit trade image
Source : BBC [Read Article] Monday 27th of March 2017 06:01:32 AM
....Sir James Dyson has said UK business success lies beyond Europe because that is where the fastest growth lies. The billionaire, who was a prominent backer of Brexit, told the BBC he was "enormously optimistic" about trading with the rest of the world. ...
Aircraft orders increase tenfold in a year in boost for UK manufacturing image
....The aerospace industry has been held up by the government as a poster child for British manufacturing because it is a source of highly skilled jobs and has benefited from close collaboration with the government. However, the Brexit vote has created uncertainty about whether major employers such as Airbus could look to move manufacturing for the next generation of aircraft to other locations. ...
UK manufacturers tell May no EU deal is 'simply unacceptable' image
Source : Guardian [Read Article] Monday 27th of March 2017 05:01:00 AM
. Failing to secure a Brexit trading deal with the EU would be disastrous for Britain’s manufacturers and Theresa May’s claim that no deal would be better than a bad deal is “simply unacceptable”, industry leaders have warned. ...
Dyson plays down hard Brexit concerns as company posts £2.5bn record sales image
. Sir James Dyson, the billionaire investor, has played down concerns that a “hard Brexit” could harm the UK economy by claiming that World Trade Organisation tariffs have not prevented his technology company from achieving record financial results. ...
'Steady as she goes - Brexit leaves our strategy unchanged' image
Source : BBC [Read Article] Sunday 26th of March 2017 11:47:26 PM
. With Theresa May set to invoke Article 50 on Wednesday, kickstarting the process for the UK to leave the EU, BBC News asks if businesses are changing their strategies to cope with Brexit. ...
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Half-in, half-out of customs union would be worst Brexit option, says thinktank image
....Open Europe believes no half-in option is better than being fully out and said a comprehensive free trade agreement with the EU that maintains the benefits of a customs union is perfectly achievable in talks with Brussels. Remain supporters and some European diplomats based in the UK are increasingly exasperated at the way in which they believe the government, by saying so little about its key negotiating objectives, is handing the intellectual momentum to advocates of a hard Brexit and making it increasingly difficult for a compromise to be reached that does not damage business. ...
Parts of UK that voted for Brexit may be hardest hit, study finds image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
. Several parts of Britain that voted to leave the European Union are among the most vulnerable to the economic impact of Brexit, according to new research published as the government prepares to trigger article 50. ...
Brexit: Food chiefs warn on EU tariffs image
Source : BBC [Read Article] Sunday 26th of March 2017 08:55:57 PM
. Farmers, supermarkets and food suppliers have called on Theresa May to secure a free trade deal with the European Union after Brexit. ...
We’re in a fine mess if George Osborne is our last hope of halting Brexit image
....To adapt Dr Samuel Johnson’s famous saying: attacking the BBC for alleged bias is a last refuge of the scoundrel. In this case, the scoundrel is one Julian Knight MP, who last week assembled some 70 fellow Brexiters to attack the BBC for allegedly being biased in favour of the Remain camp. ...
Austerity bites? Less chocolate for your money as packets shrink image
Source : Guardian [Read Article] Sunday 26th of March 2017 12:05:16 AM
.... Nestlé is also shrinking its Aero Mint bars from 120g to 100g to hold the price at £1. After a benign period where inflation was close to zero, living costs started rising again last summer thanks to a combination of higher oil prices and the Brexit vote’s blow to the value of the pound, which has made imports to the UK more expensive. ...
Brexit talks will fail without compromise: José Manuel Barroso image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:09 PM
. Brexit negotiations are on course to fail unless both Britain and the European Union ditch their winner-takes-all approach to the coming talks, the former president of the European commission José Manuel Barroso has said. ...
The British jobs Brexit makes hard to fill image
Source : Guardian [Read Article] Saturday 25th of March 2017 04:00:06 PM
Pret a Manger to pay work experience recruits after criticism of unpaid scheme image
....55 for 18- to 20-year-olds. Only one in 50 of Pret’s job applicants are born in the UK, so the company is particularly exposed to the threat of non-UK workers leaving or avoiding the country in the wake of Brexit. ...
Pret a Manger looks to UK's teenagers to tackle looming staff crisis image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:03 AM
.... They would not be paid, but would be offered free food. One in 50 of Pret’s job applicants were born in the UK, so the company is particularly exposed to the threat of non-UK workers avoiding the country in the wake of Brexit or choosing to return home. ...
Bonus for Pearson chief despite biggest loss in company's history image
Source : Guardian [Read Article] Friday 24th of March 2017 03:30:57 PM
....”. Pearson’s operating profit target was £630m-£670m including the positive boost from the drop in the value of sterling after the Brexit vote – its struggling North American higher education business accounts for about 45% of profits – with Fallon achieving £635m. ...
Cadbury says chocolate could get smaller after Brexit image
Source : Guardian [Read Article] Friday 24th of March 2017 01:56:19 PM
. Cadbury has said it may have to raise prices or shrink the size of its products after Brexit, but has committed to staying in the UK. ...
How has the Brexit vote affected the UK economy? March verdict image
Source : Guardian [Read Article] Friday 24th of March 2017 10:37:44 AM
...
UK film industry 'needs government support' after Brexit image
Source : BBC [Read Article] Friday 24th of March 2017 10:29:58 AM
. The UK movie business must get more support from the government if the sector is to survive after Brexit, a senior figure in the industry has said. ...
Deutsche Bank commits to new London office image
Source : BBC [Read Article] Friday 24th of March 2017 09:49:11 AM
. Deutsche Bank has committed to moving to a new office in London, at a time when banks are assessing their place in the capital ahead of Brexit. ...
'We're looking for business deals outside Europe' image
Source : BBC [Read Article] Friday 24th of March 2017 12:05:43 AM
. With Theresa May expected to invoke Article 50 next week, kickstarting the process for the UK to leave the EU, BBC News asks if businesses are changing their strategies to cope with Brexit. ...
Related to :
1,100 Jones Bootmaker jobs at risk as private equity deal collapses image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:39:45 PM
....Last year’s relatively mild winter, which has led to lower sales of higher-priced boots, and increases in business rates and the legal minimum wage have added to pressure on the industry. The cost of sourcing goods abroad has also risen since the value of the pound collapsed against the dollar after the Brexit vote last June. ...
Crest Nicholson to pay bonuses despite shareholder revolt image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:10:32 PM
....Chris Cummings, chief executive of the Investment Association, which represents shareholders, warned earlier this month that companies could face rebellions at this year’s annual meetings. He said: “As the starting gun is fired on this year’s AGM season, businesses around the UK would do well to heed the lessons from Brexit. ...
London now 'cheaper to live than New York and Tokyo', plus Viagogo snubs MPs image
....Hello and welcome to this week’s Money Talks – a roundup of the week’s biggest stories and some things you may have missed. London ‘cheaper than New York or Tokyo’ after pound’s Brexit plunge. ...
What Next for shops? image
Source : BBC [Read Article] Thursday 23rd of March 2017 01:21:33 PM
....As if the fickleness of shoppers were not enough, of course, consumers have finally woken up to the fact that higher inflation means their money spreads more thinly. The fall in sterling since the Brexit vote has pushed up the cost of imports for the likes of Next, although it says it doesn't expect price rises to be any worse in the second half of the year, and "they may be a little better". ...
Higher fuel prices take toll on retail sales image
Source : BBC [Read Article] Thursday 23rd of March 2017 10:14:20 AM
....However, Howard Archer at IHS Markit said consumers were becoming more cautious as higher inflation squeezed their purchasing power. "The economy's persistent resilience since last June's Brexit vote has been largely built on consumers keeping on spending," he said. ...
Brexit could damage UK's fight against corruption, says OECD image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:07:05 AM
. Brexit could damage the UK’s efforts to tackle corruption and give multinationals leverage over the British government in bribery cases, the Organisation for Economic Co-operation and Development has warned. ...
Next shares leads FTSE 100 higher image
Source : BBC [Read Article] Thursday 23rd of March 2017 09:31:43 AM
....4% as investors continued to react to the Screwfix and B&Q owner's results on Wednesday. Kingfisher reported a big rise in annual profits but gave a cautious outlook because of uncertainty surrounding Brexit and the French presidential elections. ...
No EU trade deal is better than a bad deal? Don’t bet on it, Theresa May | Jonathan Portes image
. It’s not the beginning of the end (of Brexit) – but it’s definitely the end of the beginning. ...
UK retail sales surge as consumers shrug off Brexit fears  - as it happened image
...
Related to :
'I am very confident we can find a good trade deal' image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:34:34 AM
.... . So how are businesses changing their strategies to cope with Brexit? Cecile Reinaud runs Seraphine, a London-based maternity wear company. ...
Related to :
Brexit: Single market benefit 'largely imaginary' image
Source : BBC [Read Article] Thursday 23rd of March 2017 12:13:02 AM
....The prime minister will officially notify the EU of the UK's intention to leave by triggering "Article 50" and writing to European Council president Donald Tusk. Civitas, whose research has previously been cited by pro-Brexit campaigners, said the UK's export growth to the EU had been outstripped by many economies in the last 20 years. ...
The Trump bump for shares is dented – but watch where the oil price goes | Nils Pratley image
....“Looking forward, the EU referendum has created uncertainty for the UK economic outlook and we remain cautious on the outlook for France,” says Véronique Laury, the chief executive of Kingfisher, which owns B&Q and Screwfix. Never mind Brexit and the French presidential elections. ...
Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
.... But nothing gets round the truth that what tax havens really do is help to abuse the world’s tax systems and in the process mount a challenge to market-based capitalism and even democracy itself. As the chief economic adviser to the Jersey government has said, one possible response to Brexit is that the EU may list Jersey as a tax haven now that it will no longer have UK protection. ...
Tesco pulls Sol, Amstel and Tiger from shelves in Brexit price row image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 03:07:10 PM
. Fans of Heineken beers including Amstel, Sol and Kingfisher will not be able to find them in Tesco for the foreseeable future after the supermarket refused to accept price increases the brewer blamed on Brexit and the budget. ...
UK-based airlines told to move to Europe after Brexit or lose major routes image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 09:33:08 AM
. EU chiefs have warned airlines including easyJet and Ryanair that they will need to relocate their headquarters or sell off shares to European nationals if they want to continue flying routes within continental Europe after Brexit. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
.... . However, chief executive Veronique Laury warned of future uncertainty caused by Brexit and the French presidential elections. ...
Do not let Brexit ruin car industry, urges chair of London Taxi Company image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 07:51:15 AM
. The chair of the company behind the first new car plant in Britain for more than a decade has urged the UK and European governments not let Brexit ruin the country’s automotive industry. ...
UK millionaires think Brexit will make them even richer, survey finds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:35:35 AM
. Most of Britain’s millionaires reckon Brexit will make them even richer, according to a survey by wealth managers at Swiss bank UBS. ...
FTSE CEOs 'earn 386 times more than workers on national living wage' image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:27 AM
....The trust issues its findings amid growing worries over a squeeze on living standards from sluggish pay growth and rising inflation. The pressures on households stem partly from Brexit worries knocking the pound lower and raising the price of imports to the UK. ...
Handbag designer: 'I am moving manufacturing to Italy' image
Source : BBC [Read Article] Wednesday 22nd of March 2017 12:02:50 AM
. With Theresa May expected to invoke Article 50 next week, kickstarting the process for the UK to leave the EU, BBC News asks if businesses are changing their strategies to cope with Brexit. ...
Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
....“Basically, the UK’s anti-money laundering defences are just not fit for purpose. The government needs a concerted, world-class strategy to deal with this if it’s going to convince people that we are not in a post-Brexit race to the bottom in which corrupt money is welcomed to the UK with open arms. ...
Goldman Sachs to move hundreds of staff out of London due to Brexit image
Source : Guardian [Read Article] Tuesday 21st of March 2017 05:26:34 PM
. Goldman Sachs is to start moving hundreds of staff out of London before a Brexit deal is struck, the bank’s European boss has confirmed. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
....Kirby was on a warning. Having recently been relieved of any involvement in Brexit after everyone realised he was hopelessly out of his depth, the Treasury was conducting a process of elimination to discover if there was anything he could do well. ...
Goldman Sachs to expand EU presence ahead of Brexit image
Source : BBC [Read Article] Tuesday 21st of March 2017 03:00:44 PM
....He indicated the bank would bolster its presence in other European cities over the next 18 months. Other London banks have already said they would move jobs after Brexit. ...
Waitrose axes free coffee for shoppers – unless they buy something first image
.... Earlier this month the company slashed its staff bonus to just 6% of salary, the lowest level since the 1950s, despite a 21% rise in pre-tax profits. The group, which includes the John Lewis departments store chain, said the bonus had been cut to strengthen its balance sheet amid structural changes in the retail sector and rising costs linked to the devaluation of sterling since the Brexit vote. ...
Rising food and fuel prices hoist UK inflation rate to 2.3% image
Source : Guardian [Read Article] Tuesday 21st of March 2017 11:27:08 AM
....The currency effect on inflation, combined with a rise in global oil prices, has brought a rude awakening for UK consumers, who had enjoyed near-zero inflation throughout 2015 and the first half of 2016. A number of companies, including food firms and the tech giant Apple, have announced price rises on the back of the weaker pound, which tumbled to three-decade lows after the Brexit vote. ...
Government borrowing falls in February image
Source : BBC [Read Article] Tuesday 21st of March 2017 11:02:34 AM
....Howard Archer, chief UK and European economist at IHS Markit, said Chancellor Philip Hammond was "clearly keen to keep fiscal ammunition up his sleeve - due to the major uncertainties and downside risks that the economy faces as it navigates its way out of the EU". "Despite the resilience of the economy so far since last June's Brexit vote, the chancellor is very well aware that a challenging road lies ahead," he said. ...
London 'cheaper than New York or Tokyo' after pound's Brexit plunge image
Source : Guardian [Read Article] Tuesday 21st of March 2017 07:00:07 AM
....London has become the cheapest of the world’s major global centres, with the cost of living falling behind that of New York, Paris and Tokyo to its lowest level for two decades. The city’s tumble down the Economist Intelligence Unit (EIU) world rankings is almost entirely due to the Brexit-inspired 15% fall in the value of sterling since the EU referendum last year. ...
Advertising control image
Source : BBC [Read Article] Tuesday 21st of March 2017 12:07:48 AM
....This year, politics has muscled its way onto the stage, as well. Matt Scheckner, the Advertising Week event's founder, says this is not surprising as advertising is "a mirror of the times", whether that's the US presidential election or Brexit. ...
Lord King: Scotland 'could be independent' image
Source : BBC [Read Article] Monday 20th of March 2017 09:34:16 PM
....But he said it could be a challenge to borrow on the international markets. On Brexit, he said his "biggest worry" was "obsessed" politicians ignoring the trade deficit and NHS funding. ...
No major currency problem for Scotland, says Mervyn King image
Source : BBC [Read Article] Monday 20th of March 2017 09:16:47 PM
.... . On Brexit, he said politicians "seem obsessed" with the issue - and other economic challenges risk not getting the attention they deserve. ...
Hard Brexit 'could increase cost of making a car in UK by £2,400' image
Source : Guardian [Read Article] Monday 20th of March 2017 06:34:46 PM
. The cost of assembling a car in Britain could increase by £2,370 in the event of a “hard Brexit”, forcing some manufacturers to look at moving production out of the country, a report has found. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
.... . If all goes according to the two year negotiations allowed for in the official timetable, Brexit should happen in March 2019. ...
Pound slips on Article 50 date image
Source : BBC [Read Article] Monday 20th of March 2017 11:17:08 AM
....Dafydd Davies, partner at Charles Hanover Investments, said: "The financial stocks have all been on a pretty good push over recent sessions, so we are starting to see some short-term profit-taking come in. "We could start to see, as Brexit uncertainty builds, a bit more de-risking on the financials that are particularly exposed to the direct state of affairs in question. ...
Brexit-proof the UK economy with more R&D, say employers image
Source : Guardian [Read Article] Monday 20th of March 2017 07:01:30 AM
. Britain must Brexit-proof its economy by ramping up spending on research and development or risk being left behind in the global race to deliver game-changing innovations in areas such as space tourism and robotics, the country’s leading business group has said. ...
British firms warned over new wave of pay revolts at AGMs image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:59:57 PM
....7tn of savings and investments – is ready to pounce on overly complex bonus deals and payouts that are not linked to performance. Writing for the Guardian, Chris Cummings, the IA chief executive, said: “As the starting gun is fired on this year’s AGM season, businesses around the UK would do well to heed the lessons from Brexit. ...
Executive pay: all eyes on boardroom as AGM season looms  | Chris Cummings image
.... And they are empowered to vote against those rewards if they believe this is not the case. As the starting gun is fired on this year’s AGM season, businesses around the UK would do well to heed the lessons from Brexit. ...
The five best ISA funds that have thrashed the market image
Source : Daily Express [Read Article] Sunday 19th of March 2017 10:22:00 AM
.... . Helal Miah, investment research analyst at The Share Centre, is an admirer: “With 95 per cent of its holdings in international stocks, it has benefited from the weaker pound post Brexit, but performance could slip if sterling strengthens or the US market dips. ...
Rising food costs - what's that got to do with the price of Brexit? image
Source : Guardian [Read Article] Sunday 19th of March 2017 07:00:01 AM
....The expression “what’s that got to do with the price of [insert foodstuff here]?” is supposed to be a put-down riposte to some irrelevant statement, but it has become one of the pressing economic questions of the day. The Brexit vote has weakened the pound which, in turn, is pushing prices up as the cost of imports rise. ...
Unilever is safe, but we need better defences against short-term capitalism image
....The UK, with the world’s most open takeover regime, will be an obvious port of call. That is not a Brexit point, just a recognition that shareholder-first capitalism has rarely enjoyed such favourable conditions. ...
The Observer view on George Osborne as editor of the Evening Standard image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:05:01 AM
.... Osborne may not be quite taking on the burdens his enemies insist. In effect, he may be no more than a hired columnist with added majesty, able to tell Theresa May and the battalions of Brexit where to get off with seeming authority. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
.... The prime minister has made positive noises about tackling exploitation. But they run at odds to hints from her chancellor that a post-Brexit Britain may go for a Singapore-style economy, with even lower corporate tax rates and a scaled-back welfare state that would create even greater insecurity for low-paid workers. ...

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