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....The main reason inflation is rising in the UK is because of Brexit. Import prices have risen because of the fall in the value of the pound, which is down about 13% to the dollar from $1. ... [Read full article on Guardian ]
Thursday 20th of July 2017 02:20:35 PM
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....Premier said retailers are also cutting back on promotions, and it blamed the warm June weather for slowing sales of cooking sauces, flavourings and seasonings. The company has also been hit by rising costs linked to the fall in the pound since the Brexit vote. ... [Read full article on Guardian ]
Thursday 20th of July 2017 08:29:00 AM
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....“In any case higher inflation should prove transitory, falling back to 2% by the end of 2018. Indeed, there are already signs that the effect of the weaker pound on retailers’ costs is starting to wane. ... [Read full article on Guardian ]
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....7m in the year to the end of April. Ashley, the company’s billionaire founder, chief executive and majority shareholder, blamed the fall in profits on the decline in the value of the pound against the dollar, which he said had a “significant impact”. ... [Read full article on Guardian ]
Thursday 20th of July 2017 06:53:53 AM
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....”. He said music fans had been ripped off to the tune of thousands of pounds by buying unofficial concert tickets through Viagogo, which had then been cancelled by the artists’ promoters. ... [Read full article on Guardian ]
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Latest Finance News related to Pound

MPs threatened with arrest after protest at Viagogo office in London image
Source : Guardian [Read Article] Thursday 20th of July 2017 04:48:26 PM
....”. He said music fans had been ripped off to the tune of thousands of pounds by buying unofficial concert tickets through Viagogo, which had then been cancelled by the artists’ promoters. ...
Warm weather drives UK shoppers back to the high street image
Source : Guardian [Read Article] Thursday 20th of July 2017 02:21:55 PM
....“In any case higher inflation should prove transitory, falling back to 2% by the end of 2018. Indeed, there are already signs that the effect of the weaker pound on retailers’ costs is starting to wane. ...
The cost of living crisis is down to Brexit. The chickens are coming home to roost | David Blanchflower image
....The main reason inflation is rising in the UK is because of Brexit. Import prices have risen because of the fall in the value of the pound, which is down about 13% to the dollar from $1. ...
Mr Kipling maker hit by shoppers' switch to own-label products image
Source : Guardian [Read Article] Thursday 20th of July 2017 08:29:00 AM
....Premier said retailers are also cutting back on promotions, and it blamed the warm June weather for slowing sales of cooking sauces, flavourings and seasonings. The company has also been hit by rising costs linked to the fall in the pound since the Brexit vote. ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
....7m in the year to the end of April. Ashley, the company’s billionaire founder, chief executive and majority shareholder, blamed the fall in profits on the decline in the value of the pound against the dollar, which he said had a “significant impact”. ...
The coal truth: how a major energy source lost its power in Britain image
Source : Guardian [Read Article] Wednesday 19th of July 2017 04:16:25 PM
....Rather than running all year as they used to, they now fill the gaps in the energy system when output from wind turbines and solar panels is low. Almost all have secured subsidies worth hundreds of millions of pounds to provide backup power in coming winters, under a new scheme known as the capacity market. ...
Drax looking at 'coal-free future' as it reveals £83m pre-tax loss image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:33:16 AM
....A large chunk of the £83m loss – the £65m lost on currency hedging – was a result of the volatility of the value of sterling since the Brexit vote. The company buys its wood pellets from North American mills and hedges five years ahead to protect itself, resulting in a gain last June when the pound fell significantly after the EU referendum, and the £65m loss as sterling recouped some of its loss in value. ...
End of the 'rip-off': all charges for paying by card to be banned image
Source : Guardian [Read Article] Tuesday 18th of July 2017 11:01:04 PM
. All extra charges added to payments for goods and services made by card are to be outlawed, ending a “rip-off” that costs Britons hundreds of millions of pounds a year, the government has announced. ...
Jane Austen banknote unveiled – with strange choice of quotation image
Source : Guardian [Read Article] Tuesday 18th of July 2017 01:40:23 PM
....Tuesday’s banknote launch is one of a series of events taking place to mark the 200th anniversary of Austen’s death, including the unveiling of a statue in Basingstoke, near her birthplace. Austen, who wrote keenly about money, might have been interested in research from Aviva claiming that the £10 pound note has a relative purchasing power of only 13p compared with what it could buy in 1817. ...
Surprise drop in UK inflation is good news for consumers | Larry Elliott image
....Last month’s fall, while much bigger than anybody in the financial markets was expecting, does not mean that inflation has reached a turning point. The coming months are likely to see some further moves upwards in the cost of living, but in the absence of a fresh fall in the value of the pound or a spike in oil prices the peak is not that far away. ...
Lower fuel prices slow pace of UK inflation image
Source : Guardian [Read Article] Tuesday 18th of July 2017 08:56:34 AM
UK growth will slow as consumer spending is squeezed, forecasts PwC image
Source : Guardian [Read Article] Tuesday 18th of July 2017 05:01:11 AM
....7% in the fourth quarter meant expansion was stronger in the second half of the year than in the first half. But the consultancy firm said the economy had slowed markedly in the first half of 2017 and pointed to a sharp reduction in housing transactions as evidence of the blow to purchasing power caused by the decline in the value of the pound since the referendum. ...
UK inflation figures will shine light on impact of pound's Brexit slide image
. Fresh evidence of the impact of the post-Brexit depreciation in the value of the pound will be revealed on Tuesday with the release of the latest set of official inflation figures. ...
Cost of UK car insurance leaps 11% to record high image
Source : Guardian [Read Article] Monday 17th of July 2017 11:01:03 PM
....Which? also blames mounting repair costs as motorists pay the price for advances in technology. Repairs to cameras, sensors and other hi-tech features can run into thousands of pounds. ...
New £10 unveiled: Everything you need to know about the Jane Austen note image
Source : Daily Express [Read Article] Monday 17th of July 2017 09:53:00 PM
....Banknote equipment manufacturers have already started to work on adapting machines to fit the new tenner, and new ATM parts are being ordered. Following the release of the five pound note, which features winston churchill’s face, collectors scrambled to get the first prints. ...
HS2 supporters boast of benefits – but costs keep going off the rails | Nils Pratley image
....But there was, perhaps, another factor to make her decision easier: there is no financial penalty whatsoever for McCall in quitting easyJet early. That is because ITV will simply pick up the tab for her unvested share awards, a sum that will likely run to a few million pounds depending on easyJet’s performance and share price at the end of the year. ...
Karren Brady to chair firm that owns Philip Green's Arcadia group image
Source : Guardian [Read Article] Monday 17th of July 2017 02:40:37 PM
....Grabiner, a barrister, insisted to MPs that he had been a “responsible” chairman, despite not being invited to a key board meeting that discussed the sale of BHS to a group led by Dominic Chappell, a former bankrupt, for £1. About a year later the department store group collapsed with the loss of 11,000 jobs and leaving a multimillion pound pension deficit. ...
Barclays bank and former bosses to stand trial in January 2019 image
Source : Guardian [Read Article] Monday 17th of July 2017 11:52:18 AM
....John Varley, the former boss of Barclays, will stand trial alongside three former colleagues and the bank itself in January 2019, Southwark crown court was told on Monday. Varley is charged along with Roger Jenkins, Tom Kalaris and Richard Boath over the way the bank raised billions of pounds from Qatar in 2008. ...
Investors received record-breaking dividends in 2017, research shows image
Source : Guardian [Read Article] Monday 17th of July 2017 06:01:43 AM
....6%. Justin Cooper, a spokesman for Capita Asset Services, said: “Shareholders can be thankful they had punchy special dividends and the weak pound in their corner, but improving profits have also played their part. ...
How credit score agencies have the power to make or break lives image
Source : Guardian [Read Article] Monday 17th of July 2017 06:00:43 AM
.... The default has now been removed. Many people, like Nasser, are only dimly aware of credit reference agencies – multimillion-pound companies which lurk in the background of our lives but which have the power to make or break our financial decisions. ...
UK business confidence at lowest point for six years, say forecasters image
....”. He said consumer spending, the economy’s main engine of growth, would continue to lose momentum as the pound’s collapse since the Brexit vote continued to stoke inflation. ...
UK housing market shrugs off concerns of Brexit slowdown image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
. The UK housing market is shrugging off concerns in the wider economy following the Brexit vote, compounding problems for many first-time buyers still wrestling with the strongest year-on-year price rises in the market. ...
UK 'sleepwalking' into food insecurity after Brexit, academics say image
Source : Guardian [Read Article] Sunday 16th of July 2017 11:01:34 PM
....But, Hammond insisted, the cabinet was now “coming much closer together” on EU issues. The food report notes that with the UK importing 80% of its fresh vegetables and 40% of fresh fruit, a falling pound, and potential tariffs and costs from customs delays there could be significant price rises, the report said. ...
Low-paid should receive inflation-only rises, say business leaders image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:13:15 PM
....9% in May and June. The figures will extend the squeeze on household finances as inflation outstrips wages, with the CPI having soared as the Brexit-hit pound pushed up the price of imported goods. ...
Poundland delays launch of Twin Peaks chocolate bar amid legal row image
Source : Guardian [Read Article] Sunday 16th of July 2017 02:09:27 PM
....It cut the weight of two bars from Toblerone’s UK range with 400g bars falling to 360g while the 170g bars, which are one of Poundland’s best sellers, slimmed to 150g. Mondelez, the owner of Toblerone, said the change was not Brexit related, but the fall in the value of the pound after last summer’s EU referendum was seen by many as a likely contributing factor to the firm’s rising costs. ...
Aramco may be big, but fawning to Saudis diminishes London image
Source : Guardian [Read Article] Sunday 16th of July 2017 06:00:14 AM
.... Wages are growing at a sluggish pace and business investment has almost evaporated. To make matters worse, the fall in the pound that has generated much of the increase in prices, particularly for food and clothes, has done little to improve the trade deficit. ...
British Airways cabin crew strikers prepared for long haul image
Source : Guardian [Read Article] Saturday 15th of July 2017 03:00:09 PM
.... The union says £16,000-17,000 is a typical figure, and crew at the Westminster rally agree: one, now a customer service manager earning £27,000, says they had worked for five years before promotion “and every P60 says I’ve earned under £20k”. Long-haul stopovers have lost their allure for many, with allowances that do not cover the cost of the cheapest meal in most airport hotels abroad where staff stay – even before the value of the pound tumbled. ...
'The lipstick effect': Britons treat themselves as budgets tighten image
Source : Guardian [Read Article] Saturday 15th of July 2017 08:00:01 AM
....They also try to cut down on waste – leading to higher sales of frozen food. Holidays abroad are also likely to suffer – especially since the slumping pound has made European destinations more expensive. ...
Could you spot a bogus Airbnb listing among the genuine ones? image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
.... Now Airbnb is denying any liability. Renters and people seeking short-term holiday lets are being warned to think twice before signing up for “too good to be true” tenancies, after a sophisticated online scam was uncovered aimed at stealing thousands of pounds from would-be tenants, writes Alex Hern. ...
As car insurance costs rise, the over-65s are urged to switch image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
.... Another is the controversial compensation rules for serious injuries announced in February, which insurers said would “overcompensate” those hurt in car accidents. A third is the fact that motorists appear to be paying the price for advances in technology, as repairs to cameras, sensors and other hi-tech features can run into thousands of pounds. ...
A weighty issue: is there something fishy about tins of tuna? image
Source : Guardian [Read Article] Saturday 15th of July 2017 06:00:45 AM
....Back in east London it’s not all bad news. Jennings says his short measures of tuna are helping him shed the pounds. ...
Jeremy Clarkson TV firm made £8m profit after Amazon's Grand Tour image
Source : Guardian [Read Article] Friday 14th of July 2017 10:09:41 AM
.... Hammond and May also quit the BBC following the departure of Clarkson. At the BBC, he made tens of millions of pounds from Top Gear’s huge international success from Bedder 6, a company he set up with the corporation’s commercial arm, BBC Worldwide. ...
Post-Brexit London is open for business (no matter how grubby) image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:21:05 PM
....At this stage, all that can reasonably be said is that Soriot’s departure would be extraordinary. At AstraZenca, he’s running one of the world’s finest pharmaceutical companies with a multibillion-pound budget to pursue pioneering research and development. ...
Rise in credit card default rate adds to concerns over household finances image
....It comes as family finances are put under increasing strain by a sustained period of falling real pay, as inflation outpaces wage growth, shrinking disposable incomes. The sharp fall in the value of the pound since the Brexit vote a year ago has driven up the cost of goods imported from abroad and led to higher prices in the shops. ...
UK public finances face twin threat from Brexit and downturn, says OBR image
Source : Guardian [Read Article] Thursday 13th of July 2017 12:07:53 PM
....The Liberal Democrat spokesman Vince Cable warned that the underlying weakness of government tax receipts and a “reckless approach to Brexit” were a toxic recipe likely to damage the economy. “Even a small deterioration in growth could mean billions of pounds less funding for our public services in the long term,” he said. ...
Is paying off the mortgage a better bet than saving? image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:00:00 AM
. Q We are a family with some savings – around £70,000 – but are worried they might be worth less once Brexit is decided: ie, the pound will go downhill. ...
Burberry drops plans to redevelop Leeds mill despite pick-up in sales image
Source : Guardian [Read Article] Wednesday 12th of July 2017 01:52:25 PM
....” She said there had also been a rise in Chinese shoppers heading to Hong Kong, after a long period of decline. The UK remained Burberry’s fastest-growing market as international travellers continued to take advantage of the drop in the value of the pound since last year’s Brexit vote to pick up a bargain. ...
RBS to pay $5.5bn penalty over US loan misselling scandal image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:55:36 PM
....2bn) to US regulators for misselling toxic mortgage bonds in a “stark reminder” of its behaviour in the run-up to the financial crisis. The penalty from the Federal Housing Finance Agency is one element of a multibillion-pound bill that the 71% taxpayer-owned bank faces to resolve long-running disputes with authorities in the US over the sale of mortgages packaged into bonds more than a decade ago. ...
FCA warns it may intervene as millions take pension cash early image
Source : Guardian [Read Article] Wednesday 12th of July 2017 12:33:01 PM
....More than two years after the government brought in a range of pension freedoms, the Financial Conduct Authority concluded that accessing pension pots early had become “the new norm”. The regulator warned that early intervention may be needed to ensure this multibillion-pound market worked well. ...
Big Six energy companies switch: Leave pricey legacy tariffs behind image
Source : Daily Express [Read Article] Wednesday 12th of July 2017 10:31:00 AM
. Millions of households who have stayed loyal to the Big Six energy companies are being charged hundreds of pounds over the odds for gas and electricity as a result. ...
Energy networks' £7.5bn windfall 'should be returned to consumers' image
Source : Guardian [Read Article] Tuesday 11th of July 2017 11:01:08 PM
....The energy regulator had also overestimated the business risks faced by the companies, and did not foresee an unprecedented period of low interest rates and bond returns, the charity said in a report published on Wednesday. Gillian Guy, chief executive of Citizens Advice, said: “Energy network firms are enjoying a multibillion pound windfall at the expense of consumers. ...
Coca-Cola to increase amount of recycled plastic in its bottles image
Source : Guardian [Read Article] Tuesday 11th of July 2017 09:09:29 PM
....3bn, according to the most up-to-date estimates from Euromonitor International’s global packaging trends report. Coca-Cola said it would hit its 50% target by investing millions of pounds in “Europe’s largest and most advanced plastic bottle recycling facility” based in Lincolnshire. ...
Chancellor urged to recover money lost from recruitment sector tax avoidance image
. The chancellor is being asked to reassure parliament that he will recover any monies lost to aggressive tax avoidance in the recruitment sector, after a Guardian investigation exposed how millions of pounds could be lost to the exchequer. ...
Bar and restaurant chains scale back UK expansion as costs rise image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:52:05 PM
....Bars, pubs and restaurant chains are pulling back on expansion and may close outlets amid big rises in food and drink costs. Food price inflation for licensed businesses is running at 9% according to the Association of Licensed Multiple Retailers, while drink costs are rising by up to 7%, partly as a result of the fall in the value of the pound since last year’s Brexit vote. ...
Retiring abroad: How can I cut the costs of moving away in later life? image
Source : Daily Express [Read Article] Tuesday 11th of July 2017 11:18:00 AM
....Take the time to research different international money transfer providers and you’ll find that some leading currency brokers do not charge transfer fees – so you will make immediate savings. Currency brokers are also able to secure more competitive exchange rates, and with the difference of a couple of cents per pound potentially saving you thousands on larger currency transfers, getting the best exchange rate is key. ...
Mortgage rates: Home buyers urged to switch to record low loans 'before it's too late' image
.... In recent weeks policymakers have warned that families should start to prepare for an increase in rates. Households could save hundreds of pounds by switching their mortgage from a Standard Variable Rate (SVR) to one of the more competitive mortgages on the market. ...
Recruitment advisers' tax scheme liquidated after HMRC asks questions image
. An aggressive tax avoidance scheme, linked to one of the recruitment industry’s highest-profile names, is being liquidated in a move that could prevent HM Revenue and Customs from recouping millions of pounds. ...
Driver complaints about car park fine policies hit unprecedented levels image
.... [Smart Parking] acts as judge, jury and executioner. Confusion is compounded by the fact that the ticket machines calculate the required parking time from the moment payment is made. ...
It’s a testing time for BA passengers who lost out in IT chaos image
Source : Guardian [Read Article] Monday 10th of July 2017 06:00:06 AM
.... It will not, it has told Guardian Money, pay any consequential losses. This has left lots of customers nursing large losses – in many cases running into thousands of pounds. ...
Brexit breaks breakfast? Hard Brexit could mean hard luck for fry-up fans image
....Consumer budgets are under mounting pressure as the sharp fall in sterling’s valuesince the Brexit vote last year pushes up the prices of goods imported from abroad and drives shop prices higher. The pound is currently trading at about $1. ...
Bank of England: pay figures will fuel raging interest rate debate image
Source : Guardian [Read Article] Sunday 9th of July 2017 09:10:15 AM
.... Investors and policymakers alike are looking for any signs that a tight labour market can translate into faster pay growth, a trend that has so far proved elusive this year. If wages do start to get going again, the pound is likely to rally as traders price in a greater chance of a 2017 interest rate rise. ...
In other circumstances, we’d raise rates. But with Brexit looming, how can we? image
.... With inflation already at 2. 9%, the thinking goes that the effect of the weaker pound on import costs, although waning in the second half of the year, will be superseded by higher wages as a spur for inflation. ...
Brexit hitting house prices is A MYTH: THIS is the real issue, says top estate agent image
. The estate agent has seen home hunters from across Asia and the Middle East flocking to scoop up property amid the weaker pound, cancelling out a pause among European buyers. ...
Get rich quick? Not with Utility Warehouse image
Source : Guardian [Read Article] Saturday 8th of July 2017 06:00:00 AM
. It’s a money-making opportunity being promoted by Joanna Lumley where, for just a few hours’ work a week, “you will quickly find yourself earning an extra few hundred pounds each month”. ...
UK to fund research into letting electric cars return power to grid image
. The UK plans to invest millions of pounds to explore how the batteries in thousands of electric cars could help the power grid and drive take-up of the cleaner vehicles. ...
Fears for UK economy after weaker-than-expected growth reports image
Source : Guardian [Read Article] Friday 7th of July 2017 11:37:06 AM
....A drop in manufacturing output, a slowdown for the construction industry and a widening in Britain’s trade deficit have doused expectations that the Bank of England will raise interest rates over the coming months. The pound dropped sharply against the dollar and euro on Friday after the latest signs that the economic resilience seen after last summer’s Brexit vote has waned. ...
Butter price at all-time high as dairy production curdles image
Source : Guardian [Read Article] Friday 7th of July 2017 11:28:15 AM
.... British cake producers have said the rising cost of butter will bump up their prices. Inflation has also been pushed up, as the rise in the value of the euro against the pound has made it more profitable to sell dairy produce abroad. ...
UK workers earning £2.50 an hour prompts call for government action image
Source : Guardian [Read Article] Thursday 6th of July 2017 09:00:07 PM
....com. Complaints raised by staff interviewed for the report include being fined hundreds of pounds unless they worked while ill, while others said that self-employment meant they ended up earning as little as £2. ...
British strawberries could cost 50% more because of Brexit, MPs told image
Source : Guardian [Read Article] Thursday 6th of July 2017 05:27:19 PM
....”. A combination of the fall in the pound, uncertainty over the status of EU migrants after the Brexit vote and the improving wages in countries like Poland, meant seasonal labour was becoming harder to recruit, Parish said. ...
Household income falls at fastest pace for five years  image
Source : Daily Express [Read Article] Thursday 6th of July 2017 03:42:00 PM
.... . The Office for National Statistics (ONS) said the drop was driven by surging inflation as the Brexit-hit pound has sent the cost of imported goods and services soaring. ...
Mike Ashley tells high court: I'm a power drinker, I like to get drunk image
....”. Ashley denied Blue’s allegations that he paid senior Sports Direct managers multimillion-pound bonuses from his personal funds to artificially keep down the pay of other staff. ...
UK faces tightest squeeze on household incomes for five years image
Source : Guardian [Read Article] Thursday 6th of July 2017 12:57:38 PM
....Households have been hit by a double whammy of slow wage growth and rising inflation. The pound’s weakness since the EU referendum last summer has made imports to the UK more expensive and firms are passing their higher costs on to consumers. ...
Chip: the robot banker trying to pull millennials out of their overdrafts image
....And yet their spending habits are atrocious: the typical Chip user spends a third of the month in their overdraft, every month, constantly fluctuating between feeling moderately well-off and unable to make ends meet. Those users, who are throwing upwards of 100 pounds a year at a problem which is so easily solvable, also provide the wider motivation behind Chip, as well as a guide to the service’s future growth: Rabin wants to destroy the overdraft. ...
AB Foods lifted by Primark sales boost image
Source : BBC [Read Article] Thursday 6th of July 2017 08:19:29 AM
....In addition, it said continued production difficulties in some factories meant that "we also expect to lose some further revenue permanently". On the currency markets, the pound was flat against the dollar at $1. ...
Massive cyber-attack could cost Nurofen and Durex maker £100m image
Source : Guardian [Read Article] Thursday 6th of July 2017 07:38:33 AM
....The company has operations in more than 60 countries and sells its products around the world, employing about 37,000 people globally. The sharp fall in the value of the pound since the Brexit vote has benefited companies like Reckitt Benckiser, because it has significant operations outside the UK. ...
Fuel savers image
Source : BBC [Read Article] Wednesday 5th of July 2017 11:12:32 PM
...."It is a very hot topic," says Prof David Shipworth at University College London, referring to the rise of AI technologies in the tech and energy sectors. "If companies can avoid doing upgrades [of physical infrastructure] and things like that, that can save hundreds of millions of pounds," he explains. ...
Six new things we know about Mike Ashley image
Source : BBC [Read Article] Wednesday 5th of July 2017 08:12:56 PM
....Mike Ashley took the witness stand at the High Court today to give evidence in a case brought by a former employee who is suing him for £14m. It was a chance to hear about the business practices of one of Britain's most unusual self-made men, who built Sports Direct from a single shop into a multi-billion pound business. ...
EasyJet's Carolyn McCall is favourite to take over at ITV image
Source : Guardian [Read Article] Wednesday 5th of July 2017 07:48:15 PM
.... She was appointed a dame for services to the aviation industry last year. In November, easyJet revealed a sharp fall in annual pre-tax profits – its first decline in six years – and expects a further drop this year after the budget airline was hit by the weak pound and was forced to cut prices. ...
Worldpay shareholders should decline its meek merger deal | Nils Pratley image
.... Given that Worldpay’s shares traded at 320p on Monday, the takeover premium is miserable. To compound shareholders’ disappointment, the other possible bidder – JP Morgan – immediately dropped out of the race. ...
Rangers tax case: supreme court rules in favour of HMRC image
Source : Guardian [Read Article] Wednesday 5th of July 2017 05:02:13 PM
....“It gives HMRC the authority to pursue them for income tax without the need to embark on a further series of legal actions,” he said. “The process of issuing follower notices to recoup payment of what is expected to be tens of millions of pounds in income tax could begin almost immediately. ...
What impact is Brexit having on foreign property prices? image
Source : Daily Express [Read Article] Wednesday 5th of July 2017 04:49:00 PM
.... . In the immediate aftermath of the vote, the pound nosedived due to the uncertainty over how Brexit would impact the UK economy. ...
Worldpay buyout by Vantiv reignites debate over foreign takeovers image
Source : Guardian [Read Article] Wednesday 5th of July 2017 03:04:35 PM
....7bn potential takeover by US rival in a move that has rekindled the debate about foreign takeovers. The cash-and-shares offer makes Worldpay the latest British company to be snapped up by a foreign buyer after the Brexit vote, which triggered a sharp fall in the value of the pound. ...
Sir Owen Green obituary image
Source : Guardian [Read Article] Wednesday 5th of July 2017 02:14:17 PM
.... Although BTR (formerly Birmingham Tyre and Rubber) was later forced to raise its opening bid, the fate of Dunlop, already struggling to survive, had been sealed. Edwardes, then riding high in the corporate world on a reputation gained from turning around the troubled car maker British Leyland, had been brought in to save Dunlop, which had debts of half a billion pounds. ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
. Mike Ashley has accused a former colleague of trying to extort millions of pounds from him by making out that a joke during “ludicrous” drunk banter amounted to a £15m business deal. ...
Ken Loach thinks Brexit will be bad for British films image
Source : BBC [Read Article] Wednesday 5th of July 2017 12:03:52 PM
....I, Daniel Blake was a collaboration with companies from France and Belgium. But, since the referendum, Hollywood studios are spending more in the UK - partly because of the pound's drop. ...

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