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.... . Last year's referendum result, she added, "was not just about leaving the EU" but was a vote for a "change in the way the country works". ... [Read full article on BBC ]
Monday 20th of March 2017 11:39:42 AM
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...."Oil is priced in dollars, and sterling has fallen around 13%. since last June's referendum. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:34:06 AM
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....On Brexit, he said his "biggest worry" was "obsessed" politicians ignoring the trade deficit and NHS funding. Theresa May has said it is not the time for a Scottish independence referendum. ... [Read full article on BBC ]
Monday 20th of March 2017 09:34:16 PM
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.... On average just 41% of the parts in a car assembled in the UK are made in this country, meaning leaving the single market could add time and cost to production. However, since the referendum last June Nissan has committed to expanding its factory in Sunderland while Jaguar Land Rover has also pressed ahead with investments in its factories. ... [Read full article on Guardian ]
Thursday 16th of March 2017 11:10:34 AM
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....”. Forster said sterling’s depreciation since the referendum had already hurt LTC’s profit margins, but added: “We will somehow live with it. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 07:51:15 AM
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. The UK government is to reject calls for a Scottish independence referendum before Brexit after Theresa May said "now is not the time". ... [Read full article on BBC ]
Thursday 16th of March 2017 06:01:03 PM
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.... In total, 24 out of 53 Heineken brands are affected, with eight pulled from the shelves altogether. Heineken is understood to have argued that inflation since the Brexit referendum has pushed up its costs, echoing the argument made by Unilever in its dispute with Tesco over the price of Marmite last autumn. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 03:07:10 PM
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....The DIY retailer also trades as Castorama and Brico Depot in France, where sales were much weaker. Despite the rise in profits, Ms Laury warned: "Looking forward, the EU referendum has created uncertainty for the UK economic outlook and we remain cautious on the outlook for France, especially in light of the forthcoming presidential elections. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 09:18:25 AM
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....According to polling data from YouGov, 75% of 18- to 24-year-olds voted to remain in the EU. Three-quarters of the millionaires surveyed by UBS said they thought Brexit would have a positive impact on the overall UK economy in the long term, despite the collapse in the value of the pound since the referendum and concerns that it may be more difficult for the UK to trade goods and service after it leaves the EU. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:35:35 AM
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....But for now, minutes of the latest policy meeting showed eight members of the MPC felt that the current 0. 25% base rate and electronic money-printing programme were appropriate to support the post-referendum economy amid signs that slower pay growth and rising inflation were damping consumer spending. ... [Read full article on Guardian ]
Thursday 16th of March 2017 12:10:58 PM
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....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. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 07:00:07 AM
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.... That was double the rate in the previous month, but we’re not talking about the 5% within six months that his predecessor, Justin King, forecast four months ago for the entire industry. King’s argument was that, since 40% to 50% of food in supermarkets is imported, a 5% increase in prices would be required to compensate for the 10% fall in the pound since the referendum. ... [Read full article on Guardian ]
Thursday 16th of March 2017 07:38:27 PM
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....Housebuilder Berkeley Group has said it expects profits at be at the top end of forecasts this year, as it signalled the housing market in London and the South East had "stabilised". In the seven months since the Brexit referendum result, Berkeley said new home sales had fallen by 16%. ... [Read full article on BBC ]
Friday 17th of March 2017 09:16:55 AM
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....The Office for National Statistics said the main upward effect on inflation came from motor fuels as prices rose by 1. 2% between January and February, reflecting recent increases in global oil prices as well as the pound’s weakness since last June’s referendum. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 11:27:08 AM
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.... But the oil industry’s two-year slump and thousands of job losses mean some residents say the food banks are the now the busiest place in the “energy capital of Europe”. The oil price crash – from more than $100 a barrel when the Scottish independence referendum was held in 2014 to as low as $27 last year – has been tough on the Granite City. ... [Read full article on Guardian ]
Saturday 18th of March 2017 03:59:43 PM
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....More than 1,000 jobs are at risk after shoe retailer Brantano collapsed into administration. The company has suffered from a rise in costs since the post-referendum fall in sterling amid a generally lacklustre UK footwear market. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 05:41:07 PM
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.... The Royal Institute of Chartered Surveyors announced recently that an exit from the single market could lose us 175,000 workers from the construction industry alone. It’s difficult to blame EU nationals inclined to leave: the atmosphere post-referendum has been virulently xenophobic, with those people demanding the deportation of millions of migrants never considering the effect such an exodus will have. ... [Read full article on Guardian ]
Friday 17th of March 2017 06:31:02 AM
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.... It will prove impossible if there is no give and take. Jeremy Browne, the former Liberal Democrat MP who is now the City of London’s special representative to the EU, said at the Lamy talk that the result of the referendum meant Brexit had to happen but that there was no reason why it should be as acrimonious as some are expecting. ... [Read full article on Guardian ]
Sunday 19th of March 2017 11:20:05 AM
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....In truth, of course, Carney is more concerned about inflation than his apparent nonchalance would suggest. A combination of a rebound in oil prices and the fall in the pound since the EU referendum has resulted in a steady increase in inflation since the middle of last year, and there are more price rises in the pipeline. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 04:10:01 PM
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.... It would be equally true to say that, in financial terms, a £20m fine will be lost in the wash of raw sewage. “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. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 07:28:44 PM
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....Oliver started his TV career at the BBC with The Naked Chef in 1999, before defecting to Channel 4 in 2002 to make Jamie’s Kitchen. He blamed lower footfall, the cost of staff training and the higher costs of importing luxury ingredients in a tough market following the EU referendum result for the recent closure of six Jamie’s Italian outlets which affected about 120 employees. ... [Read full article on Guardian ]
Monday 20th of March 2017 03:41:50 PM
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Latest Finance News related to Referendum

The Trump bump for shares is dented – but watch where the oil price goes | Nils Pratley image
.... It would be equally true to say that, in financial terms, a £20m fine will be lost in the wash of raw sewage. “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. ...
Shoe retailer Brantano goes into administration with 1,000 jobs at risk image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 05:41:07 PM
....More than 1,000 jobs are at risk after shoe retailer Brantano collapsed into administration. The company has suffered from a rise in costs since the post-referendum fall in sterling amid a generally lacklustre UK footwear market. ...
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
.... In total, 24 out of 53 Heineken brands are affected, with eight pulled from the shelves altogether. Heineken is understood to have argued that inflation since the Brexit referendum has pushed up its costs, echoing the argument made by Unilever in its dispute with Tesco over the price of Marmite last autumn. ...
Screwfix boosts Kingfisher's profits image
Source : BBC [Read Article] Wednesday 22nd of March 2017 09:18:25 AM
....The DIY retailer also trades as Castorama and Brico Depot in France, where sales were much weaker. Despite the rise in profits, Ms Laury warned: "Looking forward, the EU referendum has created uncertainty for the UK economic outlook and we remain cautious on the outlook for France, especially in light of the forthcoming presidential elections. ...
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
....According to polling data from YouGov, 75% of 18- to 24-year-olds voted to remain in the EU. Three-quarters of the millionaires surveyed by UBS said they thought Brexit would have a positive impact on the overall UK economy in the long term, despite the collapse in the value of the pound since the referendum and concerns that it may be more difficult for the UK to trade goods and service after it leaves the EU. ...
UK wages will soon lag behind prices – will the Bank take action? | Larry Elliott image
....In truth, of course, Carney is more concerned about inflation than his apparent nonchalance would suggest. A combination of a rebound in oil prices and the fall in the pound since the EU referendum has resulted in a steady increase in inflation since the middle of last year, and there are more price rises in the pipeline. ...
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 Office for National Statistics said the main upward effect on inflation came from motor fuels as prices rose by 1. 2% between January and February, reflecting recent increases in global oil prices as well as the pound’s weakness since last June’s referendum. ...
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. ...
Lord King: Scotland 'could be independent' image
Source : BBC [Read Article] Monday 20th of March 2017 09:34:16 PM
....On Brexit, he said his "biggest worry" was "obsessed" politicians ignoring the trade deficit and NHS funding. Theresa May has said it is not the time for a Scottish independence referendum. ...
Jamie Oliver to launch new show as part of deal with Channel 4 image
Source : Guardian [Read Article] Monday 20th of March 2017 03:41:50 PM
....Oliver started his TV career at the BBC with The Naked Chef in 1999, before defecting to Channel 4 in 2002 to make Jamie’s Kitchen. He blamed lower footfall, the cost of staff training and the higher costs of importing luxury ingredients in a tough market following the EU referendum result for the recent closure of six Jamie’s Italian outlets which affected about 120 employees. ...
Article 50: Theresa May to trigger Brexit process next week image
Source : BBC [Read Article] Monday 20th of March 2017 11:39:42 AM
.... . Last year's referendum result, she added, "was not just about leaving the EU" but was a vote for a "change in the way the country works". ...
Brexit Britain is suddenly debating trade – but it's the wrong talking point | Larry Elliott image
.... It will prove impossible if there is no give and take. Jeremy Browne, the former Liberal Democrat MP who is now the City of London’s special representative to the EU, said at the Lamy talk that the result of the referendum meant Brexit had to happen but that there was no reason why it should be as acrimonious as some are expecting. ...
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
.... Taking the job thus may have looked like a great wheeze. But then we know that many whizzy things – including Osborne referendum arguments – have a habit of falling apart. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... But the oil industry’s two-year slump and thousands of job losses mean some residents say the food banks are the now the busiest place in the “energy capital of Europe”. The oil price crash – from more than $100 a barrel when the Scottish independence referendum was held in 2014 to as low as $27 last year – has been tough on the Granite City. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
.... They claimed to be compassionate, yet Osborne and his colleagues snatched money off the poor and sent disabled people to their deaths. The believers in free markets called and bungled the referendum that will drag Britain out of the EU. ...
Housebuilder Berkeley shrugs off Brexit vote to hit profit targets image
....Housebuilder Berkeley Group has said it expects profits at be at the top end of forecasts this year, as it signalled the housing market in London and the South East had "stabilised". In the seven months since the Brexit referendum result, Berkeley said new home sales had fallen by 16%. ...
Downplaying Brexit to overseas investors won't help UK housing crisis | Dawn Foster image
.... The Royal Institute of Chartered Surveyors announced recently that an exit from the single market could lose us 175,000 workers from the construction industry alone. It’s difficult to blame EU nationals inclined to leave: the atmosphere post-referendum has been virulently xenophobic, with those people demanding the deportation of millions of migrants never considering the effect such an exodus will have. ...
Sainsbury's takes inflation hit on the chin as Aldi and Lidl loom | Nils Pratley image
.... That was double the rate in the previous month, but we’re not talking about the 5% within six months that his predecessor, Justin King, forecast four months ago for the entire industry. King’s argument was that, since 40% to 50% of food in supermarkets is imported, a 5% increase in prices would be required to compensate for the 10% fall in the pound since the referendum. ...
Scottish independence: Referendum demand 'will be rejected' image
Source : BBC [Read Article] Thursday 16th of March 2017 06:01:03 PM
. The UK government is to reject calls for a Scottish independence referendum before Brexit after Theresa May said "now is not the time". ...
Bank of England keeps UK interest rates on hold as it warns on inflation image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:58 PM
....But for now, minutes of the latest policy meeting showed eight members of the MPC felt that the current 0. 25% base rate and electronic money-printing programme were appropriate to support the post-referendum economy amid signs that slower pay growth and rising inflation were damping consumer spending. ...
Toyota invests £240m in Derbyshire plant – but warns over Brexit tariffs image
.... On average just 41% of the parts in a car assembled in the UK are made in this country, meaning leaving the single market could add time and cost to production. However, since the referendum last June Nissan has committed to expanding its factory in Sunderland while Jaguar Land Rover has also pressed ahead with investments in its factories. ...
Sainsbury's warns over 'uncertain' impact of pound's Brexit slide image
Source : Guardian [Read Article] Thursday 16th of March 2017 08:22:39 AM
....Sainsbury’s has warned that the impact of cost pressures from the post-Brexit vote decline in the pound remains uncertain as it reported a slight fall in sales at its supermarkets. The UK’s supermarket chains are facing higher import costs following the fall in the pound against the dollar and the euro since the June referendum, as well as some commodity price rises. ...
Jones Bootmaker is on the brink – but it's not all gloom on the high street image
....The last time Britain’s unemployment rate was lower than it is now was in the summer of 1975. For those whose memories don’t stretch that far back it was the time of the UK’s first referendum on EU membership, Harold Wilson was prime minister and inflation was at at postwar peak of more than 25%. ...
US raises benchmark interest rate by 0.25% image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:29:37 PM
.... And yet among these three it is only the Federal Reserve in the US that has taken the anti-inflation step of raising its interest rates from record lows. In the UK, the Bank of England expects inflation to rise above the target due to the decline in the pound after the EU referendum. ...
UK unemployment is as low as 1975 – but why aren't wages rising? image
Source : Guardian [Read Article] Wednesday 15th of March 2017 11:18:08 AM
....The last time Britain’s unemployment rate was lower than it is today was in the summer of 1975. For those whose memories don’t stretch that far back it was the time of the UK’s first referendum on EU membership, Harold Wilson was prime minister and inflation was at at postwar peak of more than 25%. ...
'Lots of nurses have already left': EU workers head for exit image
Source : Guardian [Read Article] Tuesday 14th of March 2017 12:26:28 PM
.... I just feel sadly unwelcome now. I loved London and I will always remember refreshing the Guardian website while counting the referendum results. ...
FTSE 100 slips after Brexit jitters image
Source : BBC [Read Article] Tuesday 14th of March 2017 09:57:01 AM
....But the rise in Prudential shares did not stop the wider market from edging down. Markets were jittery about the imminent triggering of Brexit negotiations and Scotland's call for a second independence referendum. ...
UK economy will grow more strongly than expected, says BCC image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:01:15 AM
....The upside to the weak pound for the economy would be some support for exports, he added. Sterling’s sharp depreciation since the referendum has helped make UK goods cheaper in overseas markets and there has been some evidence that exports have picked up as a result. ...
Brexit leads cosmetics firm Lush to look for expansion outside UK image
Source : Guardian [Read Article] Monday 13th of March 2017 08:00:30 PM
.... It also revealed that more than 80 of its staff took up an offer to move to its new factory in Germany as a direct reaction to the result. The company, based in Poole, Dorset, said last year’s referendum sent shockwaves through the business, in particular the 20% of its staff who do not hold British citizenship who “suddenly felt unwelcome and understandably upset”. ...
Brexit talks: five key challenges facing Theresa May image
Source : Guardian [Read Article] Monday 13th of March 2017 04:36:22 PM
....Theresa May faces five key challenges as she embarks on the negotiations for the UK’s exit from the EU, according to the ratings agency Fitch. As the first country ever to seek a divorce, Fitch said the UK had no established path to copy and that the fraught period since the referendum in June was likely to give way to an even more combative period. ...
The Scottish economy has strengths – but could it make a success of independence? | Larry Elliott image
....Convincing the Scottish people that they would be better off after independence proved beyond Alex Salmond in 2014. Project Fear failed to deliver for David Cameron in the EU referendum last June but it did the trick in Scotland 21 months earlier. ...
No-deal Brexit 'would put UK in worst trading position of rich nations' image
....Both are expected to be removed. The Brexit secretary, David Davis, said the measure was “a simple bill which is designed to do nothing more than put the result of the referendum into law”. ...
Bovis in talks with rival builder Galliford Try after rejecting £1bn offer image
.... “The search for a new chief executive is also progressing well,” it added. Shares in Bovis closed at 828p on Friday, meaning they are still down 19% since the night of Britain’s referendum on EU membership. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
. As the immensity of the consequences of the referendum strikes home, the May government is becoming increasingly dependent on the Conservative party’s rediscovery of the need for “infrastructure” and “industrial strategy”. ...
Brexit is about to get real. Yet we are nowhere near ready for it | Jonathan Freedland image
....This failure to wrestle with what’s coming goes wider. The public conversation since 23 June 2016 has barely differed from the debate before that date, each side – leave and remain – still refighting the EU referendum campaign, uncertain how to get out of the old groove. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
.... Over two days in October he earned £141,752 for giving two speeches, lasting seven hours combined, to US investment bank JP Morgan, which also paid for his travel and accommodation. Most of his speaking work comes via DC-based Washington Speakers Bureau, which describes Osborne as “a prominent campaigner for Britain to remain in the EU, George left the government in July 2016 following the outcome of the referendum”. ...
Brexit, airlines' worst fear, has become their preoccupation image
Source : Guardian [Read Article] Thursday 9th of March 2017 06:29:50 AM
.... For some, it is simply flying into thick fog with no idea where they are going to land. No airline wanted Britain to vote leave in last year’s referendum; easyJet and Ryanair campaigned against it. ...
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
....7bn stimulus to an economy Hammond said had continued to “confound the commentators with robust growth” but he hinted at further measures in the autumn statement. “The deficit is down but debt is still too high,” the chancellor said as he banked a one-off windfall from stronger-than-expected tax receipts since the EU referendum. ...
Philip Hammond's budget is a long way from tackling future challenges | Larry Elliot image
....The chancellor knows that the eerily calm conditions of late 2016 are quite likely to end, which was why the unspoken thrust of his package was to make the UK economy ready for life outside the European Union. Not that it was possible to detect any concern from Hammond’s speech, in which he managed to channel his inner Basil Fawlty by making only a glancing reference to the result of the referendum. ...
George Osborne to be paid £650,000 for working one day a week image
Source : Guardian [Read Article] Wednesday 8th of March 2017 06:34:36 PM
....He was criticised for taking the job earlier this year, because BlackRock may have benefited from reforms to pension rules made while he was chancellor. The Tory MP, who was sacked last July by the prime minister, Theresa May, following the EU referendum, will make the equivalent of £13,000 per day as an adviser to BlackRock, in addition to being eligible for share rewards. ...
Pret a Manger: just one in 50 job applicants are British, says HR boss image
Source : Guardian [Read Article] Wednesday 8th of March 2017 05:36:24 PM
....“[The difficulty], it’s not in selecting, it’s a difficulty in attracting, I would say one in 50 people who apply to our company to work is British. “If I had to fill all our vacancies with British-only people I would not be able to fill them because of the lack of applications,” she said in the first detailed public pronouncement the company has made since the referendum. ...
Philip Hammond keeps his powder dry with a 'boring' budget | Larry Elliott image
....Given the government’s commanding lead in the opinion polls, only pronounced weakness in the economy would have forced Hammond to provide a major fiscal boost through tax cuts and spending increases. But growth has surprised on the upside since the EU referendum last June, with the result that the Office for Budget Responsibility has revised up its forecast for 2017 from 1. ...
Philip Hammond’s budget – our writers give their views | Polly Toynbee, Zoe Williams, Frances Ryan, Faiza Shaheen and Kate Maltby image
....The gathering storm rated barely a mention. Remember how the Brexiteers promised more for everything, especially for the NHS? Now, with borrowing up £100bn more than expected before that referendum vote, and the pound devalued, they will be forced to admit it has meant less, with probable earthquakes to come. ...
Key points of the budget 2017 – at a glance image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:41:30 PM
....RM: May has placed a huge emphasis on keeping the union together. The sums involved are sizeable, but hardly a gamechanger to quell the clamour for a second independence referendum among SNP supporters. ...
Get ready for food inflation to take a bite out of growth | Vicky Pryce image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:37:50 PM
. The better-than-expected performance of the UK economy over 2016, particularly since the EU referendum, has been welcomed but is very unbalanced. ...
Foxtons sees property sales plunge as Brexit vote hits image
Source : BBC [Read Article] Wednesday 8th of March 2017 08:06:35 AM
.... . "Last year's London property market was severely impacted by an unprecedented sequence of events with changes to stamp duty and the EU referendum vote leading to a substantial reduction in property sales transactions, especially in central London," said chief executive Nic Budden. ...
Budget 2017: What it means for Scotland, Wales and Northern Ireland image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 12:00:00 AM
. Amid continued threats by the SNP in Edinburgh for a second independence referendum Scotland has received an extra £350 million as part of an overall investment of £1 billion north of the Border. ...
Vauxhall takeover: Peugeot boss says no plans to shut plants image
Source : BBC [Read Article] Tuesday 7th of March 2017 10:34:22 AM
....Mr Tavares painted a positive picture of the future for the merged company, suggesting sharing assets and expertise and introducing new internal benchmarking at Opel-Vauxhall would improve performance. He said that Opel-Vauxhall could have broken even last year if it had not been for the fall in the value of sterling following the EU referendum vote. ...
In the Vauxhall towns, workers view PSA takeover with unease image
Source : Guardian [Read Article] Monday 6th of March 2017 06:59:58 PM
Brexit budget: what leave and remain voters in Hull and London want image
Source : Guardian [Read Article] Monday 6th of March 2017 08:23:59 AM
....He is worried about the impact that Brexit will have on his farm, which has been in his family since the 1960s and where he grows wheat and barley. Since the referendum the costs of fertiliser have skyrocketed, he says. ...
Budget 2017: The misplaced confidence of the British consumer image
.... And it sums up one of the challenges facing the Chancellor, Philip Hammond, as he prepares for Wednesday's Budget. Consumer confidence appears to be rock-solid, defying gloomy pre-EU referendum predictions that people would rein in spending. ...
GM set to announce Opel and Vauxhall sale on Monday image
Source : BBC [Read Article] Sunday 5th of March 2017 12:03:33 PM
....The two companies already share some production and confirmed last month they were in talks. Opel had hoped to return to profitability by 2016, but the slide in sterling following the EU referendum last June contributed to its 257m euros annual loss. ...
Creative sector fills UK coffers as money pours into film and TV production image
....At a time when the British economy is looking for leadership, step forward Darth Vader, Adele and Queen Victoria. One of the reasons GDP growth has stayed robust since the EU referendum is the UK’s creative sector, which has produced buoyant box office receipts thanks to Star Wars, healthy sales of Adele’s latest album and global demand for homegrown TV productions such as Victoria. ...
UK economy cooling after post-Brexit vote growth, surveys show image
Source : Guardian [Read Article] Friday 3rd of March 2017 11:12:26 AM
....Markit said the slowdown mainly reflected a softer pace of new business growth, with some respondents citing more cautious spending among consumers. “Business confidence nonetheless remained strong, with service providers indicating that optimism was little changed from the post-referendum high recorded at the start of this year,” it said. ...
LSE chief says he'll stay as EU looks set to block Deutsche Börse merger image
....The rationale for the “industry-defining” tie -up was as justifiable as when it was announced a year ago, Rolet said. Announced just months before the EU referendum, the third attempt at merger between the two exchanges was controversial from the outset as it gives Deutsche Börse 54% ownership of the enlarged business but puts its headquarters in London. ...
Jimmy Choo revenues boosted by menswear range image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:15:36 AM
....Terror attacks in Europe reduced spending by tourists and slowed sales, but it said trends improved in the second half of last year. It said the drop in sterling following the UK referendum to leave the EU, had an impact on "the financial results and client purchasing behaviour. ...
Capita boss to quit amid profit fall image
Source : BBC [Read Article] Thursday 2nd of March 2017 08:19:35 AM
....In September last year, the firm issued a profit warning after delays in implementing new IT systems for the congestion charge. It has also seen a slowdown in other parts of its business and delays in client decision-making, which it said were probably "compounded by the UK's referendum decision to leave the EU market". ...
Ford Bridgend: Welsh secretary 'optimistic' over future image
Source : BBC [Read Article] Thursday 2nd of March 2017 06:05:24 AM
....". He said Nissan's investment in Sunderland since the referendum would boost Wales component companies while he also wanted to help secure jobs at Toyota's engine plant on Deeside, Flintshire. ...
ITV shouldn't get away with blaming Brexit for falling revenues | Nils Pratley image
.... ITV’s shares rose 4. 5% to close at their highest price since last June’s referendum as the broadcaster demonstrated again that it is very good these days at generating cash and distributing the spoils to investors. ...
Government defeated on Brexit bill image
Source : BBC [Read Article] Wednesday 1st of March 2017 07:06:57 PM
....The Department for Exiting the EU said: "We are disappointed the Lords have chosen to amend a bill that the Commons passed without amendment. "The bill has a straightforward purpose - to enact the referendum result and allow the government to get on with the negotiations. ...
Unite blames Brexit as Ford prepares to cut 1,160 Welsh jobs image
Source : Guardian [Read Article] Wednesday 1st of March 2017 05:57:25 PM
....”. Sources familiar with the firm’s plans said the decision was not affected by Brexit, despite the fact that Ford has previously warned that the EU referendum decision could cost the company $1bn (£810m) and force it to cut costs. ...
Jaguar Land Rover pledges 'heart and soul' to UK as new model debuts in Solihull image
....”. The UK car industry backed the remain campaign in last year’s EU referendum, and has since warned that British manufacturing is at risk of “death by a thousand cuts” if companies choose to invest in other countries after the Brexit vote. ...
London's 'Cheesegrater' sold to Chinese tycoon for more than £1bn image
Source : Guardian [Read Article] Wednesday 1st of March 2017 12:51:54 PM
....The sale suggests investor interest in UK property remains strong, despite Britain’s vote to leave the EU last summer. The weak pound has drawn in global investors, despite uncertainty created by the referendum. ...
Closed doors? image
Source : BBC [Read Article] Wednesday 1st of March 2017 12:04:15 AM
....Canada and Australia could be the unanticipated beneficiaries from Brexit in the competition for international students, entrepreneur and university leader Lord Bilimoria has said. The Indian-born chancellor of the University of Birmingham said an "anti-immigrant" backlash from the Brexit referendum and disputes over student visas could see UK universities losing overseas students. ...
Dyson shrugs off Brexit fears with massive UK expansion plan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:19:58 PM
.... 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. ...
Spring budget 2017: drop in government borrowing predicted image
Source : Guardian [Read Article] Tuesday 28th of February 2017 12:01:13 AM
.... It believes borrowing forecasts will be cut by a cumulative £29bn between 2015-16 and 2020-21. But it expects much of that improvement to be felt in the near term, reflecting the fact that most forecasters expect the economy to slow over coming years on the back of uncertainty around Britain’s future trading relationships and as consumer spending takes a hit from the pound’s post-referendum weakness. ...
Primark still in fashion for UK shoppers image
Source : BBC [Read Article] Monday 27th of February 2017 12:53:09 PM
....However, the company warned the weak pound could squeeze margins at Primark, which accounts for about half its profits. Sterling has fallen 16% against the US dollar since the EU referendum last June and 10% against the euro, making imports to the UK more expensive. ...
FTSE 100 shrugs off fall in insurance shares image
Source : BBC [Read Article] Monday 27th of February 2017 09:27:14 AM
....25% higher after the housebuilder reported a 23% rise in annual profits and gave an upbeat description of recent trading. On the foreign exchanges, the pound edged lower against most other currencies, with analysts putting the fall down to speculation about another referendum on Scottish independence. ...
Housebuilder Persimmon's profits rise amid 'confident' market image
Source : BBC [Read Article] Monday 27th of February 2017 08:32:01 AM
...."The UK new build housing market remains confident with customer demand for new homes supported by compelling mortgage products," the company said. However, it added that it remained "wary of the risks and increased uncertainties associated with the EU referendum result". ...
LSE/Deutsche Börse merger on brink of failure over EU demand image
Source : Guardian [Read Article] Monday 27th of February 2017 01:58:11 AM
....”. The deal has been controversial from the outset after it was announced just months before the EU referendum. ...
Chris Grayling tells Japan: some of our trains are superior to yours image
Source : Guardian [Read Article] Sunday 26th of February 2017 05:03:58 PM
....Japan’s investment in the UK also includes Hitachi Rail Europe’s £82m train manufacturing plant in Newton Aycliffe, County Durham. However, Hitachi chairman Hiroaki Nakanishi warned before June’s EU referendum that a Brexit vote could result in a reduction of investment and job losses at the Newton Aycliffe site. ...
Brexit is a Whitehall farce that threatens the heart of Europe image
Source : Guardian [Read Article] Sunday 26th of February 2017 07:00:23 AM
....Although I continue to emphasise the economic damage likely to result from cutting ourselves off from half of our export market, in common with many Remainers I am also exercised by the geopolitical risks in any move that encourages the current outbreak of nationalism in Europe. One of the many depressing aspects of the referendum has been the way some of the more extreme Brexiters have been exulting in interpreting it as the first step on the road to the break-up of the European Union. ...
If EU workers go, will robots step in to pick and pack Britain’s dinners? image
Source : Guardian [Read Article] Saturday 25th of February 2017 04:00:05 PM
....Some farmers say planned increases in minimum pay alone would put them out of business if they did not find ways to improve productivity, or the amount of economic output per hour worked. The fall in sterling since the referendum has already reduced eurozone residents’ enthusiasm for working in the UK because it has reduced the value of the money they can send home. ...

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