Brexit secretary David Davis calls European Parliament Guy Verhofstadt “friend” as he smooths ruffled EU feathers after Irish border misspeak December 12, 2017 Upate: David Davis has taken to Twitter to stress the importance of last week’s joint agreement on Brexit, saying he will work with his EU counterparts to “get it converted into legal text as soon as possible”. The Brexit secretary – who rarely uses the social media platform – was speaking after it had become [...]
Bitcoin demand is not causing a “mass exodus” from gold, Goldman Sachs says December 12, 2017 Bitcoin’s meteoric rise this year has not stifled demand for gold, Goldman Sachs has argued. Commodities investors have feared bitcoin’s rocketing value would take the shine off gold, but Goldman said investors in gold and bitcoin had key differences. For one, gold investors who use exchange-traded funds (ETFs), futures or commodities indices are automatically covered [...]
The Labour danger: Pricing in the possibility of a Corbyn-led government December 12, 2017 It has been 18 months filled with political surprises, and at a time when nothing seems to be off the cards, the possibility of a Corbyn-led government perhaps isn’t as farfetched as some of us imagined. While many businesspeople are praying this never comes to light, it’s still a risk that can’t be ignored. [...]
UK real wages to drop in 2018 due to Brexit and inflation, report says December 12, 2017 A combination of the effects of Brexit and rising inflation will push UK wages down next year, according to new research from US firm Korn Ferry. A report from the group reveals that, adjusted for inflation, employees in the UK are expected to see a real wage decrease of 0.5 per cent in 2018, compared [...]
UK house prices: Property price growth has fallen for the third month in a row December 12, 2017 House price growth in the UK dropped again in October, according to official figures, the third month in the row it has fallen. Property prices rose 4.5 per cent in the year to October, down from 4.8 per cent in September and 5.1 per cent in August. On a monthly basis, prices fell 0.5 per [...]
Bitcoin price (BTC) rocketing is spurring people to mortgage their home to buy cryptocurrency December 12, 2017 And the bitcoin craze continues… So eager are people to get in on the latest trend they are taking out mortgages on their homes to buy up the rocketing cryptocurrency, according to one US regulator. Read more: Bitcoin is in serious danger of becoming very boring People are borrowing cash against their home for bitcoin, [...]
UK inflation hits 3.1 per cent December 12, 2017 Inflation hit 3.1 per cent in November, meaning Bank of England (BoE) governor Mark Carney must write to the Treasury with an explanation for the rise. November’s consumer price index (CPI) reading was expected to remain unchanged at three per cent for the third month in a row. CPI has been above the Bank of [...]
Brent crude oil prices climb past $65 a barrel on Forties pipeline shutdown December 12, 2017 Brent crude oil prices shot up more than one per cent today to break $65 a barrel and reach their highest level since mid-2015 after the major Forties pipeline in the North Sea was shut down for repairs yesterday. Ineos, which recently became the owner of the pipeline, said a shutdown was the safest way [...]
Unibail-Rodamco to buy Westfield in $24.7bn shopping centre mega-merger | City A.M. December 12, 2017 Shopping centre giant Westfield is to be sold to a European rival, just days after two other major industry players struck a takeover deal. Unibail-Rodamco, a French property investor which owns Paris’s iconic underground shopping mall Carrousel du Louvre, has entered into an agreement to buy Westfield for $24.7bn (£18.5bn). It comes after Hammerson offered [...]
Tube delays: Disruption on several Underground lines across London – Central, Circle, District and Metropolitan lines December 12, 2017 There are delays on four Tube lines this morning, with commuters facing disruption on the Central, Circle, District, Piccadilly and Metropolitan lines. Central line services between Leytonstone and Epping/Hainault are running with delays due to an earlier faulty train at St Paul’s. https://twitter.com/centralline/status/940478213876273154 On the Piccadilly line, there are delays on eastbound services between Acton [...]