Royal Mail apologises after D-Day landing commemorative stamp Twitter gaffe December 28, 2018 Royal Mail has been forced to apologies today after it emerged a stamp design it planned to issue to commemorate the D-Day landings in France actually showed US troops going ashore several weeks earlier thousands of miles away. The stamp was part of a series marking the 75th anniversary of the June 1944 landings, the [...]
Jeremy Hunt says Brexit deal can still get through parliament if Irish backstop issue is clarified December 28, 2018 Foreign secretary Jeremy Hunt has said Theresa May’s Brexit deal can get through parliament if the EU clarifies the so called Northern Irish backstop will be temporary. The backstop, an insurance policy to prevent the return of border checks between Ireland and Northern Ireland, has been a major sticking point in securing the Brexit divorce [...]
Merkel and Macron demand release of Ukrainian sailors captured by Russia in November December 28, 2018 Angela Merkel and Emmanuel Macron have demanded Russia release the 24 Ukrainian sailors captured last month in the Kerch Strait, which links the Black Sea with the Azov Sea. Moscow said the sailors, who were captured along with their ships, were crossing the Russian border illegally. Ukraine, on the other hand, said Russia’s capture of [...]
How a measure of bitcoin’s worth proved worthless December 28, 2018 | City Talk The financial pages are noticeably shorter on bitcoin stories than this time last year – which may or may not have something to do with the precipitous fall in the cryptocurrency’s price over the last 12 months. On 14 December 2017, a single bitcoin was trading at an all-time high of £14,749 whereas, as of [...]
Music retailer HMV on the verge of second administration since 2013, reports December 28, 2018 HMV is set to go into administration for the second time in six years, putting 2,200 jobs at risk, according to reports. The company reportedly filed a notice of intention to appoint administrators last week as it held last minute talks with suppliers, Sky News reported this morning. The company was bailed out in a [...]
Nissan to cut back Chinese car production in opening of 2019 as US-China trade war slows sales December 28, 2018 Nissan has cut back its Chinese production plans for the first months of 2019, amid falling demand in the world’s biggest car market, according to reports. The company has followed Ford and Hyundai in cutting production, reportedly planning to make 30,000 fewer cars in the period to the end of February. China’s trade war with [...]
MPs demand ‘meaningful’ vote on all trade deals after Brexit December 28, 2018 MPs have called for the power to veto any trade deals negotiated by the government after Britain leaves the EU. In a move likely to be rejected by a government which has already pushed the so-called meaningful vote on Theresa May’s Brexit deal back a month to mid-January, the influential International Trade Committee has demanded [...]
Wall Street falls as stocks fail to capitalise on bear market December 27, 2018 US stock markets dropped today, wiping out a portion of yesterday’s bump as US consumer confidence fell to its lowest point since July. Following its first ever 1,000-point daily surge yesterday, the Dow Jones fell 441 points to 22,439. The 1.9 per cent drop was led in part by technology stocks as Apple, Amazon and Google’s [...]
Superdry up as board faces potential battle with founder Dunkerton December 27, 2018 Superdry gained eight per cent today as a battle is brewing for the future of the company. The shares rose by 34p to 460p by early afternoon, making the company the fastest riser on the London Stock Exchange today. The rise on the markets comes after it was reported at the weekend that Julian Dunkerton [...]
This ‘bond with a twist’ is sending a worrying message on risk December 27, 2018 | City Talk In the world of finance, not all investors are created equal. In fact, this is a truth largely held to be self-evident and the reason for investors’ composure on the issue largely boils down to a matter of risk versus reward. Broadly speaking, equity investors expect to see greater returns in the longer run than [...]