‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Barclays and Lloyds among the worst performers in EU bank stress test November 3, 2018 Barclays and Lloyds surprised markets yesterday after being named and shamed in the EU’s banking health check. The two British lenders were among the worst performers in the EU banking watchdog’s new report, which tested European banks and their ability to withstand a hypothetical market shock. While none of the 48 lenders fell below the [...]
Trump: ‘I think we’ll make a deal with China’ November 3, 2018 President Donald Trump looked to quell market jitters over escalating tariff war tensions with Beijing last night, after telling reporters that a trade deal between the US and China is getting nearer. “China very much wants to make a deal…We’ve had very good discussions with China, we’re getting much closer to doing something,” Trump said. [...]
Belfast has big plans to become the home of the Titanic and a top TV shooting location. But will that help the property market? November 2, 2018 A couple of weeks ago, a consortium of hedge funds clubbed together to raise $19.5m to buy bric-a-brac from the bottom of the ocean. At first glance, these 5,500 items bore no relation to each other; a bowler hat, the sleek curves of a bronze angel, a steel door. Their immense value derives solely from [...]
Opinion: This Budget showed that Phillip Hammond, and by extension the Conservatives, have given up on the housing crisis November 2, 2018 Housing is arguably the second biggest political hot potato for this Government after Brexit. Getting it as wrong as they currently are will surely lead to defeat at the next election. This will be a defeat fuelled by an angry generation of resentful aspirants, whose home-owning dreams have been shattered by an administration’s failings to [...]
Tesla hit with SEC subpoena over Model 3 production targets November 2, 2018 Tesla has received a subpoena from US regulators over company production estimates, the firm revealed today. The US Securities and Exchange Commission (SEC) is looking into claims that the electric carmarker has made over production of its Model 3 sedans last year. Department of Justice prosecutors have also asked for the company to provide [...]
EU officials propose compromise on Irish border backstop November 2, 2018 EU officials have proposed a compromise Irish border backstop plan in a bid to break the deadlock in the Brexit negotiations. Diplomats have floated fresh proposals, under which Great Britain and Northern Ireland would remain a single customs territory under World Trade Organization rules and still be linked in a customs union with Ireland and [...]
Khashoggi’s body was dissolved in acid, says top Turkish adviser November 2, 2018 Jamal Khashoggi’s body was dissolved in acid after being dismembered in Saudi Arabia’s Istanbul consulate, according to fresh claims made by a Turkish official earlier today. A top presidential adviser has said that he believes the act was the "only logical conclusion" to the killing of the former Saudi critic, who was murdered inside the [...]
Fried chicken and a trip to the bookies: London’s worst high streets revealed November 2, 2018 Researchers have drawn a fresh map of London to rank its best and worst high streets for mental health and wellbeing. The Royal Society for Public Health analysed the different shops on high streets across the UK and measured them against factors including their potential to encourage healthy choices and their usefulness for mental wellbeing. For [...]
Ineos billionaire reportedly plans to build Land Rover Defender rival at Ford factory, saving 1,100 jobs November 2, 2018 Chemical company Ineos is reportedly in talks with Ford to build its proposed Land Rover Defender rival at the car manufacturer’s Bridgend site. It is proposing to use the portion of the of the Bridgend facility currently occupied by Jaguar Land Rover to assemble the Defender, according to a report citing three people close to [...]
Cuadrilla hails natural gas flow from Lancashire fracking operation November 2, 2018 Natural gas has started to flow from Cuadrilla’s fracking site in Lancashire, the company confirmed this afternoon. Gas has begun to reach the surface of the Preston New Road site, after Cuadrilla used hydraulic fracturing to free a small section of shale rock inside an exploration well. “Tthis is a good early indication of the [...]