Star Wars spin-off Rogue One feels the force of $290m global opening weekend December 18, 2016 The latest installment in the Star Wars saga raked in over $290m (around £232m) in its first weekend of global showings, as Disney’s $4bn investment in the series continues to pay dividends. Rogue One: A Star Wars Story made $71m on its first day in the US – the 12th best opening day of all [...]
Euro clearing battle heats up as report warns EU against “protectionist” policy to move business away from London December 18, 2016 The battle over euro-denominated clearing is heating up amid apparent attempts to move the business away from London. An Intercontinental Exchange (ICE) report, circulated this month to EU member states, has warned that forcing the clearing of euro derivatives away from the UK could lead to a “significant increase” in costs for European banks. The [...]
Scotland to reveal plans of how it will stay in the European Single Market December 18, 2016 Scotland will outline how it will meet its top priority of staying in the European Single Market in plans to be published this week. Concerns linger that Prime Minister Theresa May will seek a so-called hard Brexit when triggering Article 50 prior to next March as planned – a policy that would put controlling Britain's immigration [...]
Outgoing IoD Director-General warns against immigration restrictions December 18, 2016 A LARGE swathe of British industry could be forced to shut down without a regular influx of low-skilled labour continuing after Brexit according to the IoD’s outgoing director Simon Walker. Speaking to The Sunday Times, Walker has argued strongly against restricting low-skilled immigration to the UK, just weeks before he is due to take up [...]
Deliveroo set to expand delivery-only kitchens – in shipping containers and car parks December 18, 2016 Deliveroo is set to expand the number of delivery-only kitchens in unusual spaces – including car parks and shipping containers – moving the online company further towards owning property as it tries to keep pace with growing demand. The food delivery company already has two sites up and running in London, with up to 20 kitchens [...]
Is Lloyd’s of London set for sunnier climes? December 18, 2016 MALTA has emerged as one of the possible sites for the European base of Lloyds of London should the UK lose passporting rights after Brexit. The insurance giant wants to establish contingency arrangements should the UK lose the current level of access to the EU’s market for financial services. A spokesperson told City AM last [...]
132,000 tonnes of cargo will go through Heathrow this Christmas – with salmon and clotted cream among top exports December 18, 2016 Heathrow's expecting salmon and crocheted garments to bump up its export figures for the festive period. Many shoppers raced to get all of their Christmas shopping wrapped up ahead of the international postage deadline over the weekend and the UK's biggest airport is expecting a bumper month. Read more: Here's how Stansted is planning to gain [...]
British American Tobacco could puff up cash offer for Reynolds American December 18, 2016 British American Tobacco (BAT) is preparing to puff up its takeover bid for US rival Reynolds, according to reports. The FTSE 100 cigarette company announced a $56.50-per-share bid for the 58 per cent of Reynolds American it does not already own in October. This bid valued Reynolds at around $47bn. Taking full control of Reynolds [...]
China tops poll of UK investor expectations of highest stock returns in 2017 December 18, 2016 China will deliver the highest equity returns in 2017, despite prominent warnings that a slowdown in the world’s second largest economy presents one of the biggest risks to the global financial system, according to a poll of 9,000 UK investors. Over a quarter of UK investors believe that China will outperform every other major region, [...]
All aboard the train to London… Winterloo? December 18, 2016 Anyone travelling in or out of London today may notice a slight change to their destination. No, it's not another major disruption to holiday travel (surprisingly), but the latest efforts of South West trains to bring a smile to the face of travellers. All services are terminating at London, um, Winterloo…. Journeys can also me [...]