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 [...]
Another miss for London’s IPO market? Parkdean Resorts sold to Canadian private equity house December 18, 2016 A Canadian private equity house this weekend announced the acquisition of a UK caravan holiday parks operator, in a deal that could be seen as another loss for London’s flotation market. Toronto-based Onex Corporation has agreed a £1.35bn deal for Parkdean Resorts, which is currently owned by Epiris, formerly known as Electra, and Alchemy. The [...]
Farage says ministers are banned from speaking to him December 18, 2016 Nigel Farage has said that cabinet ministers have been banned from speaking to him by Downing Street. The former Ukip leader who has been close to Donald Trump since the businessman was elected President labelled British politics "small-minded, petty and tribal", speaking to the BBC's Radio 4. "I find the fact that Downing Street don't want [...]