Here’s how the supermarkets were doing just before the Brexit vote June 28, 2016 In the immediate run-up to the EU referendum, supermarket sales were strong, according to data released today, but in the three month period before the vote, sales slipped. The figures from Nielsen show that in the four weeks ending 18 June, UK supermarkets had their first increase in year-on-year takings since July 2015. Sales were up 0.4 [...]
Now London must “take back control”, says London mayor Sadiq Khan June 28, 2016 Following the UK's vote to leave the EU, Sadiq Khan has said that the capital needs to "take back control" to protect "jobs, wealth and prosperity". Speaking among business leaders to demand more autonomy for London, Khan said that further devolution would be to the benefit of the whole country. "As much as I might like the [...]
Carpetright’s share price drops by a fifth as company warns knock to consumer confidence likely due to Britain leaving the EU June 28, 2016 Home furnishings specialist Carpetright warned consumer confidence would be hit by last week's referendum. The company's shares were down 8.40 per cent this morning after it announced sales in the UK fell one per cent in the eight weeks to 25 June. Chief executive Wilf Walsh said today that "the outlook has been further complicated by the [...]
Young Labour to protest for unity at Westminster today ahead of Jeremy Corbyn no confidence vote June 28, 2016 As the Parliamentary Labour Party readies for a vote of no confidence on Jeremy Corbyn's leadership, Young Labour are to protest in Westminster today in an appeal for unity. Young Labour activists will be in parliament at 12pm demanding to see Labour MPs in order to appeal for unity in what it calls "this time [...]
David Cameron to meet fellow European leaders at EU Council after UK votes for Brexit June 28, 2016 Prime Minister David Cameron is to meet European leaders for an EU Council summit for the first time since the UK voted to leave the 28-member bloc. The meeting will mostly be devoted to a discussion on the political consequences of the UK referendum. The Prime Minister has not been invited to the second day of [...]
Shepherd Neame raises glass to Enterprise Inns home counties pubs acquisition June 28, 2016 Britain's oldest brewer, Shepherd Neame, has completed the acquisition of seven out of eight pubs from pubco Enterprise Inns. The Kent-based brewer, pub and hotel operator has purchased the seven pubs in Kent, Sussex and Surrey from Enterprise in a deal that was announced earlier in June. The completion takes Shepherd Neame's total number of [...]
Shares in housebuilder Redrow rise again as it reassures shareholders over Brexit vote June 28, 2016 Housebuilder Redrow has been one of the biggest casualties of post-Brexit market turmoil, with shares falling 30 per cent between Thursday's close and last night. But it seems investors just needed a little bit of reassurance: this morning shares bounced 9.5 per cent to 322.6p after it put out a statement pointing out everything's going [...]
Berkeley Group’s share price looks up as Tony Pidgley spends £800,000 on shares June 28, 2016 Berkeley Group's share price went up this morning after it emerged the company's chairman, Tony Pidgley, had bought another five per cent of the firm's shares for just under £800,000. In a statement this morning the company said Pidgley has bought 35,061 shares, a 4.7 per cent stake, at £22.69 a share yesterday, its share price plummeted. Director Glyn [...]
Challenger bank Shawbrook’s shares plunge as it books £9m impairment charge on underwritten loans June 28, 2016 Challenger bank Shawbrook had more than 20 per cent shaved off its share price when markets opened this morning after it announced an additional impairment charge of around £9m in the second quarter. The charge is the result of "a number of loans" being underwritten in the company's Asset Finance division that did not meet lending [...]
Legal & General share price leaps as it appoints new chairman and tells investors: “We’re fine with Brexit” June 28, 2016 Pensions giant Legal & General moved this morning to reassure its shareholders that Brexit is going to be a breeze – as it appointed former government asset management boss Sir John Kingman as its new chairman. In a statement this morning L&G, whose shares fell 13 per cent between the market close on Thursday and [...]