Brexit deal agreed in Brussels – what happens next? October 17, 2019 Boris Johnson has secured a last-minute Brexit deal with the European Union with just hours before the final European Council begins. But just because the Prime Minister has struck a deal with Brussels, there is no guarantee that the UK will still be leaving the EU on 31st October – here’s what could happen next. [...]
Rathbone Brothers’ shares fall as it warns on tighter profit margin October 17, 2019 Shares in Rathbone Brothers fell sharply this morning after reporting its profit margin will narrow over the next two-to-three years. Shares in the investment management company were down 8 percent to 2,190p in the morning’s trading, despite an 11 per cent annual increase in third quarter operating income. Read more: Rathbone Brothers boosts profits but [...]
WH Smith ramps up overseas drive with $400m US deal October 17, 2019 WH Smith has revealed plans to snap up a US travel company for more than £300m as the retail giant looks to broaden its scope beyond the UK high street. In a deal that will double the size of the firm’s international business, WH Smith is buying Marshall Retail Group for $400m (£312m) to ramp [...]
Brexit: ‘We will negotiate until the last second’, says Angela Merkel October 17, 2019 Angela Merkel has said Brexit negotiations will continue “until the last second”, and raised the possibility of a “special summit”, in a bid to secure a deal before Halloween. This morning the DUP appeared to scupper hopes of a last-minute breakthrough, saying they could not back the deal as agreed in Brussels “as things stand”. [...]
Profit from purpose: What does it mean to be an ethical leader? October 17, 2019 At a time when the conduct of business leaders is regularly questioned, the concept of ethical leadership matters now more than ever. People are taking to the streets around the world, demanding action on human rights, civil liberties, and climate change. With the public becoming increasingly concerned about environmental, regulatory, and societal issues, these considerations [...]
Relocations rise ahead of Brexit but London will stay ‘dominant’, report finds October 16, 2019 More than 330 financial firms have relocated parts of their business ahead of Britain’s imminent departure from the EU, a new report has found. Hundreds of banks and financial services companies have moved staff or set up new entities in the EU, rising by 23 per cent since a previous report in March. Read more: [...]
London Assembly makes way for police watchdog on Boris Johnson and Jennifer Arcuri inquiry October 16, 2019 Two Greater London Authority inquiries into conflict of interest claims against Boris Johnson have been put on hold after fears it could prejudice a police watchdog investigation. The London Assembly’s Oversight Committee has been investigating Johnson’s links to American businesswoman Jennifer Arcuri while he was mayor. Read more: Boris Johnson stays mum on Arcuri conflict [...]
City of London Corporation accused of politicising its primary council October 16, 2019 The City of London Corporation has been accused by one of its councillors of going beyond its remit and attacking the government in a “political stunt”. The corporation’s Court of Common Council, its key decision making body, approved a motion last week to give its “full and unequivocal support” to the independence of the UK’s [...]
Extinction Rebellion ignore police ban to return to Trafalgar Square October 16, 2019 Extinction Rebellion has returned to Trafalgar Square just days after being evicted by police. The group is holding a people’s assembly at the square this afternoon, many with black tape across their mouths. Read more: Extinction Rebellion protesters block rounds around Bank station A spokesperson for the group said it was to signify a “police [...]
Bank of America trumps estimates despite drop in profits October 16, 2019 Bank of America’s profits slumped almost 20 per cent in the third quarter of this year, but its shares rose on a better-than-expected performance. The lending giant’s share price climbed almost two per cent in premarket trading after three of the firm’s four main divisions posted a rise in revenue. Read more: Banks struggle with [...]