West End landlord Shaftesbury ‘unaffected’ by retail restructurings September 25, 2019 West End landlord Shaftesbury said it has been “largely unaffected” by a recent string of retail and restaurant closures and restructurings. In a trading update this morning the real estate investment trust said it had “limited exposure” to occupier insolvencies. Read more: West End landlord Shaftesbury sued by tycoon shareholder Samuel Tak Lee Tenant insolvencies [...]
Retail sales decline slows in September September 25, 2019 Retail sales fell for the fifth consecutive month in September, however they declined at a slower pace than in August. Sales fell 16 per cent this month, compared to a drop of 49 per cent in August. Retailers said they expect sales volumes to fall by five per cent next month. Orders placed on suppliers [...]
Mortgage approvals grow despite Brexit uncertainty September 25, 2019 The number of mortgages approved by banks grew last month despite the ongoing uncertainty surrounding Brexit. In total, 85,931 mortgages were approved by the main high street banks in August and mortgage approvals for home purchases were 3.2 per cent higher than the previous year as the 31 October Brexit deadline approaches. Read more: First-time [...]
Hornby wants to build a Brexit model train that doesn’t work September 25, 2019 Toy train maker Hornby has said it regrets “not producing a Brexit-themed model” in a trading update issued to investors ahead of its AGM later today. “We regret not producing a Brexit themed model. Our new grasp of social media has shown us that people are passionate about sharing their views on the topic,” Hornby [...]
Hopes of US-China trade truce boosts stocks on Wall Street September 24, 2019 US stocks edged up today amid mounting optimism over trade talks between the US and China. The S&P 500 and Nasdaw Composite both rose by slightly over 0.5 per cent after trading opened. Meanwhile, the Dow Jones industrial average rose 117 points, or 0.4 per cent, led by a rise in Apple’s share price following [...]
Boris Johnson hits out at ‘people who want to frustrate Brexit’ September 24, 2019 The Prime Minister has hit back against the Supreme Court’s ruling that his prorogation of parliament was unlawful, saying the decision has not made getting a Brexit deal “any easier”. Speaking from New York, Boris Johnson said he “strongly disagreed” with the judgement that prorogation was unlawful – but stressed “this is a verdict that [...]
Supreme Court ruling: What does it mean and what happens now? September 24, 2019 The UK’s Supreme Court has ruled Boris Johnson’s decision to prorogue parliament as unlawful – but what happens next? Is parliament back in business? Speaker John Bercow has said parliament will return from tomorrow morning. He emphatically said he was not recalling parliament, because the ruling was that prorogation had never happened. That means the [...]
HSBC wins court fight as Euribor fine gets scrapped September 24, 2019 HSBC has won a £27.9m EU court fight over Euirbor rigging. Europe’s second highest court annulled the multi-million pound fine for “insufficient reasoning”, despite agreeing that HSBC had infringed the law. Read more: Metro Bank share price sinks The fine was slapped on HSBC by EU antitrust regulators in 2016 over rigging the Euribor financial [...]
Bercow: Commons will sit tomorrow, after ‘explicit’ Supreme Court judgement September 24, 2019 Speaker John Bercow has said the House of Commons will return tomorrow morning, following the Supreme Court’s “explicit” judgement today. Standing on College Green outside parliament, the outgoing speaker said he had “instructed the House authorities to prepare not for recall, because prorogation was unlawful and therefore void, but the resumption of business” As a [...]