The City could lose its status as Europe’s financial hub, warns top ECB official June 25, 2016 Britain's decision of leaving the EU could lead to the City losing its status as Europe's financial hub, a senior European Central Bank (ECB) official has warned. Villeroy de Galhau, who is the governor of France’s central bank, said the the Leave vote is "bad news for Britain" and will have "negative consequences" for the UK economy. [...]
EU referendum: Jeremy Corbyn hits back against calls for him to step down after Brexit vote June 25, 2016 Jeremy Corbyn has confirmed he will not be stepping down as Labour leader and will fight any attempt from Labour MPs to oust him. After two senior Labour figures – Margaret Hodge and Ann Coffey – tabled a motion of no confidence in the leader, Corbyn said he was aware of unrest within the party but would [...]
France and Germany want a new British Prime Minister “within days” so that “they’re not left hanging” June 25, 2016 France and Germany have called for a new British Prime Minister to be appointed as soon as possible in a meeting with the six founding countries of the European Union today. French Foreign Minister Jean-Marc Ayrault said: “We will begin this process immediately, this has to be clear — the British people have spoken." Ayrault added that "the 27 other EU [...]
Who’s going to be Britain’s next Prime Minister and how will he/she be chosen? June 25, 2016 David Cameron's resignation after Britain voted to leave the EU has sparked speculation about the country's next Prime Minister. Former London mayor Boris Johnson is the bookies' favourite for being Cameron's successor. In the past the Leave champion has vehemently denied ambitions to become Prime Minister saying the likelihood of him leading the country is “about as [...]
EU referendum: Foreign ministers of EU’s six founding members hold crisis meeting in Berlin to discuss Brexit response June 25, 2016 The original six members of the European project have met in Berlin today for crisis talks on how to handle the UK's decision to leave the European Union. The foreign ministers of Germany, France, Italy, Belgium, the Netherlands and Luxembourg are to discuss how the EU should approach the mammoth negotiating task that is about [...]
EU referendum: Everything you need to know the morning after Brexit June 25, 2016 It has been 24 hours since we received confirmation that the UK had voted to leave the European Union and Westminster, the country, Europe and the world are still in shock. Whatever side of the debate you were on, the result was a surprise. Seconds after polls closed on Thursday evening Ukip leader Nigel Farage all but conceded, [...]
Gold “on fire” as UK shocks markets with Leave vote June 24, 2016 Spooked investors have continued to pile into gold as financial markets around the world enter meltdown following the UK's vote to leave the European Union. Gold swelled over six per cent to $1,313.60 at the London close, after climbing as high as $1,355.6 earlier today. Market uncertainty was increased after Prime Minister David Cameron resigned in the aftermath [...]
The oil price has sunk as the Brexit vote casts uncertainty over financial stability and the future of the European Union June 24, 2016 Oil prices have followed financial markets lower today as the market comes to terms with the increased uncertainty caused by the UK's unexpected vote to leave the European Union. Oil fell sharply as the result of the referendum came in before recovering some ground. A the London market close international benchmark Brent crude was down $2.18 at $48.73 [...]
Donald Trump has said Brexit is a “great thing” during a visit to his revamped golf resort in Scotland June 24, 2016 The Republican presidential hopeful Donald Trump lauded the UK's decision to leave the European Union as a "great thing" in a visit to Scotland today and said the people of Britain had "taken back their country". His comments came after he touched down in Ayrshire this morning to attend the opening of his revamped, £200m Turnberry Golf Resort. [...]
Steinhoff is having second thoughts on Poundland post-Brexit June 24, 2016 South African conglomerate Steinhoff is going off discount retailer Poundland following the unexpected Brexit vote. Steinhoff, owner of UK furniture firm Harveys and Bensons For Beds, blamed last night's vote for the UK to quit the European Union, as well as the recent falls in Poundland shares, for the decision. The UK yesterday voted by 52 per cent to 48 per cent to [...]