JP Morgan’s chief executive Jamie Dimon has wasted no time in telling staff what will happen at the bank now the UK has voted for Brexit June 24, 2016 Jamie Dimon, chairman and chief executive of JP Morgan, is wasting no time in reassuring staff and investors that the bank isn't about to abandon its UK operations in a post-Brexit world. In a memo sent to staff this morning following the UK's unexpected vote to leave the European Union, Dimon said the US-based bank "will maintain a large presence in London, Bournemouth and [...]
London mayor Sadiq Khan has said it is “crucial” for UK to remain in single market, despite yesterday’s Brexit vote June 24, 2016 London mayor Sadiq Khan has sought to reassure business and investors of the city's status, while also noting that the UK's membership of the single market remains "crucial". Brexit campaigners, including Boris Johnson, have been clear that the UK must detach from the market. However, Khan said that despite yesterday's Leave vote, the UK should still retain [...]
David Cameron will step down as Prime Minister by October June 24, 2016 Prime Minister David Cameron has announced his resignation after the UK voted to leave the European Union. Speaking this morning, Cameron said he would continue in office for a short spell, and hoped for a new Prime Minister to be in place by the time of the Conservative Party conference in October. He added that it [...]
Housebuilding shares are being hammered by Brexit June 24, 2016 Shares in FTSE 100-listed housebuilders were hammered in early morning trading as investors panicked over the outcome of the EU referendum. Shares in Taylor Wimpey lost a third of their value, falling to 128.9p in early trading, while Persimmon fell 27.5 per cent to 1,520p and Berkeley Group fell 26.9 per cent to 430.2p. Meanwhile, Berkeley [...]
Deutsche Bank’s chief executive isn’t happy about the Brexit vote June 24, 2016 Deutsche Bank’s chief executive, John Cryan, is being as candid as usual with his views on the UK's vote to leave the European Union. The outspoken bank boss, who has the unenviable task of trying to reform the lumbering giant that is Deutsche, posted a statement on its website saying this is "not such a good day [...]
Ukip leader Nigel Farage has called for a new bank holiday to mark Britain’s vote to leave the EU June 24, 2016 Ukip leader Nigel Farage has called for a new bank holiday to be created to mark the UK's vote to leave the European Union. Speaking this morning, Farage called for 23 June to be marked as an “independence day” holiday, and said that the referendum had been won by a disconnection between Westminster and the concerns [...]
Yes to Brexit: How the City is reacting to the EU referendum result June 24, 2016 So the UK has voted in favour of Brexit – pushing the pound down against other currencies, and hitting stocks. For the most part, the City came out against Brexit during referendum campaigning – which was reflected in the result of its vote: 75.3 per cent in favour of a Remain vote. And as the City woke [...]
EU referendum: Sinn Fein says British government can’t speak for Northern Irish citizens June 24, 2016 The unity of the United Kingdom has been called into question as a top political party in Northern Ireland has alluded to a possible independence referendum. The UK voted to leave the EU, but Northern Ireland voted to remain, sparking a response from Sinn Fein. Sinn Fein chairman Declan Kearney said in a statement: "This [...]
EU referendum results: It will be months, rather than days, before the UK can trigger Article 50 and leave the European Union June 24, 2016 It may be several months before the UK can make its departure from the EU official, an expert has warned. The UK's vote to leave the European Union is unprecedented, leaving those in charge scratching their heads over what happens next. What's clear is the UK will have to trigger Article 50, the formal mechanism [...]
EU referendum: Gisela Stuart says UK is an “open, welcoming country” after Brexit vote June 24, 2016 The UK is an open and welcoming country, a top pro-Leave campaigner has said, after voters opted for Brexit. Speaking to an audience in Manchester, Labour MP Gisela Stuart said that the people had spoken, and sparked an opportunity to take back control. She said: "33m people went to the ballot box and made a democratic decision, [...]