Aston Martin faces calls for board shake-up October 6, 2019 A year on from its disastrous stock market float, luxury car giant Aston Martin is facing calls to bring in new directors on its board. The British marquee brand has suffered a drop in shares of nearly 75 per cent since it floated in October this year. It has stalled in the face of mounting [...]
Paypal first firm to drop out of Facebook’s Libra cryptocurrency October 5, 2019 Paypal has pulled out of an alliance attempting to launch Facebook’s digital currency Libra. The payment firm announced its decision on Friday in a statement but did not reveal why the decision has been made. The cryptocurrency and its digital wallet, Calibra, were revealed by Facebook in June. Read more: Libra co-founder hits out at [...]
Will easyJet share price rally be sustained? October 4, 2019 | City Talk British no-frills airline easyJet will release its next trading statement on 8 October, and with Thomas Cook’s collapse still fresh in everyone’s mind, will easyJet perhaps see some increased booking numbers? The rise of DIY holidays, where individuals create their own packages rather than rely on tour operators, has already helped easyJet, as has the push [...]
Poll: British pound to bounce if UK avoids no-deal Brexit October 4, 2019 The British pound will get a post-Brexit bounce if the UK leaves the European Union with a deal, a new poll of economists shows. However, if no Brexit deal is reached sterling will suffer further losses against the dollar, according to Reuters’ survey. Read more: Sterling jumps to push FTSE deeper into the red If [...]
Boris can talk a good pro-market game, but matching policies are yet to follow October 4, 2019 This government, unlike governments before it, is not afraid to announce its pro-market and pro-enterprise philosophy. Boris Johnson’s declaration of support for capitalism on stage at the Conservative party conference is not exactly the stuff of breaking news headlines. But while it may not be newsworthy, it is certainly noteworthy, as it represents a huge [...]
Taxes too high where you live? It’s time to vote with your feet October 4, 2019 Moving is the ultimate form of tax avoidance. It is legal and effective – although rather drastic. Often we think in terms of a person or business relocating from one country to another. Last year Sir Jim Ratcliffe, Britain’s richest businessman, decided to move to Monaco. In 2010, his company Ienos moved its headquarters to [...]
DEBATE: Should we be worried about yesterday’s services sector PMI data? October 4, 2019 Should we be worried about yesterday’s services sector PMI data? Simon Wilson, director at Icon Solutions, says YES. The UK services sector represents around 80 per cent of our overall economic output, so a contraction in this area should set alarm bells ringing for economists and business owners. The City serves as the engine of [...]
Rising UK recession risk frightens businesses October 4, 2019 The spectre of recession is looming over the British economy with the country’s huge services sector having contracted in September, according to closely-watched survey data from yesterday. Read more: UK recession alarm bells ring as UK service sector contracts The sector – which makes up about 80 per cent of the UK economy – saw [...]
IFS warns government against fuel duty cut October 4, 2019 The Institute for Fiscal Studies (IFS) has warned the government against cutting fuel tax by 2p per litre in the upcoming budget, which it is reportedly considering, saying it would cost the government £1bn a year in lost revenue. Read more: Fuel duty cut on the cards as threat of general election looms The IFS, [...]
Sterling breaks past $1.24 to push FTSE 100 deeper into red October 3, 2019 The pound jumped higher in trading this afternoon, pushing the FTSE 100 closer to the 7,000 mark. Sterling has climbed 0.9 per cent against the dollar, breaking past $1.24 for the first time in more than a week. Read more: Global stock markets bleed red The FTSE 100 has suffered further losses, edging down by [...]