Theresa May’s perverse migration stance will damage the UK’s economy March 22, 2019 One of the unexpected impacts of the Brexit vote has been a marked change in public attitudes towards immigration – for the better. Today, 45 per cent of Britons are positive about the impacts of immigration on the UK, while only 31 per cent are negative – roughly the reverse of the figures from three [...]
Uber ‘picks New York Stock Exchange’ for IPO over FAANG favourite Nasdaq March 22, 2019 Uber is reportedly set to list on the New York Stock Exchange as it gears up for what is expected to be one of the biggest stock market debuts of 2019. Read more: High Court strikes down black cab appeal against Uber's London licence The ride-hailing app’s initial public offering (IPO) is due in April, [...]
Levi shares soar as jeans retailer makes stock market return March 21, 2019 Shares in jeans retailer Levi Strauss soared more than 30 per cent as it returned to the stock market today, giving the company a market value of $8.7bn. The denim brand, which has described itself as “the inventor of blue jeans”, started trading on the New York Stock Exchange this morning after it was taken [...]
Regulator open to using green energy on oil rigs March 21, 2019 North Sea oil rigs could soon be powered by renewable energy, Britain's regulator has said as it tries to extract as much of the country's oil and gas reserves as possible. The Oil and Gas Authority (OGA) said it is working with the Department for Business, Energy and Industrial Strategy (BEIS) and others in a bid to [...]
Sterling slides to fresh one-week low against dollar as Brexit clouds gather March 21, 2019 The pound slid against the dollar this afternoon to hit a fresh one-week low after French President Emmanuel Macron said Britain “will be going to a no deal” if Parliament again rejects the Brexit agreement. Sterling was down 0.8 per cent today against the dollar as traders reacted badly to continued uncertainty in the Brexit saga. [...]
After blaming MPs for Brexit delay, Theresa May seeks Article 50 extension in Brussels March 21, 2019 | City Talk If Brexit were a Netflix original series it would be considered one of the greatest dramas ever produced. The enormous cast of characters, the sprawling subplots, the infighting, the defections, the backstabbing – next to it, Game of Thrones would seem like your average kitchen sink drama. Even as Brexit supposedly reaches its finale on [...]
Bank of England holds interest rates amid Brexit deadlock despite sunnier economic data March 21, 2019 The Bank of England's monetary policy committee (MPC) has voted unanimously to hold interest rates at their current level of 0.75 per cent, after weighing up “mixed” economic data, it said today. Read more: Government borrowing falls to fresh 17-year low The central bank said it will not change its primary bank rate from where [...]
Online trading firm IG Group’s shares slide as it announces quarterly revenue drop March 21, 2019 Shares in online trading business IG Group tumbled today after it said its revenue fell in the three months to 28 February. IG Group has been hit hard by a regulatory crackdown on the offering of contracts for difference to retail clients. The company said its net trading revenue was £108m in the third quarter, [...]
UK retail sales grow as consumers shrug off Brexit worries March 21, 2019 British retail sales showed strong growth last month compared to a year before, in a sign that consumers remain unaffected by the Brexit impasse. The quantity of goods UK shoppers bought increased by 0.4 per cent in February compared to January, with strong growth in non-store retailing and fuel, figures released today by the Office [...]
FTSE 100 risers: London miners climb blue-chip index as Vale shuts another mine March 21, 2019 London miners dominated the FTSE 100 this morning after Brazilian giant Vale said it was suspending production at another mine. Fresnillo led the charge of the metals producers, up 5.3 per cent, but Antofagasta, Glencore and Anglo American also made the top five risers on the index. Read more: Shares in miner Ferrexpo plunge after [...]