HSBC won’t be moving its HQ away from London post-Brexit June 30, 2016 HSBC has confirmed for the first time since last week's referendum that the UK vote to quit the European Union will not lead to the bank moving its headquarters from London. Speaking at a conference organised by lobby group The City UK, HSBC's chairman Douglas Flint repeated comments from February this year that the referendum result would not trigger another [...]
Eurozone back in inflation for first time in five months June 30, 2016 Existential crises, political arguments and the clamour for referendums aside, the Eurozone nudged back towards a semblance of normality today, with a return to inflation in June. Price rose by 0.1 per cent in the year to June, according to the official EU stats body, Eurostat, ticking into positive territory for the first time since January. Cheaper energy [...]
Bookies latest odds: Theresa May is the favourite for the Conservative leadership race after Boris Johnson’s withdrawal June 30, 2016 Theresa May is still the bookies' firm favourite to become the next permanent leader of the Conservative Party, following Boris Johnson's withdrawal from the leadership race this lunchtime. May is in the lead with shortened odds of 4/7 according to Ladbrokes, while Michael Gove is punters' second favourite at odds of 11/4. This morning May's [...]
Harvey Nash reveals resilience in face of Brexit vote June 30, 2016 Global recruiter Harvey Nash today revealed what it described as a "resilient" performance, adding that it was in a good position to weather Brexit uncertainty. The figures In a brief statement on its financial position released ahead of its AGM today, Harvey Nash announced that its gross profit for the four months ended May had increased [...]
EU Commission competition authority launches investigation into AB InBev’s “Belgian beer market practices” June 30, 2016 The European Commission competition regulator has opened an investigation into whether Anheuser-Busch InBev (AB InBev) has abused its position in the Belgian beer market. The investigation, launched on the antitrust authority's own initiative, will decide whether AB InBev has used its "dominant" role on the Belgian drinks market to hinder imports of its beer from neighbouring countries, such [...]
Andrea Leadsom is running for the Conservative leadership June 30, 2016 Andrea Leadsom said this morning she will be running for the Conservative leadership. Leadsom, who campaigned for Brexit, tweeted this morning: "Let's make the most of the Brexit opportunities! #FreshStart" [custom id="161"] Her announcement comes as Michael Gove, another prominent Brexit campaigner threw his hat into the ring. Gove said: "I have come, reluctantly, to the conclusion [...]
When will Article 50 be triggered? Probably not this year, according to the bookies June 30, 2016 Although the electorate have signalled their intent to leave the European Union, one big question remains in Westminster, the City, across Europe and even further afield: When will the UK actually break away? This comes down to the crucial matter of Article 50 – the clause which sets the clock ticking on a two-year timetable [...]
“Brexit means Brexit”: Theresa May has formally thrown her hat into the Tory leadership race – backed by Jeremy Hunt June 30, 2016 We knew it was coming – but this morning home secretary Theresa May formally joined the leadership race for the Conservative Party. Jeremy Hunt, who had widely been expected to throw his hat into the ring, gave his backing to May instead That followed announcements by Michael Gove and Andrea Leadsom this morning. Liam Fox and [...]
Trayser eBike review: The most futuristic battery-assisted pushbike yet June 30, 2016 Electric bikes are increasingly falling into two categories. Most attempt to disguise the fact that you’re getting a speed boost from the rear-wheel motor, squirrelling the battery away in a discreet water bottle and leaving all around you to think that – as you zip off into the distance – you might just have really [...]
A decision on airport expansion has been put back until “at least” October June 30, 2016 A decision on airport expansion will be delayed until "at least October", the transport secretary has said. In Parliamentary questions this morning, Patrick McLoughlin said while he had hoped the government would be able to announce a decision this summer, it will now be delayed. "Being realistic, I cannot foresee an announcement until at least [...]