Nigel Farage says Britain could continue to contribute to EU budget – but will not compromise on freedom of movement June 30, 2016 Ukip leader Nigel Farage has said Britain will make compromises in order to access the Single Market but will not back down on immigration. Farage made the remarks in an interview with French newspaper Le Figaro following the last week's vote to leave the European Union. He said the UK could continue to contribute to the EU budget [...]
City Moves for 30 June 2016 | Who’s switching jobs June 30, 2016 Countryside Countryside has appointed Matthew Higgs managing director of its Partnerships South business. In his new role, Matthew will spearhead the expansion of delivering affordable homes for those who live and work in London and the South-East. Matthew will be responsible for driving the performance of Partnerships South, providing strategic advice to Richard Cherry, chief executive of Partnerships, and [...]
Britain will need an effective opposition June 30, 2016 Given the scale of the change that the British people have voted for, and the chaos it has unleashed across European politics and markets, it may seem strange that the number one story in town has been the circular firing squad that currently passes for Her Majesty's Opposition. Jeremy Corbyn has endured days of high-profile [...]
Trade groups call for taskforce to safeguard UK’s Brexit negotiations June 30, 2016 Business groups are mounting pressure on the government to take action following the UK’s vote to quit the European Union. The British Chambers of Commerce (BCC) has called for the creation of a business taskforce to “ensure business priority issues form a key part of both domestic policy and EU exit negotiations”. The proposals were [...]
Royal Dutch Shell says UK energy demand set to fall in future June 30, 2016 The boss of oil major Royal Dutch Shell is set to say that energy demand in the UK will fall, while urging the government to help meet the world's climate change goals. Ben van Beurden, chief executive of Shell, will tell an audience at a forum in London later today: "In the UK … demand for energy [...]
Infrastructure improvements needed at the heart of devolution agenda to boost growth, according to research from the Institution of Civil Engineers June 30, 2016 Significant boosts to local growth, quality of life and environmental sustainability could all materialise if infrastructure improvements are placed at the heart of the devolution agenda, according to new research. A report from the Institution of Civil Engineers (ICE) has found that the focus on infrastructure is a key economic driver for devolution, as well as [...]
Global investors back London to retain financial centre crown after Brexit June 30, 2016 London will retain its position as a world-leading financial centre despite last week’s Brexit vote, according to a poll of global institutional investors seen by City A.M. Two-thirds of those surveyed by FTI Consulting said the capital is unlikely to lose this coveted status. The results of the survey emerge as the FTSE 100 staged [...]
Turkey producer on the hunt for bootiful new owner June 29, 2016 Turkey producer Bernard Matthews has reportedly begun searching for a new owner. The company, best known for its ‘bootiful’ catchphrase in adverts, is currently owned by Rutland Partners. Read more: Rutland gobbles up a stake in turkey firm Bernard Matthews Sky News first reported that Rutland has appointed advisers at PricewaterhouseCoopers (PwC) to find potential [...]
What now? The UK and the EU Single Market June 29, 2016 Now the UK has voted to leave the European Union, the focus on what kind of relationship we should forge with the trading bloc has taken on a new intensity. We are no longer talking hypothetically and the debate over whether we should have “access to” or be “in” the Single Market is more than semantic. [...]
Lower costs and Christmas cheer up Wilko as sales swell to £1.46bn June 29, 2016 Hardware and household goods retailer Wilko has reported sales through to end of January of £1.46bn, up 1.4 per cent on the previous year. The privately-owned company recorded an operating profit of £23.6m, up from £2.9m the previous year after paying an outstanding loan of £22m six years ahead of schedule. Wilko finished the year [...]