Following defections to the Tories and the election of new leader Diane James, is Ukip a busted flush? September 16, 2016 Ed Bowsher, deputy editor of Share Radio, says Yes. Ukip was founded to take Britain out of the European Union. That’s almost certainly going to happen, so the party has no core purpose anymore. Prime Minister Theresa May has said she’ll take Britain out of the EU, and even if she wanted to change tack, a [...]
Why the Single Market is the problem – not the solution September 16, 2016 With UK exports at £669bn in 2015, it hardly needs to be said that trade is critical to the UK economy. Despite this huge number, however, the UK has the largest current account deficit in the G7, approaching 6 per cent of GDP. Understanding the reasons for the UK’s trade deficit is critical to designing [...]
City Pub Company says cheers to AIM listing as sales rise by a third September 16, 2016 Quaint pub group City Pub Company has announced its intention to float on the London Stock Exchange's junior market late next year, while revenues at the firm have risen by a third. The figures Sales at City Pub Company rose by 36 per cent to £12.1m in the first half of the year, up from £8.9m in the same period [...]
Shares in European lenders finish lower after Deutsche Bank is asked to pay $14bn over mortgage-backed securities claims September 16, 2016 Shares in British banks finished at the bottom of the FTSE 100 after Deutsche Bank after it admitted it had been asked to pay a massive $14bn (£10.6bn) fine by the US Department of Justice (DoJ). Shares in the lender were down 8.5 per cent at €11.99, its worst day of trading since the day after the Brexit vote, after it said in [...]
US president election 2016: Donald Trump reaches highest chance yet to be elected president over Hillary Clinton according to Betfair exchange September 16, 2016 This may not be the relaxing, light-hearted news you probably wanted to hear on a dull Friday afternoon, but Donald Trump has reached his highest chance yet to be elected president – at least according to the Betfair exchange. Trump is now trading at 15/8 odds, equivalent to a 34 per cent chance, on Betfair's [...]
RIP Grexit? Citi says it no longer believes Greece will leave the EU September 16, 2016 Remember Grexit, the EU-changing event that didn't happen before Brexit did (almost) happen? Citi, the lender whose chief economist coined the term, has said it is now so unlikely it is removing it from its baseline scenario. RIP Grexit. In a note today analysts said although bailout negotiations between Greece and its so-called troika of creditors – the [...]
The Racing Post: Exponent Private Equity clears the fence as it completes takeover of the Racing Post September 16, 2016 Exponent Private Equity dashed to the finish line yesterday at it completed the acquisition of the leading horse and sports betting publication The Racing Post. The 30-year-old newspaper, website and mobile app provides comprehensive news, race information and bloodstock data across its formats, turning it into the horseracing industry's "bible". Exponent's takeover was completed with [...]
Picks of the day: The three stories to read today September 16, 2016 It’s Friday afternoon – the weekend is only round the corner, so you’re probably trawling the internet for something to read. We’ve done the legwork for you, and put together the top three stories of the day in bite size form, just to make your life that bit easier. Check out our three at three. [...]
Everything you need to know about new Ukip leader Diane James September 16, 2016 Ukip selected Diane James as its new leader today, a businesswoman and an MEP for the South East of England. So what can we expect from Ukip's first woman leader, who calls her party a "change movement" and "the opposition in waiting"? https://twitter.com/DianeJamesMEP/status/776774306491666436 She is against access to the single market James made it clear today that she [...]
US inflation just about beat economists’ expectations last month September 16, 2016 US consumer price growth came in slightly better-than-expected last month, according to official data released today. The Labour Department said today that the consumer price index (CPI) rose 0.2 per cent last month after it remained unchanged in July. In the 12 months to August, the CPI swelled 1.1 per cent after increasing 0.8 per cent in [...]