Gold 50p Brexit coins sell out in hours January 31, 2020 The 50p coin to commemorate Brexit has been beset by problems and repeated delays. Its gold counterpart has proved a glittering success, however. The Royal Mint has said it has now fully sold out ahead of Britain’s departure from the EU at 11pm tonight. The Brexit 50p gold coin is marked with the words, “Peace, [...]
Brexit-week: Why Brexit isn’t the only reason for the pound’s uncertainty January 31, 2020 | City Talk It’s been an up and down week for the pound and for once, despite being Brexit-week, the UK’s departure from the EU wasn’t the primary cause. The provisional manufacturing PMI came in close to the breakeven point at 49.8, more than two points higher on the month. The services PMI was up three points at [...]
Nationwide suffers payment glitch leaving customers unable to pay bills January 31, 2020 A glitch has left Nationwide customers unable to transfer money or pay bills on the final day of the month. The building society has said that all payments are currently being held in a queue. They are yet to confirm how long they will take to be sent. It has left customers frustrated and worried [...]
Brexit Day celebrations: How the UK is marking 31 January January 31, 2020 After nearly four years since the EU referendum in June 2016, Brexit Day is upon us. Great Britain will finally cut its ties with the European Union on 31 January after that date was repeatedly delayed. The original Brexit date was 29 March 2019. But that was pushed back to 31 October and then 31 [...]
Brexit Day: What the biggest Leavers and Remainers had to say January 31, 2020 As the UK prepares to bring an end to its 47-year membership of the EU tonight at 11pm, here is how some of the major players reacted to Brexit Day today. British Prime Minister Boris Johnson: Johnson, who will release a video statement tonight, said: “Our job as the government – my job – is [...]
Laura Ashley chief executive steps down after eight years January 31, 2020 Retailer Laura Ashley said today its chief executive Kwan Cheong Ng is stepping down after eight years in the role. Chief operating officer Katharine Poulter will take the helm at the company from 1 May. Poulter joined Laura Ashley this month as chief operating officer. She was previously managing director at budget household chain Wilko [...]
Tube delays: Commuters face Victoria Line chaos after Finsbury Park fire alert January 31, 2020 A fire alert at Finsbury Park has led to rush hour havoc on the Tube today as the Victoria Line was partly suspended, while a signal failure disrupted Piccadilly Line passengers. Commuters face a miserable journey to work with no Victoria Line service between King’s Cross SAt Pancras and Walthamstow Central as Transport for London [...]
Sir Jim Ratcliffe’s Ineos to become Mercedes F1 sponsor January 31, 2020 Business tycoon Sir Jim Ratcliffe’s Ineos will become a sponsor of Mercedes’ Formula One (F1) team in time for the new F1 season in March. According to the Financial Times, the deal, which is reported to be around £20m a year, is likely to be announced in weeks. The agreement means that reigning world champion [...]
Watchdog probes jump in sterling before Bank of England rate decision January 31, 2020 City watchdog the Financial Conduct Authority has opened an investigation into the jump in the value of the pound shortly before the Bank of England’s interest rate decision yesterday. The Bank confirmed it asked the FCA yesterday to investigate the unusual spike in the value of sterling. The value of sterling jumped about 15 seconds [...]
FCA opens probe into M&C Saatchi’s £12m accounting blunder January 31, 2020 The City watchdog has launched a probe into M&C Saatchi’s accounts after the advertising giant admitted an £11.6m accounting error in December. The Financial Conduct Authority (FCA) has opened its own investigation into the issue, which saw M&C Saatchi shares implode. M&C Saatchi also issued a profit warning at the same time, admitting earnings could [...]