Election promises little relief for troubled UK markets December 10, 2019 | City Talk The election represents another ‘key risk’ moment for UK assets. Depending on the result, some parts of the UK stock market could suffer heavily, while others might be beneficiaries of a surprise result. This is the dangerous part – trying to work out what comes next. Memories of the predictions made before Brexit and Trump [...]
Amazon strengthens dominance of UK e-commerce market December 10, 2019 Online retail giant Amazon increased its dominance of the UK e-commerce market this year, according to the latest research. Amazon boosted its market share from 28.8 per cent in 2018 to 30.1 per cent this year, accounting for $30bn in sales. Read more: Amazon nets Champions League rights The next largest player in the UK, [...]
Lloyds found to have failed customers hit by HBOS Reading branch fraudsters December 10, 2019 Lloyds Banking Group was found today to have failed in its compensation of customers who were hit by fraudsters in the Reading office of HBOS. A report by Sir Ross Cranston assessing the bank’s customer review, which was set up to compensate victims of the HBOS Reading fraud, found the review “did not achieve the [...]
Online retailer Koovs on brink of administration after failing to secure £6.5m funding December 10, 2019 India-focused online retailer Koovs announced it has applied for administration this afternoon after its biggest shareholder Future Lifestyle Fashions refused to invest an additional £6.5m into the company. London-listed Koovs saw its shares suspended today after it announced had been unable to secure alternative funding. Read more: Koovs hangs hopes on 2020 growth despite drop [...]
How do UK general elections impact the stock market? December 10, 2019 | City Talk General elections can have a profound long-term effect on the economy and people’s lives. The impact of elections on the stock market is less understood. Analysing the last seven UK elections, there is no definitive pattern as to how markets react, although there are historical patterns that may help investors and traders prepare for the [...]
Whoever wins this election, our politics will remain in flux December 10, 2019 Nothing except an election lost can be half so melancholy as an election won. That’s what the Duke of Wellington might have said after he swapped the battlefield for politics. Come Friday morning, each of the major parties will be reckoning with the result — and may find pain in victory as well as defeat. [...]
General Election: Who are City workers voting for? December 10, 2019 Two days ahead of the general election, politicians are travelling up and down the country to hammer home their campaign messages. However, for many in the City, neither Labour nor the Conservatives offer stability or financial certainty. Financial services will be the primary target of a Jeremy Corbyn-John McDonnell government, but Boris Johnson’s promise to [...]
Insolvency firm Begbies Traynor’s boss says retail carnage expected to continue December 10, 2019 The executive chairman of restructuring and insolvency specialist Begbies Traynor said today that there was no sign of the carnage on the High Street ending as the growth in e-retailing and shaky consumer confidence continued to take their toll. “Headwinds in terms of consumer demand with uncertainty over what the future will hold and structural [...]
Election 2019: Boris Johnson says Labour’s Ashworth ‘absolutely right’ on Corbyn December 10, 2019 Boris Johnson has said Labour’s Jon Ashworth is “absolutely right” about Jeremy Corbyn, after a recording of the shadow health secretary criticising his leader emerged today. The recording, leaked to Guido Fawkes by Ashworth’s Tory activist friend, reveals the Leicester South candidate admitting Labour’s prospects are “abysmal”and “dire” in towns in the Midlands and the [...]
Mr Kipling owner Premier Foods makes interim CFO permanent December 10, 2019 Mr Kipling owner Premier Foods has appointed Duncan Leggett as its permanent chief financial officer after he took on the role on an interim basis in August. Leggett, who joined the company in 2011, replaced former finance chief Alistair Murray. Read more: Premier Foods appoints new CEO and chairman The appointment follows a period of [...]