Brussels postpones Brexit delay decision October 25, 2019 The EU has pushed back the deadline to make a decision on how long a Brexit delay it will offer the UK. But EU leaders have agreed in principle to grant the UK a Brexit extension, the European Commission said today. Read more: The FTSE 100 is trading flat amid Brexit caution The EU’s chief [...]
Legal Q&A: Should I invest in an apartment building with exterior cladding? October 25, 2019 The Grenfell Tower fire in 2017 brought into sharp focus the fire risks posed by flammable external wall systems known as ‘cladding’. From a buyer’s perspective the presence of cladding will impact a number of areas, not least the ability to obtain a mortgage, potential remedial costs and the future saleability of the property. Commonly, [...]
Synthomer shares slide after profit warning October 25, 2019 Chemicals company Synthomer led the London Stock Exchange’s fallers this morning after a profit warnings pushed down shares. The Polymer manufacturer said today that its annual underlying profits before tax would be lower than market expectations if the current macroeconomic troubles carry on over the next three months. Read more: Why The Apprentice is actually [...]
Chancellor Sajid Javid admits 31 October Brexit deadline ‘can’t be met’ as government tables election vote October 25, 2019 Sajid Javid has admitted that the 31 October Brexit deadline is all but dead. It is the first time the government has publicly accepted it is unlikely the UK will leave the EU before the end of the month, despite Boris Johnson’s “do or die” pledge. The Chancellor said it is likely the EU will [...]
WPP leads FTSE 100 risers with surprise return to growth October 25, 2019 WPP led the FTSE 100 risers today as its shares climbed after it posted a surprise return to growth in the third quarter. WPP’s share price rose above six per cent to 971.2p after revealing revenue climbed 5.2 per cent to £3.29bn. Read more: Sainsbury’s heir to the throne quits to join WPP Like-for-like sales [...]
Quickquid owner to take £58m hit on exiting the UK October 25, 2019 The owner of the UK’s largest payday loan company Quickquid said it will take a £58m hit on closing down the firm and pulling out of the UK market. US-based Enova said in its results last night that it was exiting the UK “due to regulatory uncertainty”. The company said it was recording an after [...]
FTSE 100 trades flat amid Brexit caution October 25, 2019 European markets were flat this morning, with UK traders struggling for direction following four sessions of gains. Uncertainty over the future of Brexit has driven caution in this morning’s session, with the FTSE 100 falling by 0.1 per cent. The Dax is down by roughly 0.1 per cent while the Cac is trading flat. Read [...]
UK mobile network operators reveal plan to end rural ‘not-spots’ October 25, 2019 The UK’s four mobile network operators have reached an agreement with the government to banish “not-spots” in the countryside where network coverage is poor. Vodafone, O2, EE and Three will spend £532m between them over 20 years, according to plans announced on Friday, with the aim of giving 95 per cent of the UK 4G [...]
Four things we learned from Barclays results October 25, 2019 Barclays delivered a mixed set of results for the third quarter today, with strong performance in its controversial investment bank outweighed by a massive £1.4bn PPI claims hit. These are the top four takeaways from Barclays results today. Barclays was not expecting PPI ‘avalanche’ Barclays otherwise strong third quarter results were torpedoed by a whopping [...]
‘Series of failures’ caused Boeing’s 737 Max Lion Air crash October 25, 2019 A series of failures is to blame for the fatal crash of a Lion Air Boeing 737 Max jet last October, in a tragedy that killed 189 people, according to a official report. Indonesia’s National Transportation Safety Committee said mistakes by Boeing, Lion Air and pilots led to the plane crash. Read more: Design flaws [...]