Juncker appears to rule out extension after Brexit deal agreed October 17, 2019 Jean-Claude Juncker appears to have ruled out any further extension to the Brexit process, after an 11th-hour deal was agreed this morning. The European Commission president told reporters in Brussels that the deal “means there is no need for any kind of prolongation”. Read more: Brexit deal agreed in Brussels – so what happens next? [...]
Johnson urges MPs to back Brexit deal as Juncker praises breakthrough for ‘peace and people’ October 17, 2019 Boris Johnson has urged MPs in Westminster to back his last-minute Brexit deal, ahead of a major showdown during a special session on Saturday. Standing alongside European Commission president Jean-Claude Juncker, the UK Prime Minister praised the 11th hour agreement as “a very good deal both for the EU and the UK”. Johnson described it [...]
Wework creates committee to mull financial lifeline October 17, 2019 The owner of Wework has reportedly set up a committee to decide whether it will accept a financial lifeline from its largest shareholder and main lender. In a move that will likely decide the fate of the embattled firm’s future, the We Company has put together a special board committee to consider proposals for a [...]
Live updates: Boris Johnson hails ‘great’ new Brexit deal as agreement struck October 17, 2019 The UK has struck an 11th hour Brexit deal with the EU. Please manually refresh this page for updates. 1.16pm: Varadkar welcomes Brexit deal’s ‘unique solution’ for Ireland Meanwhile, Irish Prime Minister Leo Varadkar said: “We have #Brexit Agreement that allows UK leave EU in orderly way. We have unique solution for NI that respects [...]
Eurostar revenue ticks upward after a busy summer October 17, 2019 Eurostar has recorded a modest increase in third quarter revenues after its busiest ever August. The cross-channel rail company today reported a three per cent increase in sales revenue to £254m in the three months to 30 September. Read more: Eurostar tells passengers not to travel as heat causes train chaos This was on the [...]
PPI claims drive surge in company complaints October 17, 2019 More than 4m complaints were made to firms in the first half of this year, driven by a surge of payment protection insurance (PPI) claims. The UK’s financial watchdog has reported 4.29m complaints for the first six months of 2019, rising from 3.91m during the second half of last year. Read more: Banks struggle with [...]
Brexit deal agreed in Brussels – what happens next? October 17, 2019 Boris Johnson has secured a last-minute Brexit deal with the European Union with just hours before the final European Council begins. But just because the Prime Minister has struck a deal with Brussels, there is no guarantee that the UK will still be leaving the EU on 31st October – here’s what could happen next. [...]
Rathbone Brothers’ shares fall as it warns on tighter profit margin October 17, 2019 Shares in Rathbone Brothers fell sharply this morning after reporting its profit margin will narrow over the next two-to-three years. Shares in the investment management company were down 8 percent to 2,190p in the morning’s trading, despite an 11 per cent annual increase in third quarter operating income. Read more: Rathbone Brothers boosts profits but [...]
Natwest raises available loans for small businesses by over £2bn for Brexit support October 17, 2019 NatWest has added £2.2bn to a Brexit loan pot aimed at supporting small businesses amid Britain’s imminent departure of the EU. The high street lender is upping the size of its Growth Funding programme to £8.2bn after identifying thousands of smaller firms facing potential disruption with Brexit. Read more: Bank of America trumps estimates Natwest, [...]
Moneysupermarket share price sinks as it warns of money segment weakness October 17, 2019 Moneysupermarket’s share price dropped 10 per cent today as product availability problems hampered one of its core businesses. The comparison website’s money division shrank five per cent to £20.6m for the three months to the end of September, the comparison site said in a trading update. Read more: How to avoid the grey suit mentality [...]