Brexit talks postponed in blow to Boris Johnson’s proposals October 5, 2019 Brexit talks between the UK and European Union will be postponed until next week with the European Commission claiming the new proposals “do not provide a basis for concluding an agreement”. The EU Commission’s spokeswoman Natasha Bertraud said talks on replacing the Irish backstop would not take place this weekend as anticipated, but added that [...]
Brexit ‘is not Mission Impossible’, says Ireland minister October 4, 2019 Brexit is not “mission impossible” and a deal between the UK and EU can be made, according to Irish foreign minister Simon Coveney. Coveney had earlier said Prime Minister Boris Johnson’s “final offer” on Brexit had fallen short of the Irish backstop. Read more: Economists predict how much the pound will spike if UK agrees [...]
FTSE 100 claws back losses as sterling drops October 4, 2019 The FTSE 100 clawed back some of its losses today after a turbulent week of trading. The blue chip index climbed one per cent to roughly 7,150 this afternoon, ending a major selloff which has pushed the London market into one of its worst weeks in recent years. Read more: CMC Markets forecasts jump in [...]
John Lewis threatens to withhold 20 per cent of service charges October 4, 2019 John Lewis is threatening to withhold up to 20 per cent of service charge to landlords to protest the increase in payment amounts . The department store said it is attempting to reduce costs but has been faced with service charge hikes at some of its shopping centre branches. Read more: John Lewis to axe [...]
Dame Helena Morrissey to quit Legal & General Investment Management October 4, 2019 City superstar Dame Helena Morrissey has quit Legal & General Investment Management (LGIM) after almost two and a half years at the company. Read more: Could Dame Helena Morrissey be the next Bank of England boss? Morrissey, a vocal advocate of Brexit, said she has “a lot of ideas” she wishes to pursue in a [...]
US economy adds 136,000 jobs in September as unemployment rate falls to 50-year low October 4, 2019 The US economy added more than 130,000 jobs in September, with unemployment falling to its lowest rate in half a century. After a week of warning signs about a global financial slowdown, the US reported today that roughly 136,000 jobs were made last month. Read more: Global stocks bleed red The unemployment rate, which has [...]
Boris Johnson to seek Brexit delay if no deal agreed by 19 October October 4, 2019 Boris Johnson will ask the EU for a Brexit delay beyond Halloween if he cannot secure a deal by 19 October, it is reported. Government documents filed with a Scottish court show Johnson will break his promise to deliver Brexit by 31 October by seeking an extension, according to Sky News. Read more: The real-life [...]
Report: Probe into VIP Westminster paedophile ring caused by ‘poor judgement’ October 4, 2019 A Met Police probe into claims of a Westminster VIP paedophile ring was caused by “poor judgement”, according to a new report. Scotland Yard searches of the homes belonging to wrongly-accused suspects in a paedophile case were “unlawful”, a review by retired High Court judge Sir Richard Henriques has concluded. Read more: Poll – Sterling [...]
Softbank’s second Vision fund hit by failed Wework IPO October 4, 2019 Softbank founder and chief executive Masayoshi Son is struggling to raise money for a second technology investment fund following the failed public offering of office space provider Wework. Son is preparing to go-ahead with the Vision Fund 2, despite advice to delay, according to Reuters. However, the fund is likely to be smaller than the [...]
‘Retro-futurist’ interiors bring brutalist Balfron Tower up to date October 4, 2019 Since it opened in 1967, the 26-storey Balfron Tower in Poplar has gone full-circle. The concrete behemoth was initially considered the masterpiece of modernist architect Erno Goldfinger, who even took a flat there himself. By the 1980s, it had become a symbol of urban deprivation, featuring in films such as the post-apocalyptic thriller 28 Days [...]