Brexit latest: Minister hits out at customs union as DUP backs off October 21, 2019 Any attempt to tweak Boris Johnson’s deal to include remaining in the customs union would be “procedural tricks” aimed at blocking Brexit, a minister at the Treasury has said. Speaking to the Today programme this morning, Rishi Sunak said anyone wanting to “amend legislation are ultimately wanting to frustrate, delay or cancel Brexit altogether, and [...]
Hillary Clinton mocks Trump’s letter to Turkey with spoof JFK note October 21, 2019 Almost three years since Donald Trump beat Hillary Clinton to become President, it appears the heated rivalry between the two has yet to simmer down. In the latest trolling between the pair, the former Democratic nominee has mocked a letter from President Trump to Recep Tayyip Erdogan by tweeting a parody version. Read more: Donald [...]
One in four UK households now predict the Bank of England to cut interest rates October 21, 2019 The number of households expecting the Bank of England (BoE) to cut interest rates has risen to its highest level since the Brexit referendum, survey data showed today, as Britons remain downbeat about their financial health over the coming months. Read more: Bank of England deputy suggests Brexit deal could see rates rise Households are [...]
Is oil’s relationship with energy stocks slipping? October 21, 2019 | City Talk Our chart of the month shows that the link between energy stocks and oil appears to be on the slide. What’s happening? Typically, the US energy sector trades in tandem with oil prices. The sector is largely made up of household names like Exxon and Chevron, involved in exploration and production. They are known as [...]
Micro Focus shares sink as Open Text denies it might buy British IT firm October 21, 2019 Micro Focus’ share price fell to a 19-month low today after a potential buyer ruled out an acquisition of the troubled British IT firm. Open Text has flat out denied a Bloomberg report last week that the Canadian firm was weighing up a bid. Read more: Micro Focus overhauls exec pay after shareholder backlash “Open [...]
Traders braced for busy week as pound opens flat and European markets edge up October 21, 2019 Traders are bracing themselves for a fresh week of market mayhem amid trade war negotiations and Brexit uncertainty. Optimism over an end to the US-China tariff battle has pushed European markets up slightly after the opening bell this morning, with both the German Dax and the FTSE 100 rising 0.4 per cent. Read more: Speaker [...]
Just Eat revenue rises as it hopes for £9bn end-of-year merger with Takeaway.com October 21, 2019 Just Eat’s third quarter revenue rose 25 per cent, it revealed today, as it hopes a £9bn merger with Dutch rival Takeaway.com willbe tied up by the end of the year. Despite this, shares fell five per cent in early trading as analysts were sceptical the deal would get past shareholders at a meeting pencilled [...]
SAP strikes three-year cloud computing deal with Microsoft October 21, 2019 Software company SAP said today it had agreed a three-year deal with Microsoft to help its large business customers move business processes into the cloud. The partnership, called Embrace, aims to help clients run operations hosted at remote servers supported by SAP’s S/4HANA database. Read more: Software giant SAP to buy Qualtrics for $8bn days [...]
Barclays UK chairman Sir Ian Cheshire: Get on with Brexit October 21, 2019 Barclays UK chairman Sir Ian Cheshire has urged the government to press ahead with Brexit, becoming the latest City figure to express his frustration at the continued uncertainty in Westminster. The pro-Remain businessman, who was previously the boss of Kingfisher, told the BBC this morning that Downing Street’s agreement with the EU is “an acceptable [...]
Wirecard hires KPMG to inspect accounting, days after dismissing calls for independent audit October 21, 2019 German payments giant Wirecard has hired KPMG to conduct an independent audit, in a bid to address claims its finance team had tried to inflate its reported sales and profits. The announcement was enough to push shares up 6.7 per cent this morning. It comes days after chairman Wulf Matthias dismissed calls for such an [...]