FTSE 100 Live: Stocks to tumble as interest rate decision looms; Oil falls as ‘economic catastrophe’ avoided
Passengers warned of Easter travel chaos as HS2 works shut Euston station March 29, 2019 Passengers have been urged to check their travel plans this Easter as Euston station closes while major engineering works for HS2 take place. Read more: Passengers urged to plan Easter travel ahead of railway upgrades No trains will leave Euston over the Easter weekend between 19 and 22 April, as well as the first bank holiday [...]
UK growth sluggish as consumer spending keeps economy afloat March 29, 2019 Britain’s economy grew by just 0.2 per cent in the final quarter of last year compared to the quarter before, figures released today have confirmed, giving it the third-slowest growth rate out of the G7 countries in 2018. The economy was boosted by British consumers spending more than they earned for a ninth consecutive quarter, [...]
Numis sees revenues plunge amid Brexit uncertainty and lower share prices March 29, 2019 London-based stockbroker Numis has warned shareholders today that it expects to deliver revenue approximately 26 per cent lower in the first half of 2019 than it did in the same period a year before. Read more: Numis warns of Brexit hit to trading performance In a trading statement released this morning the company, which is [...]
Worst London house price drop in 10 years drags down UK house prices growth March 29, 2019 UK house price growth stayed soft in March as London's worst house price drop in a decade dragged down the market. Prices rose 0.7 per cent in March compared to the year before, according to Nationwide’s latest house price index, a modest 0.2 per cent higher than February. Read more: UK house prices: Brexit means prices [...]
Tui takes €200m hit after Boeing 737 Max jets grounded following crash March 29, 2019 Travel operator Tui has taken a €200m (£172.5m) hit from the grounding of Boeing’s 737 Max planes. The holiday destination company confirmed the blow this morning, saying the expense of drafting in spare aircraft and “other disruption costs” will weigh on profits. Underlying earnings before interest tax and amortisation are now expected to drop 17 per [...]
MPs prepare for third meaningful vote on Theresa May’s Brexit deal March 29, 2019 Theresa May will attempt to push her Brexit deal through parliament for a third time today – the day the UK was officially scheduled to leave the EU. The Prime Minister will ask MPs to vote on her withdrawal agreement but not the political declaration in order to get round a ruling made by the [...]
‘No justice’: Mike Ashley voices anger as Debenhams thwarts his takeover bid March 29, 2019 Mike Ashley has railed against Debenhams’ move yesterday to thwart his takeover offer, saying “if there were any justice in the world the majority of the advisors would be put in prison”. Read more: Debenhams bondholders back £200m rescue loan in blow to Ashley bid The billionaire owns a 30 per cent stake in the department [...]
DEBATE: Should a General Election follow the appointment of a new Tory leader and Prime Minister? March 29, 2019 Should a General Election follow the appointment of a new Tory leader and Prime Minister? Tim Bale, professor of politics at Queen Mary, University of London, says YES. There is no constitutional requirement for anyone who takes over as Prime Minister to call a General Election, although one could be forced upon them were they to [...]
It’s not about copyright – the EU is trying to destroy the internet March 29, 2019 One of the feistiest debates in the classically liberal community revolves around the concept of property rights, especially in the digital age. I realise that, for many, this may not seem the sexiest topic, but at least this column isn’t about Brexit, so stay with me. Those who broadly share a similar, free-market worldview can take [...]
Asking the people is the only way to end this Brexit nightmare March 29, 2019 THERE is no doubt that, regardless of the high-minded principles which most politicians claim to hold, the actual reality of politics is often a grubby business. Complete victories for any given position are rarely seen. Instead, compromises are usually hammered out on a subject through a mixture of what is possible for different parties to [...]