Brexit hit to operations expected by institutional investors but they will continue to hold UK assets, according to “Brexometer” January 19, 2017 Big institutional investors think Brexit will change their operating models but are determined to hold on to UK assets despite fears of a slowdown, according to a new survey. Of the institutional investors surveyed by State Street for its new “Brexometer” poll, 80 per cent expect Brexit to impact their operations, as the UK faces [...]
Opec output cuts are in a “probation period” as the market tightens, IEA says January 19, 2017 Demand for oil is rising while investors await news of whether Opec's agreed production cuts will take shape, the International Energy Agency (IEA) has said. A report today by the IEA said the cuts agreed on by the Organisation of the Petroleum Exporting Countries (Opec) and 11 non-Opec producers are in a "probation period" as the market tightens. Opec said it would cut oil [...]
Here are six things we learned about the travel industry from the latest ONS figures January 19, 2017 On the back of reports that the UK's travel industry is facing choppy waters in the year ahead, the Office for National Statistics (ONS) today released figures on how the sector stacked up over the period from July to September 2016. Here are the most interesting things we learned. 1. North Americans are showing a growing interest in Britain [...]
RMT says Southern strikes will go ahead next week January 19, 2017 The RMT said Southern rail strikes will go ahead next week, after the union said it was "excluded" from talks between Aslef and rail bosses. Southern drivers and guards who are members of the RMT union will strike on Monday 23 January. RMT general secretary Mick Cash said: "RMT demands again today that this union be [...]
Trinity Mirror is cutting dozens of jobs as it restructures its regional newsrooms January 19, 2017 Trinity Mirror has announced plans to cut dozens of jobs as part of a massive revamp of its regional newsrooms. In a statement today it said after a review it had decided to cut 78 existing roles, but create 44 new jobs, including 17 focusing on video creation and production. However, none of its regional [...]
Pan-European trade body to scrutinise Brexit impact for EU, as the UK prepares for life outside the Single Market January 19, 2017 A leading trade body for Europe's financial markets has launched a study into what fallout the EU can expect from the UK leaving the Single Market. Prime Minister Theresa May laid out her vision for a post-Brexit Britain in a hotly-anticipated speech on Tuesday, including, as many had suspected, plans to leave the Single Market. [...]
Former MP Zac Goldsmith is still fighting the expansion of Heathrow January 19, 2017 Former MP Zac Goldsmith isn’t going to let his eviction from the House of Commons keep him out of the fight against Heathrow. Brexiteer Goldsmith gambled his seat in parliament on his constituents opposing a new runway at the West London airport, only for Richmond Park voters to back the Remainer Sarah Olney, who also opposed expansion. But now, Goldsmith [...]
Goldman Sachs’ veteran Michelle Pinggera to retire from bank January 19, 2017 Goldman Sachs' international chief of staff is to step down after 28 years at the Wall Street titan. Michelle Pinggera, who also has some responsibility for overseeing the bank's Brexit plans, is due to leave the investment giant at the end of March, around the same time the Prime Minister will trigger Article 50. In a [...]
Aviva chief exec: Turnaround is complete, so let’s get on with post-Brexit business January 19, 2017 Aviva today announced a large organisational shake-up that will enable the insurance giant to capitalise on the significant opportunities present by the Brexit vote. The group's UK operations, previously separated into life, general and health insurance divisions will be brought together under the leadership of current Aviva life chief exec Andy Briggs. Read more: Aviva shares jump 4.5 [...]