FTSE 100 Live: Stocks to fall as Hormuz strikes revive security threat; Asian markets hit by tech sell-off after Apple price hike
I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
Brexit: Macron and Merkel clash over hopes for UK trade deal October 15, 2020 Hopes for a trade deal with the EU remained ambiguous at today’s EU summit, with French President Emmanuel Macron and German Chancellor Angela Merkel disagreeing over whether the UK will secure a deal before the Brexit deadline. Macron told a meeting of EU leaders in Brussels today: “I hope to finalise a Brexit deal in [...]
Brexit: No deal could ground UK-EU flights, Grant Shapps admits October 15, 2020 The transport secretary has admitted that a no-deal Brexit could lead to flights between the UK and EU grounded from the beginning of next year. Speaking at travel trade body ABTA’s virtual conference, Grant Shapps admitted that with just 78 days to go before the end of the transition period, the two sides were still [...]
Goldman Sachs: Brexit drama ahead but thin deal could be reached October 15, 2020 There could be Brexit-related drama at this week’s EU summit but a thin Brexit deal is likely to be struck by early November, Goldman Sachs analysts said. “We think the perceived probability of ‘no deal’ will persist through the course of October,” analysts led by Sven Jari Stehn wrote in a client note. “But our [...]
Boris Johnson turns his back on today’s Brexit trade deal ‘deadline’ October 15, 2020 Prime Minister Boris Johnson will not walk away from Brexit negotiations today, despite setting a 15 October deadline for reaching an “outline” for a trade deal with the EU. Johnson signaled that he will not decide whether an agreement with the bloc is possible before today’s EU summit in Brussels, following advice from Brexit envoy [...]
EU markets watchdog working on ‘Plan B’ to move euro clearing from London October 14, 2020 The European markets watchdog is working on a “Plan B” that would move clearing of euro-denominated derivatives out of London if the bloc decides not to grant the UK long-term access to its markets. The London Stock Exchange’s LCH unit has been given permission by the bloc to continue clearing derivatives for EU customers for [...]
UK’s £225bn professional services industry risks ‘catastrophic’ hit from Brexit October 14, 2020 Britain’s £225bn professional services industry has been ignored by the government and is under “catastrophic” threat of losing business to the EU post-Brexit, a parliamentary committee has warned. A House of Lords’ EU services subcommittee report published yesterday said the UK’s accountants, lawyers, recruiters, architects and advertisers are under risk of losing contracts and jobs [...]
Today: Boris Johnson to meet EU chief in crunch trade deal meeting October 14, 2020 Boris Johnson and EU chief Ursula von der Leyen will hold last minute Brexit talks today as the two sides try to salvage a last minute trade deal. The two have agreed to meet ahead of an EU summit on 15 October, with Johnson saying last week that he needs to see a deal is [...]
Four ferry firms sign £80m post-Brexit freight deal October 13, 2020 Four ferry firms have signed contracts with the Department for Transport (DfT) worth a combined £77.6m to provide freight services after Brexit. Brittany Ferries, DFDS, P&O and Stena Line will between them provide extra capacity for the equivalent of 3,000 heavy goods vehicles a week. The new contracts will ensure that vital medical supplies and other [...]
City to shift €150bn of UK assets into France ahead of Brexit October 13, 2020 Firms have begun shifting around €150bn (€135bn) of UK assets from the City into France ahead of the Brexit transition period deadline, according to the governor of the Bank of France. Francois Villeroy de Galhau told the Europlace International Financial Forum that the Bank of France has authorised asset shifts by 32 companies — mostly [...]
EU leaders ‘to insist on tough enforcement powers’ for any Brexit deal October 12, 2020 EU leaders are reportedly set to insist on tough enforcement measures for any trade deal with Britain, warning that Boris Johnson’s bid to override the Brexit treaty shows the UK’s word cannot be trusted. Leaders will call on chief Brexit negotiator Michel Barnier to ensure that so-called level playing field guarantees for EU businesses competing [...]