Launch of $2.5bn Asian bond a ‘vote of confidence’ in London Stock Exchange May 15, 2019 A $2.5bn (£1.9bn) bond from the Asian Infrastructure Investment Bank (AIIB) was welcomed by the London Stock Exchange (LSE) today, with its launch dubbed “a vote of confidence in the UK”. Read more: London Stock Exchange boosts income and notes improved listing environment The five-year bond will list on the LSE’s main market on 17 [...]
Labour hand Theresa May a Brexit deal lifeline by refusing to vote down her plan May 15, 2019 Theresa May has been handed a Brexit lifeline by Labour after the opposition did not confirm it would vote against her deal when it returns to parliament next month. The Prime Minister is set to try to get a victory for her plan at the fourth time of asking when she puts the Withdrawal Agreement [...]
Brexit party will win most EU election votes as Tories languish under May, finds poll May 15, 2019 The Brexit party is on course to win the lion’s share of votes in the upcoming EU elections as the Tories continue to shed support among the public. Read more: MPs in eurosceptic ERG 'will vote against' May's Brexit deal in June Nigel Farage’s politicians topped the public vote with a 27 per cent share [...]
British Land swings to a loss as retail troubles hit property values May 15, 2019 British Land became the latest in a string of property giants to reveal a fall in the value of its assets today, swinging to a loss amid turmoil in the retail sector. The FTSE 100 group, which owns developments such as Broadgate campus in the City of London, reported a £300m loss in the 12 months [...]
MPs in eurosceptic ERG faction ‘will vote against’ May’s Brexit deal in June May 15, 2019 The majority of MPs in anti-EU Tory faction the European Research Group (ERG) will vote against Prime Minister Theresa May’s Brexit deal when it is presented to parliament next month, a minister has said. Read more: MPs will vote again on Brexit next month – despite no cross-party agreement Conservative MP Owen Paterson, who was [...]
European growth aided by UK expansion and German bounce-back May 15, 2019 Growth in the Eurozone and European Union picked up in the first quarter of the year after a rough patch, with the UK showing solid expansion, the EU’s official statistics body confirmed today. Read more: Euro rises as Eurozone economy shows stronger-than-expected growth GDP growth in the EU rose to 0.5 per cent quarter-on-quarter, after growing [...]
Business risks ‘Corbygeddon’ if it doesn’t learn to speak up May 15, 2019 The headline in the Sunday Times was stark: “Rich prepare to flee Corbyn’s Britain as Tories desert PM”. The country’s millionaires and billionaires were, according to the compilers of the paper’s annual rich list, preparing for “Corbygeddon” – the prospect of a hard-left Labour government making an irreparable dent in both their own finances and the [...]
MPs will vote again on Brexit next month – despite no deal between Tories and Labour May 14, 2019 Theresa May will attempt to force her Brexit deal through parliament for the fourth time of asking next month – despite not yet reaching an agreement with Labour. Downing Street has revealed May will put forward the legislation needed for the UK to leave the EU in the week commencing 3 June. The announcement came after May met [...]
Ex-Labour minster quits party with astonishing attack on the ‘Corbyn Cult’ May 14, 2019 A former Labour minister has quit the party with a savage attack on the “Corbyn Cult” she claims has taken over the leadership. Bridget Prentice, who served as a junior minister in the Ministry of Justice under Tony Blair, compared the Labour party to North Korea were “disloyalty to the leader is a criminal offence.” Prentice, [...]
Theresa May says it’s ‘imperative’ Brexit takes place by summer as she unveils compromises May 14, 2019 Theresa May has set out the Brexit compromises she will make to Labour amid a warning that signing up to customs union with the EU will split her party. Read more: Brexit: Still no progress in discussions between the Tories and Labour In a marathon meeting of the cabinet in Downing Street, the Prime Minister and her de [...]