Jeremy Corbyn could hit bank profits as hard as a no-deal Brexit, warns Citi April 15, 2019 The election of Labour leader Jeremy Corbyn as prime minister would have as damaging an effect on UK bank profits as a no-deal Brexit, according to a note from investment bank Citi. Read more: Comrade Corbyn’s statist policies would tank the British economy Labour is edging ahead of the Conservatives in the polls, with the popularity [...]
You can’t blame Brexit for the British car industry’s woes April 15, 2019 Quizzed by Nick Hewer on Honda’s decision to close its Swindon plant earlier this month on BBC radio, I suggested that blaming Brexit for the demise of the Japanese auto makers factory with the loss of 3,500 jobs was not the whole story. Certainly, Brexit plays havoc with the vehicle industry’s sophisticated just-in-time supply chain. [...]
Best 25 stocks in the last tax year April 15, 2019 | City Talk By Graeme Evans from interactive investor. The FTSE 100 outperformed mid-caps last tax year, but the top FTSE 350 performers might surprise you. Take a look at the financial year ended on the 5th April, with the 25 top performing stocks in the FTSE 350 all producing gains of 40 per cent or more over the [...]
Britain determined to avoid no-deal Brexit, Jeremy Hunt tells Japanese Prime Minister April 15, 2019 Jeremy Hunt reassured Japanese Prime Minister Shinzo Abe today that the government is determined to avoid crashing out of the European Union without a withdrawal deal. Read more: Jeremy Hunt warns Brexit paralysis could keep Britain in EU On a visit to the Japanese leader’s residence in Tokyo, the foreign secretary said: “We recognise that [...]
Profits grow at recruitment consultant Robert Walters in a ‘solid’ first quarter April 15, 2019 Recruiter Robert Walters started the year solidly, growing gross profit by 11 per cent in the first quarter, it said this morning. The global consultant relied on strong growth in Asia to help push up overall figures, increasing gross profit, or net fee income, 12 per cent to £36.4m. In Japan, mainland China, the Philippines, [...]
Carr’s Group sees profits slip as it blames Brexit uncertainty and mild weather April 15, 2019 Profits slipped at farming supplies firm Carr’s Group in the first half of its financial year, it revealed today, as it withstood Brexit uncertainty and mild weather to stay on track with full-year expectations. The figures Profit before tax fell 2.6 per cent to £10.3m in the six months to the start of March, compared [...]
Passengers take wings at Heathrow as airport sees growth despite Brexit headwinds April 15, 2019 London’s main airport Heathrow showed its 29th consecutive month of record growth in March as passengers headed for Africa and North America helped push up figures. The number of trips made on connections to Africa jumped 5.8 per cent to 304,000, while freight to and from the continent grew 11 per cent as Virgin increased [...]
London house prices rise as estate agents predict Brexit delay will spur demand for family homes April 15, 2019 London house prices ticked up this month as sellers raised their expectations as demand from families combined with a Brexit delay for an anticipated spring bounce. Read more: Brexit uncertainty will drag down London house prices over 2019 The average price of new-to-the-market homes saw their largest April rise since 2015, growing 1.1 per cent [...]
What’s next for Europe’s capital markets? April 15, 2019 There are big questions on the horizon about the next steps for Europe’s financial sector. This topic was at the top of the agenda recently when I was in Romania for the Eurofi regular gathering of European finance ministers, financial services policy makers and industry representatives. As the current EU legislative cycle winds down before [...]
Retail and casual dining bounce back in March amid sunny spring weather April 15, 2019 Britain's pubs and restaurants cheered a recovery in trading last month, as warmer weather boosted the nation’s appetite for drinking and eating out. A bounceback from cold, snowy weather last year saw collective like-for-like sales in restaurants and pubs grow by nearly four per cent in March, new data released today by the Coffer Peach [...]