Manufacturers urge May to revoke Article 50 if Brexit deal cannot be secured April 7, 2019 Manufacturers have urged Prime Minister Theresa May to revoke Article 50 is she cannot secure a Brexit agreement this week amid growing fears the UK could crash out of the EU without a deal. In an open letter to May and Labour leader Jeremy Corbyn, trade body Make UK said the industry had already been [...]
Hammond “optimistic” on reaching Brexit agreement with Labour April 6, 2019 Chancellor Philip Hammond has said he is “optimistic” talks between Labour and the Conservative Party over the Brexit deadlock can end in “some form of agreement”. Speaking ahead of the EU finance ministers’ meeting in Bucharest, Hammond said that the government had no “red lines” and an “open mind” to discussions with the oppositions, which [...]
Labour “disappointed” with Tory Brexit talk progress as EU consider “flexible extension” April 6, 2019 Labour has criticised the government for not being open to change during discussions to end the Brexit stalemate. The opposition has been engaged with the Conservative Party to discuss alternatives to the current deal after it was heavily defeated in Parliament on three separate occasions. Read more: Goldman Sachs cuts the probability of a no-deal Brexit [...]
FTSE 100 ends week strong with biggest gain in two months April 6, 2019 The FTSE 100 ended the week strongly as it gained 0.61 per cent during Friday's session and saw its biggest weekly increase for two months. The index continued its six-month high, outshining its European peers despite the on-going Brexit saga. Optimism grew early on as US President Donald Trump said a deal to end the US-China [...]
Editors’ Notes: Philip Hammond outfoxes the Treasury committee in clash over end to austerity April 5, 2019 Three cheers for Philip Hammond! Yes, you heard that right – I may be alone, but I found myself applauding the chancellor last night when we got a sneak preview of his response to the Treasury Select Committee’s (TSC) fisking of the autumn Budget. Read more: Hammond says ending austerity will not mean spending splurge [...]
Tom Watson calls for second referendum to be included in any Labour-Tory Brexit agreement April 5, 2019 A second referendum on a final Brexit deal could “solve the national crisis” in the UK, Labour’s deputy leader Tom Watson said. Watson told the BBC he was a "reluctant convert" to a confirmatory vote but said it could be a way out of the current parliamentary impasse. Read more: Goldman Sachs cuts the probability [...]
Fevertree’s remarkable turnaround April 5, 2019 | City Talk By Graeme Evans from interactive investor. A 15 per cent trading range following annual results shows how divided opinion is on this AIM favourite now. Having accelerated from £158 million at IPO to a £3 billion-rated company in just over four years, posh mixers firm Fevertree Drinks (LSE:FEVR) underlined again today why it is regarded in [...]
Remain-supporting Labour candidate wins by-election in leave-voting Newport West April 5, 2019 A pro-European Labour candidate was today announced as the winner of a by-election in Newport West, which voted leave in the 2016 EU referendum. Labour candidate Ruth Jones won the seat with 9,308 votes (39.5 per cent) in an election that was triggered by the death of the incumbent Labour MP Paul Flynn in February. [...]
Goldman Sachs cuts the probability of a no-deal Brexit April 5, 2019 Goldman Sachs said today that the UK is less likely to leave the EU without a deal as cross-party talks continue. Economists at Goldman Sachs have said that they think the likelihood of the UK leaving the EU without a deal has fallen. Goldman Sachs’ number crunchers upped the chances of a modified version of [...]
Debate: Given the problems at Wow Air, should we be worried about the future of the airline industry? April 5, 2019 Given the problems at Wow Air, should we be worried about the future of the airline industry? Yes – Anthony Hynes is chief executive of eNett international. With Iceland’s Wow Air and other airlines going bust recently, it’s undeniable that the airline industry is going through some turbulent times. In fact, our recent study shows that [...]