Luxury car maker Rolls-Royce achieves highest sales growth in 115-year history in 2018 January 10, 2019 Luxury car maker Rolls-Royce enjoyed a record-breaking year last year, as annual sales reached 4,107 cars – the highest in the marque's 115-year history. The main driver of growth was the company's Phantom model, which chief executive Torsten Muller-Otvos called "flight on land, a magic carpet ride in its purest form". Donald Trump-driven tax reforms in [...]
Passing May’s Brexit deal would make sterling surge, says JP Morgan January 9, 2019 The sterling would surge by at least four per cent if parliament approves Prime Minister Theresa May’s Brexit proposals in a planned vote next week, JP Morgan said. The bank’s asset management wing also warned about the potential impact of extending Article 50, something the government has ruled out. Karen Ward, the fund manager’s EMEA [...]
Will this be a year for investors to fear? January 9, 2019 A new year always offers the chance of a reset, of evolved thoughts, ideas and insights. Even though many will be pleased to see the back of 2018, numerous investors are beginning this year with new concerns: an oncoming recession. This fear seems suddenly rampant among many of my colleagues in the industry. But these fears [...]
John Bercow blasted by Tory Brexiters as Theresa May suffers another defeat January 9, 2019 Theresa May suffered yet another defeat over Brexit on Wednesday after a furious row erupted between Tory MPs and Commons Speaker John Bercow. Bercow was accused of not being impartial after accepting an amendment which would force the government to publish its Brexit ‘plan B’ within three days of a defeat on its deal, not [...]
DUP slams government’s wooing attempts in advance of Brexit deal vote January 9, 2019 A spokesman for the Democratic Unionist Party (DUP) has slammed government proposals intended to get the support of the Northern Irish party for the Brexit deal as “fairly meaningless”. Minister for the Cabinet Office David Lidington, a key ally of Prime Minister Theresa May, had announced a series of pledges to try and sell the [...]
Poll: Three-quarters of MPs think Theresa May made a bad job of Brexit negotiations January 9, 2019 Nearly three-quarters of MPs feel that Theresa May has done a bad job of handling Brexit negotiations, according to a new poll. The annual poll of MPs – conducted by Ipsos Mori on behalf of The UK in a Changing Europe think tank and the Mile End Institute at the Queen Mary University of London [...]
Government analysis ‘sheds no more light’ on Brexit, says Treasury committee January 9, 2019 Treasury Select Committee chair Nicky Morgan has castigated the government over its Brexit outcome analyses, claiming it has shown the “most optimistic” model without addressing other factors including the short-term impact of leaving the EU. Morgan, who was among the rebel Tories that pushed the government into a historic defeat over no-deal powers yesterday, said [...]
Government dismisses hopes of a new Brexit deal as ‘fantasy’ January 9, 2019 The government dismissed MPs hopes an alternative Brexit deal as “magical” delusions this morning ahead of parliament’s crucial vote on the Prime Minister’s withdrawal agreement. Cabinet Office minister David Lidington told BBC Radio 4’s Today programme that there is no hope of negotiating a fresh deal with the EU if MPs vote down Theresa May’s [...]
London raked £1.8bn in tech funding last year, almost double its next closest rival January 9, 2019 London has retained its spot at the top of the tech charts for another year, securing almost double the amount of investment in 2018 than its next closest European competitor. Tech firms in the capital raised £1.8bn in venture funding and public listings in 2018, raking in 72 per cent of the UK’s £2.5bn total [...]
Salary inflation hits 53-month high in London as shortage of EU candidates bites January 9, 2019 Salary inflation is at a 53 month high in London because of a shortage of EU candidates due to Brexit and an uncertain economic background leading to reluctance among workers to switch jobs. According to a survey published today by audit firm KPMG and the Recruitment & Employment Confederation (REC) and compiled by IHS Markit, [...]