Former London Stock Exchange chief Xavier Rolet close to City return with hedge fund CQS November 17, 2018 Former London Stock Exchange (LSE) chief executive Xavier Rolet is in advanced talks to become a co-chief executive at leading hedge fund manager CQS. The Frenchman left his job at the LSE Group in contentious circumstances last year, after being asked to step down by the board a year earlier than planned in a bid to end [...]
FTSE 100 roundup: Today’s winners and losers November 16, 2018 The FTSE 100 lost ground today, down 5.31 points at 7,032.70 just before markets closed after a turbulent start to the day when it lost as much as 0.8 per cent. All week markets have been reacting to the political fallout from Brexit as the FTSE 100 wiped out gains made late last week. Top 5 FTSE [...]
Stephen Barclay replaces Raab as Brexit secretary, as Amber Rudd returns to government as work and pensions secretary November 16, 2018 Stephen Barclay has been confirmed as the new Brexit secretary, while former Home secretary Amber Rudd has been appointed as the Work and Pensions secretary. Barclay, the MP for North East Cambridgeshire, was previously a minister at the Department for Health and Social Care. He takes over from Dominic Raab, who quit his role yesterday [...]
RBS and Nordea dropped from the list of the world’s most important banks November 16, 2018 The Royal Bank of Scotland (RBS) and Nordic bank Nordea have been removed from a list of the world's most important banks by the Financial Stability Board (FSB). The FSB's list is a compilation of all banks required to hold extra capital equivalent to at least one per cent of its risk-weight assets, due to their size and impact [...]
Supreme Court asked to hear government’s appeal against a legal challenge to Brexit process November 16, 2018 The Supreme Court has been asked to consider whether anti-Brexit campaigners can take their case to the European Court of Justice. A group of Scottish politicians, led by Green Party MSP Andy Wightman, want the European court to decide whether Britain can reverse its exit from the European Union without EU approval. In March last year [...]
Gove and Fox to remain in May’s cabinet to work on Brexit’s future November 16, 2018 Michael Gove and Liam Fox have said they will continue serving in Theresa May’s cabinet, after stating they had confidence in the Prime Minister and the future of Brexit. Environment secretary Gove had been widely tipped as the Prime Minister’s next major resignation after eight ministers, MPs and officials quit over Downing Street’s draft Brexit agreement yesterday. He [...]
Sterling and stocks steady after plunging in the wake of Theresa May’s Brexit deal November 16, 2018 Sterling held steady during Friday's early trading after a day of turmoil on Thursday, which saw several ministerial resignations in the wake of Theresa May's draft Brexit deal. The pound rose by 0.3 per cent to above the $1.28 mark, having plummeted by its biggest margin for two years, yesterday. The FTSE 100 and FTSE 250 [...]
British builder Kier Group confident of meeting full-year expectations with results weighted towards second-half of financial year November 16, 2018 Kier Group has announced that it is confident of meeting its full-year expectations ahead of its AGM today, with the full-year results being weighted towards the second half of the financial year. The FTSE 250 listed company have said it will continue to focus on operational cash generation and reducing net debt as part of their Future Proofing Kier (FPK) [...]
Theresa May admits she harbours ‘concerns’ over Brexit deal’s Irish backstop agreement November 16, 2018 Theresa May admitted she has concerns over her Brexit deal’s strategy to avoid a hard border in Ireland as she resisted calls to step down as Prime Minister on LBC today. A string of MPs have resigned so far over her Brexit withdrawal agreement, which puts the UK in a temporary customs union with the [...]
Let there be light – entrepreneurs are making the world a brighter place November 16, 2018 I can only assume that Netflix is bidding for rights to Brexit: The Saga. You might as well download the past 48 hours’ worth of news coverage, upload to the streaming site, and advertise it as how Breaking Bad would have unfolded if set in Westminster instead of New Mexico. The news is pure entertainment. [...]