Sadiq Khan launches online Brexit resource for businesses October 17, 2018 Mayor of London Sadiq Khan has launched a website aimed at helping companies prepare for potential challenges presented by Brexit. The Brexit Business Resource Hub contains Brexit-related news, links to industry reports and a calendar containing information on related events happening in London. Read more: James Dyson: No-deal Brexit 'will not change anything' The website [...]
Donald Tusk: No grounds for optimism on Brexit deal October 16, 2018 There are no grounds for optimism that a Brexit deal can be struck this week, European Council president Donald Tusk has warned just a day before a crunch summit. Speaking on the eve of EU leaders gathering in Brussels, Tusk called on Theresa May to put forward “concrete proposals” on how to break the deadlock [...]
Celebrities like Kanye West and Taylor Swift need to learn that we really don’t care what they think October 16, 2018 Taylor Swift, look what you made me do. Swifty has been a hallowed island of political neutrality in a sea of bad blood. But she’s now come out as a mid-term Democrat, and the love story is over. Maybe one day historians will look back and admire how Bob Geldof’s support for a People’s Vote [...]
Barratt chair threatened with investor rebellion after shareholders advised to vote against re-election October 16, 2018 Housebuilding giant Barratt Developments could suffer a revolt at its annual general meeting tomorrow, after an influential shareholder advisory group recommended investors vote against the re-election of chairman John Allan. PIRC has said that Allan, who is also chair of Tesco, “cannot effectively represent two corporate cultures…the possibility of having to commit additional time to [...]
James Dyson: No-deal Brexit ‘will not change anything’ October 16, 2018 British inventor James Dyson has said that a no-deal Brexit “will not change anything”, lashing out at car industry giants who have recently raised concerns over job losses if a deal with the EU is not reached. The vacuum magnate and Brexit advocate told Parisian financial newspaper Les Echos: “Taxes or delays at the customs, [...]
Why a Canada-style Brexit deal is unlikely October 16, 2018 Brexit is now less than six months away. Yet somehow, a deal feels further away than it did just a few weeks ago. The stakes are fairly high. Models estimate that GDP will shrink by much as eight per cent. Some of the damage has already been done via the corrosive effects of uncertainty and anticipation of a [...]
Theresa May tells Cabinet to ‘stand together’ over her Brexit plan October 16, 2018 Theresa May told her Cabinet to “stand together” in order to get a Brexit deal with the EU today during an extended meeting of her top team. Ministers debated the PM’s negotiating stance for two and a half hours on Tuesday morning, just a day before May will once again try to sell her plans [...]
FTSE housebuilder Bellway cements position with rising profits but caution lingers October 16, 2018 Housebuilder Bellway sent mixed messages to the City this morning, as a rise in profit coincided with a cautious warning over Brexit. Pre-tax profits climbed 14 per cent to £641m over the last 12 months, as robust annual sales pushed the firm above the 10,000 homes mark for the first time. Revenues also jumped 15.6 [...]
Theresa May’s new merger powers would be a hostile takeover by the state October 16, 2018 Back in July 2016, Theresa May launched her campaign for leadership of the Conservative party by promising radical action on foreign takeovers of British businesses. In the wake of Kraft’s takeover of Cadbury and Pfizer’s failed bid for AstraZeneca, May promised to defend workers and local communities from transient shareholders who, she said, were more [...]
Ignore the chancellor, we don’t need Chequers to end austerity October 16, 2018 I generally presume cynicism in politicians’ arguments. But Philip Hammond implying a Chequers-style relationship with the EU is needed to “end austerity” was shocking in its brazenness. Ahead of the October Budget, the chancellor has echoed Theresa May in suggesting that looser government spending is just around the corner. Their calculation seems to be that [...]