Ryanair investor Royal London to oppose re-election of airline’s chair at AGM September 19, 2018 Royal London Asset Management (RLAM) is the latest Ryanair investor to pledge to vote against the re-election of the airline's long-serving chairman David Bonderman at its AGM tomorrow. Royal London said it was concerned with Ryanair’s corporate governance and "poor stakeholder management". "We have had long-standing issues with the independence of Ryanair’s board and with the extent [...]
Donald Tusk calls for special Brexit summit in November September 19, 2018 EU member states could gather in mid-November to finalise a Brexit deal with the UK. European Council president Donald Tusk will propose an additional summit then to ensure an agreement is reached and that the UK and EU avoid a no deal scenario, saying today that there is “less and less time” to conclude negotiations. [...]
Investors think UK will remain attractive as an investment destination post-Brexit September 19, 2018 Investors think the UK will remain as attractive as an investment destination post-Brexit as it was before the referendum on EU membership. Eighty eight per cent of respondents to a survey of business executives said the UK remains at least as attractive as it was in spring 2016, while 32 per cent say it is [...]
Retail giants to be hit by £190m business rate bill as industry fears ‘tipping point’ September 19, 2018 UK retailers are set to face a fresh tax bill worth hundreds of millions of pounds if today’s inflationary figures remain similar next month, with embattled high street businesses fearing another hefty levy could push the sector to its limits. The British Retail Consortium (BRC) predicts that the retail sector will be slapped with a £190m [...]
David Davis: Brexit negotiations to be ‘reset’ in November September 19, 2018 Brexit negotiations could be “reset” in November as the UK and EU struggle to strike a deal they both find acceptable, according to former Brexit secretary David Davis. The EU’s stance towards the UK will soften in the coming months as both sides try to bridge the gap in negotiations to avoid a no deal scenario, [...]
Ditch talk of a ‘no-deal’ Brexit to spare motor industry £5bn tariffs, pleads trade body September 19, 2018 The car industry body has urged Theresa May to ditch talk of a "no-deal" Brexit, saying it would lead to £5bn tariffs for a sector that is already in trouble. The Society of Motor Manufacturers and Traders (SMMT) said a no-deal Brexit – in which the UK would crash out of the EU on terms set [...]
Britain and the US can show the world what a free trade deal should like September 19, 2018 Now might seem an odd time to be considering new free trade deals with the US, when President Donald Trump has just escalated his trade war with China by imposing new tariffs on $200bn worth of goods. The UK, meanwhile, is still focused on resolving the uncertainty surrounding its future trading relationship with the EU. [...]
Ignore Michael Gove – there’ll be no chance to edit Chequers once the ink is dry September 19, 2018 Theresa May’s ambush of her own cabinet in July by presenting the fait accompli of the proposed Chequers deal, which the EU remains unconvinced about and which will be the subject of discussion among EU leaders in Salzburg tomorrow, was for me the low point of the Brexit negotiations. That was until last Sunday, when [...]
The Bank of England’s own data negates Carney’s overhyped house price warning September 19, 2018 No one can tell them quite like Mark Carney, the governor of the Bank of England. He appears to have briefed the cabinet last week that house prices could fall by 35 per cent in the event of a no-deal Brexit. To be fair, the Bank did try to qualify this figure by saying that [...]
EU working to improve Irish border backstop proposal, Barnier says September 18, 2018 The European Union has softened its approach to the Irish border backstop "insurance policy" arrangement, EU chief negotiator Michel Barnier said this evening, in a push to effectively complete the Brexit deal within the next month. Speaking in Brussels ahead of a summit of EU leaders in Salzburg tomorrow and Thursday, Barnier confirmed that work was ongoing to improve the offer to Britain and said [...]