Clifford Chance launches Brexit ‘hotline’ for confused clients December 18, 2020 Clifford Chance has launched a Brexit ‘hotline’ to help clients with last minute Brexit preparations in the face of continued uncertainty. The hotline will operate from today until 4 January, and will help to answer client’s Brexit questions on the likes of contracts, supply chains, treasury, passporting, HR and international property. With less than two [...]
Hammerson seeks secondary Irish listing amid Brexit worries December 18, 2020 European shopping centre owner, Hammerson has sought admission to Dublin's stock exchange to maintain access to the European market.
Pound falls back from recent high amid Brexit doubts December 18, 2020 The pound has fallen back from a more than two-year high after post-Brexit trade talks between the UK and EU ran into trouble at a crucial juncture. Negotiations are now in a “serious situation,” according to a Downing Street spokesperson last night. They urged the EU to change its position “substantially”. In a separate call [...]
Michel Barnier: ‘Just a few hours left’ to seal Brexit deal December 18, 2020 Michel Barnier has said there are “just a few hours” left to seal a deal with the UK, as he issued a stark warning to the European Parliament about Brexit talks. The EU’s chief negotiator said the possibility of a deal “is here”, but the path to secure it “is very narrow”. “It’s the moment of [...]
Sole rights: Michael Gove pushes for UK sovereignty over fishing waters in Brexit talks December 17, 2020 The UK is not prepared to sign a trade deal with the EU unless British fishermen have “sole rights” to fishing waters around the isle, Michael Gove has confirmed. Speaking at a meeting on the future relationship with the EU, Gove said it is the UK’s “intention” that British fishermen will have exclusive access to [...]
New: European Parliament paves way for emergency Brexit session December 17, 2020 The European Parliament ‘stands ready’ to convene an emergency session before the end of the year if the United Kingdom and the European Union can strike a deal by midnight Sunday. In a statement, bosses said if a deal was struck by “midnight on Sunday 21December” and though this is not in fact the date [...]
Mid-market firms optimistic about Brexit impact despite talks dragging December 17, 2020 Despite the increasing possibility of a no-deal Brexit, 38 per cent of UK mid-market business predict that Brexit would have a positive impact on their business.
Breaking: Macron tests positive for coronavirus December 17, 2020 French President Emmanuel Macron has tested positive for coronavirus, throwing a potential spanner in hopes of clinching a last-minute Brexit deal. The Elysee palace this morning announced Macron had tested positive after showing early symptoms. The French premier will now self-isolate for seven days, though he will continue to carry out his duties remotely. Spanish [...]
Pound hits 31-month high on Brexit hopes and dollar weakness December 17, 2020 The pound has shot up to its highest level since early 2018, with investors hoping the UK will soon sign a post-Brexit trade deal and the dollar falling sharply. Sterling was last up 0.6 per cent at $1.358, a 31-month high. It was 0.3 per cent higher against the euro at €1.111. The British government [...]
Watches of Switzerland repays furlough cash as it clocks surge in sales during pandemic December 17, 2020 Watches of Switzerland has raised its full-year guidance and announced it will repay furlough cash, after clocking a major boost in profits and sales during the pandemic. Operating profit at the luxury watchmaker beat expectations over the six months to 25 October, hiking 52 per cent year on year to £45.6m. Adjusted earnings before tax [...]