Before the bell: Quiet start for Europe as all eyes are on US data November 25, 2020 It was another bullish day for global stock markets yesterday as sentiment was lifted by the vaccine hopes as well as the prospect of President Trump departing from his role in January in a calm and measured manner. The update on Monday from AstraZeneca-Oxford University that its potential Covid-19 vaccine has made great progress in [...]
Exclusive: Cautious investors reluctant to launch funds in polarised market, says Savills CEO November 25, 2020 Institutional investors are increasingly reluctant to pour capital into property funds, as the pandemic has turned the sector’s investment cycle upside down, according to Savills group CEO Mark Ridley. Speaking exclusively to City A.M., Ridley said during a wide-ranging interview that October alone saw the third highest level of monthly redemptions ever experienced by open-ended UK real [...]
Energy firms call on government to embrace emissions trading after Brexit transition ends November 24, 2020 Leading energy companies have urged the UK to embrace carbon trading after the Brexit transition period concludes and not adopt a carbon tax instead. In a letter to Boris Johnson, the group, which includes firms such as RWE and Uniper, said that tradable carbon credits remain the best way of cutting emissions. At the moment, [...]
Sign Brexit deal to ‘give us our future’, pleads car industry November 24, 2020 The car industry has pleaded with the government to sign a post-Brexit free trade agreement by Christmas, saying that the failure to do so could cost the sector £55bn by 2025. Speaking at a Society for Motor Manufacturers and Traders (SMMT) summit, chief executive Mike Hawes said that a new partnership with the EU “could [...]
Goldman Sachs plans EU trading venue in Paris as Brexit nerves grow November 24, 2020 Banking giant Goldman Sachs is set to launch a European stock-trading destination in Paris in an effort to make sure transactions in EU equities can continue smoothly even if there is no post-Brexit agreement.
Sterling hits 10-week high on vaccine and Brexit deal optimism November 23, 2020 Sterling rallied to a two and a half month high today, as more positive news about a potential Covid-19 vaccine propelled investors to buy riskier currencies and offset concerns about whether Britain and the EU can clinch a Brexit trade deal. Tonight the pound is up 0.3 per cent to $1.332, while against the euro [...]
Labour’s Anneliese Dodds says Brexit deal looks ‘thin as gruel’ November 23, 2020 Shadow chancellor Anneliese Dodds has said any Brexit trade deal looks like it will be "thin as gruel" as negotiations start again online today.
UK signs rollover trade deal with Canada ahead of post-Brexit talks November 21, 2020 Britain today secured a continuity trade deal with Canada, ensuring the two countries’ £20bn trading relationship will be maintained after Brexit. The government said it has secured an “agreement in principle” to roll over current EU-Canada trading arrangements when the transition period ends on 31 December. This will pave the way for negotiations on a [...]
Sterling edges higher on renewed Brexit deal hopes November 20, 2020 Sterling edged higher against the euro and the dollar after an European Union official said the bloc and Britain are very close to agreement on most issues, even if they are still at odds over three main points. After being flat in earlier trade, the pound gained 0.2% versus to stand at 89.31 pence per [...]
MPs launch inquiry with eye to bolstering City after Brexit November 20, 2020 MPs have launched a major new inquiry aimed at strengthening the role of the City of London as a global financial hub after Britain leaves the EU’s trading arrangements in January. The Treasury Committee of MPs said it will dig into how financial services regulations should be set and scrutinised by lawmakers, and how regulators [...]