European Central Bank (ECB) chief Mario Draghi says Eurozone recovery ‘dampened’ by Brexit uncertainty September 8, 2016 Mario Draghi, chief of the European Central Bank (ECB), said today that the economic recovery in the Eurozone is likely to be dampened – partly because of the UK's Brexit vote. Euro area GDP was up by 0.3 per cent quarter-on-quarter in the second quarter and incoming data points to ongoing growth in the third [...]
ECB leaves rates unchanged and confirms it will run QE until March 2017 September 8, 2016 The European Central Bank (ECB) has left rates unchanged once again at today's meeting of the general council. The euro rallied on the news, rising 0.69 per cent against the pound to £0.84825, and up 0.44 per cent against the dollar, to $1.1288. The interest rates on the marginal lending facility and the deposit facility [...]
Easyjet boss says Brexit vote had impact on demand September 8, 2016 The boss of budget airline Easyjet said today that Britain's vote to leave the EU in June had a short-term impact on UK consumer demand for holidays after sterling fell against the euro – but appetite for holidays had since normalised. "We took a consumer hit because people think 'oh my God Europe's more expensive', that normalises," Carolyn [...]
UK sets up new trade group with India to prepare for future deal following Brexit September 8, 2016 Britain has set up a new working group with India to help prepare for possible trade deals after Brexit has completed. The UK can't agree trade deals with other countries until it has formally exited the EU, a process that could take years. However, the government has said that won't stop it from preparing for the [...]
Tottenham Court Road station has reopened after being evacuated and closed due to person hit by train September 8, 2016 Tottenham Court Road station has reopened after being evacuated and closed earlier following a passenger incident. A person was hit by a Central Line train at the station, which was evacuated following the incident. https://twitter.com/centralline/status/773806720489586688 Service has now resumed on the line, but there are severe delays. https://twitter.com/centralline/status/773805864687902720 One Twitter user uploaded a [...]
Dixons Carphone grows revenue and continues to win market share as it brushes off Brexit September 8, 2016 Mobile phone retailer Dixons Carphone is continuing to gain market share and grow revenues – and it's not feeling any ill effects from the recent Brexit vote, the company said today. And investors were also feeling positive about the company, with shares up 3.5 per cent in early trading this morning. In a trading update on [...]
Sports Direct investors vote against chair Keith Hellawell’s re-election as he vows to leave next year if he fails to win over shareholders September 7, 2016 Investors in troubled British retailer Sports Direct today voted against the re-election of chairman Keith Hellawell as chairman of the board – but he's not in any rush to leave. Hellawell said he will step down next year if he does not receive the backing of independent shareholders at the 2017 annual general meeting (AGM), after 53 [...]
Activists protesting benefits cuts have blocked Westminster Bridge in central London September 7, 2016 Activists from Disabled People Against Cuts (DPAC) have blocked Westminster Bridge this afternoon. People are standing and sitting on Westminster Bridge Road, blocking traffic, as they protest against cuts to benefits. The Metropolitan Police said they are aware of the demonstration and officers are on the scene. #CutsKill disabled activists sit in road refusing move from [...]
Sports Direct share price drops as it faces investor rebellion at AGM in Shirebrook September 7, 2016 Sports Direct investors are making their dissatisfaction with the retailer known, with major shareholders rebelling despite the company's promises to reform. And the company's share price reflected this ire, with the stock closing down by 8.5 per cent, having dipped by as much as 10 per cent earlier in the day. [stockChart code="SPD" date="2016-09-07 16:34"] [...]
Apple iPhone 7 launch: Betway says new handset is odds-on to sell less than previous iPhone6 September 7, 2016 Online gambling group Betway is betting that Apple's newest release, the iPhone 7, will not prove as popular as previous versions when it hits shelves tomorrow. Apple is hoping to put to bed the idea that it has passed its peak with the release of its latest smartphone, which will boast a number of improved features, such as a [...]
