Boss of property website Zoopla revealed to be behind Brexit legal action bid July 4, 2016 Alex Chesterman, chief executive of online property group Zoopla, has been revealed as one of the names behind a legal challenge to Brexit. London law firm Mishcon de Reya announced over the weekend that it was putting together a team who could mount a legal challenge if the government kicked off the Article 50 process – [...]
Three ex-Barclays bankers found guilty of Libor-rigging July 4, 2016 Three more former bankers have been slapped with guilty verdicts for their roles in Libor manipulation, taking the total number of UK convictions to five. Former traders Jay Merchant, 45, and Alex Pabon, 38, and ex-Libor submitter Jonathan Mathew, 35, all stood trial charged with conspiracy to defraud. The prosecution said that the trio of [...]
Kier Group boss says Brexit has not hit business but has created uncertainty July 4, 2016 Construction and property firm Kier Group today said trading is continuing in line with expectations – and the UK's vote to leave the EU has not had any adverse effect on business to day. Shares in the group were up by 1.52 per cent in early trading, to 1066p. The company said that, while the [...]
These are the things that are likely to happen before Brexit July 1, 2016 There has been much speculation over when the formal Brexit process will start, with no clear deadline set. Now bookmaker Betway has issued a list of things that are likely to take place before Article 50 is triggered, which will kick off the UK's official withdrawal from the EU. The betting firm has odds of 1/14 [...]
Easyjet confirms it has kicked off process to gain certification elsewhere in Europe after Brexit vote July 1, 2016 Budget airline Easyjet has confirmed that has kicked off the process to gain an air operator certificate (AOC) elsewhere in Europe, following the UK's vote to leave the EU. The company was responding to reports that it was in talks about moving its headquarters away from the UK. "As part of Easyjet’s contingency planning before the [...]
Trinity Mirror reports revenue decline as it vows to take action to protect against Brexit uncertainty July 1, 2016 Publishing group Trinity Mirror today reported falling revenues across most of its divisions, as it vowed to take action to deal with uncertainty following the UK's vote last week to leave the European Union. The company's share price jumped by 7.43 per cent in early trading, as the group issued a trading update showing struggling [...]
Premier Oil expects to reach debt agreement this quarter July 1, 2016 Premier Oil announced this morning that it has reached an agreement to allow more time for the company to discuss new debt arrangements with its lenders. The FTSE 250 oil group has been forced to renegotiate its financial covenants due to the prolonged oil price rout – earlier this year the group signed up Rothschild [...]
Boris Johnson pulls out of Conservative leadership race – leaving Theresa May odds-on to become next Tory leader June 30, 2016 Boris Johnson has announced he will not seek the Tory leadership, after weeks of speculation that the former London mayor was hoping to become the next Prime Minister. "Having consulted colleagues and in view of the circumstances in parliament I have concluded that [the next Conservative leader] cannot be me," he said in a speech at [...]
Singapore bank UOB suspends London property loans following Brexit vote June 30, 2016 Singaporean bank UOB has become the city state's first lender to suspend loans for London properties citing uncertainty caused by the result of last week's EU referendum. "We will temporarily stop receiving foreign property loan applications for London properties," a UOB spokeswoman said in an email. "As the aftermath of the UK referendum is still [...]
Nigel Farage says Britain could continue to contribute to EU budget – but will not compromise on freedom of movement June 30, 2016 Ukip leader Nigel Farage has said Britain will make compromises in order to access the Single Market but will not back down on immigration. Farage made the remarks in an interview with French newspaper Le Figaro following the last week's vote to leave the European Union. He said the UK could continue to contribute to the EU budget [...]
