Boris Johnson ‘not aiming’ for no-deal Brexit but warns against further delay June 12, 2019 Boris Johnson said he was not aiming for a no-deal Brexit but that it was responsible to prepare for such an outcome, as he launched his bid to become Prime Minister. The former London mayor made his pitch to Tory MPs and party members this morning as he kicked off his campaign to replace Theresa [...]
Boris Johnson warns further Brexit delay will spell Tory general election defeat June 12, 2019 Boris Johnson will officially launch his Tory leadership campaign today as one poll suggests he would comfortably win a general election as Prime Minister. Johnson, seen as the frontrunner among MP’s, Tory party members and bookmakers, will tell supporters the UK must leave the European Union on 31 October and that further delays would spell [...]
Lidl unveils £500m London expansion plan for 40 new stores June 12, 2019 Lidl has unveiled a £500m expansion plan to create 40 new stores in the capital, including its first central London store. The German discount supermarket said the openings would create 1,500 new jobs over the next five years. Read more: Big Four supermarkets stall amid fast rise of Lidl and Aldi A proposed Tottenham Court [...]
Mortgage lending grows in solid start to the year June 11, 2019 The UK mortgage market enjoyed a solid start to the year as residential lending and new mortgage commitments both rose. The outstanding value of all residential mortgage loans rose to £1.45bn in the first quarter, a 3.4 per cent rise on a year earlier. Read more: Mortgage approvals rebound after delay on Brexit deadline The [...]
West End landlord Shaftesbury sued by tycoon shareholder Samuel Tak Lee June 11, 2019 Hong Kong billionaire Samuel Tak Lee has launched legal proceedings against one of London’s largest landlords over a capital raise. West End property group Shaftesbury announced that Lee, its largest shareholder, was suing the company over a share placing in December 2017 and was seeking £10.4m in damages. Read more: West End landlord Shaftesbury braced [...]
Bellway posts strong spring sales hours after devastating Barking fire June 11, 2019 Housebuilder Bellway has posted strong sales growth and said it was on track for an earnings boost just hours after a fire devastated one of its developments. The FTSE 250 firm reported a 4.7 per cent jump in reservations over the period from 1 February to 2 June – to 244 per week. Read more: [...]
Theresa May officially resigns as Tory leadership contest begins June 7, 2019 Theresa May has officially resigned as leader of the Conservative party paving the way for the leadership contest to begin on Monday. May will remain ‘acting leader’ of the party and Prime Minister until her successor is elected on 22 July. Read more: Theresa May resigns – what happens next? The Tory backbench 1922 committee [...]
Dollar falls as US economy adds just 75,000 jobs in May and wage growth slows June 7, 2019 The US economy created a lower-than-expected 75,000 jobs last month and wage growth eased as Donald Trump’s trade war with China continued to bite. Job creation slowed sharply in May from the 224,000 new jobs recorded the previous month, falling far below estimates of 175,000. Read more: European stock markets bleed red as Trump takes [...]
Nigel Farage delivers letter to PM demanding Brexit party role in EU talks June 7, 2019 Nigel Farage has delivered his Brexit demands to the Prime Minister calling on his party to be given a seat at the EU negotiating table. On Theresa May’s final day as Conservative party leader, a beaming Farage arrived at 10 Downing Street to hand the outgoing Prime Minister a letter. Read more: Donald Trump tells [...]
British public’s inflation expectations hit 10-year high June 7, 2019 The British public’s expectations for inflation over the next five years has risen to the highest level in more than a decade. The Bank of England’s quarterly survey showed that the public’s average inflation expectations in five years has risen to 3.8 per cent, compared to 3.4 per cent in February. But short-term expectations over [...]
