Seven ways to make sure your business gets through Brexit June 28, 2016 As the Brexit analysis continues, business leaders across the country will be wonder how quickly things will get back to normal. Some may even be wondering if they ever will. Here’s a seven-point guide to help businesses get through Brexit unscathed: Read more: Brexit: Load the fiscal bazookas to put a floor under business confidence 1. [...]
What doesn’t kill you makes you stronger? Housebuilder shares stage partial recovery June 28, 2016 Housebuilders showed that any reaction is a good reaction this morning, after almost all their share prices staged partial recoveries following yesterday's carnage. FTSE 100-listed Barratt, Berkeley Group, Taylor Wimpey and Persimmon all triggered the London Stock Exchange's circuit breaker yesterday, meaning their shares were suspended from trading for five minutes after they fell more than [...]
Amazon who? Ocado shares jump as it delivers 14 per cent sales rise June 28, 2016 Everyone and their mum may be trying to get into the food delivery business at the moment (Amazon and Uber have both just launched offerings…) – but Ocado has suggested with experience comes wisdom, after it posted a juicy rise in sales. The figures Retail sales rose 13.9 per cent to £582.9m in the 24 weeks to the end of May, [...]
Shares in housebuilder Redrow rise again as it reassures shareholders over Brexit vote June 28, 2016 Housebuilder Redrow has been one of the biggest casualties of post-Brexit market turmoil, with shares falling 30 per cent between Thursday's close and last night. But it seems investors just needed a little bit of reassurance: this morning shares bounced 9.5 per cent to 322.6p after it put out a statement pointing out everything's going [...]
Legal & General share price leaps as it appoints new chairman and tells investors: “We’re fine with Brexit” June 28, 2016 Pensions giant Legal & General moved this morning to reassure its shareholders that Brexit is going to be a breeze – as it appointed former government asset management boss Sir John Kingman as its new chairman. In a statement this morning L&G, whose shares fell 13 per cent between the market close on Thursday and [...]
Brexit fallout: McLaren’s chief executive has urged the government to find a way to create stability, fast June 27, 2016 The boss of one of the world's elite supercar manufacturers might be expected to prize speed above anything. So it's hardly surprising that McLaren chief executive Mike Flewitt has urged the government to find a way to create stability as fast as possible after Thursday's vote in favour of Brexit. Speaking to City A.M. at the Goodwood [...]
Demolition derby: Housebuilders trigger circuit breaker as their shares head for a second day of falls June 27, 2016 Shares in all the FTSE 100-listed housebuilders were suspended from trading for five minutes this morning as housebuilders fell for the second consecutive trading day. Taylor Wimpey was the first to trigger the London Stock Exchange's so-called circuit breaker by falling more than eight per cent on its opening price, causing it to be suspended for five minutes, as investors showed their nerves over [...]
Aston Martin sales rise as it reiterates plans to push ahead with a new plant in Wales June 27, 2016 The sky may be falling for many, but luxury car maker Aston Martin is doing a-ok, it said today: in fact, revenues rose almost nine per cent in 2015. The company, which last year produced a special limited-edition supercar just for James Bond's latest outing, Spectre, said full-year revenues rose to £510.2m in 2015. Meanwhile, adjusted [...]
EasyJet share price is being hammered after it warned Brexit could hit it hard June 27, 2016 Shares in airline EasyJet fell as the market opened, after it warned the outcome of the EU Referendum is likely to hit it where it hurts – on top of French air traffic control strikes and the Egyptair tragedy. The airline's share were down 7.4 per cent to 1,217.4p in early trading, after it said in [...]
London house prices: First of many? Foxtons issues profit warning after Brexit vote June 27, 2016 Shares in struggling estate agent Foxtons plummeted as the market opened after it became one of the first property giants to issue a profit warning off the back of the UK's Brexit vote. Shares fell more than 16 per cent to 112.94p after the company put out a statement this morning saying challenging conditions it had previously referred to [...]
