Donald Trump has said Brexit is a “great thing” during a visit to his revamped golf resort in Scotland June 24, 2016 The Republican presidential hopeful Donald Trump lauded the UK's decision to leave the European Union as a "great thing" in a visit to Scotland today and said the people of Britain had "taken back their country". His comments came after he touched down in Ayrshire this morning to attend the opening of his revamped, £200m Turnberry Golf Resort. [...]
Online gambling operators could struggle in post-Brexit Gibraltar warns Better Collective June 24, 2016 Gambling companies with online operations based in Gibraltar could struggle in the wake of yesterday's vote to leave the European Union, an affiliated industry group has warned. The Gibraltar issue has the ability to affect the betting industry more than the shock Brexit result and the plummeting British pound, Better Collective said. Companies such as [...]
Tobacco companies British American Tobacco and Imperial Brands are in the minority as stock market risers today June 24, 2016 After a morning of steep losses across London stocks in reaction to today's Brexit vote, there's one industry that's proving to be resilient in the face of market turmoil. While sectors such as banking have suffered today, two of the big four tobacco companies, Imperial Brands and British American Tobacco (BAT), are some of the only [...]
Brexit could deter international startups from getting settled in the UK June 24, 2016 International startups may now be deterred from incorporating and expanding into the UK market, as fears about trading uncertainty and regulations in post-Brexit Britain take hold. A spokesperson for food-tech startup ChefXChange told City A.M.: "We were in the process of incorporating into the UK due to it having a large tech hub, as the UK [...]
Bookmakers Ladbrokes, Betway and William Hill are reporting mixed results on referendum bets after Brexit vote June 24, 2016 UK bookmakers are reporting mixed results from yesterday's EU referendum, while industry insiders have estimated the surprise Brexit vote will have cost betting companies more than £5m. Online gambling group Betway said it had been left in a "political betting bloodbath" following the Leave result. Just after polls closed last night Betway was taking Brexit bets at [...]
David Cameron’s resignation: Reactions from politicians, analysts and business lobbies in the wake of Brexit vote June 24, 2016 Following yesterday's 51.9 per cent vote in favour of Brexit, Conservative Prime Minister David Cameron has announced he will resign. Cameron said he will stay in office for a short spell, but has set a timeline for a new Prime Minister to be in place in October by the time of the Conservative Party conference. [custom [...]
Brexit vote slashes the share prices of bookmakers following London market open June 24, 2016 Bookmakers' shares have dropped in London this morning, following today's 51.9 per cent vote in favour of leaving the EU. Major bookies Ladbrokes and William Hill had more than 10 per cent wiped off their share prices within the first hour of trading. Ladbrokes shares had fallen by 11.8 per cent by 8.40am (GMT) to [...]
Ladbrokes says betting markets will face “tough questions” on why they got Brexit wrong June 24, 2016 Ladbrokes said it would have to face some "tough questions today" as to why the betting markets got the EU referendum result so wrong. Throughout yesterday Ladbrokes' odds, as well as those of fellow bookmakers William Hill and exchange platform Betfair, put the Remain camp in a firm lead. By late afternoon, Ladbrokes was posting odds of 1/6 in [...]
This is what you need to know about the upcoming bitcoin halvening June 23, 2016 Bitcoin has several unique properties over traditional currencies that, depending on your economic belief system, are either advantages or disadvantages. Within the next month, we will see one of those unique properties in action: Bitcoin's deflationary nature, embodied in the event known as either the halving or halvening. In order to understand the halving and what it [...]
British Medical Association supports ban on e-cigarette use in public places June 23, 2016 A leading medical body has recommended placing a ban on using e-cigarettes in public places, contrary to public health officials. At the annual meeting of the British Medical Association (BMA), the chair of the Public Health Medicine Committee Dr Iain Kennedy called for a ban on vaping and warned members about the lack of long-term evidence on [...]
