You haven’t got mail: Yahoo Mail down around the world September 5, 2019 Yahoo’s email servers have suffered a fault that has blocked users around the world from using the service, with many complaining they cannot work. The problem has also hit the email services of UK companies Sky, BT, and Talktalk, which piggyback off Yahoo’s network. Read more: Natwest and RBS website outages hit online banking customers [...]
Woodford Trust and Metro Bank kicked from FTSE 250 list September 4, 2019 Neil Woodford’s investment trust and high street lender Metro Bank have been booted out of the FTSE 250 list of the 101st to the 350th largest listed companies in Britain. Read more: Ally quits Neil Woodford’s trust Also kicked from the list were retailer Ted Baker and shopping centre owner Intu Holdings, whose market capitalisations [...]
Sajid Javid’s spending plans raise eyebrows at think tanks and business bodies September 4, 2019 Chancellor Sajid Javid today announced he would “turn the page on austerity” with the biggest increase in government spending for 15 years. Read more: Sajid Javid proclaims the ‘end of austerity’ in spending round In his first major announcement after taking the helm of the UK economy, Javid turned his back on the approach of [...]
BoE’s Mark Carney says UK now better prepared for no-deal Brexit September 4, 2019 A worst-case scenario Brexit would now have a less severe effect on the economy than previously thought, Bank of England governor Mark Carney has said, although it would still take a big chunk out of UK growth. Read more: Sterling surges above $1.22 as MPs rip up Boris Johnson’s Brexit strategy This is “a direct [...]
Chancellor announces extra £2bn Brexit funding during Westminster chaos September 3, 2019 Chancellor Sajid Javid will announce a further £2bn to be spent on Brexit when he lays out government funding for the next year tomorrow, taking the total spent on Brexit planning to £8bn. Read more: Rebel numbers creep up ahead of critical Brexit vote The new money is to be spent in the year after [...]
Marks and Spencer set to be ejected from FTSE 100 for first time in 35 years September 3, 2019 Marks & Spencer is set to lose its place in the FTSE 100 list of the UK’s biggest companies tomorrow after 35 years, ending its long-held membership as one of 28 original firms. Read more: Marks and Spencer to shut seven stores for final time in restructuring The troubled retailer will drop down to the [...]
Sterling rebounds as traders hope for block to no-deal Brexit September 3, 2019 The pound has rebounded this afternoon as traders hope for a no-deal Brexit to be avoided in a parliamentary showdown and weak US data drags on the dollar. Read more: Brexit: Tory MP Phillip Lee defects to Lib Dems during Boris Johnson speech Sterling this morning fell to lows not seen since the mid-1980s, if [...]
US manufacturing sector shrinks for first time in three years, survey shows September 3, 2019 The US manufacturing sector shrank for the first time in three years in August, according to a respected industry gauge, as trade tensions and a global economic slowdown weigh on factory output. Read more: Donald Trump says China talks going well and turns fire on EU The purchasing managers’ index (PMI) from the Institute for [...]
Donald Trump says China talks going well and turns fire on EU September 3, 2019 US President Donald Trump has said his country is “doing very well” in its negotiations with China and urged Beijing to reach a deal before the 2020 presidential elections. Read more: US-China trade war escalates with fresh tariffs He said that if a trade deal was still under discussion and he won the election, he [...]
Sterling spirals further as Boris Johnson sparks general election speculation September 2, 2019 Sterling has fallen through the $1.21 mark as speculation swirls that Prime Minister Boris Johnson is preparing to call a general election and the Tory party prepares for a dramatic showdown. Johnson has unexpectedly called a cabinet meeting for 5pm, increasing speculation that he could be about to call a ‘people versus parliament’ election. Read [...]
