Businesses give thumbs up to fourth quarter so far November 14, 2016 Businesses across the country have reported a strong October, as they enter the final stretch of a somewhat unpredictable year. The Lloyds Bank Regional Purchasing Managers' Index (PMI) survey, which was released today, found the UK's PMI had reached a nine-month high of 54.8, up from 53.9 in September, as demand floods in from overseas buyers looking [...]
Consumers splash the cash in October, as spending growth hits six-month high November 14, 2016 Brits have been on a spending spree during October, with a surge in money spent heading to hotels, restaurants and bars, according to figures out today. Visa's UK Consumer Spending Index showed that year-on-year growth for consumer spending had risen to 2.5 per cent for October, the sharpest rise in six months and up from 2.3 per [...]
£66bn of investment abandoned as firms fear pear-shaped Brexit November 14, 2016 A third of businesses have turned their back on investments totaling £65.5bn following the Brexit vote, a study out today has found. Hitachi Capital and the CEBR (Centre for Economic and Business Research) also found two out of five (42 per cent) large and medium sized companies had cancelled or put investment plans on hold. [...]
Theresa May is to promise an “unashamedly pro-business” government November 14, 2016 Prime minister Theresa May will today vow to lead an “unashamedly pro-business” government, while also vowing to crackdown on bosses that “game the system”. Speaking at the Lord Mayor's Banquet at the Guildhall tonight, May is expected to stress her desire to make the UK an attractive destination for businesses to invest after Brexit. Citing the [...]
Donald Trump names chief of staff and chief strategist November 13, 2016 President-elect Donald Trump has this evening named two senior members of his White House team. Stephen Bannon, the chief executive of Trump for President, will be chief strategist and senior counselor to the President, while Reince Priebus, republican national committee chairman, will be chief of staff. "I am thrilled to have my very successful team continue with me in [...]
Spanner in the works for HSBC chairman search, as Henri de Castries eyes French government role November 13, 2016 HSBC may have to reconsider its options for who it wants to replace chairman Douglas Flint, as a top candidate eyes up a post in politics. It has been speculated for some time that Henri de Castries, who joined the bank's board as a non-executive director this March, is the front runner for the role. However, the Sunday [...]
Bankers urge Hammond to push for transition periods ahead of Autumn Statement November 13, 2016 Bankers are calling on the chancellor to push to secure important rights post-Brexit ahead of his first Autumn Statement later this month. The British Bankers' Association (BBA) has used its Autumn Statement submission to urge Philip Hammond to provide further clarity on transition periods and a more transparent negotiating timetable. "The outcome of the referendum vote has generated [...]
Fraud squad eyes end of Tesco investigation November 13, 2016 The fraud squad is expected to announce within weeks what its next steps for Tesco will be, as it wraps up its investigation into the black hole in the retailer's accounts. The Serious Fraud Office (SFO) launched its probe into the supermarket giant's accounting practices in October 2014, and brought charges against three individuals, Carl Rogberg, [...]
Citigroup preparing to move almost 1,000 London jobs to Dublin following Brexit vote November 13, 2016 NULL
