Canadian pension fund circles Gatwick as deal nears October 20, 2018 A Canadian pension fund is preparing a bid for a stake in Gatwick Airport which could be worth £3bn, Sky News reports. Canada Pension Plan Investment Board is reportedly part of a consortium in talks to buy out Global Infrastructure Partners, Gatwick’s largest shareholder, in a deal that could be valued at £3bn. Sky reports [...]
Thousands expected to march for second EU referendum in London October 20, 2018 Thousands of people are expected to march in central London today for a final referendum on the Brexit deal, the so-called people’s vote. Read more: UK ready to agree Irish backstop deal to speed Brexit talks The march started at midday in Park Lane and finishes in Parliament Square where marchers will hear speakers, including TV [...]
UK ready to agree Irish backstop deal to speed Brexit talks October 20, 2018 UK Prime Minister Theresa May is reportedly prepared to agree a backstop deal for the border between the UK and Ireland which does not have a time limit. Bloomberg reported yesterday that May is willing to make the move to help speed Brexit talks. Read more: Varadkar says even with Brexit transition extension Irish ‘backstop’ [...]
Canada chooses British-designed frigate for multi-billion warship contract October 20, 2018 The Canadian government said last night it had selected the British-designed Type 26 Frigate in a competition for its new generation of warships. The BAE-designed frigate was being put forward by a consortium led by Lockheed Martin Canada and also including BAE, CAE, L3 Technologies MDA and Ultra Electronics. Read more: Russia to deploy missiles [...]
Saudi Arabia admits missing journalist Jamal Khashoggi was killed at its consulate October 20, 2018 Saudi Arabia admitted yesterday that missing journalist Jamal Khashoggi was killed at its Istanbul consulate, but claims he died in a fight. The admission follows two weeks of denials from Saudi Arabia that it was involved in the dissident journalist’s disappearance, despite CCTV footage showing Khashoggi entering the embassy and claims from Turkish authorities that they had [...]
FTSE round up: Unilever boosts index as Easyjet sinks October 19, 2018 The FTSE 100 closed up 0.8 per cent for the week on after climbing to 7,051.41 today on the back of strong performances from consumer goods companies Reckitt Benckiser and Unilever. Unilever’s shares were up 3.11 per cent, reversing yesterday’s losses which followed it delivering a solid, but slightly underwhelming set of third quarter results. [...]
Daimler issues profit warning and shares plunge October 19, 2018 German car maker Daimler issued its second profit warning in four months today, sending its shares to a five-year low. The Mercedes-Benz owner said costs from “government proceedings and measures in various regions” affecting its diesel vehicles were to blame. Read more: Daimler names new CEO It said it now expects its full-year earnings before [...]
Irish premier Varadkar says even with Brexit transition extension Irish ‘backstop’ needed October 19, 2018 Ireland’s Taoiseach Leo Varadkar said today that even if the UK’s post-Brexit transition period were extended Ireland would still need a backstop arranged to prevent a hard border with Northern Ireland. Speaking on the third day of the EU summit meeting in Brussels, Varadkar said without an Irish backstop any withdrawal treaty may fail to [...]
Singapore Prime Minister says EU-Singapore trade deal could be extended to UK post-Brexit October 19, 2018 Singapore’s Prime Minister Lee Hsien Loong said today he would be prepared to extend the terms of Singapore’s recently agreed trade with the European Union to the UK. “We hope we will be able to continue arrangements with Britain whether or not it is inside the EU… And then we have time to work some [...]
Investment platform AJ Bell boosts customers ahead of float October 19, 2018 Investment platform and stockbroker AJ Bell said today it had increased customer numbers by 20 per cent in the last financial year ahead of a planned main market listing. In the year to 30 September customer numbers increased 20 per cent to 197,912 and assets under administration grew 16 per cent to £46.1bn. Read more: [...]