Impeach Trump? It wouldn’t affect the US economy one jot, says Barclays September 6, 2018 Impeaching President Donald Trump would have little to no effect on the fortunes of the US economy, according to Barclays. Trump said the economy would crash in the event of his impeachment, leaving everybody “very poor”, in an interview with Fox News last month. In reality, whether Trump sees out his four-year term in the [...]
Weir Group share price falls on ‘softening’ industry demand September 6, 2018 FTSE 250 firm Weir Group’s share price sunk up to six per cent on news of “softening” demand for original equipment this morning. Shares fell to £16.76 in early morning trading, as the engineering firm issued an unwelcome update about its North American oil and gas market activity. “There was a considerable softening in demand [...]
Dixons Carphone reveals flat revenue growth following data breach September 6, 2018 Dixons Carphone said it has avoided a loss in its latest trading period, following a cyber attack that saw up to 10m customer records hacked. The figures The electricals retailer said both UK & Ireland and group revenue was flat for the three months to the end of July in a trading update for its [...]
Ofgem is set to cap energy bills September 6, 2018 Households stand to save up to £120 a year following the introduction of a proposed cap on energy bills. Energy regulator Ofgem plans to cap tariffs at £1,136, saving 11m households around £75, and £120 for those on the most expensive gas and electricity deals. Read more: Eurozone producer price inflation spikes due to [...]
Brexit: New poll says UK would vote to remain in the EU September 5, 2018 Brits would vote 59-41 in favour of remaining in the EU if another Brexit referendum occurred today, according to a new poll. The six-point swing away from Leave saw Remain win its highest level of support since the 2016 referendum, and contrasts the actual result at the time, which saw 52 per cent people vote [...]
RBS prunes another 54 branches from its network of high street banks September 5, 2018 Royal Bank of Scotland is to close another 54 branches, expecting to make 259 people redundant. The closures, which will take place in January, come after the announced closure of 162 branches, resulting in an expected 792 redundancies. They are a consequence of RBS deciding against spinning off two banks as a challenger bank operating [...]
UK car sales grew 23 per cent in August as regulatory changes triggered deals September 5, 2018 New car registrations soared by nearly a quarter last month, with dealerships selling 94,094 vehicles. That’s a 23 per cent rise from 76,433 sold in August 2017, data released by the Society of Motor Manufacturers and Traders (SMMT) today revealed. Regulatory changes were credited with the unexpectedly high growth in a traditionally slow month before [...]
Housebuilder Berkeley warns UK housing market ‘lacks urgency’ September 5, 2018 Housebuilder Berkeley Group has warned of Brexit “headwinds” harming the UK housing market’s prospects for growth, with London and the south east particularly affected. However, it expects to post strong financial performance for the four months to the end of August, the construction firm said in a trading update it will share at its annual [...]
Lord Mervyn King labels Brexit preparations ‘incompetent’ September 5, 2018 Former Bank of England governor Lord Mervyn King has condemned the government’s Brexit preparations, claiming they leave the UK in a weak negotiating position. Calling plans to stockpile food and medicine in the event of a hard Brexit “incompetent”, the Brexit voter told the BBC that “a government that cannot take action to prevent some [...]
Petrol prices have risen for eight of the last 12 months, warns RAC September 5, 2018 Rising oil prices and a weakening pound are sending fuel prices rocketing, RAC warned today. Petrol has seen price hikes in eight months of the past year, while the cost of diesel has increased in nine of the last 12 months. Read more: Petrol station merger could drive up fuel prices, watchdog finds Prices at [...]