EU calls emergency Brexit summit to vote on UK withdrawal agreement as Northern Ireland minister quits November 15, 2018 European Council president Donald Tusk set a date for an emergency Brexit summit today to discuss the UK and EU’s draft withdrawal agreement. The meeting, scheduled for 9.30am on Sunday, 25 November, is expected to formalise the UK’s Brexit deal hammered out by Prime Minister Theresa May and EU negotiator Michel Barnier. “Let me say [...]
Inflation remains steady in October as CPI stays flat at 2.4 per cent November 14, 2018 Inflation remained steady in October, with the Consumer Price Index (CPI) flat month on month at 2.4 per cent, according to Office for National Statistics data out today. Rising fuel costs and domestic gas prices offset lower prices for food and non-alcoholic drinks, as well as clothing and transport, leading to CPI staying unchanged from its September [...]
Sterling retreats as markets await Theresa May’s crucial Brexit cabinet meeting November 14, 2018 Sterling sunk back below $1.30 early this morning despite the Prime Minister having reached a draft agreement with the EU over Brexit. The pound rose on the announcement late yesterday but fell back to $1.296 this morning as politicians reacted negatively to the deal. The DUP has cast doubt over Theresa May’s proposed agreement, calling it [...]
Shares take flight as Flybe confirms it is seeking sale in face of plummeting profits November 14, 2018 Flybe's share price soared 28 per cent this morning as the budget airline confirmed it is seeking a sale after revealing plunging profits. The airline told investors that “it is in discussions with a number of strategic operators about a potential sale of the company”. Flybe has appointed Evercore as its financial adviser, and the airline [...]
Brexit: Theresa May gathers cabinet ministers to discuss draft agreement November 13, 2018 Theresa May has reportedly scheduled an emergency cabinet meeting for tomorrow morning to discuss a draft Brexit deal. Text governing the UK’s departure from the EU has reportedly been agreed at a technical level between negotiators, after a week in which talks have gone on long into the night. Downing Street summoned Cabinet ministers for [...]
CNN sues President Trump for banning correspondent from the White House November 13, 2018 CNN filed a lawsuit against the Trump administration today after the White House banned reporter Jim Acosta following a fiery exchange with the US President. The broadcaster is demanding that the White House return Acosta’s credentials, claiming the administration has harmed both its own and Acosta’s constitutional rights. “While the suit is specific to CNN [...]
Wage growth hits 10-year high as 132,000 EU workers quit the UK November 13, 2018 Wages grew at their fastest rate in a decade in the latest quarter as the employment rate also rose higher, according to data from the Office for National Statistics (ONS) released today. People’s salaries grew by 3.2 per cent excluding bonuses in the three months to the end of September compared to last year, marking the [...]
Brexit deal still possible within 48 hours, says Cabinet Office minister David Lidington November 13, 2018 A Brexit deal may still be achieved within the next 48 hours, according to a government minister. Cabinet Office minister David Lidington told Radio 4’s Today programme that “we are almost within touching distance now” this morning. Lidington said he was “cautiously optimistic” about the prospects of negotiators striking a deal in the next two [...]
Premier Foods boss announces departure as it tries to sell off Ambrosia custard brand November 13, 2018 The boss of Premier Foods is set to step down at the start of 2019. Chief executive Gavin Darby will leave after facing a huge shareholder revolt over summer that saw 41 per cent of investors vote against his re-election. The news comes as Premier Foods revealed it may sell off its Ambrosia custard brand [...]
Fintech startup Revolut is in talks to raise $500m from Softbank November 12, 2018 British fintech startup Revolut is raising a $500m (£389m) series D round from the likes of Japanese mega-investor Softbank, in order to fuel its aggressive expansion plans. Several sources have told City A.M. that the deal is set to close early next year, as Revolut tries to launch its banking app in the US, one of [...]
