Housing market ‘in limbo’ as London house prices drop 1.4 per cent October 16, 2019 London house prices booked a steep 1.4 per cent annual drop in August as UK house prices grew at a lower level than last year, according to the latest data. While UK house prices posted annual growth of 1.3 per cent to beat that of 0.8 per cent in July, growth dipped below last year’s [...]
Extinction Rebellion protesters flout ban to march on Trafalgar Square October 16, 2019 Extinction Rebellion protesters are set to march to Trafalgar Square today despite a ban on any demonstrations inside London. The Metropolitan Police had initially ordered protesters to confine action to the London landmark but late on Monday night evicted protesters camped there and banned XR protests from the capital. Read more: Extinction Rebellion protesters target [...]
Boris Johnson races against the clock to secure Brexit deal October 16, 2019 EU and UK negotiators have entered the last day of Brexit negotiations hoping to secure a deal before a key summit tomorrow. Prime Minister Boris Johnson is due to update the cabinet of the state of talks after they continued overnight. Read more: Negotiators burn the midnight oil as crunch EU summit looms Sterling surged [...]
Shore Capital delists from Aim stock market October 15, 2019 Shareholders have voted to remove Shore Capital from London’s Aim stock market in a crunch vote today. The broker will now stop public trading of its shares after 81.7 per cent of investors backed the motion. Read more: Shares slide as Shore Capital moots quitting Aim market Shore Capital needed at least 75 per cent [...]
UK unemployment rate rises as Brexit fears hit labour market October 15, 2019 The UK’s unemployment rate rose in the latest quarter, according to data released today, coming off a long running 45-year low as Brexit hit the labour market. Unemployed workers rose by 0.1 percentage points compared to the previous quarter to 3.9 per cent between June and August, Office for National Statistics (ONS) figures showed. Read [...]
Thomas Cook CEO Peter Fankhauser: I worked ‘extremely hard’ for pay October 15, 2019 Thomas Cook chief executive Peter Fankhauser defended his pay at a heated showdown with MPs today. Fankhauser said he was “deeply sorry” for the holiday operator’s collapse, but added that he “worked extremely hard” for his pay. Read more: Jet 2 owner sees bookings rise after collapse of Thomas Cook “In relation to [a] normal [...]
Neil Woodford’s ‘sorry saga’ finally ends as flagship fund set to be wound up October 15, 2019 Neil Woodford is to be fired from his flagship fund, which will shortly be wound up, the administrator charged with overseeing its frozen assets has announced. Corporate director Link Fund Solutions has written to investors to say it will return their cash as soon as possible from Woodford Investment Management. Read more: Watchdog calls for [...]
Michel Barnier: Brexit deal ‘still possible this week’ despite difficult talks October 15, 2019 The EU’s chief Brexit negotiator, Michel Barnier, said today that reaching a fresh Brexit deal “will be difficult” but that it “is still possible this week”. Barnier told EU ministers in Luxembourg that Brexit negotiations with the UK are “intense” and that “our team are working hard”. Read more: Sterling creeps back up as hopes [...]
Police ban Extinction Rebellion protesters from London October 15, 2019 Police have spent the night clearing Extinction Rebellion protesters from Trafalgar Square after banning the activists from London. The Metropolitan Police started the eviction at around 10pm, after earlier this week attempting to confine protests to Trafalgar Square. Read more: Extinction Rebellion protesters target City of London and blockade Walkie Talkie Extinction Rebellion denounced the [...]
Remember, remember, 6 November: Sajid Javid sets date for Budget 2019 October 14, 2019 Chancellor Sajid Javid has revealed the 2019 Budget will take place on Wednesday, 6 November and could contain a raft of emergency measures to help the economy in the event of no deal. If the UK does leave the European Union on the scheduled 31 October departure date, it will be the first post-Brexit budget, [...]
