Brexit wrecks it: Brits shun big ticket buys July 4, 2016 The future of retail was uncertain even before the country voted to leave the European Union. Now, grocers and high street department stores have more than just discounters and the internet to deal with: they have to navigate changing trade relationships, weather a possible downturn in consumer sentiment, and adapt to shifting spending patterns as well. So what’s next for UK [...]
Lord Owen and Lord Lawson: Stop dithering. We must leave the EU ASAP July 4, 2016 It is unsurprising that the people who prophesied doom and disaster if the UK voted to leave the EU are finding it so hard to instil confidence in the policy they never believed in. Whoever is the new Prime Minister must enter Downing Street ready with clear views to discuss with a new Cabinet and when agreed [...]
Eurosceptic MPs lambast law firm for Article 50 legal action July 4, 2016 Eurosceptic MPs have hit out at a London law firm after it revealed it was prepared to launch legal action over the triggering of Article 50, which would begin the UK’s formal exit from the EU. Mishcon de Reya announced last night that, on behalf of an unnamed group of clients, it had started to pull [...]
Outgoing Prime Minister David Cameron seeks to reassure UK that it will strive for the “closest possible relationship” with EU post-Brexit June 28, 2016 Prime Minister David Cameron has tonight wrapped up what will likely be his final EU leaders meeting with a bid to reassure all parties that the UK will seek "the closest possible deal" with the European Union, post-Brexit. Cameron said his working dinner with EU leaders was calm and constructive, although the tone was one [...]
As results come in Asian markets take a battering on EU referendum volatility June 24, 2016 Markets in Asia-Pacific were battered by the swings in the EU referendum vote count. The Nikkei main market in Tokyo was down by 2.9 per cent in mid-morning trading in the Japanese capital. Australia's main index, the ASX, was down more than 2 per cent although pared losses as the Remain vote overtook Leave at around [...]
The polls have closed: EU referendum voting has now ended across the UK – and now the counting begins June 23, 2016 Polling booths across the UK to vote on the country's EU membership have now closed. Both the Remain and Leave camps look to have a long night ahead of them as counting now gets underway. The Electoral Commission has said if you're in line at a polling station at the 10pm cut-off you'll be able to cast [...]
Petroceltic power struggle comes to a close with Worldview gaining control and CEO Brian O’Cathain bowing out June 16, 2016 The long-running battle for control at exploration company Petroceltic has reached a conclusion with shareholder Worldview Capital assuming full control of the company. This follows a decision by an examiner yesterday. The existing share capital of Dublin-based Petroceltic will be cancelled today. The entire Board of Petroceltic has stepped down. Chief executive Brian O'Cathain and chief [...]
Ex-Schroders equities trader sentenced to two years behind bars for insider trading June 13, 2016 The Financial Conduct Authority (FCA) can chalk up another win, after Damian Clarke, a former equities trader at Schroders Investment Management, was today sentenced to two years jail for insider trading. Clarke pleaded guilty to nine counts of insider trading spanning nine years. The FCA said the profits made from the deals amounted to at [...]
Who runs the world? These Girls. Forbes names Oprah, Taylor Swift and Beyonce in list of top self-made women June 1, 2016 Media empire builder and icon to middle-aged mums everywhere, Oprah has joined the founders of ABC Supply, Gap and Epic Systems in the Forbes list of wealthiest self-made women. Oprah Winfrey, who ditched her daytime television contract to set up her own cable television network, OWN, is worth $3.1bn (£2.1bn) according to the financial magazine. The [...]
Stock Spirits knocked back as activist investors win board appointees May 23, 2016 Eastern European vodka maker Stocks Spirits will be feeling worse for wear today, after shareholders voted to appoint two non-executives to the board – against the company's wishes. At today's annual general meeting a majority of shareholders approved the move to let Alberto Da Ponte, a former Heineken exec, and Randy Pankevicz, a former PepsiCo manager [...]
