The Tories called this referendum – now they need to deal with the consequences July 7, 2016 How low can it go? With the pound sliding further this week, the question on many lips is where our currency will settle in this uncharted post-referendum landscape. A brief dip below $1.28 raised eyebrows during trading yesterday; and while sterling picked up later on to trade slightly above $1.29 late last night, many City [...]
Rupert Murdoch’s News Corp agrees all-cash deal to buy TalkSport owner for £220m June 30, 2016 Media giant News Corp has agreed to pay £220.3m for the company that owns UK radio station TalkSport. The deal for Wireless Group comes after it changed its name from UTV Media in March, following the sale of its TV assets to ITV for around £100m. Wireless shares have shot up 70 per cent on [...]
UK bank stocks tank in Asian trading after Britons vote to leave the European Union June 24, 2016 NULL
Prime Minister David Cameron and Bank of England governor Mark Carney to address the nation after UK votes to leave the EU June 24, 2016 Prime Minister David Cameron will address the nation this morning, after the UK voted to leave the European Union. The result of the long-awaited referendum defied polls, which has predicted that Britons would opt to remain in the EU. Bank of England governor Mark Carney will also deliver a speech today, following Cameron's comments. The [...]
Official figures show that turnout in the EU referendum was 72.2 per cent, with 33.5m Britons casting their ballots June 24, 2016 Over 33.5m Britons cast their ballots in the historic referendum on UK membership of the European Union, official figures have confirmed. The turnout was 72.2 per cent – higher than average for recent polls, but lower than the 85.6 per cent turnout for Scotland's referendum on its membership of the United Kingdom in 2014. Specifically, [...]
The pound has jumped again after polls close on EU referendum day June 23, 2016 Sterling has jumped to within a whisker of $1.50 after polls closed on referendum day, with traders believing that the UK has opted to remain part of the European Union. The pound printed levels above $1.4987 against the US dollar. It has not been above $1.50 since then end of 2015. A YouGov poll published after ballot [...]
Ukip leader Nigel Farage believes that Remain has won the referendum June 23, 2016 With the polls now closed in today's referendum on the UK's membership of the European Union, Ukip leader and Leave campaigner Nigel Farage has said that he believes his side has lost. "Turnout looks to be exceptionally high and it looks like Remain will edge it," Farage told Sky News. "Ukip and I are going nowhere and [...]
War bunkers, pizza and lots of caffeine – how the City is preparing for referendum night June 23, 2016 Brexit "war bunkers" are being opened, extra staff brought in and sleep-deprived workers plied with pizzas, sweets and coffee to keep them going throughout the night as the City beds in for expected high levels of pre- and post-referendum trading. Barclays, HSBC, Lloyds, Societe Generale, Deutsche Bank, Royal Bank of Scotland and JP Morgan will all have heightened [...]
Sterling soars after polls boost Remain campaign on eve of the referendum June 22, 2016 The pound has taken another leap in international trading after two more polls provided a boost to Remain campaigners on the eve of the EU referendum. Sterling jumped from below $1.47 to above $1.48, after polls from YouGov and ComRes suggested that Brits will vote to remain in the European Union. Just over a week [...]
Perhaps chancellor George Osborne needs an emergency Budget after all June 22, 2016 Chancellor George Osborne took some flak for last week's anti-Brexit stunt, during which he unveiled an "illustrative" emergency Budget consisting of £30bn in tax hikes and spending cuts. This sweeping phase of austerity would be necessary following a vote to leave the EU, Osborne insisted, due to the ensuing economic shock. Economists were unimpressed with the proposal, [...]
