Morgan Stanley: UK bank shares could fall 20 per cent in no-deal Brexit December 11, 2020 Morgan Stanley has said UK bank shares could tumble 10 to 20 per cent in a no-deal Brexit, with the FTSE 250 dropping as much as 10 per cent. It comes as the UK and EU struggle to sign a free-trade agreement. Prime Minister Boris Johnson yesterday said a no-deal Brexit outcome was now a [...]
Ofcom fines BT £6.3m for breaking rules in public sector contract December 11, 2020 The UK’s telecoms regulator has fined BT £6.3m for breaking rules in a Northern Ireland public sector contract between 2017 and 2018. Between April 2017 and March 2018, BT and Eir both bid for a public sector contract in Northern Ireland to provide shared data transfer services. Ofcom has today concluded that BT’s network arm [...]
Green bonds: ESG, sustainable or impact investments? December 11, 2020 In this article, we provide an updated estimate for the green bond premium (“greenium”) in the Euro (EUR) market. We validate the common hypothesis that green bonds tend to trade a tighter spread (lower yield) than comparable “brown” bonds, and we offer some conclusions on green bond investors. The first green bond was issued in [...]
Paypal-backed Tink raises €85m in latest funding round December 11, 2020 Tink, Europe's leading open banking platform, has received €85 million (£78m) during an investment round extension.
UK companies are cheap: the smaller the cheaper December 11, 2020 UK stocks have lagged their global peers, but is the stage set for a change of fortune? Many investors in UK stocks have looked on enviously at the super-sized returns that global stocks, and US stocks in particular, have been able to deliver over recent years. That all changed this month. As of 18 November, [...]
Competition watchdog refers O2-Virgin merger for in-depth investigation December 11, 2020 The UK competition regulator has referred the £31bn O2-Virgin merger for in-depth investigation. Liberty Global and Telefonica, the respective owners of Virgin Media and O2, struck a deal to merge their UK operations back in May. Last month the Competition and Markets Authority (CMA) launched its phase one investigation into the mega-merger, arguing the potential [...]
The Porsche Cayenne GTS is the SUV that thinks it’s a sports car December 11, 2020 Porsche has reintroduced a brawny V8 engine for its Cayenne GTS. Tim Pitt reckons it’s the sweet-spot of the range.
UK signs free-trade deals with Vietnam and Singapore December 11, 2020 The UK has signed a continuity free-trade agreement with Vietnam the day after it penned a deal with Singapore. The Singapore deal protects trade that was worth £17.6bn last year while the Vietnam agreement protects £5.7bn of trade, the government said. Trade secretary Liz Truss, who is in south east Asia, said: “Both these agreements are [...]
BoE gives lenders all-clear and extends zero capital buffer December 11, 2020 The Bank of England has said the UK’s lenders are strong enough to withstand an economic shock much worse than the one currently predicted, but extended the period in which banks can hold reduced capital buffers to try to encourage lending. Despite the all-clear, the Bank’s Financial Policy Committee (FPC) said that Brexit could cause [...]
Spurs’ Jessica Naz and Harry Kane are scoring goals for good December 11, 2020 The club motto is Audere est Facere. To dare is to do. For two of its top players – Jessica Naz and Harry Kane – this means acting decisively not only on the pitch, but off, as they roll up their sleeves to get involved with Tottenham Hotspur Foundation (THF). They’re strikers who care as [...]
