Tata Steel writes to UK staff on benefits of EU membership June 15, 2016 Tata Steel has become the latest employer to write to its staff on the benefits of the UK's EU membership. The Indian giant's message follows similar commentary from BT and BAE Systems earlier this week. Although the firm avoided not explicitly encourage staff to vote for either the Leave or Remain campaigns, its' European head of public [...]
FTSE 100 drops below 6,000 to new three-month low on Brexit fears June 14, 2016 The FTSE 100 crashed below 6,000 points this morning as investors fled from risky assets in the run up to the EU referendum. The benchmark London index sank 1.3 per cent in the first 90 minutes of trading to stand at 5,967, below the key 6,000 barrier last breached in February. Already at a three-month low, [...]
The Brexit camp has attacked two BT bosses after they wrote to staff emphasising their fears around a Brexit vote June 13, 2016 A former trade minister has savaged BT's leadership after it issued a firm-wide memo this week supporting the UK's EU membership. BT chairman Sir Mike Rake and chief executive Gavin Patterson teamed with the Communications Workers Union, and Prospect to issue the note, which sought to highlight their concerns, without explicitly encouraging staff to vote Remain in [...]
The Brexit camp has attacked two BT bosses after they wrote to staff emphasising their fears around a Brexit vote June 13, 2016 NULL
BAE Systems boss warns employees of uncertainty in the UK in stark Brexit warning June 13, 2016 Defence and aerospace group BAE Systems has warned its staff of the risks of Britain leaving the EU. The company's CEO Ian King told employees in a note on the BAE Systems' internal website that Brexit would bring a "period of uncertainty", Sky News has reported. "From early on we have made clear our company view that remaining part of [...]
Asian stocks fall amid fears UK will vote to leave the European Union June 13, 2016 Financial markets are preparing for falls today after Asian stocks experienced the biggest intraday falls in over two months due to building worries that Britain may vote to leave the European Union in the upcoming referendum. The pound suffered when trading opened. Sterling fell to $1.4159 in early Asian trade, its weakest since April 18. There [...]
EU referendum: Former Prime Minister Gordon Brown launches fight-back amid speculation Labour has been absent in the battle so far June 13, 2016 The Labour party will today admit it has been on the backfoot during the EU referendum campaign, but pledge to “fight back” starting with a speech from former Prime Minister Gordon Brown. Significant Labour voices will be out campaigning for the UK to remain in the EU every day between now and the referendum amid concerns that [...]
EU referendum: British voters want a Norway-style arrangement if the UK votes for Brexit, poll reveals June 13, 2016 British voters want a "Norway-style" arrangement if the United Kingdom votes to leave the European Union, according to a new poll. A poll by free market think tank the Adam Smith Institute (ASI) has found that a deal resembling the relationship Norway has with the 28-member bloc would be supported to retain access to the [...]
Private equity firms close in on O2 as Telefonica prepares it for listing June 12, 2016 Two of Europe’s biggest private equity firms are plotting to team up on a bid for Telefonica’s UK mobile network O2. Apax Partners and CVC Capital are understood to have discussed forming a consortium to bid for the UK’s second largest mobile operator. The two buyout firms are working against the clock to put a [...]
EU referendum: BT to write joint memo with unions to warn of Brexit risks June 12, 2016 BT and a number of trade unions are to band together in warning its staff on the risks of leaving the European Union. The FTSE 100 company, along with unions representing tens of thousands of its workers, will sign off on a joint memo explaining the rationale behind their support of the EU. "We believe [...]