Panorama revealed a Labour party that’s rotten to the core July 12, 2019 The Labour party has declared war on the BBC. In response to (in fact, ahead of) Wednesday night’s Panorama film about the party’s handling of antisemitism within its ranks, a concerted campaign was whipped up online to discredit the journalist at the helm, John Ware. How times change. Back in 2002 a group of MPs [...]
Sterling edges higher on UK no-deal Brexit preparations as FTSE 100 sheds gains July 11, 2019 The pound rose 0.35 per cent against the dollar as the greenback slipped again today after falling on yesterday’s comments from Federal Reserve chair Jerome Powell. Powell said “trade tensions and concerns about global growth” have weighed on the US’ economic outlook, making a rate cut more likely. Read more: Mark Carney is ‘too busy’ [...]
Mark Carney too busy to think about IMF role – for now July 11, 2019 Mark Carney today refused to be drawn on whether he has his eyes set on the top job at the International Monetary Fund (IMF) after he leaves the Bank of England in January. Read more: IMF chief Christine Lagarde among surprise picks for top EU jobs The Bank’s governor said there were “a few orderly [...]
Bank of England to probe risks of Woodford-style funds July 11, 2019 The Bank of England will investigate the potential risks of funds like beleaguered trader Neil Woodford’s suspended investment vehicle. Fund managers are currently able to offer investors daily liquidity when their savings are actually tied up in illiquid and unquoted stocks, which are difficult to transfer quickly into cash. Read more: Woodford loses employees as [...]
Oil and gas companies have no reason to fear divestment July 11, 2019 Petrol heads pay good money at the pumps
Banks can cope with no-deal Brexit but risks remain, says BoE July 11, 2019 The UK financial system is strong enough to cope with a severe global slowdown and a “worst-case” disorderly Brexit simultaneously, the Bank of England has said. Read more: No-deal Brexit fears have increased, Bank of England governor warns Yet it warned that an increasingly likely no-deal scenario posed “material risks of economic disruption” and would [...]
Attacks on central bank independence must be called out for what they are July 10, 2019 There lies great danger in normalising the extraordinary political events of our time. In the last 24 hours alone, reports have emerged of a plot to channel Russian oil money to a governing party in the Eurozone’s third biggest economy; a campaign group behind the UK’s leader of the opposition has disseminated an attack video [...]
Investors forecast returns of 10.7% – millennials expect more July 10, 2019 Investors expect total annual returns of 10.7 per cent over the next five years, according to a major new global study. Regionally, returns expectations were highest in the Americas, at 12.4 per cent. In Asia, investors expect 11.5 per cent and the figure was lowest in Europe at 9.0 per cent. The returns include growth [...]
Exclusive: UK companies complacent on productivity, survey shows July 10, 2019 Nearly two-fifths of large UK companies called their productivity levels “very concerning” but big firms are investing only 0.25 per cent of their annual turnover to remedy the problem, new research has revealed. Read more: UK productivity drops for third quarter in a row A survey by the Centre for Economics and Business Research (CEBR) [...]
Annual fall in suspect share dealing occurring before takeovers, FCA report finds July 9, 2019 Suspect share price movements that occur before takeover announcements and imply insider trading fell to its lowest level in more than a decade last year, the UK’s financial watchdog revealed yesterday. Roughly one in ten takeovers were linked with unusual share price moves over the course of 2018, according to a “market cleanliness” indicator released [...]