Are UK supermarkets ready for Brexit? September 25, 2019 “One can say very clearly what the direction will be: higher prices, less choice, and poorer quality, because all of those dimensions have been improved by these open trading relationships that we’ve had over the last 40 years […] Brexit, almost in whatever version it is, will introduce friction, it will introduce barriers. That makes [...]
Metro Bank shares crash to record low after it scraps £250m bond issue September 24, 2019 Shares in Metro Bank closed over 35 per cent down at a fresh record low after the lender cancelled a crucial £250m bond issue designed to bolster its balance sheets to meet regulatory demands. The challenger bank’s shares opened down as much as 17 per cent before trimming losses slightly, but then crashed again in [...]
Metro Bank share price sinks after investors snub £250m bond offering September 24, 2019 Metro Bank’s shares fell almost ten per cent in early trading after the struggling lender was forced to ditch a £250m bond offering yesterday after a lack of demand from investors. The challenger bank’s shares fell as much as 12 per cent in morning trading, but then trimmed its losses to 6.8 per cent. Read [...]
Thomas Cook collapse: Assets under the hammer as liquidators move in September 23, 2019 Collapsed airline Thomas Cook will be sold as a whole or in parts after it went into liquidation this morning, the firm’s second largest shareholder has said. Neset Kockar, boss of Turkish holiday group Anex Tour, owned a near-eight per cent stake in the travel giant when it went under. Read more: Tui share price soars [...]
Timeline – Thomas Cook’s humble beginnings to a billion-pound collapse September 23, 2019 Thomas Cook’s insolvency has left hundreds of thousands of people stranded abroad, and cost tens of thousands of jobs in the UK. But it has been a long time coming. With debts ballooning over the last 10 years and a near-miss in 2011, Britain’s oldest travel firm has endured a bumpy ride in recent years [...]
Boris Johnson: Don’t bank on Brexit breakthrough in New York September 23, 2019 Prime Minister Boris Johnson played down hopes of a breakthrough in Brexit negotiations as he jetted off to New York this morning. Johnson, who is set to speak to the German and Irish leaders when in the US, cautioned reporters that the trip may not be “the moment.” Read more: Sadiq Khan fires warning shot [...]
Dominic Raab hints parliament could be suspended for a second time September 22, 2019 Foreign secretary Dominic Raab has refused to rule out proroguing parliament for a second time. The Supreme Court, the UK’s highest court, is due to hand down its ruling on two cases lodged against Boris Johnson’s decision to suspend parliament. Read more: Brexit negotiations are moving forward with momentum, says Stephen Barclay One is an [...]
Brexit negotiations ‘moving forward with momentum’, says Barclay September 21, 2019 Brexit Secretary Stephen Barclay insists the UK and EU are “moving forward with momentum” toward a Brexit deal after meeting chief negotiator Michel Barnier in Brussels on Friday. Barclay said the two sides shared a “common purpose” in trying to reach a new agreement and that he had held “serious, detailed discussion” with his counterpart. [...]
EU keen to secure Brexit deal, says Stephen Barclay after ‘detailed’ talks September 20, 2019 The EU and the UK have a “shared desire” to clinch an exit deal before 31 October, Brexit secretary Stephen Barclay said today, though Ireland sounded a negative note on today’s talks. Saying that “no-one” wants a no-deal Brexit, Barclay added that the two sides have held “serious detailed discussions” in a bid to reach [...]
FTSE 100: Stocks muted as investors keep eye on Brexit talks and US-China trade war September 20, 2019 European markets have remained muted this morning as traders keep an eye on US-China relations and Brexit trade talks. European stocks opened quietly this morning, with the FTSE 100 and Dax both starting slightly down. Rolls Royce led the blue-chip fallers as shareholders wobbled over the company’s longer-than-expected problems with its Trent 1000 engines. Read [...]