European investment banking fees plunge in bleak first quarter as M&A hits six-year low April 4, 2019 European investment banking fees have plunged 25 per cent to $4.9bn (£3.75bn) as the first quarter of the year looks set to be even bleaker than originally feared. The value of M&A deal involving any European companies also fell 64 per cent to $183m the lowest in six years, according to a review from Refinitiv. Read [...]
May and Corbyn continue talks as MPs back Brexit delay bill by a single vote April 4, 2019 Theresa May and Jeremy Corbyn will hold more meetings today to thrash out a Brexit compromise after MPs narrowly passed a law instructing the Prime Minister to ask for a delay to the UK’s withdrawal from the EU. Read more: John Bercow delivers casting vote in historic tie on Commons Brexit plan In a dramatic [...]
Germany could get up to 5,000 new finance jobs in the next 18 months because of Brexit April 3, 2019 Up to 5,000 new jobs at overseas banks in Germany could be created in the next year to 18 month because of Brexit, the country’s foreign banking association said today. The lobby group for non-German banks in Germany told an event in Frankfurt that almost 50 financial institutions had decided to ramp up their activities [...]
Jeremy Corbyn confirms customs union demand as Theresa May opens crunch Brexit talks April 3, 2019 Labour leader Jeremy Corbyn is set to meet Theresa May at 2.30pm today to see if the pair can strike a Brexit deal. Read more: Tory whip quits over PM's Brexit talks with 'Marxist' Corbyn The Prime Minister last night invited the Labour leader for talks as she called for “national unity” to break the [...]
Tory business backers say Conservatives have morphed into party of ‘economic destruction’ April 3, 2019 The Conservative party has embarked on a path of "economic destruction" and is no longer the friend of business, a number of high-profile entrepreneurs have warned. Every Tory MP will today receive a letter from a number of Conservative-supporting business figures demanding a confirmatory referendum on Brexit following the political deadlock. The letter, signed by the [...]
Amazon tops Linkedin list of top 10 companies to work for April 3, 2019 A list of the top 10 companies that are seen as most attractive for workers released by Linkedin this morning revealed a varied mix of preferences for job hunters in the UK. Amazon, which recently raised wages after coming under criticism for employment practices and warehouse conditions, took the number one spot, with firms such as [...]
Fast rollout of 5G could add £16bn to the UK economy by 2025, says Barclays April 3, 2019 High-speed 5G mobile technology could add £15.7bn per year in business revenue to the UK economy by 2025, a new report has revealed. The figure would apply in an ‘optimistic scenario’, where the rollout of the new network is accelerated and met with fast uptake by businesses and consumers, according to research by Barclays Corporate [...]
Cash Isa vs stock market Isa: which has returned the most? April 2, 2019 Saving money into a stocks and shares Isa over the last 19 years would have returned two-thirds more than a cash Isa, according to calculations by Schroders. The stocks and shares Isa carries more risk and is subject to greater volatility than the cash Isa, which also provides far greater protection for your investment. You [...]
UK Asset Resolution sells Northern Rock loans for £4.9bn April 2, 2019 The UK Government’s “bad bank”, which was set up in the wake of the financial crisis, has sold £4.9bn of former Northern Rock loans to Citi. UK Asset Resolution, which took on the closed mortgage books of Northern Rock and Bradford and Bingley after the crash, said that the fair treatment of customers was a [...]
Cabinet prepares to meet as Michel Barnier warns no-deal Brexit ‘more likely’ April 2, 2019 Ministers are preparing for a five-hour cabinet marathon this morning after MPs again failed to agree a way forward on Brexit. Read more: Brexit deadlock: Parliament fails to agree new strategy Meanwhile Michel Barnier, the EU’s chief Brexit negotiator, warned that a no-deal Brexit “becomes day after day more likely” as the UK’s extended deadline [...]