Vaccine rollout sends business confidence to highest levels in three years March 15, 2021 The rapid rollout of Covid-19 vaccines across Europe has led to business confidence hitting its highest levels in three years. According to IHS Markit’s global business outlook survey, business confidence now stands at +32 per cent, up from +26 per cent in October. The increase has been driven by the success of the vaccine rollout, [...]
Brexit: Depleted UK-EU trade won’t recover until summer, says lorry lobby March 14, 2021 The collapse of post-Brexit trade with the EU will last until the summer or longer as businesses still struggle to navigate new red tape, according to the UK’s haulage body. New figures on Friday revealed that UK exports to the EU had plummeted by 40 per cent since the end of the transition period on [...]
Farmers union slams free pass for EU imports as UK food exports face red-tape and higher costs March 12, 2021 Farmers union pleads for level playing field on EU imports as food exports face financial barriers
Astrazeneca calls on Biden to ship US-made Covid vaccine doses to the EU March 12, 2021 Astrazeneca calls on Biden to share US-made Covid vaccine doses to the EU
Markets: FTSE eeks out gains as UK’s GDP drops March 12, 2021 Markets: FTSE eeks out gains as UK's GDP falls
Brexit: UK to EU exports collapse by 40 per cent following end of transition period March 12, 2021 The value of UK exports to the European Union plummeted by £5.6bn after the Brexit transition period ended, in the sharpest drop since records began. Total exports of goods fell by £5.3bn, or 19.3 per cent, from December 2020 to January 2021. The fall was mainly driven by a 40.7 per cent drop in exports [...]
City A.M. TV: Daily Market Snapshot (video) March 12, 2021 Various markets are starting to break out to new highs across the globe. The Dax in Europe, for example, the small and mid-cap indices in the US, as well as many of the cyclical areas of global markets, have all been making new highs over the course of this week. In the UK, the large [...]
Analysts: UK economy ‘like a punchdrunk boxer hanging off the ropes’ March 12, 2021 UK’s GDP shrank by 2.9 per cent in January, it was announced this morning, blowing a “cold snap” through the UK economy as a third national lockdown was imposed. Analysts were torn as to whether the harsh fall is a glass of cold water to the face, or better than what was forecast. January’s figures [...]
Parallel markets: The City must push back against Europe’s protectionist financial walls March 12, 2021 Governments, however enlightened and visionary, can so often make two fundamental errors of judgement about global financial service markets: they grossly underestimate their multi trillion dollar power and manoeuvrability. They forget their close attention to competition, cost and risk, and the pursuit of liquidity. In continuing to raise protectionist walls around its internal financial markets, the [...]
Global chief executives say UK market is more attractive after Brexit March 12, 2021 Britain is a more attractive investment proposition than it was before Brexit according to a survey of 5,000 business leaders across the globe. The UK has overtaken India as the fourth most attractive growth target to bosses, behind the US, China and Germany. PwC’s annual survey of global chief executives shows 11 per cent of [...]