FTSE 100 slips as no-deal Brexit comes into focus December 11, 2020 The FTSE 100 opened lower as investors digested the prospect of a tighter lockdown in London and a no-deal exit from the EU transition period. London’s blue-chip index fell 0.1 per cent to 6,594 points in early trading. The FTSE 250 of slightly smaller firms dropped 0.2 per cent. The pound – which has been [...]
Before the Bell: Preparations start for a no deal Brexit December 11, 2020 It was another mixed session for European stocks yesterday, with the FTSE100 outperforming on the back of a slightly weaker pound, but it was notable that we saw heavy falls in UK banks and other stocks with a domestic focus on no deal Brexit concerns. Brexit talks With UK/EU trade talks extended to the weekend, [...]
A year on from the election, Boris is ensnared in the classic Conservative leadership trap December 11, 2020 It seemed like all of Boris Johnson’s plans had come together. The Red Wall had tumbled, turning Labour heartlands blue for the first time in history. The Prime Minister would return to the Commons with 364 MPs backing him and his oven-ready Brexit deal. He had vanquished his own party rivals, outplayed a divided Commons, [...]
It’s not about fish, it’s about control December 11, 2020 Throughout the highs and lows of the Brexit rollercoaster over the past five years, there has been precious little that can be regarded as consensus. One thing we can probably agree on, however, is that of the 17,410,742 people who voted to leave the EU, most of them probably didn’t do so on the basis [...]
Britishvolt to build £2.6bn battery ‘gigaplant’ in Blyth December 11, 2020 Start-up Britishvolt has chosen Blyth in the north-east of England to be the site of the UK’s first ever battery “gigaplant”. The project, which will cost £2.6bn in total, is one of the largest ever investments into the region. Around 3000 people will be employed at the plant, which will produce lithium ion batteries for [...]
E-scooter firm Pure Electric to open stores in Paris and Madrid in European expansion December 10, 2020 E-scooter firm Pure Electric is set to open new stores in Paris and Madrid as part of a 20-store expansion into Europe next year. Despite Brexit uncertainty, the Glastonbury-based business will embark on a rapid scaling up in 2021 which will see it more than double its current number of stores. The first of these [...]
Stunning Airbnb market debut drives valuation past $100bn in biggest IPO open of 2020 December 10, 2020 Shares of Airbnb soared in its stock market debut today, valuing the firm at $101.6bn and marking the biggest US floatation of 2020. Shares open at $146 on the Nasdaq, far above the initial public offering (IPO) price of $68 apiece. The stock then hit a high of $165, rising 142.6 per cent after the [...]
Boris Johnson: ‘Strong possibility’ now of a no-deal Brexit December 10, 2020 Boris Johnson has said this evening that there is now a “strong possibility” that the UK will not strike a post-Brexit trade deal with Brussels and will leave the EU on no-deal terms. Johnson’s statement comes after a meeting with European Commission President Ursula von der Leyen last night ended with both sides vowing to [...]
Boris Johnson facing legal challenge over decision not to fire Priti Patel December 10, 2020 The FDA Union is suing Boris Johnson after he overruled allegations of bullying by Priti Patel.
Paris experiences modest Brexit influx as thousands of professionals relocate December 10, 2020 Since 2016, around 5,000 employees have relocated from London to Paris as a direct result of Brexit, a report finds.