Eurozone business activity shrink sharply in November as lockdowns bite November 23, 2020 Eurozone business activity shrink sharply in November as lockdowns bite
FTSE flattens mid-afternoon November 23, 2020 Cineworld, Tui, BA owner and pub companies lead FTSE vaccine bounce
Time for a new chapter in the City’s special relationship with America November 23, 2020 Over the years, we in the UK have often stressed the “special” nature of our relationship with the US. While this is usually considered in the context of foreign policy, with regards to bilateral financial service trade, it has certainly developed into something truly special — and something we should be grateful for as Thanksgiving [...]
Brexit: London Lord Mayor says government ignored City of London in negotiations November 22, 2020 The government has neglected the City of London in Brexit negotiations, according to the Lord Mayor of London. Lord Mayor William Russel, a former investment banker, said he had been disappointed by the government’s approach and that it had “missed the point” of the City of London. Russell is the 692nd Lord Mayor and acts as [...]
UK signs rollover trade deal with Canada ahead of post-Brexit talks November 21, 2020 Britain today secured a continuity trade deal with Canada, ensuring the two countries’ £20bn trading relationship will be maintained after Brexit. The government said it has secured an “agreement in principle” to roll over current EU-Canada trading arrangements when the transition period ends on 31 December. This will pave the way for negotiations on a [...]
Rishi Sunak to unveil multi-billion pound spending boost in bid to woo regions November 21, 2020 Rishi Sunak is set to unveil plans to pour billions of pounds into infrastructure projects in a bid to woo regions and narrow the UK’s north-south divide. The chancellor will next week announce the launch of a new UK infrastructure bank, based in northern England, which will play a crucial role in fuelling the country’s [...]
Pushing the Gas November 20, 2020 New Record? The market showed a lot of resilience and dip buying interest to shake off any immediate questions about the sustainability of the recent upside. So much that Bitcoin moved above the $18,000 level and remains on track to retest the highs from earlier on in the week. In addition, the demand for risk [...]
Sterling edges higher on renewed Brexit deal hopes November 20, 2020 Sterling edged higher against the euro and the dollar after an European Union official said the bloc and Britain are very close to agreement on most issues, even if they are still at odds over three main points. After being flat in earlier trade, the pound gained 0.2% versus to stand at 89.31 pence per [...]
COVID-19 has changed investors’ priorities but UK attractiveness remains resilient November 20, 2020 COVID-19 has reshaped how international investors think about where to invest in the future. How a country has dealt with the pandemic and the measures it has put in place to prevent a future crisis have become a top priority. Every year, EY tracks the performance and perceptions of the UK as a destination for [...]
BNP Paribas’ UK property chief on the impact of the pandemic November 20, 2020 In his first interview since taking up the role of UK CEO of BNP Paribas Real Estate in July, Etienne Prongué sat down with City A.M.’s Michiel Willems to discuss the unprecedented beating the City’s property investment space received since the start of the pandemic, with transaction and fundraising levels remaining suppressed. But despite the [...]