Johnson launches transport review to boost economy and strengthen UK ties October 3, 2020 Prime Minister Boris Johnson launched a review aimed at improving transport links across the UK, including a possible bridge between Scotland and Northern Ireland, as part of a plan to boost the pandemic-hit economy and strengthen ties between its member nations. The study will consider air links within the country, road and rail links in [...]
PM to hold last-minute Brexit talks with EU’s von der Leyen October 2, 2020 Prime Minister Boris Johnson will hold discussions with European Commission president Ursula von der Leyen by phone tomorrow as the UK and EU try to strike a last-minute Brexit trade agreement. The latest and last round of scheduled talks between the two sides ended today. A deal remains a way off, with tensions still running [...]
EU says the City can expect ‘less fluid’ trading from January October 2, 2020 The City of London can expect financial services trade with the EU to be “less fluid” from January onwards, the bloc’s new finance commissioner has said. Speaking to the European Parliament, Mairead McGuinness also reiterated the EU’s position that its banks and financial services companies should move away from reliance on London. The UK officially [...]
Don’t let London become a Donut: Crowded on the outside, empty in the middle October 2, 2020 As a Londoner born and bred, I am acutely sensitive to the ebb and flow of people travelling in and out of London on a daily basis — the human tide of our capital. Despite various pleas and edicts, right now the centre of London is pretty much empty. The tide went out abruptly at [...]
Andrew Neil’s GB News will test whether there is appetite for a Fox News-style news channel in the UK October 2, 2020 The announcement this week that Andrew Neil, the doyen of political broadcasters since David Dimbleby quit the stage, was to be chairman of GB News and anchor its flagship evening show four times a week breathed new life into a story that had become a little stale. It was momentous for a number of reasons: [...]
7,500 UK finance jobs shifted to EU since historic vote, as hard Brexit edges closer October 1, 2020 More than 7,500 UK finance jobs have headed for Europe since the 2016 EU referendum, with more relocations expected as City firms edge against a hard Brexit. In September alone, financial services firms moved more than 400 jobs to financial hubs across the EU, according to a new Ernst & Young report, published earlier this [...]
Retail investors boost August flows as market recovery continues October 1, 2020 UK savers ploughed £1.8bn into retail funds last month as the fund market started to show signs of a post-Covid recovery. Volatility within bond markets has calmed somewhat as a result of central bank stimulus, which is in turn attracting investors. Read more: Investors turn their back on UK equity funds due to Brexit jitters [...]
EU takes legal action against UK over Brexit treaty breach October 1, 2020 European Commission President Ursula von der Leyen has confirmed the EU has begun legal action against the UK over the controversial Internal Market Bill for its potential breaches of the Brexit treaty. The EU has sent a formal notice of proceedings to the UK government, with von der Leyen warning some provisions in the parliamentary [...]
Halfords shares surge a fifth as wheels keep turning October 1, 2020 Shares in Halfords jumped over 20 per cent this morning as the firm said that the continuing numbers of new people taking to two wheels meant its half year profit would be higher than previously forecast. The FTSE 250 firm, which sells motoring and cycling products and services, said that profit was now expected to [...]
FTSE 100 on course for monthly decline as record GDP drop confirmed September 30, 2020 FTSE 100 flat as government figures confirm a masssive fall in UK GDP