Green shoots of recovery in the IPO market September 23, 2020 IPOs of all shapes and sizes were understandably shelved by the turmoil in global markets in the first half of the year. It would be a brave company that would launch their newly-listed firm into a global stock market that was in the midst of its biggest and most dramatic rout in years. It is [...]
Brexit: Government warns of 7,000-long lorry queues in Kent September 23, 2020 Ministers have warned of 7,000-long lorry queues in Kent after the Brexit transition period ends. In a letter to the freight industry cabinet minister Michael Gove warned exporters would face long queues and a two-day delay to trade. Imports will also be disrupted in January, while delays could be worsened if a winter spike in [...]
UK manufacturing orders stall for first time since April September 22, 2020 The UK’s manufacturing firms saw orders stagnate in September for the first time since April as companies faced “headwinds from a resurgence of the virus”, a new survey has shown. However, manufacturing output volumes fell at a slower pace than in August, the latest CBI industrial trends survey said. Anna Leach, CBI deputy chief economist, [...]
Liz Truss hails ‘productive’ fourth round of UK-US trade talks September 22, 2020 Trade secretary Liz Truss today said the UK and US had made “significant” progress in reaching a trade deal after wrapping up a “productive” fourth round of talks. Truss said the two sides exchanged their first tariff orders and held a series of detailed market access discussions during the round. The US and the UK [...]
Exclusive: Internal report says ex-People’s Vote boss has ‘case to answer’ on sexual harassment allegations September 21, 2020 A former Labour election strategy chief and boss of the People’s Vote campaign “has a case to answer” in regards to multiple allegations of sexual harassment, according to a report commissioned by a company he used to lead. An inquiry conducted by the anti-Brexit European Movement group and seen by City A.M. lists a string [...]
EU gives banks until 2022 to cut ‘excessive’ use of London clearing September 21, 2020 The European Union’s banks have until mid-2022 to reduce their “excessive exposures” to London’s derivatives clearing houses, the European Commission has said. The bloc’s new finance chief Valdis Dombrovskis said he had approved a proposal to let EU banks and market participants access Britain’s clearing systems for 18 months after the Brexit transition finishes at [...]
Anneliese Dodds pitches Labour as party of fiscal responsibility September 21, 2020 Shadow chancellor Anneliese Dodds has said Labour will be a party of fiscal responsibility under its new leadership, while setting out a three-point plan to protect UK businesses from the economic crisis. Dodds used her speech at the virtual Labour conference to call out the government for being “cavalier” with public money, adding that she [...]
Sir Keir Starmer: Labour must become more patriotic September 20, 2020 Labour must stop being “shy” about patriotism to win back its traditional working class voter base, according to Sir Keir Starmer. Starmer said today that his party had been “very shy about patriotism for too many years” and that “the Labour movement actually wants the very best for the country”. The party’s virtual 2020 conference [...]
FTSE 100 and US stocks slip amid rising coronavirus cases September 18, 2020 The FTSE 100 and US stocks slipped as investors weighed up rising coronavirus cases and the latest decisions by the Bank of England and US Federal Reserve. London’s main stock index fell 0.5 per cent to 6,017 points at 3pm. Mid-cap firms were hit harder, with the FTSE 250 dropping one per cent. Read more: [...]
Business groups urge chancellor to unveil autumn Budget policies early September 18, 2020 Business lobby groups have urged chancellor Rishi Sunak to make early announcements on the upcoming autumn Budget, in a move to quell fears over the current economic uncertainty. Chancellor Rishi Sunak is expected to deliver the Budget in November, though reports last week suggested the announcement could be pushed back to spring 2021 if the UK [...]