UBS wealth arm pessimistic about UK earnings in 2020 November 28, 2019 UBS Global Wealth Management (GWM) has said it expects earnings growth for UK equities to flatline in 2020, regardless of which party wins the upcoming General Election. Analysts at the Swiss banking giant’s wealth arm said that if the Tory party wins and pushes through a Brexit deal, the benefits will be limited by fresh [...]
EU and UK feel the pain as global trade contracts November 28, 2019 The European Union has been hit hard by the slowdown in international trade, data showed today, with the UK suffering more than most. Global trade continued to slide in the third quarter, the OECD said, approaching two-year lows as the US-China trade war and Brexit uncertainty took a heavy toll. Read more: China rages after [...]
Conservatives break election donations record while unions turn on the taps for Labour November 28, 2019 The Conservatives have broken the record for the most amount of money raised in the first fortnight of a general election campaign. Figures from the Electoral commission show the Tories were given £8.6m in large donations in the first two weeks of the campaign, while Labour lags behind on £3.7m and the Brexit Party on [...]
Premier hit by outflows ahead of merger with Miton November 28, 2019 Premier swung to net outflows in a “difficult year” as it finalised its merger with Miton, with Brexit uncertainty weighing on the asset manager. In its last results before the merger takes effect, Premier revealed that its assets under management (AUM) slipped from £6.9bn to £6.6bn for the year ending 30 September. Read more: Rathbone [...]
Anti-Conservative Tube ads to be referred to watchdog November 28, 2019 Transport for London (TfL) will be referred to the advertising watchdog for displaying anti-Tory advertising during the election period. Israeli tech startup Monday.com has paid for advertising on the Tube that makes fun of Boris Johnson’s background and his record as mayor of London and Prime Minister. Read more: TfL bans Uber for London after [...]
General Election: DUP won’t back down on Brexit deal November 28, 2019 The DUP will seek changes to Boris Johnson’s Brexit deal if the Conservatives are re-elected on 12 December. DUP leader Arlene Foster launched the party’s manifesto in Belfast today, reiterating that Boris Johnson’s Brexit deal was unacceptable. Read more: Government’s halted ad campaign cost taxpayers £5m Deputy leader Nigel Dodds said the deal represented a [...]
General Election 2019: Conservatives and Labour’s spending plans not credible, warns IFS November 28, 2019 Neither the Tories nor Labour have presented voters with credible tax and spending plans in their General Election manifestos, according to damning analysis by the Institute for Fiscal Studies (IFS). Labour is unable to raise the money it wants to and the Conservatives cannot meet the pledge to balance the budget with tax freezes and [...]
Dominic Cummings is quitting government, but not for the reason you think November 28, 2019 Reports of Dominic Cummings’ political death have been greatly exaggerated. It was first reported by The Guardian last night that the controversial special adviser (spad), and Brexit campaign mastermind had resigned three weeks ago. Read more: In defence of my friend Dominic Cummings Social media was humming this morning with news of Cummings’ demise, with [...]
Motorpoint takes hefty profit hit due to low consumer confidence November 28, 2019 Profit at Motorpoint, the UK’s largest independent vehicle retailer, fell nearly 20 per cent this morning as the company struggled with lower consumer confidence. Shares in Motorpoint were up 2.3 per cent this morning. Read more: Amigo shares jump as it boosts customer numbers and loan book The figures Profit at the car seller fell [...]
UK house prices: Growth hits seven-month high November 28, 2019 UK house price growth ticked up this month, showing the strongest annual rise since April. However, annual house price growth remained below one per cent for the 12th month in a row at 0.8 per cent, reaching an average price of £215.734. House prices were up 0.5 per cent month-on-month, according to the latest Nationwide [...]