Volatile market movements boost TP ICAP revenues November 1, 2019 TP ICAP has reported a jump in third quarter revenue, with the world’s largest inter-dealer broker benefitting from an increase in trading activity over the summer due to global trade tensions and Brexit uncertainty. The broker held its current guidance for the year, however, warning that geopolitical uncertainties could impact transaction volumes. Read more: Broker [...]
Pound nears $1.30 as weak dollar and election buoy GBP/USD November 1, 2019 The pound jumped against the dollar in early trading today thanks to a weaker US currency and hopes of a Tory majority at the upcoming election. GBP rose 0.34 per cent against USD to $1.297 as markets opened, buoyed by a weaker dollar due to the US Federal Reserve’s third cut to interest rates this [...]
FTSE 100 climbs after Asian stocks hit three-month high on China PMI November 1, 2019 European markets ticked up slightly this morning as traders showed slightly more optimism following another week of Brexit uncertainty and US-China tensions. The FTSE 100, Dax and Cac all rose 0.4 per cent after the opening bell. The blue chip index turned green today after enduring its steepest losses in nearly a month last night. [...]
Brexit Party to run in hundreds of seats in the general election November 1, 2019 Nigel Farage is set to launch an assault on hundreds of seats in a major threat to the Conservatives’ hopes of gaining a majority in next month’s general election. Farage is set to launch the Brexit Party’s election campaign this morning, just a day after it was rumoured the party would only run for about [...]
MP Antoinette Sandbach quits Tories for Liberal Democrats November 1, 2019 Antoinette Sandbach, one of the Conservative MPs who was expelled from the party in September, this morning announced she had joined the Liberal Democrats. The Remain supporter was one of 21 MPs who had the whip removed after voting against Boris Johnson in an attempt to avoid a no-deal Brexit. Read more: The 21 MPs [...]
Downing Street responds to Donald Trump’s Brexit deal criticism November 1, 2019 Number 10 has defended Boris Johnson’s Brexit deal after President Donald Trump threatened it could thwart a trade agreement between the UK and US. Trump warned the US “can’t make a trade deal with the UK” under the terms of the Prime Minister’s EU withdrawal agreement. Read more: Donald Trump slams Jeremy Corbyn and says [...]
Revealed: The London boroughs most likely to avoid a Brexit house price crash November 1, 2019 So you’re a first-time buyer who has finally saved up enough to get on the housing ladder. All that’s left now is to decide which corner of the capital you’re going to invest your cash in. That decision is arguably more important than ever, given that a recession is a very real possibility – particularly [...]
The City will watch the election with interest November 1, 2019 The fate of the financial services industry is rarely a battleground in election campaigns but though the City won’t get much attention (beyond Labour’s ham-fisted criticism of it) the future of financial and professional services will certainly be determined by the next six weeks of campaigning. Labour have made clear to City leaders and business [...]
Startup entrepreneurs are seeking more advice than ever before November 1, 2019 As a nation, we’re not great at admitting when we need help. We like to soldier on with a stiff upper lip, while often heading for a fall. It was therefore interesting that in a recent poll among our Enterprise Nation adviser community, we found that more than half of them say that small business [...]
DEBATE: Does the spate of Conservative MP resignations suggest that the party’s ideology is narrowing? November 1, 2019 Does the spate of Conservative MP resignations suggest that the party’s ideology is narrowing? Ben Kelly, a commentator for Reaction, says YES. The Conservative party has been a formidable election-winning machine because of an ability to adapt to its circumstances. This strength comes from its diversity as an alliance of various political factions, united by [...]