Chancellor Sajid Javid admits 31 October Brexit deadline ‘can’t be met’ as government tables election vote October 25, 2019 Sajid Javid has admitted that the 31 October Brexit deadline is all but dead. It is the first time the government has publicly accepted it is unlikely the UK will leave the EU before the end of the month, despite Boris Johnson’s “do or die” pledge. The Chancellor said it is likely the EU will [...]
Which stock markets are “cheap” entering the final quarter of 2019? October 25, 2019 There are plenty of reasons why investors could justifiably feel pessimistic about the future, but stock market valuations are not one of them. In 2019 the global economy has gone into a marked slowdown. US-China relations have remained tense. Drones have attacked oil infrastructure in the Middle East. Global corporate earnings growth has collapsed towards [...]
FTSE 100 trades flat amid Brexit caution October 25, 2019 European markets were flat this morning, with UK traders struggling for direction following four sessions of gains. Uncertainty over the future of Brexit has driven caution in this morning’s session, with the FTSE 100 falling by 0.1 per cent. The Dax is down by roughly 0.1 per cent while the Cac is trading flat. Read [...]
Four things we learned from Barclays results October 25, 2019 Barclays delivered a mixed set of results for the third quarter today, with strong performance in its controversial investment bank outweighed by a massive £1.4bn PPI claims hit. These are the top four takeaways from Barclays results today. Barclays was not expecting PPI ‘avalanche’ Barclays otherwise strong third quarter results were torpedoed by a whopping [...]
Heathrow enjoys record passenger numbers amid rise of US and African traffic October 25, 2019 Heathrow has posted a record number of passengers travelling through its airport this year, as a boon in transatlantic flights helped offset a slowdown in short-haul journeys. The airport hub has said it is expecting its ninth consecutive year of growth after reporting a 0.7 per cent year-on-year rise in passenger numbers to 61m in [...]
Investment banking boost helps Barclays despite £1.4bn PPI charge October 25, 2019 Barclays has confirmed a £1.4bn hit to its balance sheet following a rush of payment protection insurance (PPI) claims. The British bank also warned that a gloomy global economic outlook could make it harder to hit profit targets despite posting a double-digit rise in pre-tax profit for its third quarter today. Read more: Amazon shares [...]
Brexit latest: EU considers delay after Boris Johnson tables election vote October 25, 2019 The European Union will today discuss a new Brexit delay after Boris Johnson tabled a dramatic third attempt to secure a general election in a Commons vote expected on Monday. With only a week to go before the scheduled October 31st deadline, Johnson yesterday demanded a 12th December vote to break the paralysis gripping British [...]
Opinion: Uncertain times are leading to London property ‘microclimates’ October 25, 2019 The fluctuations and instability experienced by the capital’s housing market continue to be underpinned by, for want of a better phrase, ‘Brexit uncertainty’. A market once dictated by patterns and trends has been shaken by political turbulence, leaving buyers and sellers with little direction on how to navigate it, which is ultimately resulting in inconsistencies [...]
December may not turn out to be the Brexit election after all October 25, 2019 I was 14 when I voted in my first election. Not for real, of course, but in a school-wide mock poll to get us all engaged with politics back in 2005. Sixth-form students assumed the role of candidates (one for each party) and published simplified manifestos based on what the national parties had put forward. [...]
Boris Johnson launches bid for Christmas election October 24, 2019 The Prime Minister’s pledge to take the UK out of the EU before Halloween “come what may” was left in tatters last night, after MPs blocked a key vote to fast-track his Brexit legislation. MPs voted in support of the Withdrawal Agreement Bill (WAB), notably 52-48 per cent in favour, but refused to back the [...]