Sterling slips back from $1.30 after John Bercow blocks Brexit vote October 21, 2019 Sterling dropped back from a six-month high against the dollar this afternoon after House of Commons speaker John Bercow refused to let the government put its deal to parliament for the second time in three days. Read more: Speaker Bercow could obstruct Boris Johnson’s bid for Brexit deal vote The pound opened around 0.6 per [...]
Speaker John Bercow blocks vote on Boris Johnson’s Brexit deal October 21, 2019 Speaker John Bercow has rejected the government’s request for a meaningful vote on Boris Johnson’s Brexit deal today. Bercow denied the government a second vote on Prime Minister Boris Johnson’s withdrawal agreement after Johnson first put it to parliament in a special sitting on Saturday. Read more: Sterling trades around $1.30 as markets optimistic of [...]
Saks owner Hudson’s Bay agrees to go private October 21, 2019 Hudson’s Bay Company (HBC), the owner of New York department store Saks Fifth Avenue, has agreed to be bought by a group of investors led by its executive chairman. The investor consortium led by Richard Baker, who currently owns 6.32 per cent of the firm, has made an offer to buy the shares of HBC [...]
Standard Chartered boss ‘to take pay cut’ after investor revolt October 21, 2019 The boss of Standard Chartered is reportedly planning to take a pay cut in an effort to pull the curtain down on one of the firm’s largest corporate fallouts in recent years. Chief executive Bill Winters is preparing to accept a voluntary cut in pay following a shareholder rebellion over the bank’s remuneration policy, according [...]
Fintech Ebury expands international reach with acquisition of Frontierpay October 21, 2019 Ebury has acquired international payroll payments provider Frontierpay as the London-based fintech seeks to expand internationally. Ebury, one of Europe’s largest fintech firms, offers foreign exchange services and trade finance to small and medium sized businesses designed to make it easier for businesses to trade internationally. Read more: London overtakes New York to steal global [...]
Brexit: Scottish court delays decision over Benn Act letter October 21, 2019 Scotland’s highest court has delayed making a decision about whether the Prime Minister fully complied with the law when he wrote an unsigned letter requesting a Brexit extension. Boris Johnson was forced to write a letter to European Council president Donald Tusk after losing a key vote in the Commons on Saturday afternoon. The unsigned [...]
UK house prices suffer slowest October rise since 2008 October 21, 2019 Prospective home buyers have been undeterred by the approaching Brexit deadline, while sellers have been put off by ongoing uncertainty over UK house prices, according to Rightmove. The price of property coming to market has seen its lowest monthly rise at this time of year since October 2008. Prices are up 0.6 per cent this [...]
Industrial real estate funds to double inflows October 21, 2019 Global industrial real estate funds could double the amount they raise this year as investors target warehouse and logistics assets. Research showed that specialist industrial property funds are projected to raise $6.4bn in 2019, up 120 per cent from inflows of $2.9bn last year driven by the yield available on logistics property. Read more: Land [...]
Government warns any changes to Brexit bill may risk ratification October 21, 2019 The government has warned MPs that any changes to its forthcoming Brexit bill may risk ratification, as it seeks to press ahead with leaving the EU by Hallowe’en. The Brexit bill, formally known as the Withdrawal Agreement Bill, is due to be published later today ahead of a second reading in the Commons tomorrow. It [...]
Brexit secretary tells MPs: Back landmark Brexit bill if you want to leave EU by Halloween October 21, 2019 The government has confirmed it will bring forward its “landmark Brexit bill”, as it continues to press ahead with its aim of leaving the EU by 31 October. The bill, which will enshrine Boris Johnson’s 11th-hour deal in law and pave the way for a Hallowe’en departure from the EU, is being introduced today ahead [...]