Retail sales decline slows in September September 25, 2019 Retail sales fell for the fifth consecutive month in September, however they declined at a slower pace than in August. Sales fell 16 per cent this month, compared to a drop of 49 per cent in August. Retailers said they expect sales volumes to fall by five per cent next month. Orders placed on suppliers [...]
FTSE 100 slides as Brexit and impeachment worries hit markets September 25, 2019 Britain’s FTSE 100 benchmark is braced for its worst day in a month after dipping this morning following dramatic political developments on both sides of the Atlantic yesterday. The blue-chip index opened 0.5 per cent down before sliding further to almost 0.9 per cent, with investors fearing news of an official impeachment inquiry into president [...]
Boris Johnson lands in UK as MPs prepare to grill him in parliament September 25, 2019 Boris Johnson’s RAF Voyager plane has touched down in London just over an hour before MPs are set to return to the House of Commons after yesterday’s Supreme Court ruling. Read more: Prime Minister flies into Brexit storm as Supreme Court rules prorogation unlawful The Prime Minister cut short his New York trip to face [...]
Mortgage approvals grow despite Brexit uncertainty September 25, 2019 The number of mortgages approved by banks grew last month despite the ongoing uncertainty surrounding Brexit. In total, 85,931 mortgages were approved by the main high street banks in August and mortgage approvals for home purchases were 3.2 per cent higher than the previous year as the 31 October Brexit deadline approaches. Read more: First-time [...]
London retains crown as best European city for real estate investment September 25, 2019 London has been ranked as the best European city for long-term commercial real estate investment potential for the third year running, helped by the strength of its tech sector. London was ranked first across five of six categories – inspiration, innovation, interconnection, infrastructure and investment – and was ranked second for the final category, inclusion. [...]
Boris Johnson flies into Brexit storm after Supreme Court rules prorogation ‘unlawful’ September 25, 2019 Boris Johnson cut his New York trip short, flying back to the UK overnight amid an unprecedented constitutional crisis following yesterday’s Supreme Court ruling. The Prime Minister insisted he “strongly disagrees” with the judgement that prorogation was “unlawful, void and of no effect”, and reiterated his commitment to leave the EU by 31 October. But [...]
Hornby wants to build a Brexit model train that doesn’t work September 25, 2019 Toy train maker Hornby has said it regrets “not producing a Brexit-themed model” in a trading update issued to investors ahead of its AGM later today. “We regret not producing a Brexit themed model. Our new grasp of social media has shown us that people are passionate about sharing their views on the topic,” Hornby [...]
Passenger growth at Southend airport helps Stobart Group make ‘considerable progress’ September 25, 2019 Stobart Group has said it is trading in line with expectations and has made ‘considerable progress’ during the first half of the year. The aviation, energy and civil engineering group suffered a bruising boardroom battle last year, resulting in the ousting of former boss Andrew Tinkler. Read more: Eddie Stobart confirms takeover interest from Andrew [...]
This is no time to turn fire on the judiciary September 25, 2019 The decision of the Supreme Court to find Boris Johnson’s conduct unlawful was truly momentous and will have consequences not just for immediate political considerations but for the future understanding of our constitution. The judgment itself also allowed those who would seek it to find some perspective, relying as it did on a court ruling [...]
Watch out for the unintended ripples of the Supreme Court verdict September 25, 2019 There are times in the life of a nation when a single decision made by an authority can have ramifications well beyond the narrowness of the issue at hand. When the US Supreme Court decided in Roe versus Wade in 1973 that a pregnant woman should have the freedom to choose to have an abortion [...]