Commercial real estate share prices suffer as future of the City hangs in the balance after the Brexit vote July 4, 2016 The share prices of commercial real estate share prices have suffered today after the Brexit vote put the future of London's financial district in peril. Liberum analysts said today that the risks surrounding commercial real estate have increased as the future of offices in the City is likely to remain uncertain for a long time. Read more: Nearly a [...]
Hiring fell flat in the face of referendum uncertainty July 4, 2016 Firms appear to have pressed pause on their hiring intentions in the run-up to last month's EU membership vote, figures out today suggest. The research from the Association of Professional Staffing Companies (Apsco), which represents staffing firms focused on hiring professionals, found that the number of permanent vacancies did not grow during May 2016. However, those looking for a [...]
Retail investors snap up shares in bumper week for trading platforms amid Brexit volatility July 1, 2016 Last week's referendum sparked waves of volatility on the financial markets, triggering interventions from the Bank of England and causing trading to be suspended on a handful of the UK's biggest companies. Banking shares were butchered. Housebuilders were demolished. But, the FTSE 100 now stands at a 10-month high after it became clear some of the big [...]
The Daily Mail and more senior cabinet ministers back Theresa May for the Conservative leadership July 1, 2016 Theresa May has stretched her lead as the frontrunner in the Conservative leadership race this morning, winning the backing of the Daily Mail, support from The Sun, and endorsements from more senior cabinet ministers. The home secretary, who announced her bid to succeed David Cameron in Westminster yesterday, was described as the only candidate with "the right qualities, [...]
Number 10 hosts business leaders for post-Brexit trade talks June 30, 2016 Number 10 held discussions with a host of business leaders this morning to discuss trade after Brexit. The UK is reportedly planning to launch trade missions to the US, China, India and Commonwealth nations as it prepares to leave the EU after last week’s vote. BP’s Bob Dudley, easyJet chief executive Carolyn McCall and others from [...]
A Labour MP has warned the party is not a safe space for British Jews after she was abused at the launch of an event into anti-Semitism June 30, 2016 A Jewish Labour MP abused at the launch of the Chakrabarti report into anti-Semitism has slammed leader Jeremy Corbyn, saying the party “cannot be a safe space for British Jews” under his leadership. Ruth Smeeth was accused of collaborating with a Daily Telegraph journalist to smear the party at an event this morning which saw [...]
What does the Brexit vote mean for the public finances? June 30, 2016 Economists have warned the government's debt pile is set to jump following the UK's decision to leave the European Union. With growth forecasts being slashed and many fearing the UK is on the brink of a recession, the chances of the UK eradicating its budget deficit by the end of the decade are look slimmer. [...]
At the close: FTSE 100 climbs out of the Brexit bloodbath after major losses in recent sessions June 28, 2016 The FTSE 100 bounced back today, as investors bought back into a market that had been heavily sold off in previous sessions. Just nine stocks finished in negative territory, pushing the blue-chip index up by 2.6 per cent to 6,140.39 points. Falls of over five per cent in the last two sessions had wiped nearly £100bn in value of from company market capitalisations. Insurers [...]
It’s the beginning of the end – either of Jeremy Corbyn or the Labour Party itself June 27, 2016 Nine months after being elected leader with the biggest mandate in the history of the Labour Party, Jeremy Corbyn stands on the precipice of being ousted from the post. Within hours of the Brexit result on Friday morning, rumours of impending shadow ministerial resignations began to circulate. Extraordinarily, more than two-thirds of the shadow cabinet [...]
Aston Martin sales rise as it reiterates plans to push ahead with a new plant in Wales June 27, 2016 The sky may be falling for many, but luxury car maker Aston Martin is doing a-ok, it said today: in fact, revenues rose almost nine per cent in 2015. The company, which last year produced a special limited-edition supercar just for James Bond's latest outing, Spectre, said full-year revenues rose to £510.2m in 2015. Meanwhile, adjusted [...]