Brexit: EU online deliveries to UK have halved April 8, 2021 Online deliveries to the UK from Europe have plunged 50.7 per cent in the first quarter of 2021, according to e-commerce shipping platform Sendcloud. New shipping requirements and extra VAT costs have drastically cut EU to UK shipments compared to the final quarter of last year. The new data has stressed the delivery issues online [...]
Cement the Special Relationship with some American Whiskey March 30, 2021 Earlier this month the Biden administration announced it was suspending Trump-era tariffs on the import of Scotch whisky to the US, reducing the price of single malts for American consumers. If you wanted to reciprocate, there are many long-established American whiskeys you could purchase, but if you’re willing to try something new, your adventurous spirit [...]
Before the Bell: DAX set for a record open as margin call concerns subside March 30, 2021 If markets were worried about the spill over effects from Friday’s $20bn block trade margin call, and the potential spill overs from the Ever Given container ship getting stuck in the Suez Canal, then yesterday’s price action suggested the fallout was fairly contained. European markets finished yesterday’s session broadly higher, while US markets finished the [...]
Markets A.M. – Attention shifts to credit data with UK-EU vaccine row set to continue March 29, 2021 US markets once again finished a rather choppy week on a high, with the S&P500 setting another new record, and both the Nasdaq and Russell 200 also posting strong gains in the last hour of trading, in a broad-based uplift across the board. In a week that saw optimism and pessimism in equal measure, stock [...]
City A.M. TV: Daily Market Snapshot (video) March 26, 2021 Since the Fed’s reiteration of its super dovish stance last week (Wednesday), global markets have struggled, up until yesterday. With that, there has been marked rotation out of many of the recently popular (reflation) trades and into unloved parts of the global markets. Many of the key mid cap country equity indices, for example, have [...]
UK to launch four regional trade hubs in bid to aid Covid recovery March 23, 2021 The government is creating four regional trade and investment hubs to lift economic growth across the UK. International Trade Secretary Liz Truss said on Tuesday that the hubs would be in Belfast, Cardiff, Darlington and Edinburgh. The government said they will provide support to help regional businesses to access major trade markets and boost exports. [...]
Before the Bell: Europe set for positive start as China data points to choppy recovery March 15, 2021 While US markets by and large have managed to retain their resilience, with new record highs for the Dow, S&P500 and Russell 2000 last week, the gains have been notably in sectors left behind by the huge tech rally that has help support most of the move higher in US equities over the last few [...]
Farmers union slams free pass for EU imports as UK food exports face red-tape and higher costs March 12, 2021 Farmers union pleads for level playing field on EU imports as food exports face financial barriers
Branston pickle, Cadbury flake and crumpets among top five UK exports expats craved during pandemic March 11, 2021 Demand for UK food from exporter British Corner Shop surges in US amid revenue rise by 150 per cent
UK-Kenya trade deal ratified overnight despite ongoing legal challenge March 11, 2021 In a surprise twist, Kenyan MPs ratified late on Tuesday evening the Kenya-UK trade agreement, paving the way for a duty-free trade economic framework between the UK and the East African country. The outcome of the vote was only made public yesterday. Adan Haji, chairman of the Kenyan parliament’s trade committee, reputedly managed to persuade [...]