Jo Johnson has signalled that more ministers may be poised to quit over Prime Minister Theresa May’s Brexit plans. Mr Johnson, whose bombshell resignation as transport minister took Westminster by surprise, said if other senior Tories followed suit, “good on them”. Calling for a second referendum to be held on Brexit, Mr Johnson denounced the […]
Brexit has thrown up all manner of challenges. Where share sales and purchases are settled is just another one of them. Regina Breheny said that while it shouldn’t be an onerous task to transfer the settlement of shares to Brussels, the time line could be an issue. “It will be resolved, but it’s tight,” she […]
NEW YORK (Reuters) – Stocks around the globe suffered their biggest drop in two weeks on Friday as weak Chinese economic data sapped demand for equities while oil prices weakened again on Friday. U.S. stocks were broadly lower, with energy shares .SPNY falling more than 1.0 percent as benchmark Brent crude oil saw a six-month […]
FRANKFURT (Reuters) – Two of the world’s biggest economies probably shrank last quarter, further proof that global growth is now past its peak and the risk of a downturn is rising. Germany and Japan are both expected to report negative growth figures in the coming days and even if a slew of one-off events are […]
Supermarkets including Tesco, Sainsbury’s and the Co-op went to the Court of Appeal after a ruling last year upheld a decision in 2013 that ATMs built into the front of a shop or petrol station should have a separate business rates bill. The government’s Valuation Office Agency (VOA) was refused leave to appeal though it […]
LONDON (Reuters) – Global stocks are on track for their biggest drop in two weeks while oil prices held near six-month lows on Friday as a confident U.S. central bank and weak Chinese data hit demand for risky assets. While the decision to hold interest rates by the U.S. Federal Reserve was anticipated by markets, […]
The cleaning up of legacy debts and the maintenance of the financial crisis recovery here are preconditions for the entry of new lenders into the Irish market, Central Bank of Ireland governor Philip Lane has said. Speaking at an event at the Dublin Chamber of Commerce this morning, Mr Lane said that the crash resulted […]
SHANGHAI (Reuters) – China is gearing up for the biggest shopping event of the year on Sunday, a day dominated by e-commerce giant Alibaba Group Holding Ltd (BABA.N) which saw $25 billion worth of goods sold on its platforms alone in the 24-hour period last year. Akin to Black Friday and Cyber Monday in the […]
It found store openings continued to lag the pace of closures in a period that saw several household names disappear and others seek emergency rescue deals to stay afloat. According to the analysis of 500 high streets by accountancy specialist PwC and the Local Data Company, 2,692 stores were shut between January and June. Just […]
SINGAPORE (Reuters) – Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by 20 percent since early October. U.S. West Texas Intermediate (WTI) crude oil futures were at $61.63 per barrel at 0125 GMT, down 4 cents from their last settlement. Front-month […]