Political News
Barclays ups price target but cuts rating for Derwent London
Barclays has cut its recommendation on London Derwent, despite upping its price target, pointing to a number of factors undermining the capital's otherwise strong office market.
UK property demand may be 'breaking through', says report
House prices in England and Wales returned to annual growth with a 0. 3% rise in May as foreign buyers returned to the property market and demand may be beginning to break through, according to a report released on Monday.
US Chamber of Commerce pushes for end to trade war
The US Chamber of Commerce called on the Trump administration to stop its trade war against China, pointing to an estimated $1trn in costs over the next decade as its main argument.
'Messy and disorderly Brexit remains main downside risk' to UK- BCC
The British Chambers of Commerce revised its medium-term growth forecasts for the UK lower, trimming its forecast for the rate of growth in GDP in 2020 to 1. 0%, from 1. 3%, and to 1. 2%, from 1. 4%, in 2021, blaming Brexit stockpiling for the downgrades in its latest economic forecasts released on Monday.
UK businesses should speed up no-deal Brexit preparations - IoD warns
UK businesses cannot afford to put their faith in politicians to produce a Brexit resolution so they should ramp up their preparations for a no-deal Brexit, warned the Institute of Directors on Friday.
Rouble strengthens after Russian central bank cuts rates, as expected
Russia's central bank took back its late 2018 pre-emptive interest rate hike as it revised its near-term forecasts for inflation and economic growth lower, leaving the door open to a another rate cut at one its next board meetings and a possible shift to a "neutral" policy before mid-2020.
Broadcom warns on impact of trade uncertainty, Huawei restrictions
US chip maker Broadcom turned cautious on the outlook for the back half of 2019 on Thursday, citing the "continued geopolitical uncertainties" and the impact of export restrictions on one of its largest customers, presumably Chinese telecoms equipment manufacturer Huawei.
US releases footage 'showing Iran removing mine from tanker'
The US military released video footage it claimed showed an Iranian military patrol boat approach one of two tankers attacked in the Gulf of Oman on Thursday as tensions increased in the region over the incident and oil prices rose.
London Metal Exchange bans booze in working hours
The London Metal Exchange has banned traders from drinking during working hours as the exchange tries to shed its reputation for boozy, sexist behaviour.
Brent crude oil futures jump on reports of tanker on fire in Sea of Oman
Crude oil futures jumped on the back of reports that two oil tankers off the coast of Fujairah, in the Sea of Oman, were on fire.
Johnson tops Tory leadership first round; McVey, Leadsom out
Boris Johnson predictably topped the first round of the Conservative Party leadership contest on Thursday as the only two female candidates were eliminated.
Trump doesn't specify deadline for new tariffs on China
US President Donald Trump declined to set a deadline on Wednesday for the latest tariffs he is planning to impose on Chinese goods.
Sajid Javid approves US extradition order for Julian Assange on spying charges
British Home Secretary Sajid Javid has signed the request for the extradition to the US of WikiLeaks founder Julian Assange where he will face charges of spying and computer hacking.
Help to Buy lending to people already able to buy a home - NAO
Almost a third of all buyers who bought their home under Help to Buy could have purchased a property without government support, the National Audit Office has found.
UK house market steadies in May - RICS
Delaying the UK’s planned departure from the European Union has helped steady the country's housing market, a survey claimed on Thursday.
One in six UK workers suffer insecure, low paid work
Around 5. 1m UK workers earn less than the real Living Wage and are in some form of insecure work revealed the latest research from The Living Wage Foundation.
UK unprepared for Oct 31 no-deal Brexit - report
Britain was still seriously under-prepared for a no-deal Brexit on October 31, according to a leaked Cabinet document published on Wednesday.
Johnson warns Brexit delays open door for Labour govt
Boris Johnson started his Conservative leadership campaign on Wednesday with a warning that delaying Brexit beyond October 31 would result in the defeat of the government.
UK government commits to net zero carbon emissions by 2050
The UK has committed to reach net zero carbon emissions by 2050 and will become the first G7 country to legislate the proposal.
Trump urges China to adhere to already agreed terms on trade or risk more tariffs
President Donald Trump said that China must adhere to the terms of the trade deal that it had agreed to earlier in 2019 or risk a no-deal and higher tariffs.