Political News
Tuesday preview: UK Parliament, IQE in focus
Investors' attention will be trained on Parliament on Tuesday as MPs return from the summer recess with possibly as little as a week to try and head off the risk of a 'no deal' Brexit, be it through the legislative path or via a successful no-confidence vote against Boris Johnson.
Morgan Stanley downgrades LondonMetric to 'underweight'
Analysts at Morgan Stanley downgraded its recommendation on British property group LondonMetric from 'equal-weight' to 'underweight' on Monday as part of a research note on the wider sector, saying the firm's valuation looked "extended" when viewed in a historical context.
Tata Steel to close Newport factory leaving 380 unemployed
India's Tata Steel is set to close its factory in Newport, south Wales risking leaving around 380 people unemployed.
House prices could fall by 20% in wake of no-deal Brexit - KPMG
New analysis by KPMG revealed the potential for a decline of around 6. 0% in UK house prices in 2020 after a no-deal Brexit with scope for a drop of as much as 20% depending on how exactly economic agents reacted.
NGOs call for massive increase in UK funding to tackle climate crisis
Britain’s biggest environmental groups have written to Chancellor Sajid Javid on Monday to request that the £17. 0bn budgeted for the fight against climate change over the next three years be more than doubled to £42. 0bn.
PM threatens to 'purge' rebel Conservatives over upcoming Brexit vote
UK Prime Minister Boris Johnson has vowed to purge Conservative rebels, including former ministers such as Philip Hammond, from his party if they vote against a no-deal Brexit on Thursday.
Pound set for 'turbulent week' amid Brexit showdown
The British pound was under pressure on Monday as traders prepared for a potentially messy week of Brexit debate after a weekend filled with speculation that there may be an early election.