Brexit News Archive: 23 Jul 2016

'Dividend' and Conquer: Dividend-Focused Index Investing Outperforms

Note: This article is courtesy of By Nasdaq Global Information Services New Research Shows that Dividend-Focused Stocks Bring High Performance and Low Volatility As we've seen with the aftermath of the U.K.'s Brexit vote, one event can drive volatility in the markets quickly and significantly. Those who play the ...
ETF Trends   |   Sat, 23 Jul 2016 15:00:56

Cambridge's Silicon Fen shaken by the winds of change

The takeover of ARM by Japan's SoftBank has added to unease in Cambridge over the city's growing pains and the potential risks of Brexit The crown jewel of Britain's technology sector might be heading to Japan via a £24bn takeover but it seemed to be business as usual in ARM ...
Terry Macalister / Guardian   |   Sat, 23 Jul 2016 15:00:03

Daily Digest 7/23 - Retirement Dreams And Nightmares, Travel And The Zika Virus

Summer Travel And The Zika Virus Delayed, Denied, Dismissed: Failures on the FOIA Front UK economy suffered 'dramatic deterioration' after Brexit vote – Markit Retirement Dreams And Nightmares In China meeting, G20 has chance to soothe post-Brexit jitters Special K ads banned over health benefits claims Join the conversation ...
Chris Martenson   |   Sat, 23 Jul 2016 14:51:27

Bill Morneau says Canadian economy to rebound this year

Canada's economy should rebound "over the course of the year" from the impact of the Fort McMurray, Alta., wildfire, Finance Minister Bill Morneau said on Saturday on the sidelines of a G20 meeting in Chengdu, China.
Reuters / CBC   |   Sat, 23 Jul 2016 12:20:58

10 Weekend Reads

The weekend is here! Pour yourself a mug of Major Dickson blend, grab a seat outside, and get ready for our longer form weekend reads • The Folly of Stock Market Forecasting (Alpha Architect) • Brexit Blues (London Review of Books) • My Investing Mentors (Irrelevant Investor) see also Investor's ...
The Big Picture   |   Sat, 23 Jul 2016 12:00:36

The UK politics podcast

Theresa May and Brexit, plus Jeremy Corbyn vs Owen Smith
FT   |   Sat, 23 Jul 2016 10:29:42

What's hot and what's not in fintech, according to a VC with $100 million to spend

Santander has given its fintech-focused venture capital firm InnoVentures another $100 million ($131 million) to invest after impressing with its initial investments. Santander InnoVentures has spent just over 50% of the $100 million initially allocated to the fund, which started out in 2014. The rest of that first tranche of ...
Business Insider   |   Sat, 23 Jul 2016 10:27:00

Why your NHS surgeon could be a robot in the future

Day-to-day interactions between humans and machines may well become commonplace in hospitals within a decade Long waiting times, staff shortages, exorbitant agency fees, doctors' working hours: it's no secret that the NHS is facing a labour crisis. Post-Brexit it could very well get worse, with the NHS Confederation now warning ...
Oliver Balch / Guardian   |   Sat, 23 Jul 2016 07:00:33

IMF calls for more government spending as rate cuts lose their impact

Global growth remains weak and risks have risen after the Brexit vote, says IMF, as it calls for more infrastructure spending The International Monetary Fund has called on G20 nations to boost government spending as the impact of ultra-low interest rates begins to reach its limits in developed countries. Central ...
Reuters / Guardian   |   Sat, 23 Jul 2016 06:02:18

It's summer! Here's how to get the best deal for your travel money

After Brexit sent sterling diving, and with the school holidays starting, we look at what cards you should use abroad and where to get cash Twelve months ago, British holidaymakers were enjoying some of the best deals on their holiday money for many years. Sterling was riding high, with £1 ...
Patrick Collinson / Guardian   |   Sat, 23 Jul 2016 05:59:32

Market Recap Jul 22, 2016

It was a slow and steady uphill climb Friday as the cool and calm rally continues. The S&P 500 popped 0.46% and the NASDAQ 0.52%. This is the fourth straight week of gains as the Brexit was clearly a devastating blow an overblown financial media event, as it related to ...
Stock Trading To Go   |   Fri, 22 Jul 2016 23:36:48

UK Mutual Funds Teach A Lesson - If You Can't Touch It, You Don't Own It

UK Mutual Funds - If You Can't Touch It, You Don't Own It by Jeff Thomas, Sprott Money The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, [...]
Value Walk   |   Fri, 22 Jul 2016 21:21:12

Johnson expects City to keep passporting

New foreign secretary says Brexit can be 'fantastic thing' for UK finance
FT   |   Fri, 22 Jul 2016 21:20:07

Coming home?

What will Brexit mean for small towns in Poland that have seen their populations shrink as people left to live and work elsewhere in the EU?
BBC   |   Fri, 22 Jul 2016 21:08:31

Jitters in London luxury flat market as investors sell for 'bargain' prices

Apartments bought off-plan offered for sale at less than price originally agreed with developers as data suggests Brexit vote could cause housing sales slump The first real signs of distress in the market for luxury London apartments are starting to emerge, as investors who agreed to buy homes off-plan are ...
Hilary Osborne / Guardian   |   Fri, 22 Jul 2016 18:59:09

EUR/USD headed toward first close under 1.1000 since early March

EUR/USD broke to the downside during Friday's American session and fell to 1.0955, reaching the lowest level since the Brexit referendum results...
Matías Salord / FX Street   |   Fri, 22 Jul 2016 18:57:54

2:00PM Water Cooler 7/22/2016

Today's Water Cooler: TPP and Brexit, all Trump, all the time, Musk's plan, natural interest rate, crapification, political risk, Pokemon
Naked Capitalism   |   Fri, 22 Jul 2016 18:00:37

Tough competition hits American Airlines

Top US carrier predicts Brexit could boost transatlantic traffic in the near term
FT   |   Fri, 22 Jul 2016 16:49:35

London stocks end mixed after dire PMI data but hopes of fiscal and monetary stimulus

London shares ended mixed on Friday after the first grim data since the Brexit vote pushed sterling lower gave blue-chip stocks a boost but punished UK-centric midcaps. The FTSE100 index ended up 0.5% at 6,730 - its highest close since early August 2015 - while the midcap FTSE250 index was ...
Proactive Investors   |   Fri, 22 Jul 2016 16:31:00

What can we expect from pensions policy after Theresa May's reshuffle?

In the wake of the Brexit vote, the government has been radically overhauled. Two former pensions ministers tell James Phillips how this affects pension policy.
Professional Pensions   |   Fri, 22 Jul 2016 15:32:00

4 Big Dividend Stocks With Upside to Buy in a Very Overbought Market

The post-Brexit rally has been outstanding, and taking profits now makes very good sense. The question is what to do with the proceeds. CTL GM IVZ KSS 247lee GMC Sierra pickup
24/7 Wall St.   |   Fri, 22 Jul 2016 15:05:42

Michael Moore Thinks Trump Is Going To Win

Liberal filmmaker shocks Bill Maher's audience, and compares Trump's appeal to 'Brexit.'
Curt Mills / U.S. News   |   Fri, 22 Jul 2016 13:17:59

Frontrunning: July 22

Global stocks fall, UK PMIs flash Brexit recession warning (Reuters) Trump's greatest hits, all in one speech (Reuters) Donald Trump Accepts GOP Nomination, Promises to Fix America (WSJ) Trump's America Grows More Ominous Over 13-Month Run (BBG) Hillary Clinton: unwitting star of the Republican convention (FT) Clinton faces pressure to ...
Zero Hedge   |   Fri, 22 Jul 2016 11:36:42

The Post-War political world is unravelling, but it might not be all bad news economically

The world is moving on from Brexit now, just about. Theresa May's been off to see European power-broker Chancellor Merkel and in true European style it's been agreed that the issue will be kicked down the road, to early 2017 at the very least. Does that mean Brexit won't now ...
Proactive Investors   |   Fri, 22 Jul 2016 11:27:00

UK downturn, Zimbabwe loyalists rebel and France's de-radicalising imam

Post-Brexit survey shows economy has had its sharpest drop since 2009
FT   |   Fri, 22 Jul 2016 11:20:06

Inflation and what it means for your finances

The fall in sterling since the Brexit vote makes higher prices more likely
FT   |   Fri, 22 Jul 2016 10:47:03

If You Can't Touch It, You Don't Own It

If You Can't Touch It, You Don't Own ItPosted with permission and written by Jeff Thomas (CLICK HERE FOR ORIGINAL) The pending Brexit has, not surprisingly, caused a shakeup in the investment world, particularly in the UK. Of particular note is that, recently, asset management firms in Britain began refusing ...
Zero Hedge   |   Fri, 22 Jul 2016 09:31:32

London's future

Five scenarios for the city post-Brexit, from a 'renationalised' British capital to a European enclave
FT   |   Fri, 22 Jul 2016 09:22:06

Mark Carney has seeded a revolution by embracing fintech

The Governor of the Bank of England acted quickly to stem the Brexit panic. Now, he can and should do more
ALEX TAPSCOTT / Globe and Mail   |   Fri, 22 Jul 2016 09:00:00

FTSE 100 Index falls as UK manufacturing slumps

Markets opened lower on Friday as UK manufacturing activity nosedived following the 'Brexit' EU referendum result. The FTSE 100 Index was 15.32 points adrift at 6684.57 and the FTSE 250 was off 29.2 points at 17018.21, although the small-cap FTSE AIM All-Share gained 1.38 points to 739.65. UK manufacturing purchasing ...
Proactive Investors   |   Fri, 22 Jul 2016 08:49:00

FTSE falters as Mark & Spencer drops 2.5% on sales and cost concerns

Barclays analysts slash price target for retailer and expects "painful transition" Leading shares are heading lower into the weekend, slipping further back from their 11 month highs as investors pause for breath after the post-Brexit gains. Marks & Spencer is the biggest faller, down 8.2p or 2.5% to 320.3p as ...
Nick Fletcher / Guardian   |   Fri, 22 Jul 2016 08:32:33

In the papers: Poundland, Terra Firma, Sichuan Guodong Construction

The Times Brexit fears have been overblown, Draghi says: Mario Draghi played down fears about the wider impact of Brexit as he urged people to take warnings of a severe economic slowdown with a "grain of caution". Poundland error costs Canada Life a pretty penny: Canada Life was left embarrassed ...
Proactive Investors   |   Fri, 22 Jul 2016 08:25:00

From Brexit to Trump: Why mobilising anger in a constructive way is now one of the key challenges in modern politics

By Sonja Avlijaš Following Brexit, anger is palpable and omnipresent. Scrolling through Twitter as I write this, I find countless examples of anger on social media: Brexit was a cry of anger and frustration, anger of those left behind by globalisation, working-class anger, nationalist anger, Europeans ... Continue reading →
LSE Euro Crisis   |   Fri, 22 Jul 2016 08:15:45

"The European Union In Crisis - Is Flexible Integration The Way Forward?" by Daniel Seikel

The UK's Brexit referendum is the latest and most eminent manifestation of the European Union's severe crisis of legitimacy. An ever-increasing number of Europeans fundamentally question European integration. Without legitimacy - i.e. the acceptance and support of the Europeans - the EU has no future. The right lesson to draw ...
Social Europe Journal   |   Fri, 22 Jul 2016 08:00:14

Profit-taking into the week-end, Sir?

FTSE 100 called to open -10pts at 6690, having traded sideways 6675-6690 overnight after breaking back below 6700 late yesterday. July rising lows may no longer be valid now but we note a rising channel from early May (albeit with a June Brexit interruption) with a floor around 6655 that ...
Proactive Investors   |   Fri, 22 Jul 2016 07:53:00

Chancellor may 'reset' economic policy in Autumn Statement

Chancellor Philip Hammond says he may 'reset' Britain's fiscal policy in the Autumn Statement if post-Brexit data indicates it is necessary.
BBC   |   Fri, 22 Jul 2016 07:39:08

Carry on in the G10 while you still can - TDS

Mark McCormick, North American Head of FX Strategy at TDS, suggests that since the initial jolt from Brexit, the major currency markets have been livi
Sandeep Kanihama / FX Street   |   Fri, 22 Jul 2016 07:31:13

It's a negative yielding world, we just get to scramble in it

Here's a rough piece of calculation based on the last few years of news: When x happens, yields fall. An example of this post-GFC rule-of-thumb was Brexit and its fallout. The potential lesson from said rule is that yield hunting isn't fun anymore, say Credit Suisse's William Porter and team, ...
FT Alphaville   |   Fri, 22 Jul 2016 07:12:01

FT Opening Quote: A bad week for Mike Ashley

MPs lambast Sports Direct's Mike Ashley, Heathrow's Brexit boost and good news at Vodafone. FT Opening Quote is your early Square Mile briefing. You can sign up for the full newsletter here. Continue reading: FT Opening Quote: A bad week for Mike Ashley
FT Alphaville   |   Fri, 22 Jul 2016 07:08:42

French business activity resilient despite attack

French business activity has held up better than expected in July despite the Bastille Day truck attack in Nice and concerns about Britain's decision to leave the European Union, a survey showed on Friday.
CNBC   |   Fri, 22 Jul 2016 07:07:00

Can sponsor covenants withstand further market volatility?

The Brexit vote has increased the strain on companies funding DB funds. Kristian Brunt-Seymour explores how schemes can contingency plan in the face of uncertainty.
Professional Pensions   |   Fri, 22 Jul 2016 06:55:00

Elite crew to steer City through Brexit

Impressive roster of senior financiers to co-ordinate contact with ministers
FT   |   Thu, 21 Jul 2016 23:10:31

What to watch for at the ECB meeting

Draghi set to wrestle with Brexit economic fallout, QE headaches and problems with Italian banks
FT   |   Thu, 21 Jul 2016 04:32:10

IMF cuts UK growth forecasts following Brexit vote

Predictions revised down from April as IMF says EU referendum result has 'thrown a spanner in the works' of global recovery The International Monetary Fund has slashed its forecast for UK growth next year after warning that the decision to leave the EU had damaged the British economy's short-term prospects ...
Larry Elliott Economics editor / Guardian   |   Tue, 19 Jul 2016 23:10:15

Brexit News Archive: 23 Jul 2016     |     enquire