Brexit News Archive: 06 Aug 2016

You're the reason the stock market is hitting record highs

There is lots of negative news out there right now. From Brexit to China to oil to Turkey to the rise of populism, you'd think there are plenty of reasons for the stock market to fall back from record highs. Yet the market marches on, confounding hedge funds that are ...
Money Game   |   Sat, 6 Aug 2016 12:24:00

RBS Posts Big Loss, Issues Grim Outlook

Posts Huge Loss, Issues Grim Outlook Shares in RBS fell sharply after the bank recorded a net loss of more than $2.2 billion in the first half, with management painting a bleak outlook in the wake of a U.K. interest-rate cut and Brexit.RBS Posts Big Loss, Issues Grim Outlook Shares ...
WSJ   |   Fri, 5 Aug 2016 20:06:53

Off The Cuff: Yes, Central Banks Are Injecting $180 Billion Per Month

In this week's Off The Cuff podcast, Chris and John Rubino discuss: $180 Billion Per Month In Global Stimulus The world is awash in free money Is Helicopter Money For The Public Coming Soon? Quite possibly Rage Against The Status Quo Is Building It explains Trump, Brexit, Le Pen, and ...
Peak Prosperity   |   Fri, 5 Aug 2016 19:28:06

RBS posts £2bn half-year loss and drops Williams & Glyn flotation

Bailed-out bank takes fresh hit for legal disputes and says more cost cuts needed to counter economic impact of Brexit vote Royal Bank of Scotland has slumped to a £2bn half-year loss after taking a fresh hit for legal disputes, as it admitted costs will have to be cut to ...
Jill Treanor / Guardian   |   Fri, 5 Aug 2016 17:30:49

Dave's New Landlord Blasted Brussels and Talked Up Brexit

David Cameron's new landlord reckons Britain will be "richer" and "more plentiful" outside the EU. Dave and the family have moved into a three-storey end-of-terrace house in Chelsea, which would usually rent for Its owner Dominic Johnson is an old friend and is letting the Camerons stay there for free. ...
Guy Fawkes' blog   |   Fri, 5 Aug 2016 14:03:53

Brexitwatch: Carney acts as recession fears grow

More than a month has passed since the historic vote to leave the European Union and some of the economic repercussion are becoming clearer. House prices ease Average UK house prices fell 1% last month, according mortgage lender Halifax. A house in the UK now costs £214,678, or £2,000 less ...
Proactive Investors   |   Fri, 5 Aug 2016 11:26:00

UK permanent staff recruitment falls at sharpest rate in seven years

The number of people placed in permanent jobs by recruitment agencies fell sharply in July amid heightened uncertainty following the Brexit vote. Placement volumes declined at the steepest rate in over seven years as employers hit the brakes on hiring activity.
Markit   |   Fri, 5 Aug 2016 11:20:24

GBP: Downward pressure likely to continue - BNZ

Jason Wong, Currency Strategist at BNZ, suggests that the market's playbook in the post-Brexit world has been to buy equities, bonds and risk currenci
Sandeep Kanihama / FX Street   |   Fri, 5 Aug 2016 11:19:48

Should you cash in final salary pension?

Transfer values are hitting record highs after Brexit vote
FT   |   Fri, 5 Aug 2016 10:39:34

Brexitwatch: How is the UK doing?

The BBC looks at the latest impact of the Brexit vote on the UK's economy, and housing and jobs markets.
BBC   |   Fri, 5 Aug 2016 10:19:33

Grafenia hit by slow July sales warnings

Printing and graphics supplies specialist Grafenia (LON:GRA) cautioned sales had been slower than expected following Brexit, sending its share price tumbling. In June, the company had warned trading conditions were challenging and today said July had been below budget and behind the same period last year. "Overall, whilst we remain ...
Proactive Investors   |   Fri, 5 Aug 2016 09:50:00

Wealth Adviser Daily Briefing: Aggresive Monetary Policy, Merrill's 'Boomerang' Broker

WSJ Wealth Adviser highlights some of the top news and analysis for wealth advisers and their clients, with pieces today on the Bank of England's attempt to counteract the shock of Brexit, how one former Merrill Lynch broker found his way back and on tips on how RIAs can stand ...
MoneyBeat   |   Fri, 5 Aug 2016 09:30:46

Trident in a time warp: party politics vs defence needs

As Britain and Europe reeled from Brexit Theresa May rushed through the vote on Trident replacement. Was this strong leadership or our human security being sacrificed to expediency? Part 1. Trident Nuclear Submarine HMS Victorious. Defence Images/Flickr. Some rights reserved. In her first parliamentary debate as Conservative leader, the new ...
Open Democracy   |   Fri, 5 Aug 2016 08:27:33

RBS deep in red as provisions keep on rising

Royal Bank of Scotland (LON:RBS) racked up another quarterly loss as hefty litigation and mis-selling provisions were accompanied by a warning of more to come. The UK taxpayer-owned bank posted a £1.08bn deficit (£280mln profit) in the three months to June and said Brexit would make it more difficult to ...
Proactive Investors   |   Fri, 5 Aug 2016 08:08:00

RBS blames £2bn half-year loss on string of legal challenges

Loss pinned largely on PPI mis-selling compensation as Bank warns Brexit uncertainty could further knock its business Royal Bank of Scotland has slumped to a £2bn loss in the first half of 2016 after taking a hit over a string of legal issues, including payment protection insurance mis-selling. The bank, ...
Jill Treanor / Guardian   |   Fri, 5 Aug 2016 06:53:16

The BoE and those companies materially contributing to the UK

Mark Carney is still giving more details of today's policy actions (press conference here). But for now, if you're a company considering leaving Britain because of Brexit, perhaps take a good hard look at this from the August 2016 inflation report: Continue reading: The BoE and those companies materially contributing ...
Izabella Kaminska / FT Alphaville   |   Thu, 4 Aug 2016 11:50:28

Let young people move: why any post-Brexit migration deal must safeguard youth mobility

Restrictions on free movement are likely to be an important aspect of the UK's new relationship with EU countries post-Brexit. Richard Bronk argues that safeguarding youth mobility should be a major principle behind any immigration reforms. He explores the economic, political and social case for preserving it, before suggesting some ...
Blog Admin / British Politics and Policy at LSE   |   Tue, 2 Aug 2016 09:00:30

Post-Brexit, London's Financial Center Has English Law on Its Side

ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesPost-Brexit, London's Financial Center Has English Law on Its Side In its battle to keep financial institutions in London, Britain has an overlooked ally: English law.Post-Brexit, City of London Has English Law on Its Side In its ...
WSJ   |   Fri, 29 Jul 2016 03:16:25

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: 06 Aug 2016     |     enquire