Brexit News Archive: 23 Feb 2017

Enda Kenny calls for united Ireland Brexit clause

Irish prime minister wants easy EU access for Northern Ireland in case of unification
FT   |   Thu, 23 Feb 2017 19:42:59

Irish Leader Calls for United Ireland Provision in Brexit Deal

The Guardian. UK.
The Guardian. UK. / World Affairs   |   Thu, 23 Feb 2017 16:19:02

Morgan Stanley weighs initial 300 Brexit job moves: report

Morgan Stanley is reportedly looking for office space in either Frankfurt or Dublin to base its European Union hub
Anjuli Davies / Globe and Mail   |   Thu, 23 Feb 2017 14:02:28

REPORT: Morgan Stanley is set to move 300 jobs from London to Dublin or Frankfurt because of Brexit

LONDON - US banking giant Morgan Stanley is planning to move 300 jobs out of London as a result of the Brexit vote, and has already started looking for office space in a number of European cities, according to a report from Bloomberg. The bank, which employs around 6,000 people ...
Business Insider   |   Thu, 23 Feb 2017 12:40:10

EU risks more Brexits without strategy change - Padoan (3)

Paris, February 23 - Italian Economy Minister Pier Carlo Padoan said Thursday that Brexit may not end up being an "isolated case," arguing that the European Union risked "other departures" without a "drastic" change of strategy. Padoan was speaking in Paris, where is taking part in the Capital Marke
Gazzetta Del Sud   |   Thu, 23 Feb 2017 11:00:00

EU risks more Brexits without strategy change -Padoan

Paris, February 23 - Italian Economy Minister Pier Carlo Padoan said Thursday that Brexit may not end up being an "isolated case," arguing that the European Union risked "other departures" without a "drastic" change of strategy. Padoan was speaking in Paris, where is taking part in the Capital Marke
Gazzetta Del Sud   |   Thu, 23 Feb 2017 10:31:00

Barclays' profits almost triple - but chairman admits it still faces challenges

Bank says it needs to resolve ongoing issues in US and UK, as well as 'mitigate the risk' of Brexit Barclays is still facing hefty fines and penalties, its chairman admitted on Thursday as the bank reported its profits in 2016 almost tripled. John McFarlane said the bank still faces ...
Jill Treanor / Guardian   |   Thu, 23 Feb 2017 09:10:57

Barclays nearly trebles pre-tax profits to £3.2 billion while it keeps quiet about Brexit

Barclays reported a surge in pre-tax profit in 2016, reaching £3.2 billion from £1.1 billion the year before. It also managed to reduce the amount it spent in customer compensation for mis-selling scandals, such as payment protection insurance, from £2.7 billion to £1 billion. "A year ago we laid out ...
Business Insider   |   Thu, 23 Feb 2017 07:10:33

Brexit could help EU strike free trade deal with India, MEPs believe

Leaked document suggests Indian tariffs on scotch and Theresa May's visa rules for skilled Indians had been impeding progress The EU believes it may stand a better chance of striking a free trade deal with India after the UK leaves the union, despite the importance Britain attaches to trade with ...
Daniel Boffey in Brussels / Guardian   |   Thu, 23 Feb 2017 06:00:06

EU residence processing surges after Brexit vote

Administrative demand puts pared-back Home Office under strain
FT   |   Thu, 23 Feb 2017 05:00:03

Ukip faces moment of truth in Stoke by-election

Success in Labour heartlands vital if anti-EU party to broaden appeal beyond Brexit
FT   |   Thu, 23 Feb 2017 04:22:00

Bank of England stands up for London's euro clearing crown after Brexit

Dragging euro clearing out of London after Brexit could pose a risk to global financial stability and push up transaction costs, according to a deputy governor of the Bank of England (BoE).
Here Is The City   |   Wed, 22 Feb 2017 18:12:17

UK economy sees strong end to the year, but cracks appear

News of faster than previously estimated growth at the end of last year confirmed the economy's overall resilience after the summer Brexit vote. But cracks are appearing to suggest that growth will slow in 2017.
Markit   |   Wed, 22 Feb 2017 16:59:03

Lloyds applies for licence to open Berlin subsidiary amid Brexit as it reports full year results

Lloyds Banking Group plc (LON:LLOY) has launched an application in Germany to set up a subsidiary in Berlin to secure market access to the European Union once the UK leaves the bloc. In a press conference following the lender's results, chief executive Antonio Horta-Osorio confirmed media reports last week on ...
Proactive Investors   |   Wed, 22 Feb 2017 16:15:00

Former envoy warns EU will oppose sectoral Brexit deals

Rogers says Merkel likely to rule out single market access for some industries
FT   |   Wed, 22 Feb 2017 15:17:00

Diplomat warns Merkel will not back sectoral Brexit deals

Sir Ivan Rogers says EU will reject keeping specific industries in the single market
FT   |   Wed, 22 Feb 2017 13:05:08

BRITAIN BEATS: The UK economy grew faster than previously thought at the end of 2016

Britain's economy grew faster than previously thought in the fourth quarter of 2016, according to a second estimate of GDP released by the Office for National Statistics on Wednesday. According to the ONS' data, GDP grew by 0.7% in the quarter at the second reading, above the previous reading of ...
Business Insider   |   Wed, 22 Feb 2017 09:36:01

The favourite in France's presidential race is fighting to lure London bankers to Paris post-Brexit

LONDON - Emmanuel Macron, the favourite to win France's presidential election in May, wants to lure some of London's top financial talent to Paris in the wake of Brexit. France's former economy minister spent Tuesday in London, meeting officials including Prime Minister Theresa May, but had a clear message for ...
Business Insider   |   Wed, 22 Feb 2017 09:07:41

Lloyds profits more than double to £4.2bn

Bailed-out bank increases bonus pool and will pay special dividend as it shrugs off effects of Brexit vote Lloyds Banking Group's profits have more than doubled as the bailed-out bank shrugged off the Brexit vote and avoided further hefty charges for payment protection insurance mis-selling. Its profits of £4.2bn are ...
Jill Treanor / Guardian   |   Wed, 22 Feb 2017 08:49:43

French Presidential Contender Macron Backs Tough Stand on Brexit

Macron, who has taken a recent hit as a result of a campaign blunder, took a forceful position on Brexit in a meeting with Theresa May.
Naked Capitalism   |   Wed, 22 Feb 2017 08:25:12