Brexit News Archive: 22 Mar 2017

Brexit & Beyond: Parliament on Lockdown After Terror Incident, Barnier Warns of Risks of No Divorce Deal, Fights in EU Over Luring London Firms

Brexit & Beyond: Europe in Flux is The Wall Street Journal's round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Police close the area near Houses of Parliament in London. PHOTO: Victoria Jones/Associated Press Car Mows Down ...
MoneyBeat   |   Wed, 22 Mar 2017 18:22:32

UK-based airlines may be forced to move to mainland Europe

EU chiefs have warned airlines ­including easyJet, Ryanair and British Airways that they will need to relocate their headquarters and sell off shares to European nationals if they want to continue flying routes within continental Europe after Brexit. Executives at major carriers have been reminded during ­recent private meetings with ...
The Guardian / South China Morning Post   |   Wed, 22 Mar 2017 13:34:44

UPDATE 1-Sterling rally halts around four-week high

LONDON, March 22- The pound flattened out on Wednesday after hitting its highest levels in almost four weeks, as speculation that the Bank of England will raise rates within the next year was cooled by broader concerns about a Brexit-driven economic slowdown. The Bank of England's regular survey of firms ...
CNBC   |   Wed, 22 Mar 2017 12:48:00

Morning News: March 22, 2017

Dublin Is Best EU City for Bankers Fleeing Brexit, Study Says Chinese Supermarkets Pull Brazil Meat From Shelves As Food Safety Fears Grow Devices Banned [...]
Eddy Elfenbein   |   Wed, 22 Mar 2017 11:08:33

Everything you need to know about a second Scottish independence referendum in 5 minutes

Scottish parliament to vote on holding a second independence referendum in 2018/19. Vote will put pressure on Theresa May to reverse decision to block a new vote. Polls suggest 50/50 support for independence. SNP believes Brexit could be a game-changer. LONDON - The Scottish Parliament will on Wednesday vote on ...
Business Insider   |   Wed, 22 Mar 2017 10:11:00

Sterling rally halts around four-week high

*Graphic: sterling and gilt yields LONDON, March 22- The pound flattened out on Wednesday after hitting its highest levels in almost four weeks, speculation that the Bank of England will raise rates within the next year cooled by broader concerns about a Brexit-driven slowdown in the UK economy. Analysts also ...
CNBC   |   Wed, 22 Mar 2017 09:47:00

UK-based airlines told to move to Europe after Brexit or lose major routes

Exclusive: Fears for UK jobs as EU officials say airlines will need to move base and majority of shareholders to fly routes within Europe EU chiefs have warned airlines including easyJet, Ryanair and British Airways that they will need to relocate their headquarters and sell off shares to European nationals ...
Daniel Boffey in Brussels / Guardian   |   Wed, 22 Mar 2017 09:33:08

The EU is going to sue Britain if it doesn't pay its £50 billion Brexit divorce bill

LONDON - The European Union is preparing for Brexit negotiations in the spirit of "cooperation in good faith," according to leaked documents seen by a Dutch magazine, but is prepared to take Britain to court if it does not agree on key issues such as the £50 billion ($62.4 billion) ...
Business Insider   |   Wed, 22 Mar 2017 08:38:58

Can Brexit make Britain better? For answers, look at what 'Brentry' did for Australia

The claimed consequences of Brexit, good and bad, have been the subject of much debate. In fact, guidance from more than four decades ago on how outcomes may unfold after a major resetting of the macro-economic framework may be drawn from the repercussions of Britain entered the forerunner to the ...
Richard Cullen / South China Morning Post   |   Wed, 22 Mar 2017 08:02:27

London Taxi Company opens £300m Coventry plant for electric cabs

First new UK car plant for more than a decade, creating 1,000 jobs, comes amid industry uncertainty over Brexit The first new car plant in Britain for more than a decade will open in Coventry on Wednesday, creating more than 1,000 jobs and boosting the automotive industry despite concerns that ...
Guardian Staff / Guardian   |   Wed, 22 Mar 2017 07:51:15

Morgan Stanley joins Goldman in Brexit job move signal

Senior Goldman Sachs and Morgan Stanley executives said they're preparing to shift staff and operations from London to elsewhere in the European Union as Prime Minister Theresa May sets up the U.K.'s exit from the bloc.
Here Is The City   |   Wed, 22 Mar 2017 07:31:13

EU Financial Services Chief Warns Against Clashes Over Post-Brexit Hub

The European Union's financial-services chief expressed concern that fights are breaking out among authorities, as they seek to lure financial businesses away from London following the U.K.'s decision to leave the bloc.
WSJ   |   Wed, 22 Mar 2017 00:17:21

US bank bosses warn on London jobs ahead of Brexit

Goldman Sachs says it has already begun implementing its contingency plans
FT   |   Tue, 21 Mar 2017 18:28:36

Goldman Sachs will make a big move before Brexit

Goldman Sachs will move hundreds of its employees from London before a Brexit deal is struck, CEO Richard Gnodde told CNBC. Gnodde declined to comment which locations it may move to. Video provided by TheStreet
Newslook / USA Today   |   Tue, 21 Mar 2017 18:28:15

EU to threaten Britain with court action if Theresa May refuses to pay £50bn Brexit divorce bill

Gordon Rayner / Telegraph   |   Tue, 21 Mar 2017 17:56:49

Goldman Sachs to move hundreds of staff out of London due to Brexit

Bank, which employs 6,000 staff in UK, says it will take extra space in Frankfurt and Paris as part of contingency plan Goldman Sachs is to start moving hundreds of staff out of London before a Brexit deal is struck, the bank's European boss has confirmed. Richard Gnodde, chief executive ...
Jill Treanor / Guardian   |   Tue, 21 Mar 2017 17:26:34

MORGAN STANLEY: We will 'certainly' move people out of London before Brexit happens

Morgan Stanley President Colm Kelleher on Tuesday said his firm will definitely move staff out of London within the next two years - before the end of the negotiation period leading to the UK's departure from the European Union. "It is the cost of doing business," Kelleher said when asked ...
Business Insider   |   Tue, 21 Mar 2017 16:54:35

Goldman Sachs Does The Obvious - Moves Staff From London To EU Over Brexit

The importance of all of this is to note the size of what Goldman is doing as that contingency plan. For they know, as we all should, that to keep those passporting rights all you've got to do is stick a gombeen man behind a brass plate in Dublin and ...
Tim Worstall, Contributor / Forbes   |   Tue, 21 Mar 2017 16:21:00

Apple's new iPad is incredibly expensive in the UK compared to the US (AAPL)

Apple announced a new iPad on Tuesday - but it ain't cheap for Brits. The the 9.7-inch device, which will be available to order on March 24, starts at $329 in the US. But in the UK, it's retailing for an eye-watering £339. That's unprecedented for Apple: The device's numerical ...
Business Insider   |   Tue, 21 Mar 2017 15:52:58

EU looks to defending its interests over Brexit

European Union finance ministers have been discussing Brexit, prepared to defend the members states' interests during divorce negotiations.
euronews   |   Tue, 21 Mar 2017 15:43:04

Goldman to add of jobs in Europe ahead of Brexit as it starts to move staff out of London

Telegraph   |   Tue, 21 Mar 2017 15:38:36

Reuters News wrote a new post, Goldman to move hundreds of staff from London pre-Brexit, says Europe CEO: Reuters, on the site PE Hub

Goldman Sachs will begin moving hundreds of people out of London before any Brexit deal is struck as part of its contingency plans for Britain leaving the European Union, the Wall Street firm's Europe CEO [...]
peHUB   |   Tue, 21 Mar 2017 15:28:23

UPDATE 1-EU to decide on relocation of banking body from London before Brexit

BRUSSELS, March 21- The European Commission wants a decision on the relocation of the European Banking Authority from London before the end of Britain's EU divorce talks, the EU executive vice president said on Tuesday, raising the possibility of a merger with another EU agency based in Frankfurt. "We need ...
CNBC   |   Tue, 21 Mar 2017 15:26:00

EU to Hold First Brexit Summit April 29

The Guardian. UK.
The Guardian. UK. / World Affairs   |   Tue, 21 Mar 2017 15:18:02

Voters want Brexit with hard borders and EU perks

Tory electorate may be hard to please, with 93% in favour of free trade with the bloc
FT   |   Tue, 21 Mar 2017 14:52:04

EU to decide on relocation of banking body from London before Brexit

BRUSSELS, March 21- The European Commission wants a decision on the relocation of the European Banking Authority from London before the end of Britain's EU divorce talks, the EU executive vice president said on Tuesday.
CNBC   |   Tue, 21 Mar 2017 14:52:00

How To Trade Article 50 When Theresa May Files For Brexit

Theresa May is going to trigger the Article 50 on the 29th of March. It is important that you know how to trade that event as this will be one of the event which will make history
Naeem Aslam, Contributor / Forbes   |   Tue, 21 Mar 2017 13:33:00

BMW considers quitting UK post-Brexit

The German car maker has several plants in Britain and said it is actively reviewing its operations to cater for a possible exit from the country.
The National   |   Tue, 21 Mar 2017 13:20:10

EU Leaders to Hold Special Brexit Summit in Late April

European Council President Donald Tusk has asked European Union leaders, excluding British Prime Minister Theresa May, to meet on April 29 to discuss Brexit.
WSJ   |   Tue, 21 Mar 2017 12:26:13

EU leaders to meet on April 29 to decide on negotiating lines for Brexit talks - EU's Tusk

The President of the European Council, Donald Tusk, said that the European Union's 27 leaders will meet on April 29 to agree their negotiating lines f
Eren Sengezer / FX Street   |   Tue, 21 Mar 2017 12:23:43

Goldman to move hundreds of staff from London ahead of Brexit

Goldman's Europe CEO says the move is part of the company's contingency plans
Anjuli Davies LONDON / Globe and Mail   |   Tue, 21 Mar 2017 12:08:06

EU to hold summit on April 29 as Brexit negotiations begin

President Donald Tusk of the European Council said Tuesday the EU will adopt its guidelines for the Brexit talks at a summit on April 29th.
CNBC   |   Tue, 21 Mar 2017 11:46:00

EU leaders will meet for first 'Brexit summit' on April 29

Laura Hughes / Telegraph   |   Tue, 21 Mar 2017 11:38:40

EU leaders to meet on April 29 to set Brexit negotiating position

European Union leaders will meet on April 29 to collectively agree a Brexit negotiating position ahead of withdrawal talks with Britain, European Council president Donald Tusk has announced. The timing of the summit will give leaders of the EU's 27 other member states time to consider Mr Tusk's response to ...
Times of Malta   |   Tue, 21 Mar 2017 11:36:00

Morning News: March 21, 2017

French Presidential Debate Lifts Euro To Six-Week Highs How the U.K. Beat Predictions of a Brexit Crunch So Far The Fed Goes High Rookie Currency [...]
Eddy Elfenbein   |   Tue, 21 Mar 2017 11:09:41

The Brexit bloodbath has failed to arrive for the UK housebuilders, with Bellway the latest to report robust numbers

The predicted Brexit bloodbath has failed to arrive for the UK housebuilders - aside from the lone troubles of Bovis Homes PLC (LON:BVS) - with Bellway PLC (LON:BWY) the latest to report robust numbers in the sector. With over a 2% rise this morning following its first-half results, Bellway's shares ...
Proactive Investors   |   Tue, 21 Mar 2017 10:45:00

Goldman Sachs confirms London jobs will move to Europe in first stage of Brexit reshuffle

Goldman Sachs will shift jobs from London as part of Brexit planning, Goldman Sachs International's boss has told CNBC.
CNBC   |   Tue, 21 Mar 2017 09:45:00

Inflation in the UK continues to soar, hitting 2.3% in February

LONDON - UK inflation surged once again in February, hitting 2.3% and passing the Bank of England's 2% for the first time in more than two years, according to the latest data released by the Office for National Statistics on Tuesday. The ONS said that the UK's consumer price index ...
Business Insider   |   Tue, 21 Mar 2017 09:31:57

UK inflation expected to hit a three-year high of 2.1% - business live

Official figures are expected to show the consumer prices index rose above the Bank of England's 2% target in February for the first time since late 2013, as the sharp fall in the pound since the Brexit vote feeds through to higher prices 7.59am GMT Here is our preview story ...
Angela Monaghan / Guardian   |   Tue, 21 Mar 2017 07:59:50

Frankfurt is in 'pole position' in the Brexit jobs race

LONDON - Frankfurt is emerging as the preferred location for UK-based banks looking to relocate jobs to Europe post-Brexit, according to the Financial Times. UBS, JPMorgan, Morgan Stanley, and Bank of America Merrill Lynch are all considering relocating roles to Frankfurt, according to the FT. Frankfurt lobbyist Hubertus Väth told ...
Business Insider   |   Tue, 21 Mar 2017 07:56:55

EU to hold Brexit summit for 27 members on April 29

BRUSSELS (AP) - The 27 European Union nations will hold a special Brexit summit on April 29 - one month after Britain plans to trigger divorce proceedings with the EU - to decide on the guidelines for the next two years of negotiations with the U.K.
Associated Press   |   Tue, 21 Mar 2017 07:29:00

BBC's Brexit coverage pessimistic and skewed, say MPs

A letter to the BBC's director general says the broadcaster "unfairly represents" Leave voters.
BBC   |   Tue, 21 Mar 2017 06:20:58

Live: FBI investigating possible links between Trump campaign and Kremlin

Our live blog is tracking reaction after the FBI confirmed it will investigate links between Trump and Russia.
CNBC   |   Tue, 21 Mar 2017 05:46:00

Frankfurt takes lead in Brexit race for City jobs

As UK triggers EU divorce, other financial centres jostle to take business from London
FT   |   Tue, 21 Mar 2017 05:01:42