Brexit News Archive: 23 Mar 2017

Top Thought Leadership Trends in 2017 and Beyond

Top thought leadership trends for 2017 and beyond are dealing with the aftershocks of Brexit, reframing the notion of the "age of the customer" to shifting consumption patterns," and smart sharing in the networked economy.
Kasia Moreno, Contributor / Forbes   |   Thu, 23 Mar 2017 17:37:00

OECD Says Brexit Will Impair UK Corruption Fighting Efforts

Brexit could damage the UK's efforts to tackle corruption and give multinationals leverage over the British government in bribery cases, the Organisation for Economic Co-operation and Development has warned. Business pressure to weaken bribery laws and an inability by the government to focus on non-Brexit issues are both risks associated ...
OANDA   |   Thu, 23 Mar 2017 13:40:02

Gold Prices See Seventh Day Of Gains After Terrorist Attack In London

Gold Prices See Seventh Day Of Gains After Terrorist Attack In London - Gold prices higher seven days in row - best gains since Brexit- Gold spikes to three week high after terrorist attack in London- Global stocks fell yesterday after attack in London - Stocks resilient today and start ...
Zero Hedge   |   Thu, 23 Mar 2017 12:57:02

BoE's Broadbent: rates could rise, but investor caution strong, too

LONDON, March 23- Bank of England Deputy Governor Ben Broadbent said on Thursday it was possible that interest rates could rise, but he also highlighted a strong sense of caution among investors about the outlook for Britain after Brexit. Our forecast was conditioned on pretty gentle rises but rises nonetheless, ...
CNBC   |   Thu, 23 Mar 2017 10:40:00

UK retail sales shrug off Brexit fears with February rise

Recovery after slump in December and January is not enough to reverse slide in three-month trend, says ONS Britain's retailers received a respite from a two-month losing streak when spending in high street stores and online bounced back in February. The Office for National Statistics said retail sales volumes were ...
Larry Elliott / Guardian   |   Thu, 23 Mar 2017 10:37:42

Brexit could damage UK's efforts to tackle corruption, says OECD

Business pressure to weaken bribery laws and government's inability to focus on non-Brexit issues are also concerns, says group Brexit could damage the UK's efforts to tackle corruption and give multinationals leverage over the British government in bribery cases, the Organisation for Economic Cooperation and Development has warned. Business pressure ...
David Pegg / Guardian   |   Thu, 23 Mar 2017 10:07:05

UK retail sales shook off Brexit fears to have a great month in February - but there are worrying signs for the future

LONDON - UK retail sales had a huge month in February, confounding the forecasts of economists who had predicted stuttering growth in the month, according to the latest data from the Office for National Statistics. On a month-to-month basis, sales grew by 1.4% in February, while on an annual basis, ...
Business Insider   |   Thu, 23 Mar 2017 09:35:50

Next warns of price rises as profits fall for first time in eight years

Retailer says it faces 'tough' year ahead with shoppers spending less on clothes, weak pay growth and pound's Brexit slide Next has warned consumers they face price rises of up to 5% in the coming months due to the weak pound, as it reported its first drop in annual profits ...
Julia Kollewe / Guardian   |   Thu, 23 Mar 2017 08:58:32

London banks are set to avoid lengthy test for eurozone entry

Banks in London that relocate operations to the eurozone after Brexit are likely to be spared a lengthy entry test by regulators, making it easier for them to shift, according to two officials with knowledge of the matter. The European Central Bank, the eurozone's banking supervisor, has had many inquiries ...
John O'Donnell, Reuters / Times of Malta   |   Thu, 23 Mar 2017 07:48:03

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

Brexit banks set to avoid lengthy eurozone entry test - sources

Banks in London that relocate operations to the eurozone after Brexit are likely to be spared a lengthy entry test by regulators, making it easier for them to shift, according to two officials with knowledge of the matter.
IFR   |   Wed, 22 Mar 2017 12:11:00

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