Brexit News Archive: 05 Apr 2017

Theresa May softens stance on Brexit roadblocks

UK PM accepts possible extension of EU rules after 2019
FT   |   Wed, 5 Apr 2017 17:08:29

JP Morgan Now Says No Jobs Will Leave UK in Next 2 Years

The head of U.S. bank JPMorgan Chase (JPM.N) said on Tuesday the bank is not planning to move many jobs out of Britain in the next two years in a softening of tone on the likely impact from Brexit. Jamie Dimon had said in a previous speech to employees in ...
OANDA   |   Wed, 5 Apr 2017 13:50:55

The EU Parliament has published its Brexit red lines - and they're tough

LONDON - The European Parliament has voted overwhelmingly to back a number of red lines regarding Brexit talks with Britain. MEPs in Strasbourg, France voted by 516 to 133 to back the resolution on Wednesday morning, meaning that the EU's only directly-elected body has now established its official negotiating strategy ...
Business Insider   |   Wed, 5 Apr 2017 12:41:52

Reality Check: European Parliament's 'red lines' on Brexit

BBC Reality Check correspondent Chris Morris analyses the detail of the European Parliament vote.
BBC   |   Wed, 5 Apr 2017 11:57:59

May suggests free movement could continue during Brexit implementation

Britain's PM has said she expects some kind of implementation phase, or transitional agreement, after two years of talks with the bloc
Globe and Mail   |   Wed, 5 Apr 2017 09:40:15

Farage sparks European Parliament storm with mafia comment

Nigel Farage was heckled in the European Parliament after accusing MEPs of "behaving like the mafia" over the conditions of Brexit. The former Ukip leader was told to retract his remark by the Parliament's president, Italian Antonio Tajani, and said that, in respect of national sensitivities, he would instead brand ...
Times of Malta   |   Wed, 5 Apr 2017 09:34:00

Farage tells EU politicians: 'You're behaving like the mafia'

LONDON - Former UKIP leader and MEP Nigel Farage told EU politicians on Wednesday that they were "behaving like the mafia" over Brexit. Speaking to EU Parliament in Brussels, Farage said that the demands EU figures have made since Britain triggered Article 50 last week had been "all too predictable." ...
Business Insider   |   Wed, 5 Apr 2017 08:56:37

JP Morgan's Jamie Dimon - Just Kidding, Brexit Won't Mean Many Jobs Moving Out Of London

As JP Morgan's Jamie Dimon says, Brexit is going to mean some minor move of regulatory staff out of The City of London in order to preserve EU passporting rights and really, not much more than that.
Tim Worstall, Contributor / Forbes   |   Wed, 5 Apr 2017 08:12:00

Britain braced for rough ride in Strasbourg as EU parliament sets Brexit 'red lines'

James Rothwell / Telegraph   |   Wed, 5 Apr 2017 07:12:42

McCarthy & Stone blames Brexit for tumbling profits

The retirement home builder says market uncertainty following the Brexit vote sent profit down 25%.
BBC   |   Wed, 5 Apr 2017 07:05:36

May suggests EU migration will continue post-Brexit

PM indicates free movement of EU citizens to UK would carry on in transition period
FT   |   Wed, 5 Apr 2017 06:39:06

Retirement housebuilder McCarthy & Stone blames Brexit for weak first half trading

UK retirement housebuilder McCarthy & Stone PLC (LON:MCS) has posted a 42% drop in first half underlying pre-tax profit, blaming uncertainty surrounding the Brexit vote. Underlying pre-tax profit in the six months to 28 February 2017 fell to £22.8mln from £39.1mln in the year-ago period. Revenue declined 5% to £238.2mln ...
Proactive Investors   |   Wed, 5 Apr 2017 06:25:00

UK PM May suggests UK will not finalise EU trade talks before Brexit - FT

More headlines crossing the wires, via FT, from the British PM May, this time admitting that it will take longer than two years to finalize a new trad
Dhwani Mehta / FX Street   |   Wed, 5 Apr 2017 06:24:40

UK PM May suggests free movement could continue after Brexit - BBC

Speaking to journalists during her visit to Jordan and Saudi Arabia, the UK PM May noted, "You've used the phrase transitional phase; I have used the
Dhwani Mehta / FX Street   |   Wed, 5 Apr 2017 06:18:14

Launch comes as Xi and Trump prepare to meet, the Brexit no one voted for, and the secret behind Wall St's largest oil trade

North Korea fires a missile into the Sea of Japan
FT   |   Wed, 5 Apr 2017 05:03:00

Philip Hammond accuses Tory Eurosceptics of plotting to undermine Theresa May over Brexit

Steven Swinford / Telegraph   |   Tue, 4 Apr 2017 20:01:50

Theresa May arrives in Saudi Arabia for trade talks

In her first official visit to the kingdom, the UK leader meets officials to discuss trade post-Brexit.
Al Jazeera   |   Tue, 4 Apr 2017 19:14:25

May hints at no final EU trade deal before Brexit

PM close to admitting ratification of a pact will take longer than two years
FT   |   Tue, 4 Apr 2017 16:52:21

Jamie Dimon admits "not many" JP Morgan jobs will leave UK in major Brexit u-turn

Telegraph   |   Tue, 4 Apr 2017 16:45:24

Spanish Gunship Makes "Illegal Incursion" Into British Waters Off Gibraltar

Just days after a post-Brexit UK cabinet put Europe on edge when a former Conservative leader said on Sunday that Theresa May "would go to war" to protect Gibraltar, Spain has tested the former EU member's resolve when on Tuesday afternoon the Gibraltar government tweeted that a Spanish gunship has ...
Zero Hedge   |   Tue, 4 Apr 2017 15:27:19

Lawmakers warn UK to assess impact of 'no deal' Brexit

LONDON (AP) - Parliament's Brexit committee says Britain's aim of forging a new deal with the European Union in two years may be unrealistic, and the government must set out the economic implications of failure.
Associated Press   |   Tue, 4 Apr 2017 11:27:41

CORRECTED-Sterling slips on Brexit, BoE policy uncertainty

LONDON, April 4- Sterling slipped against the dollar, euro and yen on Tuesday, kept under pressure by uncertainty over the terms of Britain's exit from the European Union and by doubts over how soon the Bank of England will start raising interest rates. For sterling, political risk has been in ...
CNBC   |   Tue, 4 Apr 2017 09:55:00

Sterling slips on Brexit, BoE policy uncertainty

LONDON, April 4- Sterling slipped against the dollar, euro and yen on Tuesday, kept under pressure by uncertainty over the terms of Britain's exit from the European Union and by doubts over how soon the Bank of England will start raising interest rates. For sterling, political risk has been in ...
CNBC   |   Tue, 4 Apr 2017 09:28:00

MPs are getting worried about the economic impact of leaving the EU with no trade deal

LONDON - MPs urged the government to calculate the potential damage to the economy arising from leaving the European Union without a trade deal. Members on the committee for exiting the EU warned that Prime Minister Theresa May's claim that "no deal was better than a bad deal" was "The ...
Business Insider   |   Tue, 4 Apr 2017 07:12:22

ASOS is actually benefiting from the weak Brexit pound

LONDON - Online youth-focused fashion retailer ASOS on Tuesday upgraded its forecast for sales growth this year, saying the collapse in the pound since last June's Brexit vote has actually provided a boost. The company said in its half-year results on Tuesday: "As a net exporter, sterling weakness has created ...
Business Insider   |   Tue, 4 Apr 2017 06:59:21

Panmure Gordon says takeover by ex-Barclays boss Bob Diamond opens exciting chapter

Panmure Gordon & Co. Plc (LON:PMR) expects the next two years will be challenging during Brexit negotiations but believes its takeover by Ellsworthy Limited has opened an "exciting chapter". Ellsworthy - a joint venture between former Barclays plc (LON:BARC) chief executive Bob Diamond's New York private equity firm, Atlas Merchant ...
Proactive Investors   |   Tue, 4 Apr 2017 06:59:00

10 things you need to know in markets today

Good morning! Here's what you need to know in markets on Tuesday. Britain's top financial policymakers begin a two-day visit to India on Tuesday, hoping to promote Britain's booming fintech sector abroad as Brexit looms. Chancellor Philip Hammond, Business Secretary Greg Clark, Bank of England Governor Mark Carney, and Financial ...
Business Insider   |   Tue, 4 Apr 2017 05:57:07

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