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Brexit fears dent confidence in financial sector

Brexit has had a stronger impact on Britain’s financial sector than the global financial crisis, according to a survey reported by Reuters. Although the financial crisis sent some of the world’s biggest banks … Continue reading “Brexit fears dent confidence in financial sector”


Prezzo to close one third of its restaurants

Italian restaurant chain Prezzo is to close around one third of its outlets as part of a restructuring plan to avoid the company going into administration, according to BBC News. The restaurant chain, … Continue reading “Prezzo to close one third of its restaurants”


IFS report: ‘very small’ impact of tariff cuts post-Brexit

A report from the Institute for Fiscal Studies (IFS) has said consumers may see prices fall by up to 1.2% if Britain decides to abolish all tariffs following Brexit, according to BBC News. … Continue reading “IFS report: ‘very small’ impact of tariff cuts post-Brexit”


Fed reveals interest rate rise

The US central bank has announced an interest rate rise to a target range of 1.5% to 1.75%, according to BBC News. The Federal Reserve said the 0.25% change was being made to … Continue reading “Fed reveals interest rate rise”


Goldman Sachs drops from top three banks for commodities revenue

Goldman Sachs is no longer among the top three commodities banks, according to Reuters. The US-based investment bank has been in the top three chart since Coalition, a data analytics firm, started compiling … Continue reading “Goldman Sachs drops from top three banks for commodities revenue”


Plans for new Northumberland coal mine scuppered

Plans to develop an open cast coal mine in the North East of England have been rejected on climate change grounds, according to Reuters. Last year Northumberland County Council approved a proposal from … Continue reading “Plans for new Northumberland coal mine scuppered”


US hurricanes contribute to £2bn annual loss for Lloyd’s of London

Pre-tax losses for Lloyd’s of London reached £2bn last year, the first time the insurer has incurred an annual loss in six years. According to BBC News, this was a sharp reversal after … Continue reading “US hurricanes contribute to £2bn annual loss for Lloyd’s of London”


Only 10% claim National Insurance top up for relatives providing childcare

Up to 90,000 older people are missing out on a top-up added to State Pensions, according to BBC News. The Adult Specified Childcare Credit is available for those who look after young children … Continue reading “Only 10% claim National Insurance top up for relatives providing childcare”


Unilever HQ to move to Rotterdam

Unilever has announced that it will move its headquarters from London to the Dutch city of Rotterdam, according to BBC News. The international giant said having a single legal entity in the Netherlands … Continue reading “Unilever HQ to move to Rotterdam”


UK construction sector growth fell 3.4% in January

UK construction output fell 3.4% in January 2018 compared to December 2017, the largest monthly decline since June 2012, according to the Office for National Statistics (ONS). The ONS said that weak growth … Continue reading “UK construction sector growth fell 3.4% in January”


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