Thursday, Apr 25, 2024

International Finance

Tag : Brexit

Finance Wealth Management

Investment bank sold all its UK assets before Brexit

International Finance Desk
by International Finance Desk
Carnegie Investment Bank manages $17 billion for clients IFM Correspondent November 2, 2016: Carnegie Investment Bank AB, which manages $17.2 billion for clients, sold all of its UK holdings as opinion polls narrowed ahead of the June vote to exit from the European Union. Chief strategist Henrik Drusebjerg explained that the bank held equities as...
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Economy

Brexit: UK grows faster than expected

International Finance Desk
by International Finance Desk
The economy grew by 0.5% in the three months following the Brexit vote IFM Correspondent November 1, 2016: Britain’s economy grew more than expected in the three months following its vote to leave the European Union despite concern that apprehension over the country’s future would weigh on business. The economy expanded by 0.5% in the...
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Banking Finance

Bank of England governor to continue till 2019

International Finance Desk
by International Finance Desk
Mike Carney to stay till Brexit negotiations get over IFM Correspondent November 1, 2016: Bank of England governor Mike Carney has ended days of speculation by announcing that he will step down in June 2019, still two years short of a full term. He said he recognises the importance ‘to the country of continuity during...
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Finance Wealth Management

Brexit: Pound’s turbulence unsettling British pensions

International Finance Desk
by International Finance Desk
Could drive pension pots worth hundreds of millions overseas Nigel Green October 31, 2016: The Brexit-battered pound has triggered a significant surge in people seeking advice on moving British pensions out of the UK. Since the UK’s historic vote to leave the EU, the sterling has fallen in value 14.5 per cent against the euro...
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Economy

Brexit: Sterling appears more vulnerable than any other major currency

International Finance Desk
by International Finance Desk
Its value in foreign exchange markets is reliant on purchase of UK financial assets by overseas investors Don Smith October 27, 2016: Despite a run of better than expected UK economic data since the Brexit vote – including 0.7% second-quarter expansion, beating estimates – financial markets are increasingly concerned about the outlook for the country’s...
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Economy

Next US president may have to deal with recession

International Finance Desk
by International Finance Desk
WSJ survey reveals odds of a recession within next 12 months is about 21% IFM Correspondent October 24, 2016: Only a few weeks is left before the US chooses its 45th president. Historically, every US president elected till date has faced a recession or a recession-like scenario. A Wall Street Journal survey in June of...
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Finance Wealth Management

85% of remortgagors lowering their mortgage rates

International Finance Desk
by International Finance Desk
Spurred on by record low rates, two thirds of remortagagors plan to remortgage again in the next four years October 24, 2016: In September, 85% of remortgagors were able to lower their mortgage rate, according to LMS, one of the UK’s leading conveyancing panel management specialists. The findings illustrate why it is such a good...
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Economy

UK’s €40 billion bill could be EU’s first Brexit hurdle

International Finance Desk
by International Finance Desk
UK could put the budgetary contributions at the forefront of negotiations, in the hope of gaining leverage Lewis Crofts and Matthew Holehouse October 20, 2016: Before UK and EU officials get down to the detailed work of unpicking laws and drafting the transitional measures to govern Brexit, they may first have to deal with the...
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Economy

Paris launches campaign to attract talent from London post-Brexit

International Finance Desk
by International Finance Desk
Advertisement to target London airport, train stations, UK national newspapers October 18, 2016: The organisation representing the business district of La Défense in Paris, has launched a national UK advertising campaign to lure talent from London in the wake of Brexit. Adverts will go live at Heathrow airport, Eurostar stations including St. Pancras International and...
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Economy

Post-Brexit, small businesses in UK are bullish

International Finance Desk
by International Finance Desk
But the challenge to growth is finding skilled staff October 12, 2016: Nearly three-quarters (73%) of small businesses with over five employees plan to grow dramatically or moderately over the next two years, according to a new report by Albion Ventures, one of the largest independent venture capital investors in the UK. Only 5% think...
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