UK construction has been hit by Brexit uncertainty, showing its worst performance in seven years, with residential building hit particularly hard
Category: News Wire
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Netto’s UK stores to close as Sainsbury’s calls time on joint venture
Up to 400 jobs at risk as UK supermarket decides to focus on its core business
Three ex-Barclays traders found guilty of fraud in Libor trial
Three former Barclays traders have been found guilty of conspiracy to defraud after a three-month trial at Southwark Crown Court.
Gold hits two-year high as investors become increasingly anxious
Gold holdings expand by 500 tonnes and price hits highest level in two years as investors seek safe-havens amid a tumultuous global political situation
City regulator’s fines drop from £819m to £7m in a year
Fall in value and number of fines imposed by FCA due to personnel changes, a less aggressive approach and a heavy workload for staff
George Osborne floats plan to cut UK corporation tax to 15pc
George Osborne is planning to cut corporation tax to less than 15pc as part of a plan to give Britain a post-Brexit vote boost.
British Gas offers free electricity at weekends
British Gas is to offer free electricity for eight hours at weekends to two million customers who have smart meters installed.
Mark Carney prepares to cut rates and raises prospect of more quantitative easing
The governor of the Bank of England has told markets to expect a cut in interest rates as he warned the economy was in for a period of prolonged uncertainty and significantly slower growth in the wake of the EU referendum.
Standard & Poor’s cuts EU credit rating after British vote to leave
Ratings agency says European Union’s status as safe haven for investments is now AA rather than AA+
Heathrow dealt huge blow as Government delays airport expansion decision
The Government has come under fierce attack from leading business figures after it delayed a decision on airport expansion amid the Brexit turmoil, dealing a blow to Heathrow’s chances of building its long sought-after £17.6bn third runway.
Carmakers fear being left in the slow lane in post Brexit Britain
The UK automotive industry needs “unrestricted and reciprocal access” to the European single market or risk being relegated to the second division of global carmaking, the leader of the British motor industry has warned.
“Brexit means Brexit”: As Theresa May throws her hat into Tory leadership race
We knew it was coming – but this morning home secretary Theresa May formally joined the leadership race for the Conservative Party.
Singapore bank UOB suspends London property loans after Brexit vote
One of Singapore’s largest lenders, UOB, says it has suspended its loan programme for London properties.
Airport expansion decision on hold
A decision on airport expansion in south-eastern England is to be delayed until “at least October”, Transport Secretary Patrick McLoughlin has said.
Bank of England injects UK banking system with £3.1bn of funding after Brexit
Lenders have taken more than £9 bn from the central bank in June
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