At the top since the turn of the millennium: Admiral chairman steps down

Admiral is the only FTSE 100 firm which has its headquarters in Wales. Local business champions hailed Lyons’ impact and the boost his actions had made to the local economy.“Under the chairmanship of Alastair Lyons, the Admiral Group, which is Wales’ largest private business, has played an integral part in the transformation of Cardiff’s services sector,” said Chris Sutton, lead director at JLL Cardiff and Chair of Central Cardiff Enterprise Zone.”When he took up this post in in 2000, Cardiff was transitioning from a maritime trade city to the financial and professional services hub which now employs 40,000 people and has an economic output in excess of £2 billion.” At the top since the turn of the millennium: Admiral chairman steps down During Lyons’ tenure he oversaw car insurance specialist’s float on the London Stock Exchange in 2004.Read more: Facebook rules sink Admiral’s insurtech plansAdmiral, which has said it could move its European business to Ireland or another country if British insurers lose their right to sell their products across Europe as a consequence of leaving the EU, said a new chairman will be elected at the firm’s AGM this Spring.Chief executive David Stevens said: “There are very few people who deserve as much credit for Admiral’s success over the last sixteen years as Alastair. He’s been everything our shareholders, and indeed our staff whatsapp Share Wednesday 25 January 2017 9:13 pm Oliver Gill whatsapp Admiral non-executive chairman Alastair Lyons will retire in April after nearly 17 years in the role. “It has been fantastic to have been on the journey with Admiral since the management buy-out, a journey which I am confident will continue to deliver sustained success,” said Lyons. The way the business has developed has been astonishing and a tribute to a great team that has created a culture that breeds innovation, the drive and ability to succeed, openness and transparency. I shall miss it, and them, greatly. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health2021 Buicks | Search AdsIntroducing The Head Turning 2021 Buicks!2021 Buicks | Search Ads read more

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Editor’s Notes: The City is right to warn the EU against its own Brexit complacency, UBS’s forecasting woes and Xavier Rolet’s agricultural insight

Editor’s Notes: The City is right to warn the EU against its own Brexit complacency, UBS’s forecasting woes and Xavier Rolet’s agricultural insight The calls to legalise cannabis are growing stronger – even former Tory leader William Hague thinks it’s high time for a change. Still, imagine my surprise to find my walk over London Bridge yesterday morning clouded by an unmistakable smell. I thought I was cracking up, but soon clocked a smartly dressed City slicker undistinguishable from other commuters were it not for the massive joint he was smoking. Is this what people mean when they talk of liberalising City regulations?Xavier Rolet’s agricultural insightMost City-types on Twitter stick to their brief, rarely straying much beyond currency movements, central banking or share tips. Nice then, to see Square Mile wonk William Wright ask his Twitter followers why, having clocked the agricultural landscape on a flight back from Vienna, the fields were arranged in long, thin strips. Step forward Xavier Rolet, former LSE CEO, to explain: “the strips allow for crop rotation & diversification, offering a modicum of resistance to erosion…” Thanks, Xavier.Charlie Elphicke pays attention to City A.M.Before becoming a minister, Tory MP Steve Baker was an invaluable asset to parliament’s Treasury Select Committee, often catching Bank of England officials and regulators off-guard with his own original thinking on economic theory. He even used to wave the occasional copy of City A.M. at Mark Carney to make his point. This tradition seems to have been picked up by Charlie Elphicke, who quoted us at length when grilling new MPC member Jonathan Haskel, noting that we offer more reliable guidance on rate rises than the Bank of England itself.UBS’s forecasting woesSpare a thought for UBS, which claimed that their sophisticated modelling had concluded that Germany were the favourites to win the World Cup. Ten-thousand simulations and many hours of analysts’ work had gone into the prediction, which crumbled faster than a German fan watching Tuesday night’s game against South Korea. Incidentally, UBS once claimed 1,000 staff would leave London as a result of Brexit. They since revised this prediction to 250. Tricky game, forecasting. More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealth Care10 Ways You Never Knew You Could Eat AvocadoHealth CareWeniixTop 5 best family SUVs of 2021 – WENIIXWeniixCookingAmour10 Delicious Freezer Meal Recipes to Dump into the Slow Cooker.CookingAmourAll Day Home Warning! 10 Subtle Signs of Kidney Diseases that Should Never Be IgnoredAll Day Home BeautifulTrendsTodayMan Turns A Bus Into A Dream Home, Take A Look InsideBeautifulTrendsTodayBest-journal.xyzTop 20 Of The Most Heavenly Beaches In The WorldBest-journal.xyzHealthline: Medical information9 SuperFoods To Prevent Heart Disease And Reduce Heart Attack RiskHealthline: Medical informationEveryday WellnessScience Explains What Happens To Your Body When You Eat Two Bananas A DayEveryday Wellnessaskforfunding.comAngel Investors – Get Funding. Post a Funding Request Today.askforfunding.com The heat is rising in the City, and not just because of the recent heatwave.On Wednesday, the normally mild-mannered chief of TheCityUK, the finance industry’s main lobby group, unleashed his frustration at EU regulators over their failure to meet the UK halfway on securing a legal basis for the continuation of cross-border contracts post-Brexit. Christian May Share whatsapp whatsapp Friday 29 June 2018 10:12 am After the Bank of England warned that derivative contracts with a notional value of £96 trillion are under threat, Miles Celic fumed “the biggest barrier to addressing this issue is the EU regulators’ failure to accept and get to grips with the risk”. Celic has been the City’s cool head on Brexit, but it seems even his patience is wearing thin.He remains diplomatic, but make no mistake: the City feels keenly that it has done its part to ensure financial stability post-Brexit, whereas EU regulators appear to be dragging their feet.Whether this is due to incompetence or a misguided political strategy, is up for debate, but whatever the cause it is remarkable, and alarming, that (to quote Mark Carney) “the EU has not yet indicated their solution to these fundamental issues” – not least because a failure to agree on a technical solution “would be expected to have more material impacts on the costs and availability of finance on the continent”.In other words, refusing to cooperate on a framework of mutual interest will hurt EU businesses and member states more than it hurts us. Little wonder, therefore, that the association of German asset managers has said that “proper and unobstructed” access to London is crucial to their sector.One of the reasons why London is the world’s number one financial centre is because its regulators and policy-makers are hugely experienced. They know what they’re talking about, and their EU counterparts would do well to engage with the Bank’s proposed “rock solid solution” – or they’ll most likely live to regret it.Is the City going to pot? read more

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Chancellor Philip Hammond: Bank of England boss Mark Carney will remain in place until 2020 to ensure Brexit ‘continuity’

by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush Share Catherine Neilan Chancellor Philip Hammond: Bank of England boss Mark Carney will remain in place until 2020 to ensure Brexit ‘continuity’ Last week, Carney told MPs he would be willing to do whatever he could “to promote a smooth Brexit and an effective transition at the Bank”. However, he added that it was not down to him to make that announcement.This afternoon, Hammond told the House of Commons: “I have been discussing with governor his ability to serve a little longer in post to ensure continuity through what could be quite a turbulent period for our economy in the early summer of 2019.  “I can tell the house today that the governor has agreed despite various personal pressures to conclude term in June that he will continue until the end of January 2020 in order to help support continuity in our economy in this period.”Sir Jon Cunliffe, deputy governor with responsibility for financial stability has also been re-appointed for a second five-year term, effective from 1 November.   Tuesday 11 September 2018 12:22 pm whatsapp whatsapp Bank of England governor Mark Carney will stay in post until the end of January 2020 to “support continuity” during the Brexit process, chancellor Philip Hammond confirmed today. There has been widespread speculation about whether the Canadian economist would extend his time in post, having been due to step down from the role in June 2019, just three months after the UK will formally leaves the EU and part-way through the anticipated transition period.  More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com read more

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Two years on, and the Brexit debate is still dominated by the two extremes shouting at each other

first_img Tags: Brexit And yet, more than two years on from that dramatic night, the loudest voices in this debate are still the two extremes. Flick through the news channels and you’ll catch snippets of Labour’s Andrew Adonis demanding Brexit be stopped (and calling for a public inquiry into how it could have happened) along with glimpses of backbench Tories and hard-Brexit advocates telling us, implausibly, that a No Deal exit would be a walk in the park.The campaign for a second referendum is up and running – cloaked in the language of democracy but with a very clear purpose: to undo what democracy delivered in 2016. On the other side of the aisle, hardcore Brexiters are fumbling and stumbling in a last-ditch effort to present an alternative plan to the Prime Minister’s Chequers proposal.Everyone else (we could call them the squeezed middle) watches as the remnants of two campaigning sides continue to shout at each other, 27 months after one side lost and the other won. Narrowly. That slim margin of victory matters.As Leaver Dan Hannan has said, and as Remainer Tory MP Simon Hart now echoes, the referendum did not settle a debate; it exposed a divide. The task of Brexit, therefore, is as much about bringing the country back together as it is about extricating the UK from the European Union.A second referendum, whatever it’s called (“People’s Vote”) would generate fresh waves of uncertainty, amplify the voices of the two extremes and shatter the notion that voting matters. It is an idea that must be put to bed. Similarly, as Hart says, Brexit is a process – not an event. Sunday 16 September 2018 7:07 pm whatsapp whatsapp Two years on, and the Brexit debate is still dominated by the two extremes shouting at each other Christian May center_img It will take time. It will involve compromise. It will not satisfy everyone. But it will happen, and those mounting a last stand against it – whether publicly or in secret – should direct their efforts, time and resources to the task of engineering an exit, a transition period and a good deal for our future relationship with the EU.Fortunately – better late than never – the newly formed Brexit Delivery Group, comprising of 60 Leave and Remain Tory MPs, will now be making this case. All power to them.As Hart wrote over the weekend, “we should bank what we can now, leave the EU in March and continue to grind away at the bits that fall short of expectation. That’s what we do in business every day and what has typified our relationship with the EU for more than 40 years.” Not every Leave voter punched the air when the referendum result came through, and not all Remain voters sunk to the floor with their heads in their hands. Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoBetterBe20 Stunning Female AthletesBetterBeUndoCleverstTattoo Fails : No One Makes It Past No. 6 Without LaughingCleverstUndoTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading BlvdUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndo last_img read more

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RBS: No-deal Brexit could send UK economy reeling

first_img“There are some retailers we are having to be a bit more cautious about because they haven’t made the necessary transition from bricks and mortar to digital,” he added.Meanwhile, he warned construction giants are becoming “very cautious” about London’s market in particular.He also said larger firms across industries are waiting to see what happens with Brexit, with lending to bigger companies down two per cent for the bank.”Big businesses are pausing, they are saying that in six months time I’ll have another look at the UK and I might come back, but if it’s really bad I’ll invest elsewhere – that’s the reality of where we are today.”Read more: Business groups criticise government’s post-Brexit immigration system Thursday 4 October 2018 10:01 am RBS: No-deal Brexit could send UK economy reeling whatsapp whatsapp Joe Curtis center_img Share Economic growth could fall flat or even turn negative if the UK leaves the EU without a deal, he told the BBC.Read more: ‘End Brexit psychodrama’ – Chamber of Commerce chief pleads with the ToriesHis bank, which remains majority-owned by the taxpayer after the government bailed it out a decade ago, is planning to restrict lending to the retail and construction industries, with both featuring plenty of struggling companies.Around 2,000 stores have closed on the high street so far this year, while growth in the construction sector sagged to a six-month low this week.”We are assuming 1-1.5% growth for next year but if we get a bad Brexit then that could be zero or negative and that would affect our profitability and our share price,” McEwan told the BBC. The government has said it is chasing a Chequers-style agreement with the EU, hoping for a deal in October or November, but Prime Minister Theresa May’s plan has come under attack from a number of sides.Fellow Conservatives have touted a Canada-style free trade alternative, while Labour has refused to back an agreement if May brings one back to parliament. Tags: Brexit Company Royal Bank of Scotland Group Royal Bank of Scotland (RBS) boss Ross McEwan has warned that a no-deal Brexit could push the UK into another recession.last_img read more

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Investor demand for environment-friendly firms is becoming ‘phenomenon’ says top Barclays banker

first_imgThe bank has had three consecutive years of market growth and the markets business has performed “consistently” since Tim Throsby arrived as chief executive of Barclays International.“When you talk to clients around the globe they want to deal with a diverse range of banks globally, not just the US banks,” said McGrath, himself a former Goldman Sachs banker. “There’s a real interest in having a European champion and our client base thinks that we’re it.”Read more: Former Barclays boss Bob Diamond says banks need to take more risks Investor demand for environment-friendly firms is becoming ‘phenomenon’ says top Barclays banker whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.com Joe McGrath, global head of banking at the British bank, says the growth of environmental, social, and governance (ESG) concerns in business has become a “phenomenon” in the last five years.ESG investing is becoming “truly a commercially viable strategy with the interest level and the financial resources that are being dedicated to it,” McGrath says. Money is pouring into the space from venture capital and private equity funds, he says, speaking to City A.M. ahead of a meeting of entrepreneurs in its Unreasonable Impact partnership.Barclays partnered with Colorado-based Unreasonable Group, a firm which focuses on scaling up potentially world-changing companies. The 71 firms in the Unreasonable Impact programme have so far raised over $1.3bn in financing and have made $1bn in revenues.Read more: The green economy race is heating up – and Britain has the edgeThe programme focuses on “companies that are not only doing well, but doing good for society,” McGrath adds. It also puts particular emphasis on the prospects for job creation. Firms in the UK and Europe programme, centred on London, now span from established firms to innovative startups. Green Fuels, which produces biodiesel from cooking oil and other feedstocks, has held a royal warrant since 2013 from the Prince of Wales. Riversimple produces cars vehicles powered by hydrogen fuel cells, with only water as immediate emission, while Offgrid Electric provides cheap solar lighting in some of the world’s poorest regions.Unreasonable is aiming to identify “the world’s most promising impact entrepreneurs” to allow them to “really be the titans of industry tomorrow”, says Daniel Epstein, the firm’s founder. Some of the firms in the programme “have tech that most people don’t even know exists.”However, they can often lack the connections to advice and services a growth company needs, while being an entrepreneur can be “lonely” work. In addition, UK and European entrepreneurs face a harder time in raising capital than their counterparts across the Atlantic, says Epstein.”There’s less of an aptitude for risk-taking with that capital,” he says. “Culturally there’s a different posture.”Read more: A quarter of Londoners want to start their own business whatsapp Jasper Jolly Thursday 11 October 2018 12:18 am Demand for investments in businesses pursuing environmentally and socially responsible aims is building up unstoppable momentum, according to a top banker at Barclays. Share The programme aims to plug entrepreneurs into a network of experienced advisers, as well as helping them further down the line with access to equity or debt finance, giving Barclays further incentive to help the firms develop into companies on a global scale.“We’ve developed a pipeline of future companies that we can be a long-term partner with as a firm,” said McGrath. “Companies that ultimately we can either potentially lend to, take public and help them with private capital raise. Many of them have already grown into situations where we think Barclays on an institutional basis can be helpful”.The aims of the project fit with Barclays’ efforts to remain a top global investment bank. Barclays has come under significant pressure in recent years to improve the performance of the unit or move capital to higher-return operations elsewhere, with the notable presence of activist investor Edward Bramson among major shareholders.However, the bank under chief executive Jes Staley has stayed the course so far, with recent results welcomed by the bank’s leadership.“We are really trying to leverage our strengths as a transatlantic bank with dual headquarters, with London as our true headquarters and New York as a real differentiating point,” said McGrath. “It’s working.” More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: Barclays Company Startupslast_img read more

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Royal Mail, Kier Group and Thomas Cook set to lose out in tomorrow’s FTSE reshuffle, as insurer Hiscox looks set to join the big league

first_img Tags: AA Company FTSE 100 Insurance Kier Group Restaurant Group Royal Mail Royal Mail’s share price has more than halved since its peak in May, and remains well below its 2013 initial public offering (IPO) price of 330p.Most of the change has been driven by a shock October profit warning plus a fall in letter volumes that saw communications watchdog Ofcom voice its concerns about the company’s long-term sustainability last week.Meanwhile Hiscox, winner of insurance company of the year at last month’s City A.M. awards, looks ready to benefit from Royal Mail’s woes as the only company eligible for promotion to the FTSE 100.The insurer’s share price has more than doubled in the past five years and has ridden out a difficult period for insurers, who have been hit by several expensive claims after a series of hurricanes and typhoons struck globally.Elsewhere, Kier Group is set to tumble out of the FTSE 250 after a troubled year for outsourcers hit the construction giant hard. Tuesday 4 December 2018 7:14 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoScientific MirrorLily From The AT&T Ads Is Causing A Stir For One ReasonScientific MirrorUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNews SharperChrissy Metz Is So Skinny Now And Looks Like A Model (Photos)News SharperUndo Kier’s misery on the stock market has been so acute in recent weeks, culminating in the group announcing a rights issue on Friday that has swung a 39 per cent wrecking ball at its share price.Thomas Cook is also facing the chop from the second tier of the FTSE index, with shares nose diving more than 50 per cent after last week’s £30m profit warning. The beleaguered package holiday provider blamed its troubles on the summer heatwave hitting its main trading period.It could be better news for Small Cap companies Aston Martin and the Restaurant Group, both of whom are eligible for entry into the FTSE 250.Aston Martin’s hotly anticipated debut on the stock market came in October in a listing which saw the luxury carmaker valued at £4.3bn. But its shares have fallen by a quarter since then, raising doubts about whether it will move up a gear on the index.The Restaurant Group recently acquired Wagamama, but the deal left a sour taste for investors, with its share price losing 14 per cent since the takeover.The final decision will be announced after market close tomorrow, taking companies positions at the end of today’s trading as indicators of who should go up or down. center_img Alex Daniel Share Royal Mail, Kier Group and Thomas Cook set to lose out in tomorrow’s FTSE reshuffle, as insurer Hiscox looks set to join the big league whatsapp Royal Mail will need a miracle to avoid relegation from the FTSE 100 Index tomorrow, as insurer Hiscox looks ready to step into its place as a blue chip firm.The winners and losers of the last FTSE reshuffle of the year are to be announced tomorrow afternoon, with Thomas Cook, Kier Group and the AA also among those facing the drop.last_img read more

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Will this be a year for investors to fear?

first_img Opinion City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Finally, despite the excitements seen during December in the UK political arena in the last few weeks, we should remain optimistic of a soft Brexit which should help to dampen recession fears.Despite the rhetoric and volatility, do not lose faith in UK assets looking ahead into 2019. As Warren Buffett once observed: “be greedy when others are fearful”. Share Chris BaileyChris Bailey European strategist at Raymond James. whatsapp A new year always offers the chance of a reset, of evolved thoughts, ideas and insights.Even though many will be pleased to see the back of 2018, numerous investors are beginning this year with new concerns: an oncoming recession. center_img Will this be a year for investors to fear? Wednesday 9 January 2019 4:18 pm Tags: Brexit Emerging markets Eurozone People Quantitative easing Warren Buffett whatsapp This fear seems suddenly rampant among many of my colleagues in the industry. But these fears are unfounded.Many recessions fears are based on a belief that the trade war between the US and China will intensify as the year progresses. This seems to be an unsupported concern.The clear rationale exists for China and America not to exacerbate the situation. After all, the President’s best bet to get re-elected is a strong economy supported by thriving commerce, and the Chinese also want a stable external environment to get on with their hugely necessary domestic economic reforms.Despite the difficult timing of a certain well-publicised arrest in Canada, we should be heartened to read recent reports about good progress in initial discussions.At the regional level, less angst about world trade provides a better backdrop for markets outside the US, which tentatively over the last couple of months of 2018 started to outperform. This should continue in 2019, and certainly drives the theme of emerging market outperformance which should be one that continues to develop over the year.This is partially a value call, partially a response to the likely impact of a lower dollar on global fund manager flows and allocations, and partially a reflection that reform levels in key global emerging markets such as China continue to impress.As for Continental Europe, it is likely that the European Central Bank will follow through on its desire to stop new quantitative easing at the margin. A rate rise in late 2019 still remains very plausible and this would be a good step. However, Europe still needs some help and a greater use of fiscal policy is sensible.This is consistent with an Italian budget deal and more fiscal spending at the margin from other key Eurozone countries, as noted in the 2019 proposed German budget and even the recent Macron response to his “hi-vis” recent local rioting.Europe will remain macro noisy, but at the micro level, many may be surprised at the prediction that Europe will beat the US when it comes to earnings per share in the year ahead. The large cap indices for both regions are currently expected to exhibit 8 per cent plus earnings per share growth in 2019 year-on-year.last_img read more

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Fresh round of US-China talks set to start today in bid to resolve trade war

first_imgTuesday 19 February 2019 9:22 am Read more: FTSE 100 hits fresh four-month highThe week-long optimism boosted global markets, which have suffered in recent months as a result of escalating tensions between the world’s two largest economies.Chinese state media said the talks were “making a final sprint” towards a potential, striking a fresh tone of optimism. Fresh round of US-China talks set to start today in bid to resolve trade war Callum Keown whatsapp whatsappcenter_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Read more: US-China trade talks ‘making a final sprint’ – Chinese state mediaPresident Donald Trump has set a 1 March deadline for a deal, after which he said he would increased tariffs on $200bn (£154.8bn) worth of Chinese imports to 25 per cent from 10 per cent.But reports emerged last week that Trump was willing to push the deadline back 60 days.It is hoped this week’s talks will negate the need for a deadline and that the two nations will reach a deal.Last week a US delegation visited Beijing and after prolonged discussions both sides reported that progress had been made. Tags: Trading Archive Share A fresh round of talks between the US and China will begin in Washington today in a bid to resolve the ongoing trade war.Deputy-level talks will start today, while higher level discussions will take place later in the week as China’s Vice Premier Liu He arrives in the US.last_img read more

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US-China summit delayed until negotiations to end trade war are finalised

first_imgFriday 8 March 2019 1:01 pm Michael Searles US-China summit delayed until negotiations to end trade war are finalised whatsapp The summit between US president Donald Trump and Chinese president Xi Jinping will be pushed back beyond the planned end of March date in order to finalise negotiations.  whatsapp No date has yet been agreed but it had originally been pencilled in for 27 March or 28 March in Mar-a-Lago following Xi’s planned trip to Europe.Read more: The Democrats have embraced Trump’s childish insults and illiterate ideasIt was revealed on Friday by US ambassador to China Terry Branstad that those plans are now off and there are no dates set for a summit, but he did insist a deal was close to being completed.“I am more hopeful now than I have been in a long time that we will see a significant trade agreement reached addressing some of these fundamental issues that have not be addressed for a long, long time,” Branstad said in an interview with Bloomberg.The reason for the delay to the meeting is to have an agreement in place and avoid an embarrassing stand-off.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruParenting FactorLily From The AT&T Ads Is Causing A Stir For One ReasonParenting FactorPost FunRare Photos Show Us Who Meghan Markle Really IsPost FunNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldGrowitchRemember Penny From The Big Bang Theory? This Is Her NowGrowitch Share Read more: Former Trump campaign boss jailed for financial crimesChina is hoping to avoid a situation such as the US summit with North Korea, where Trump opted to walk out of a meeting with North Korean leader Kim Jong Un without an agreement in the summit in Vietnam last month.Both parties would prefer any meeting to be a matter of a formality rather than being a key stage of the negotiations. Tags: Donald Trump People Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?Vegamour’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapThis Is How Often You Should Cut Your HairVegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap last_img read more

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