News: Money

US stocks make small gains as media companies prosper

Saturday  12:35,   27 may 2017
Press Association

US stocks have made small gains as media companies and sellers of beauty products and food moved higher. Major indexes added to their winning streak and record highs.Beauty products maker Ulta rose after a strong first-quarter report and competitor[...]

Pound down further as opinion poll shows Labour chipping away Tory lead

Saturday  12:35,   27 may 2017
Press Association

The pound continued its slide against the dollar and euro on Friday after a shock opinion poll showed that Labour continues to eat into Theresa May's lead.The pound continued its slide against the dollar and euro on Friday after a shock opinion[...]

Parties 'not being honest' on likely tax rises

Saturday  12:10,   27 may 2017
Sky News

Neither of the two main political parties are "being really honest with the public" over their tax and spending plans, a think-tank has warned. In its assessment of the Conservative manifesto, the Institute for Fiscal Studies (IFS) warned [...]

House prices — sellers forced to offer discounts

Saturday  12:05,   27 may 2017
The Financial Times

Selling houses is a tough business these days. As house price growth has slowed, transaction levels have fallen and buyers have increasingly gone into retreat. So when its owners recently decided to sell, they confidently expected to get[...]

Legal & General plans Dublin move to serve EU clients after Brexit

Saturday  08:25,   27 may 2017
Press Association

Insurer Legal & General (L&G) has announced plans to shift some of its business to Dublin once Britain leaves the European Union. The FTSE 100 firm will move part of its investment management operation to Ireland so it can continue[...]

Trump reportedly calls Germans ‘very bad’; threatens to end German car sales

Friday  19:50,   26 may 2017
CNBC

U.S. President Donald Trump has reportedly reignited tensions with his EU counterparts in the latest leg of his international tour after calling the Germans “very bad” for their trade surplus with the U.S. The president vowed to block German car[...]

FTSE 100 at all-time high, with the pound knocked below $1.29

Friday  13:45,   26 may 2017
MarketWatch

The FTSE 100 was at an all-time high Friday, as the pound dropped against major rivals after a poll showed a further narrowing of the Conservative Party’s lead before the general election. The FTSE 100 (UK:UKX) was up a modest 0.2% to 7,534.13, but [...]

This Is What the Size of May's Majority Means for the Pound

Friday  13:35,   26 may 2017
Bloomberg

Currency traders are setting Prime Minister Theresa May a low bar on the majority her party should win at next month’s election in order for the pound to emerge unscathed. While some betting markets and models have predicted that May’s Conservative[...]

UK car production falls by 18% in April

Friday  12:40,   26 may 2017
Sky News

The production of cars in the UK fell by almost a fifth in April compared to the same month of 2016, with the timing of Easter blamed for the drop. Figures from the Society of Motor Manufacturers and Traders (SMMT) showed that around 122,000 cars[...]

Trump talks trade with EU, varied differences remain

Friday  12:40,   26 may 2017
Reuters

By Alastair Macdonald and Philip BlenkinsopIn talks before a summit of NATO leaders at the Atlantic military alliance's headquarters across town, an EU source highlighted that Trump had voiced fears that Brexit could cost U.S. jobs -- a possible[...]

Ryanair will move UK fleet - but not to Dublin

Friday  12:40,   26 may 2017
Independent.ie

Ryanair has already decided where its 85 aircraft based in the UK will be repositioned to in 2019 if a hard Brexit results in no aircraft being able to fly between the UK and the EU. He said that with a hard Brexit the airline will in[...]

U.K. Now Sees `Special Relationship' With U.S. as Not So Special

Friday  12:40,   26 may 2017
Bloomberg

The term “special relationship” was used in 1946 by Winston Churchill to describe Anglo-American ties and was evoked by Prime Minister Theresa May as she flew to meet Donald Trump in January. It’s not so special now. The alliance faces its gravest[...]

Oil drops after OPEC-led output cut extension falls below expectations

Friday  12:40,   26 may 2017
Reuters

By Henning[...]

Aston Martin makes first first-quarter profit in a decade

Thursday  14:55,   25 may 2017
Reuters

The 104-year old firm, made famous for making the sports car driven by secret agent James Bond, has made an annual loss in each of the last six years. Pre-tax profit reached 5.9 million pounds in the first three months of the year, while revenues[...]

Hong Kong Faces China Collateral Damage on Moody's Downgrade

Thursday  09:15,   25 may 2017
Bloomberg

(Bloomberg) -- Hong Kong saw its debt rating cut by Moody’s Investors Service hours after China’s downgrade, highlighting potential risks from a tightening economic integration. The former British colony has seen not only its property and stock[...]