Employers at legal risk after Brexit
Companies seek advice after pro-Leave staff complain of referendum-linked ostracism
FT | Fri, 12 Aug 2016 15:41:55
How stupid is Britain? This chart of household savings shows just how unprepared we are for the self-inflicted Brexit recession
How stupid are British voters? A majority of Brits voted in favour of leaving the European Union despite being warned that it would be economically damaging. The vote was carried in large part by the segments of the population likely to suffer most in a recession. Here is a demographic ...
Jim Edwards / Business Insider | Fri, 12 Aug 2016 15:30:56
Brookfield's U.K. assets could see boost from Brexit
Brookfield's U.K. portfolio, like Center Parcs U.K. Group Ltd., a short-stay family resort, may actually stand to benefit from the fallout of the vote
Scott Deveau, Bloomberg News / Financial Post | Fri, 12 Aug 2016 14:53:39
Impact Of Brexit On Private Equity
Impact Of Brexit On Private Equity by Preqin Fund Manager Outlook Jeanne Kroeger examines the results from Preqin's June 2016 survey of 187 private equity fund managers to find out their views on the latest industry developments and the challenges [...]
VW Staff / Value Walk | Fri, 12 Aug 2016 14:53:15
Eurozone growth slows, France and Italy falter
Eurozone second quarter growth slowed sharply, official data confirmed on Aug. 12, weighed down by Brexit concerns and a poor performance in struggling France and Italy
Hurriyet | Fri, 12 Aug 2016 14:19:00
Brexit faces new legal challenge
A new legal challenge to Brexit has been launched in Northern Ireland. The move could potentially stop or slow the U.K.'s plans to leave the European Union.
CNN | Fri, 12 Aug 2016 14:15:10
New legal challenge to Brexit from Northern Ireland
A new legal challenge to Brexit has been launched in Northern Ireland. The move could potentially stop or slow the U.K.'s plans to leave the European Union.
CNN | Fri, 12 Aug 2016 14:13:57
Recession is already here for a crucial part of the British economy - and it is only going to get worse
Recession is a word that has been thrown about an awful lot in the UK in the aftermath of the country's vote to leave the European Union. Several recent forecasts, including those from Credit Suisse and Barclays, suggest that Britain is plunging toward recession, and soft economic releases like PMIs ...
Will Martin / Business Insider | Fri, 12 Aug 2016 14:12:57
ThyssenKrupp posts Q3 profit beat, says Brexit will not affect Tata talks
Seeking Alpha / Seeking Alpha | Fri, 12 Aug 2016 14:12:26
Brexit a boon for UK and Europe
The Leave vote is a vote for future opportunity.
Austrailian | Fri, 12 Aug 2016 14:00:00
UK construction sector slips into recession for first time in four years
Figures from the Office for National Statistics show the industry was struggling even before the Brexit vote The UK's construction industry has slipped back into recession for the first time in four years, according to official figures that show the sector was struggling even before the vote to leave the ...
Katie Allen / Guardian | Fri, 12 Aug 2016 13:09:01
Airbnb says people are flocking to London
The UK may have voted to leave the European Union, but Mayor Sadiq Khan of London is doing everything he can to ensure that London remains a global city. According to Airbnb, his efforts are working. After the so-called Brexit vote on June 23, Khan launched a global campaign to ...
Money Game | Fri, 12 Aug 2016 12:41:00
Euro-area slowdown puts onus on Germany as Brexit risks gather
Germany kept its place as the pillar of the euro-area economy in the second quarter, offsetting stagnation in Italy and supporting momentum before Brexit
Piotr Skolimowski, Bloomberg News / Financial Post | Fri, 12 Aug 2016 12:33:45
What is the Early Impact of Brexit?
It's been over a month since the U.K. voted to leave the European Union, and the Bank of England hasn't wasted any time trying to stimulate the economy. But just what has the impact of the Brexit vote been so far? Here's a run through of some of the recent ...
Giles Turner / MoneyBeat | Fri, 12 Aug 2016 12:25:14
No Vacation from History
My annual vacation in the Frisian Caribbean usually falls into what the German media call the Sommerloch ("summer hole"): nothing to report. Not so this year. Between Brexit, the rise of populist parties, Nice, Munich, Italy's collapsing banks, negative interest ... The post No Vacation from History appeared first on ...
Online Library of Law and Liberty | Fri, 12 Aug 2016 12:00:56
Consumer Spending Growth Softens In U.K. Post-Brexit: Barclays
The latest Barclaycard data reveals that consumer spending growth softened post-Brexit, with the Underlying Spending Growth Index dropping sharply in July to 5.3%, the lowest level since January 2014. Dennis Jose and colleagues at Barclays point out in their August [...]
Mani / Value Walk | Fri, 12 Aug 2016 12:00:30
HSBC: GBP Needs To Fall Further With a current Account Deficit Comparable To Some Small EM Economies
The primary loser from Brexit is sterling, and it doesn't look as if the currency is set to recover its losses anytime soon. With a current account deficit comparable to the size of some small emerging market economies, a political [...]
Rupert Hargreaves / Value Walk | Fri, 12 Aug 2016 11:37:03
Brexitwatch: How is the UK doing?
The BBC looks at the latest impact of the Brexit vote on the UK's economy, and housing and jobs markets.
BBC | Fri, 12 Aug 2016 10:40:11
Brexitwatch- Consumers feel the pinch and a bumpy road ahead
The long bumpy road ahead and the potential potholes the UK economy face post Brexit were underlined further this week. Britain has yet to pull the trigger on Article 50 to begin leaving the EU but rumbles of the consequences are already being felt. Cost to UK of leaving the ...
Proactive Investors | Fri, 12 Aug 2016 10:02:00
Trade wars ahead for US: Economist
Willem Buiter, Citigroup chief economist says both Hillary Clinton and Donald Trump's trade proposals are not good for trade and are dangerous to global economies. Also Buiter shares his thoughts on further Brexit in the EU, and central banks inserting "helicopter money" in the economy.
CNBC | Fri, 12 Aug 2016 09:52:00
Eurozone growth slows as Italy, France falter
BRUSSELS - Eurozone second quarter growth slowed sharply, official data confirmed Friday, weighed down by Brexit concerns and a poor performance in struggling France and Italy.
Bangkok Post | Fri, 12 Aug 2016 09:45:00
Honohan on Ireland and Brexit
Vox EU carry an interview with Patrick here. You should be able to listen to it by clicking the bar below.
Stephen Kinsella / Irish Economy | Fri, 12 Aug 2016 09:01:57
Investors should beware over-exposure to UK stocks, says deVere Group
UK-based investors should avoid over-exposure to their home market amid 'Brexit' turmoil, financial adviser deVere Group says. They should be wary of the relatively high valuation of UK stocks and the weakening economy despite the FTSE 100 hitting its highest level in more than 13 months on Tuesday, deVere's 's ...
Proactive Investors | Fri, 12 Aug 2016 08:57:00
Even after Brexit, Airbnb says 'London is more popular and diverse than ever'
The UK may have voted to leave the EU, but London mayor Sadiq Khan is doing everything he can to make sure that London remains a global city, and according to Airbnb, his efforts are working. In the wake of the Brexit vote on June 23, Khan launched a global ...
Tina Wadhwa / Business Insider | Fri, 12 Aug 2016 08:18:00
Eurozone: GDP growth expected at 1.5% this year and just 1.0% in 2017 - RBS
Research Team at RBS, suggests that the Eurozone economies appear to have weathered the Brexit storm pretty well so far and certainly better than they
Sandeep Kanihama / FX Street | Fri, 12 Aug 2016 07:55:04
The German economy is on a tear - shrugs off Brexit like it never happened
Germany's economy is on a tear, beating expectations in the second quarter of 2016, according to the latest economic data released by Destatis, Germany's statistical agency. The figures from the country show that GDP grew by 0.4% in the second quarter of 2016, double the 0.2% that had been widely ...
Will Martin / Business Insider | Fri, 12 Aug 2016 07:48:00
Dutch GDP grew 2.3 pct y/y in Q2, Brexit impact not felt yet
AMSTERDAM, Aug 12 (Reuters) - Dutch GDP grew 2.3 percent in the second quarter from the same period in 2015, Statistics Netherlands said on Friday, on a mix of rising investment, consumption and...
Reuters | Fri, 12 Aug 2016 07:34:27
WSJ City: Negative Yielding Gilts; The UK's New Military Fund; Private Equity's Brexit Challenge
Good morning from London. Here's essential reading for the City today from WSJ City. For updates throughout the day, you can download WSJ City for iPhone here or Android here You'll need to open this email on your mobile device to do this. And you can sign up to receive ...
Josie Cox / MoneyBeat | Fri, 12 Aug 2016 06:41:54
Further reading
Elsewhere on Friday, - The Economist does the Keynesian multiplier. - What is the opportunity cost of additional government borrowing? - "Contrary to market perception, bank recapitalisation and bailouts [in China] have begun," said UBS's Jason Bedford. - Central bank deposits for you and me. - Brexit harm denial and ...
FT Alphaville | Fri, 12 Aug 2016 05:26:32
Stocks Providing Wealth Across The Board. Amazon, Google, IBM And Walmart All Set Year Highs
Stocks made all-time highs on Thursday with shorts caught off-guard, again. Since Brexit, the market is up well in excess of 7%. Given that the risk-free return is practically nothing; those who have sought excess returns through investments in equities are quite pleased. Amazon (AMZN), Google (GOOGL), IBM and Walmart ...
Fred Oltarsh, Contributor / Forbes | Fri, 12 Aug 2016 04:00:00
The UK's Post-Brexit Pension Crisis Is Getting Worse
If these figures are correct, it suggests the UK's pension deficit has exploded by almost £50 billion from the all-time...
Distressed Volatility | Fri, 12 Aug 2016 02:30:00
Gold demand jumps 15% in Q2 amid global turmoil
London: Demand for gold soared in the second quarter as investors sheltered from global turmoil including Brexit, the World Gold Council said yesterday.
Bangkok Post | Fri, 12 Aug 2016 01:00:00
Brexit vote spawns opportunities for Canada Pension Plan Investment Board: CEO
The CPP fund's investment return in the first quarter took a hit from market volatility driven in part by the surprising outcome of the Brexit vote
Barbara Shecter / Financial Post | Thu, 11 Aug 2016 22:22:15
Telegraph: Number of homes on the market at record low as Brexit uncertainty hits house prices
The level of market activity, such as the amount of new buyer inquiries and the number of agreed sales, continued to fall, according to the Royal Institution of Chartered Surveyors (Rics).
tom101 / House Price Crash | Thu, 11 Aug 2016 21:42:34
Mott Capital Management 2Q16 Letter To Investors: TSLA Short
Mott Capital Management letter to investors for the seoncd quarter ended June 30, 2016. Just when you get a minute to breathe the market knocks the wind out of you. The last blow came in the form of the Brexit. [...]
Value Walk | Thu, 11 Aug 2016 21:40:24
Post-Brexit offshore fund inflows to strengthen the baht
Kasikornbank (KBank) has revised upward its year-end forecast for the baht to 35.50 against the US dollar from the prior 36.20, citing a wave of offshore fund inflows in the wake of Brexit.
Bangkok Post | Thu, 11 Aug 2016 21:00:00
Eurekahedge Hedge Fund Index Books Fifth Straight Gain in July
Hedge funds posted their fifth consecutive month of gains in July, according to a flash update of the Eurekahedge Hedge Fund Index, as managers capitalized on a return to risk-on stances in equity and debt markets following Britain's Brexit. read more
FINalternatives | Thu, 11 Aug 2016 20:49:16
GBP/USD: remains very vulnerable to Brexit still - FXStreet
Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair fell to a fresh 4-week low of 1.2935, with intraday bounces afterwards ...
Ross J Burland / FX Street | Thu, 11 Aug 2016 19:52:54
Barclays Worth $11 Despite Headwinds Presented By Brexit Over Coming Years
Since the beginning of the year, Barclays has seen its shares lose more than 35% of their value, primarily as investors dumped shares of the U.K.-based banking giant in light of the negative impact Brexit will have on the bank's profitability over coming years. The bank's share price was already ...
Trefis Team, Contributor / Forbes | Thu, 11 Aug 2016 19:00:00
Brexit concerns ease for UK insurers
Half-year results broadly reassure with badly hit life groups back above pre-crisis level
FT | Thu, 11 Aug 2016 17:01:26
Print-only Private Eye bucks online trend
Sales of magazine hit 30-year high in post-Brexit boost that has also helped Spectator and Economist
FT | Thu, 11 Aug 2016 17:00:26
GBP/USD: weak data and lower yields are weighing on the GBP - Scotiabank
In respect of GBP/USD, analysts at Scotiabank explained that weak data and lower yields are weighing on the GBP.
Ross J Burland / FX Street | Thu, 11 Aug 2016 16:53:38
WSJ City's Brexit Briefing: London's Position as Talent Magnet In Spotlight, Housing Demand Dwindles, Sympathy for the Civil Servants
Good afternoon from London. Here's essential reading for the City on today's Brexit developments from WSJ City. For updates throughout the day, you can download WSJ City for iPhone here or Android here. You'll need to open this email on your mobile device to do this. And you can sign ...
Darren Lazarus / MoneyBeat | Thu, 11 Aug 2016 15:57:08
Milan bourse closes above 16,900 for first time since Brexit
Milan, August 11 - The Milan stock exchange advanced Thursday as the benchmark FTSE MIB index added 1% to close at 16,969 points. The index rose above 16,900 points for the first time since a majority of British voters opted for their country to leave the European Union. The FTSE ...
Gazzetta Del Sud | Thu, 11 Aug 2016 15:56:00
Brexit? What Brexit? European Stocks Recover All "Worst Case Scenario" Losses
So the question is... if Italy leaves, will stocks go even higher?
Tyler Durden / Zero Hedge | Thu, 11 Aug 2016 15:43:26
GBP/CHF breaks below 1.2600, eyes July lows
GBP/CHF accelerated the decline during the last hours and now it appears to be headed to test post-Brexit referendum lows, that reached back on July 6...
Matías Salord / FX Street | Thu, 11 Aug 2016 15:29:36
EURGBP - New Post-Brexit High in Sight
The euro is closing in on the post-Brexit highs against the pound today and could be eyeing levels not hit since August 2008. A weak performance in the pound towards the end of last week combined with a strong performance in the euro in the last couple of days has ...
Craig Erlam / OANDA | Thu, 11 Aug 2016 15:25:40
Avoiding the Bond Trap When Volatility Strikes
By Giralda Advisors When stocks exhibit volatility, there is a tendency for investors to rush into traditional safe-haven assets such as bonds. Recently, this was again evidenced following the Brexit referendum vote, when the high demand for bonds further pushed bond prices up, and bond yields significantly lower. While equity ...
ETF Trends | Thu, 11 Aug 2016 15:11:56
My Flight And 8 Fabulous Hotel Nights In London Cost Less Than $500
Photo Credit: Janice Schacter Lintz My daughter was meeting me in London, England. London's hotels are pricey even with the post-Brexit exchange rate. My goal was to travel to London for eight days using points to cover most of the expenses. Staying at one property would have been easier but ...
Janice Schacter Lintz, Contributor / Forbes | Thu, 11 Aug 2016 15:00:00
Sluggish Fed the big threat, not Brexit
• Pound's post-Brexit fall restores UK costs to competitive level • Rebalancing towards Midlands/North, less income inequality • Short-term recession, financial business less, trade uncertainty • US growth to return to 2%-plus after slowdown • Weakness of exports, business capex and inventories reversing • Productivity growth now only ½% means ...
Lombard Street Research | Thu, 11 Aug 2016 14:49:55
EUR/GBP at fresh 1-month highs above 0.8600
EUR/GBP is back above 0.8600 and printed a fresh 1-month high at 0.8616, as it continues to approach to post-Brexit highs.
Matías Salord / FX Street | Thu, 11 Aug 2016 14:43:35
U.S. Economic Update And Financial Market Review - July 2016
July was an uneventful month, as equity and credit markets continued to drift higher after the June shock of 'Brexit' wore off. U.S. payrolls data shows a continued, if uneven,... The post U.S. Economic Update And Financial Market Review - July 2016 appeared first on See It Market .
See It Market | Thu, 11 Aug 2016 12:58:39
TUI says profits set to rise as holidaymakers head west instead of Turkey, North Africa
TUI Group, Europe's largest tour operator, said it was on track to meet its profit target this year as more European holidaymakers head further west and Britons remain eager to go abroad despite the fall in sterling following the Brexit vote
Hurriyet | Thu, 11 Aug 2016 12:57:00
Brexit: the view from Eastern Europe
I can't believe what I'm seeing. Anders Adermark, CC BY-NC-ND Anyone who has been exposed to only the British media before and after the Brexit referendum would be amazed to find out how different the narrative has been outside the UK. The public discourse on Brexit in the UK has ...
Jan Culik, Senior Lecturer in Czech Studies, University of Glasgow / The Conversation | Thu, 11 Aug 2016 12:53:02
Brexit Britain will miss cheap EU funds
An extraordinary case of a nation depriving itself of investment finance, writes Brian Unwin
FT | Thu, 11 Aug 2016 12:08:36
UPDATE 1-Gold investment hits record first-half levels in 2016 -WGC
LONDON, Aug 11- Investment demand for gold hit record first-half levels this year, a World Gold Council report showed on Thursday, fuelled by a push towards low and negative interest rates, and concerns over political issues such as Brexit. Strength in investment offset a drop in jewellery purchases, especially among ...
CNBC | Thu, 11 Aug 2016 11:47:00
Derwent lowers rent outlook on Brexit vote
Developer raises dividend 10% after record first half but says 'uncertainty' expected to hit demand
FT | Thu, 11 Aug 2016 11:42:43
DFS brushes aside post-Brexit fears and ups its profit forecast
TeamGB sponsor says effects of EU referendum vote likely to be limited against 'resilient' furniture market with pretax profits tipped at £65m Furniture retailer DFS has upped its full-year profit forecast, saying it has not seen any fall in demand for its products despite the Brexit vote. However, Britain's biggest ...
Julia Kollewe / Guardian | Thu, 11 Aug 2016 11:05:29
Brexitwatch: How is the UK doing?
The BBC looks at the latest impact of the Brexit vote on the UK's economy, and housing and jobs markets.
BBC | Thu, 11 Aug 2016 10:46:29
Brexit volatility fuels FX mis-selling claims
Brexit-related currency volatility is fuelling a rise in foreign-exchange product mis-selling enquiries from businesses that have been burnt on 'fiendishly complicated' currency trades.
Euromoney | Thu, 11 Aug 2016 10:15:00
Spanish economy set to grow 3.1% this year, but will fall to 2.3% in 2017
BBVA bank blames Brexit fallout and uncertainty over polices for slowdown next year
Cristina Delgado / EL PAÍS | Thu, 11 Aug 2016 09:25:08
Tui warns UK holidaymakers over rising cost of post-Brexit package tours
CEO unveils rise in UK package tours sales but says fall in sterling's value after Brexit vote will raise prices in 2017 The world's biggest travel company Tui has warned that UK holidaymakers will have to pay higher prices next summer due to the pound's tumble following the Brexit vote. ...
Julia Kollewe / Guardian | Thu, 11 Aug 2016 09:11:49
UK: RICS data sees some reversal in post-Brexit concerns - MUFG
Derek Halpenny, European Head of GMR at MUFG, notes that the pound remains broadly stable but given the general weakness of the US dollar, the GBP/USD
Sandeep Kanihama / FX Street | Thu, 11 Aug 2016 09:11:45
House prices pause for breath post-Brexit, say surveyors
The UK housing market paused for breath after the Brexit vote, but could take off again over the next 12 months, a poll of surveyors suggests.
BBC | Thu, 11 Aug 2016 08:58:41
German Economy Ministry: External risks have increased largely due to Brexit
The German economic ministry published a latest assessment report on the economy this Thursday, noting that overseas headwinds have intensified post B
Dhwani Mehta / FX Street | Thu, 11 Aug 2016 08:58:13
EUR/GBP jumps back above 0.8600, moves closer to post-Brexit highs
Extending its upward trajectory for fourth straight session, the EUR/GBP cross jumped back above 0.8600 handle and is now inching closer to post Brexi
Haresh Menghani / FX Street | Thu, 11 Aug 2016 08:36:23
Tui sees no sign of Brexit slowdown
Demand for trips to Spain and Greece offset fall in Turkey bookings
FT | Thu, 11 Aug 2016 08:29:07
PageGroup cuts UK staff after Brexit impact
Companies put hiring and investment plans on ice ahead of referendum
FT | Thu, 11 Aug 2016 07:57:31
Why Hungarian migrants want to move to Brexit Britain
Since the referendum, migrants coming to the UK to live, work and study have faced considerable uncertainties - but some remain determined to settle in the UK.
BBC | Thu, 11 Aug 2016 07:06:06
UK house price growth slows after Brexit vote - business live
All the latest economic and financial news, including new signs of weakness in the British economy 8.03am BST Britain's house prices rose at the slowest rate in three years in July, in the latest sign that the EU referendum has hurt the economy. "The rebound in the key 12 month ...
Graeme Wearden / Guardian | Thu, 11 Aug 2016 07:03:37
New money raised by equity ETFs drops 85%
Volatile trading conditions early in the year and Brexit vote scared investors
FT | Thu, 11 Aug 2016 06:30:27
EU nations' red lines for Brexit: a first look
U.K. Prime Minister Theresa May faces a daunting array of demands from European Union nations when the time comes to negotiate Britain's relationship with the bloc, an analysis of the 27 other members shows. The survey - based on responses from ministries, public comments from government officials and interviews with ...
Alan Crawford / Japan Times | Thu, 11 Aug 2016 05:39:57
The BoE and those companies materially contributing to the UK
Mark Carney is still giving more details of today's policy actions (press conference here). But for now, if you're a company considering leaving Britain because of Brexit, perhaps take a good hard look at this from the August 2016 inflation report: Continue reading: The BoE and those companies materially contributing ...
Izabella Kaminska / FT Alphaville | Thu, 4 Aug 2016 11:50:28
Let young people move: why any post-Brexit migration deal must safeguard youth mobility
Restrictions on free movement are likely to be an important aspect of the UK's new relationship with EU countries post-Brexit. Richard Bronk argues that safeguarding youth mobility should be a major principle behind any immigration reforms. He explores the economic, political and social case for preserving it, before suggesting some ...
Blog Admin / British Politics and Policy at LSE | Tue, 2 Aug 2016 09:00:30
Post-Brexit, London's Financial Center Has English Law on Its Side
ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesGetty ImagesPost-Brexit, London's Financial Center Has English Law on Its Side In its battle to keep financial institutions in London, Britain has an overlooked ally: English law.Post-Brexit, City of London Has English Law on Its Side In its ...
WSJ | Fri, 29 Jul 2016 03:16:25
What to watch for at the ECB meeting
Draghi set to wrestle with Brexit economic fallout, QE headaches and problems with Italian banks
FT | Thu, 21 Jul 2016 04:32:10
IMF cuts UK growth forecasts following Brexit vote
Predictions revised down from April as IMF says EU referendum result has 'thrown a spanner in the works' of global recovery The International Monetary Fund has slashed its forecast for UK growth next year after warning that the decision to leave the EU had damaged the British economy's short-term prospects ...
Larry Elliott Economics editor / Guardian | Tue, 19 Jul 2016 23:10:15