Gamasri Dhawan

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'Prepare for volatility': Wall Street braces for a wild Election Day

In fact, the S&P 500 closed down for the ninth-straight day Friday— something that has not happened since December 1980. (However, the actual percentage decline was not enormous.)<p>Stocks have been punctured as of late by a combination of mixed third-quarter earnings results as well as tightening in …

United Kingdom

Higher inflation and rising debt threaten millions in UK

UK households should brace themselves for a combination of rising inflation, low pay and increased debt that will squeeze living standards next year and push more people into financial difficulty, experts have warned.<p>Higher inflation, weak wage growth and rising levels of consumer debt are expected …


Brexit fails to dent demand for cars, says Pendragon

The prospect of Brexit and the economic uncertainty it is bringing has failed to dampen motorists’ desire for a new set of wheels, according to car dealer Pendragon.<p>Britain’s largest car dealer group used a trading update to report steadily rising profitability on new and secondhand car sales, …


Top Banks Preparing to Leave the UK (GS, JPM) | Investopedia

A number of top banks have begun planning to leave the UK as the fallout from Brexit continues. In what would be a calamity for the British financial …

United Kingdom
Stock Markets

The City of London will be fine after Brexit – and a vengeful Europe would be shooting itself in the foot

In just over 100 days since the referendum there have been plenty of assumptions by economists and international competitors about London’s future as a financial centre.<p>Brexit presents clear and present risks. Our financial markets – which raise billions of pounds of investment capital for UK and …

It’s not just Deutsche. European banking is utterly broken 

A little while back I somewhat unwisely penned a column declaring the financial crisis essentially over. All I meant by this was that with the return of full employment and rising living standards, most of the economic wounds of the crisis had healed, at least in the US and the UK.<p>Yet as is evident …

United Kingdom

Britain's ruling classes were only group to vote to stay in the EU at referendum, major new report finds

Britain’s ruling classes were the only group who voted overwhelmingly to stay in the European Union, a new report has found.<p>The report from the Centre for Social Justice and Legatum Institute found that people in the “AB” class – the middle and upper classes - were the only group which had a …

Enterprise Tech

Jeremy Corbyn vows to use Brexit to shift Britain to the Left

Jeremy Corbyn today vowed to use Brexit to shift Britain to the Left, welcoming the death of EU rules restricting state aid and requiring public …

United Kingdom
European Union

Brexit deal threatened with veto by four countries unless Theresa May guarantees their citizens right to work in Britain

A group of four central European countries have threatened to veto Theresa May’s Brexit deal unless she guarantees their citizens the right to work in Britain.<p>In a dramatic warning on Saturday, the Prime Minister of Slovakia said his country - along with Hungary, Poland, and the Czech Republic - …

European banking shares dive amid threat of $14bn Deutsche Bank fine

Fears that Deutsche Bank could face a $14bn (£10.5bn) penalty from the US authorities for mis-selling bonds in the run-up to the financial crisis prompted an 8% plunge in its shares and raised fears about the potential bills for rival lenders involved in similar investigations.<p>Even as Deutsche …