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ShareCast News - Press Round-Up

Wednesday newspaper round-up: Confidence, property, travel, Uber, Tesla

(Sharecast News) - Theresa May will be put under pressure at her cabinet meeting today to start planning for a no-deal Brexit, with ministers around the table expecting a vote on her future to be called within hours. Cabinet members are set to push the prime minister to step up preparations for a hard Brexit as some claim that she has repeatedly stalled spending decisions to prepare for such an outcome. - The Times
[12 Dec '18 07:17]

Tuesday newspaper round-up: North-South divide, e-receipts, Brexit, Ghosn

(Sharecast News) - Slowing growth in London since the Brexit vote has put the British economy on track to narrow the north-south economic divide over the coming three years, according to a report. The accountancy firm EY, despite warning of a weaker outlook for almost every region through to 2021 amid continuing Brexit uncertainty, said London would no longer continue to grow at a much faster pace than the rest of the country. - Guardian
[11 Dec '18 07:43]

Monday newspaper round-up: Brexit, retailers, Amazon, May, Interserve

(Sharecast News) - A pair of hedge funds owned by prominent Brexit supporters have made significant bets against companies exposed to the British consumer including big high street names. Odey Asset Management, part-owned by Crispin Odey, and Marshall Wace, part-owned by Sir Paul Marshall, have declared short positions against consumer-exposed companies, including retailers, estate agents and banks, equivalent to 149m and 572m respectively - as rising political uncertainty threatens the economy. - Guardian
[10 Dec '18 07:25]

Friday newspaper round-up: Brexit, O2, Huawei, Lyft

(Sharecast News) - Theresa May's plans for a crackdown on immigration after Brexit could cause UK companies to go bust and spark job losses across the country, the head of Britain's biggest business lobby group has warned. Carolyn Fairbairn, the director general of the Confederation of British Industry (CBI), said the measures aimed at restricting low-skilled immigration could have unintended consequences, and warned the prime minister against using "derogatory terms" about EU migrants working in Britain. - Guardian
[7 Dec '18 07:17]

Thursday newspaper round-up: Huawei CFO, Facebook, KMPG, Capita

(Sharecast News) - Canada has arrested Huawei's global chief financial officer in Vancouver, where she is facing extradition to the US in a move likely to exacerbate tensions between the US and China. Meng Wanzhou, one of the vice-chairs on the Chinese technology company's board and the daughter of the company founder Ren Zhengfei, was arrested on 1 December and a court hearing has been set for Friday, according to Canada's department of justice. The arrest is reportedly related to violations of US sanctions. - Guardian
[6 Dec '18 07:25]

Wednesday newspaper round-up: China, director pay, coal, ITV

(Sharecast News) - China has said that Beijing and Washington will push forward with trade negotiations in the next 90 days and it is confident that an agreement can be reached but doubts remain over whether the two sides can resolve their deep differences. The commerce ministry, in a brief statement on its website, also said China would work to implement specific issues already agreed upon as quickly as possible. - Guardian
[5 Dec '18 07:14]

Tuesday newspaper round-up: Banks, Sainsbury's, trains, retailers

(Sharecast News) - Financial institutions are coming under pressure from countries in the European Union to relocate more of their business from London ahead of Brexit, the City regulator has warned. Andrew Bailey, chief executive of the Financial Conduct Authority, said that companies were being lobbied to move operations to rival trading centres as countries look to maximise the amount of business they win from Brexit at the expense of the City. - The Times
[4 Dec '18 08:06]

Monday newspaper round-up: Trade truce, Brexit, Barclays, Centrica

(Sharecast News) - China has agreed to "reduce and remove" tariffs below the 40% level that Beijing is currently charging on US cars, Donald Trump has claimed, amid a trade war truce agreed by the two countries. The US president and Chinese leader Xi Jinping agreed to halt new tariffs during talks in Argentina on Saturday, following months of escalating tensions on trade and other issues. - Guardian
[3 Dec '18 07:13]

Sunday newspaper round-up: US-China, Brexit, Royal Mail, Barclays, Shire

(Sharecast News) - China and the United States have agreed to halt additional tariffs as both nations engage in new trade negotiations with the goal of reaching an agreement within 90 days, the White House said on Saturday after talks between President Donald Trump and President Xi Jinping in Argentina. - Sunday Telegraph
[2 Dec '18 11:57]

Friday newspaper round-up: US tariffs, UK recruitment, Monzo, various frauds

(Sharecast News) - The Trump administration is exploring a deal to delay further tariffs on Chinese imports in exchange for decisive talks about overhauling Beijing's economic policy, it was reported last night. Officials in Washington and Beijing have spoken for several weeks about setting up talks that could delay the tariffs until at least the end of the spring, as they seek to avert escalation of their trade war. - The Times/Wall Street Journal
[30 Nov '18 07:21]

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