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September 4, 2021

M&A deal leaks are increasing (and no wonder – they pay off)

whatsapp The leakiest countries in 2015 were India (where 20 per cent of deals were affected), Hong Kong (12.9 per cent), United States (12.6 per cent), Canada (12.5 per cent) and then the UK (6.7 per cent).Read more: Conservative MP attacks culture of Whitehall leaksIn terms of sector, real estate was top (12.9 per cent), ahead of healthcare (12.5 per cent) and energy and power (9.3 per cent).In common with a longer-term trend tracked by the researchers, leaked deals achieved “significantly higher takeover premiums than those in non-leaked deals”. In 2015, leaked deals attracted a median takeover premium of 53 per cent, compared with 24 per cent for non-leaked deals.Leaked deals are also more likely to attract rival bids, with 6.4 per cent doing so, compared with 4.4 per cent of non-leaked deals. Share whatsapp William Turvill “One interpretation of these findings suggests that even an increased threat of enforcement is still not enough to deter leaks: in short, for some the potential benefits of leaking a deal still appear to outweigh the risks,” said Philip Whitchelo, vice president of strategy and product marketing at Intralinks.Read more: After subdued 2016, these bankers are calling a 2017 bounceback for UK M&A“Despite increasing scrutiny and regulation, this research shows that there are still obvious benefits associated with leaking a deal, including encouraging rival bids and boosting the value of bids.”However, Scott Moeller, director of M&A research at Cass, predicted a long-term decrease in deal leaks, citing increased regulatory enforcement and new market abuse regulations.For the research, leaks were tracked by monitoring significant trading in shares of target companies in the days leading up to a deal being announced. 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 WorkoutMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsPensAndPatronTori Roloff Confirms Devastating News About The FamilyPensAndPatronMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity Week Thursday 19 January 2017 6:00 am M&A deal leaks are increasing (and no wonder – they pay off) Tougher regulation is failing to prevent leaks around deals, new research out today shows. And no wonder – being loose-lipped about transactions generally pays off.The mergers and acquisitions (M&A) research, by Intralinks and Cass Business School, found 8.6 per cent of deals globally were the subject of leaks, either to the media or other interested parties, in 2015. This was up from six per cent in 2014. read more

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September 4, 2021

Heathrow, Gatwick and London City warn of cancelled flights thanks to freezing fog

The capital’s airports have warned of travel disruption today caused by that pesky freezing fog.Both Heathrow and London City have told passengers to expect delays and cancellations this morning as reduced visibility causes problems, while Gatwick has said it is monitoring weather conditions closely. Share Rebecca Smith Monday 23 January 2017 7:23 am whatsapp Forecasters have warned of difficult driving conditions and delays at some airports. Around 100 flights of 1,300 have been cancelled at Heathrow, while London City has cancelled about 15 and Gatwick one flight. Stansted hasn’t yet cancelled any.A Heathrow spokesperson said: “Foggy weather across the South East has reduced visibility at Heathrow. As a result, some passengers may experience disruption to their journeys today. Passengers should check their flight status with their airline before coming to the airport. Heathrow’s top priority is the safety of passengers and we apologise to those whose travel has been affected.”Read more: Zac Goldsmith is still fighting the expansion of HeathrowThe airport has warned before that as it’s operating at capacity, the effect of fog on flights can be more noticeable there than at other airports, as it doesn’t have the spare runway capacity to space out aircrafts without causing delays and cancellations. Read more: British Airways says next week’s strike will affect some Heathrow flightsSub-zero temperatures are being felt across the country, and the Met Office has issued a yellow fog warning, telling people to be aware, for the majority of southern England until 10.30am. Heathrow, Gatwick and London City warn of cancelled flights thanks to freezing fog whatsapp read more

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September 4, 2021

Buyers could be put off snapping up Co-op Bank by multi-million pound pension bill headache

whatsapp A source close to the Pace pension scheme negotiations negotiations added: “The trustee, the Co-op group and the Co-op bank are working closely together with members’ interests at the forefront of their deliberations. These interests remain well protected in a scheme that is relatively well funded.”The Co-op Bank’s annual report for 2015 notes the latest figure for the Pace pension shortfall, which was calculated on 5 April 2015, as £304m. If the lender was on the hook for a fifth on this, its bill would be closer to £61m. The Co-operative Group’s accounts show its Pace pension plan had a surplus of £1.3bn on 2 July 2016. However, sources told the Sunday Times even a conservative buyout figure for the scheme would be a deficit between £1.5bn and £2bn. Because of an agreement the lender struck in 2014, Co-op Bank would need to cough up 20 per cent – or £400m – of this.Read more: Co-op Bank’s message to customers: It’s business as usualA source at another challenger bank told City A.M. any buyer would need to “look at the impact of the pension scheme and then look at if you could plug that black hole yourself”, while another added the pension was “one of a number of very sizeable negative features”.However, a Co-op Bank spokesperson said the figure in the Sunday newspaper was “fabricated”.Read more: Co-op Bank considers bumping up base pay for executives Potential buyers for the Co-op Bank might be put off by the sizeable bill they will face for its pension scheme.The bank, which is currently 20 per cent owned by the wider Co-operative Group, announced last month that it was putting itself up for sale. Prior to this, the challenger had been embarking on an ambitious turnaround plan, after a £1.5bn black hole was discovered in its accounts in 2013. whatsapp Sunday 5 March 2017 5:31 pm Hayley Kirton Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeManuka FeedSay Goodbye to Knee Pain with These Effective RemediesManuka FeedUndoHealthy LifeLung cancer: the easily overlooked symptoms to know about!Healthy LifeUndogeasbest2Top 18 Reasons Why Cats Follow Us to The Bathroomgeasbest2UndoSoolideMan who bought boat from odd man receives mysterious callsSoolideUndoBrilliant TravelerThe Classic (And Sometimes Dubious) Outfit Choices Of Stars Meeting The QueenBrilliant TravelerUndoLA Real Estate | Search AdsReal Estate Prices in LA Might Surprise YouLA Real Estate | Search AdsUndoCrossovers | Search AdsNew 2021 Crossovers Could Change Your MindCrossovers | Search AdsUndoMovie JewelMorgan Freeman Ruined His Multi-Million Dollar Ranch To Protect The PlanetMovie JewelUndoHistory 1030 Vinyl Records Worth a Fortune TodayHistory 10Undo Buyers could be put off snapping up Co-op Bank by multi-million pound pension bill headache More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.com read more

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September 4, 2021

Here’s how much property prices will rise in the next 10 years

Given the extent to which the slowdown has affected London, the capital would see one of the lower rates of growth based on this measure, although properties would still be worth on average 24 per cent more by 2027.This will result in prices being dwarfed by those in Oxford, where Emoov estimates average property values will jump 115 per cent to £888.542 – compared with a London average of £597,544.Nottingham is tipped for the highest rate of growth across the UK. Since Brexit, house prices have grown 0.8 per cent. On eMoov’s calculations, this means prices could grow 160 per cent to an average of £346,592 by 2027. Glasgow is the second highest, with an estimated 131 per cent increase to an average of £285,487.Those at the bottom end of the scale are Newcastle, where house prices will grow just nine per cent, Norwich (15 per cent) and London.Emoov chief executive Russell Quirk said: “With latest industry figures indicating an end to the post-Brexit market slowdown that has seemingly plagued the market over the last 18 months, many UK homeowners will be breathing a sigh of relief, despite having still enjoyed a notable annual increase in their property’s value. Here’s how much property prices will rise in the next 10 years “Although these recent slower rates of price growth are unlikely to persist, and we are by no means predicting they will, this research demonstrates that the outlook would still be rather positive and far from the apocalyptic prophecy’s many have talked the market down with since the Brexit vote.” Wednesday 30 August 2017 11:35 am Property prices are being tipped to soar over the next decade, even if they continue to increase at the sluggish rate experienced since Brexit.House prices have risen by 0.37 per cent each month since the referendum – compared with 0.67 a month during the preceeding year. If the current rate of growth were to continue over the next 10 years the average UK house would be worth £347,757 – an increase of 56 per cent, Emoov estimates. Share whatsapp Catherine Neilan whatsapp read more

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September 4, 2021

The insurance industry needs to embrace blockchain, starting now

And there is another reason why now is the time to think about insurance.Although the traditional cost base has, unlike in certain areas of banking, not yet gone through a complete digital transformation and become low-cost, the industry is about to be hit by a tsunami: blockchain technology.Blockchain and smart contracts could improve sector efficiency by up to 30 per cent, according to blockchain insurance industry initiative B3i.Blockchain will make the cost of reinsurance processes and claims cheaper.The currently expensive offline process of selling to the high-net-worths and family offices that fund reinsurance and allocating a portion of a portfolio to investors will be replaced. Secure, automated distribution and payments will be held via blockchain and triggered by smart contracts. The premium is paid, and the reinsurer gets their share immediately. Financial services providers reward those who are already part of the system, and fail everyone else. The issue is exacerbated in the developed world by a behavioural shift among the millennial generation, which does not see the need for traditional banking at all. Some 63 per cent of adult millennials don’t have a credit card, according to research firm First Data.Read more: The next frontier for insurtech is reinventing insurance itselfIt is imperative, therefore, that incumbent providers start to rethink their modelsTake loans and mortgages. Historically, providers look at credit histories to determine whether to lend. Yet the young graduate with great potential but no credit history will not fit this mould. Firms like German startup Kreditech are recognising this and lending based on online data rather than a traditional credit history.But there is a huge piece of the puzzle missing in current discussion: insurance. Many insurance products are simply too expensive for swathes of the population. Here in the UK, research from Aviva shows that, out of people living in rented accommodation, three in five have no household insurance. That is 5.5m households without cover. whatsapp Share The insurance industry needs to embrace blockchain, starting now Now imagine if people were paying premiums in cryptocurrencies. Theoretically, you could have seamless payments from policyholder all the way to reinsurer. The conventional relationships between insurer, reinsurer, managing general agents and brokers could collapse.Lower operating costs mean cheaper solutions for customers – which means greater financial inclusion.Blockchain is still nascent across the insurance arm of the financial inclusion landscape, although startups like Black Insurance and iXledger are utilising it for things like transferring risk away from clients, and trading insurance products. But other technologies are already enhancing access to products and services by invoking models that actually take into account people’s lifestyles and circumstances.A big step forward is the rise of pay-as-you-go models. My own firm, PremFina, enables brokers to offer finance to their clients, removing the need to make a lump sum payment on an insurance policy – in the same way that a mortgage allows people to purchase a house. Rather than having to pay out in one go for one policy, this means you can afford multiple policies, allowing you wider coverage, at a given moment in time.This is a crucial moment for the insurance industry. We can choose to innovate around the products and services we offer, ensuring that they are customised to suit the lifestyles of consumers. And finally, we can choose to pass on the savings technology will bring to the end customer. In March 2017, the expression “financial inclusion” hit its peak popularity on Google.This is excellent news. There are over two billion unbanked individuals in the world today – people with no access to banking services. This is a global problem. In India, 19 per cent of the population – 1.2bn people – is unbanked, according to a joint Assocham-EY study, while 22 per cent of adults in Poland do not have a bank account. Wednesday 31 January 2018 2:14 pm Bundeep Singh Rangar whatsapp We ignore the challenge at our peril: if incumbents don’t step up, new entrants will.Read more: LatteCoin? Starbucks chair says there’s potential in blockchain read more

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September 4, 2021

UK Plc profits jump as banks and oil and gas prosper

whatsapp Despite the strong growth in the last year, Helal Miah, investment analyst at the Share Centre, said the picture since the financial crisis is “sobering”. An extra £703bn in revenue growth since 2007 has only given British firms an extra £31bn in profits.However, July results, which are not included in the data, “look encouraging” for future earnings, Miah said.“The outlook is positive, and the slowdown in expected earnings growth is only natural after such break-neck expansion,” he added. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com UK Plc profits jump as banks and oil and gas prosper Share Revenues across all main market-listed firms rose by 13.6 per cent to £1.97 trillion, in spite of a somewhat stronger pound reducing the sterling value of revenues in other currencies, which account for a large proportion of the earnings of the UK’s multinationals.Profits have nearly tripled in the last two years, as rising commodity prices have boosted the FTSE 100’s large mining contingent and British banks have returned to reporting big earnings following years of massive regulatory fines. Bank and financial profits in the year to the end of June were £18bn, on revenues of £175.2bn.The latest figures were distorted by the large profit boost from British American Tobacco’s acquisition of US rival Reynolds, but even stripping out that factor profits still rose by 66 per cent year-on-year.No single sector reported lower sales year-on-year, although the Share Centre noted the retail sector had weighed on profits outside the top 40 biggest firms in the last quarter.Second-quarter earnings rose by 12.4 per cent year-on-year, with revenues 5.5 per cent higher, the Share Centre found. Profits at listed British companies surged in the last 12 months as the UK’s biggest firms boosted revenues, according to data published today.UK firms listed on the main market of the London Stock Exchange earned £210.8bn in the 12 months to the end of June, the analysis by the Share Centre shows – an 86 per cent jump year-on-year. whatsapp Monday 6 August 2018 7:22 pm Jasper Jolly read more

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September 4, 2021

British consumer borrowing growth slowest since 2015 as personal debt stutters

The pace of consumer credit growth has eased over the past year, after remaining at annual rates in double figures for over a year in 2016-17 – far faster than the broader economy.While many economists believe a slower rate of credit growth would be a welcome development, a more sudden fall could herald a slowdown for the broader economy if consumers rein back spending.The pullback in borrowing growth comes as the Bank of England embarks on gradually raising interest rates after a decade of ultra-loose monetary policy, in a move which would likely slow credit creation. It raised its base rate in November and again at the start of this month, after the period covered by today’s figures. Jasper Jolly British consumer borrowing growth slowest since 2015 as personal debt stutters Thursday 30 August 2018 4:43 pm Britons also put the second lowest amount of cash on their credit cards since April 2016 during July, at £213m, while other borrowing such as car finance, personal loans and overdrafts expanded at the slowest pace since February 2016.The figures are “good news for the Bank of England”, said Josie Dent, an economist at the Centre for Economics and Business Research, although she warned it may not necessarily indicate the squeeze on household budgets is over, given signs in separate UK Finance data that consumers are saving less. whatsapp Meanwhile, the Bank has also introduced asked lenders to consider their affordability criteria in a bid to stop “pockets of risk” building up in some parts of the rapidly growing consumer credit space. British consumers added to their borrowing at the slowest pace since the end of 2015 in July, adding to signs the rapid increase in the UK’s personal debt pile is losing momentum.The annual growth rate of consumer credit, including credit cards and other forms of non-mortgage debt, slowed to 8.5 per cent, a level of expansion not seen since November 2015, according to Bank of England data published today. Share whatsapp read more

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September 4, 2021

US sends messages to Iran ‘every day’ in bid to open negotiations

Trump has previously said he would meet Iran’s leaders.Read more: Oil prices climb as Iran sanctions loomThe impending sanctions against Iran’s oil sector have contributed to a recent rise in oil prices with Brent Crude oil pushing towards $80 per barrel at times in recent weeks.The EU has instructed European companies to ignore White House demands to drop all business with Iran. Read more: The US sanctions against Iran could start a war in European courtroomsIn a speech broadcast on Iranian state TV, Rouhani said the US were sending daily messages regarding a resumption in talks.He said: “From one side they try to pressure the people of Iran, on another side they send us messages every day through various methods that we should come and negotiate together.”“[They say] we should negotiate here, we should negotiate there.“We want to resolve the issues, should we see your message or should we see your brutish actions?” whatsapp 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 HimWTFactsUndoBetterBe20 Stunning Female AthletesBetterBeUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushUndoRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowUndozenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comUndo The United States sends Iran messages “every day” in a bid to begin new negotiations, Iranian President Hassan Rouhani has said.Donald Trump withdrew the US from a nuclear deal with Iran in May and reimposed sanctions on the country, with sanctions targeting its oil sector set to come into force in November. Share whatsapp Callum Keown Saturday 8 September 2018 12:56 pm US sends messages to Iran ‘every day’ in bid to open negotiations read more

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September 4, 2021

Government caves on fixed-odds betting terminal reform in face of parliamentary backlash

first_img Crouch claimed that other politicians with interests in the betting industry were behind the delay, calling it a “fact” that some MPs are “very interested in the bookmaking industry”.Watson said: “It’s very sad that it took an honourable resignation of a good minister and a cross party revolt to achieve the blindingly obvious and necessary reforms to fixed-odds betting terminals.”Campaigners have claimed FOBT machines allow players to lose money too quickly, exacerbating issues around addiction, as well as social, financial and mental problems. The machines generate £1.8bn a year for the betting industry, and £400m in taxes. Government caves on fixed-odds betting terminal reform in face of parliamentary backlash whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryFinancial 10NHL Player’s Wife Is Hands Down The Most Beautiful Woman In The WorldFinancial 10Zen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldAffluent TimesLily From The AT&T Ads Is Causing A Stir For One ReasonAffluent TimesTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyBeach RaiderColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumBeach Raider Wednesday 14 November 2018 3:15 pm The government has U-turned on delayed changes to fixed-odds betting terminals (FOBTs), bringing forward a widely called-for cap on stakes to April, after the sports minister resigned over the issue.Shares in gambling companies rallied sharply on the news with GVC up 8.1 per cent, Paddy Power Betfair up 7.5 per cent, William Hill up 2.1 per cent and 888 up 4.5 per cent. James Booth and Louis Ashworth Jeremy Wright, the secretary of state for Digital, Culture, Media and Sport, issued a written statement to parliament this afternoon confirming the U-turn.“The government has been clear that protecting vulnerable people is the prime concern, but that as a responsible government is is also right to take the needs of those employed by the gambling industry into account and provide time for an orderly transition,” the statement said.“Parliament has, however, been clear that they want this change to be made sooner. The government has listened and will now implement the reduction in April 2019.”Shadow minister for Digital, Culture, Media and Sport Tom Watson said: “This climb down shows the disastrous political judgement of culture secretary Jeremy Wright and chancellor Philip Hammond.”Shares in major gambling companies had risen steadily on the expectation of the news, and rose sharply following the announcement. Share whatsapp Tags: Paddy Power Betfair People Philip Hammond Theresa May Head of research at Accendo Markets Mike van Dulken said the share price increase was likely to be as a result of the certainty which the announcement gave.“There is nothing worse for share prices than uncertainty, now they can get on with it, take the hit and move on,” he said.The government has committed lowering the top bet allowed on FOBT machines from £100 to £2 every 20 seconds, despite industry warnings such a change would cause job losses. Last month, the Treasury delayed the planned cut from April to October next year.Two weeks ago, sports minister Tracey Crouch quit the government over the delay, calling it “unjustifiable”. She claimed that chancellor Philip Hammond had caved under pressure from betting industry lobbying.Crouch’s resignation provoked fury among Conservative MPs, with rebels saying they backed an amendment that would have moved the cut back to April. The government had been facing a defeat on its budget legislation in parliament next week. last_img read more

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September 4, 2021

Brexit latest: Juncker refuses to reopen Brexit negotiations in ‘robust’ talks with May

first_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun “The Prime Minister and the president will meet again before the end of February to take stock of these discussions.”Sterling fell steeply against the dollar by as much as 0.4 per cent this afternoon after the Bank of England cut growth forecasts for 2019.The news comes after German chancellor Angela Merkel said earlier today that while the Brexit deal cannot be renegotiated, a solution may still be possible before the UK’s scheduled departure on 29 March.Read more: Sterling plunges as Bank of England cuts UK growth forecasts“Fifty days is not much, and 50 days is a lot, depending on how you view it,” she said ahead of a meeting with the leaders of Slovakia, the Czech Republic, Hungary and Poland, as reported by Reuters.“We all have an interest – I see that with the British parliament and the British government, with Theresa May, but with us too – in achieving an orderly exit for Britain as that is better for all of us.” Joe Curtis whatsapp Brexit cannot be renegotiated, insisted European Commission president Jean-Claude Juncker today at a meeting with the Prime Minister described as “robust but constructive”.However, UK and EU negotiators will continue to search for a path through parliament for Theresa May’s Brexit deal as they seek to save the agreement, the leaders said today. Read more: UK house prices fall at the start of 2019Juncker refused to countenance reopening talks around the Brexit deal, claiming it is a “carefully balanced compromise” between UK and EU interests.But May argued that last week’s vote in parliament to replace the controversial so-called Irish backstop with “alternative arrangements” gave her a fresh mandate to demand changes.The two sides will instead continue to talk on a possible route through parliament for the withdrawal agreement, which was voted down in December in a historic defeat for a government.“Despite the challenges, the two leaders agreed that their teams should hold talks as to whether a way through can be found that would gain the broadest possible support in the UK parliament and respect the guidelines agreed by the European Council,” a statement issued on the leaders’ behalf today said. whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Brexit latest: Juncker refuses to reopen Brexit negotiations in ‘robust’ talks with May Thursday 7 February 2019 12:31 pm Tags: Angela Merkel Bank of England Brexit Jean-Claude Juncker People Theresa May last_img read more

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