Wednesday newspaper round-up: Brexit, Bank of England, Finablr IPO
London Stock Exchange Group
8,934.00p
17:14 26/04/24
European leaders have urged President Macron not to “humiliate” Theresa May as the price of granting her a long Brexit extension. In an appeal before tonight’s critical summit, Donald Tusk, president of the European Council, called on EU leaders to treat Britain with respect or risk poisoning future relations. - The Times
Financial Services
14,051.23
16:59 26/04/24
FTSE 100
8,139.83
17:09 26/04/24
FTSE 350
4,470.09
16:59 26/04/24
FTSE All-Share
4,423.59
17:14 26/04/24
International Consolidated Airlines Group SA (CDI)
176.30p
16:40 26/04/24
Nasdaq 100
17,718.30
12:15 26/04/24
Travel & Leisure
7,572.38
16:59 26/04/24
Wynn Resorts Ltd.
$95.88
12:52 26/04/24
The Bank of England could be set a target for house price inflation under plans being explored by the Labour party, with tougher powers to restrict mortgage lending to close the gap between property prices and average incomes. The shadow housing secretary, John Healey, is considering whether, under a Labour government, the Bank should be set an explicit target following a decade of runaway growth in the property market, with the aim of tackling the housing crisis. - The Guardian
The payments processing group behind the Travelex and Xpress Money brands is set to announce plans for a flotation tipped to value it at up to $3bn. Finablr, which is based in the United Arab Emirates, issued a statement confirming its “potential intention to undertake an initial public offering” via a premium listing on the London Stock Exchange to raise gross proceeds of $200m. - The Times
Travellers heading for parts of Continental Europe in April face uncertainty over more than than Brexit: the effects of industrial action. Spain is expecting the worst strike-related disruption. Security staff at Madrid airport belonging to the ATES union are threatening an indefinite strike starting on Friday 12 April in a dispute over pay and rosters. Spanish airports are likely to be disrupted by one-day walk-outs called by ground staff belonging to the Union Sindical Obrera and Union General de Trabajadores on Easter Sunday and 24 April. - The Independent
Wynn Resorts abruptly ended buyout talks with Australia’s largest casino operator after word of a potential takeover was leaked. In a tersely worded statement, the Las Vegas casino giant said it was ending all discussions with Crown Resorts. Earlier in the day, the James Packer-controlled gaming firm had confirmed that it was in acquisition talks with Wynn. - The Guardian