POLITICAL NEWS
27 Feb
FX round-up: Sterling ends mixed after second Scotland independence vote worries abate
money pound sterling magnifying glass

Sterling put in a mixed turn on key crosses Monday with this morning's weakness versus the US dollar recouped after worries about a second Scottish independence referendum stoked in the weekend press abated.

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27 Feb
Brexit fallout leaves BMW considering alternatives for Mini plant
mini john cooper works clubman

Britain's decision to leave the European Union is a factor in BMW's doubts over whether to make electrically-powered Minis in its Oxford factory.

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27 Feb
London close: FTSE ends higher as resources-led gains trump insurers' falls
sturgeon

Stocks in London ended Monday a little higher with gains among a resources-rich sweep of sectors beating falls in insurers and commercial property as the Tory rush to trigger Brexit hit another speed wobble in the form of Scottish indpendence.

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27 Feb
SNP may seek new independence referendum
rencontre-entre-theresa-may-et-nicola-sturgeon

Reports that the Scottish Nationalist Party (SNP) could call for a second referendum on independence after Prime Minister Theresa May triggers Article 50, the two year clock on formal negotiations with the European Union, sent the pound tumbling on Monday morning.

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27 Feb
Trump to push for huge increase in US military spending, defence stocks spike

US President Donald Trump plans to push ahead with a budget that includes a £54bn, or 9%, rise in spending on armed forces, with an equivalent cut for spending on domestic agencies.

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27 Feb
Commodities: Gold a snip ahead as markets look to Trump soapbox before Congress
india

Gold futures are a snip higher and sitting just below resistance as global markets anticipate US President Donald Trump's soapbox address to Congress on Tuesday, and also mull potential US Federal Reserve interest rate hikes this year.

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27 Feb
Warren Buffett praises effect of immigration on US economy
warren-buffett-fete-ses-50-ans-a-la-tete-de-berkshire-hathaway

Billionaire investor Warren Buffett has heaped praise on the contribution of immigrants to the US economy, and expressed confidence that American companies will continue to grow in years to come.

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25 Feb
Labour loses Copeland in historic defeat, holds Stoke-on-Trent
labour

The Labour Party suffered a humiliating defeat in its heartland seat of Copeland on Thursday night, losing it to the ruling Conservatives for the first time in 80 years and heaping pressure on Labour leader Jeremy Corbyn despite narrowly winning a second by-election in Stoke-on-Trent Central.

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24 Feb
London close: FTSE 100 dragged down by banks and miners
Sadiq Khan Mayor of London

Banks and miners led the FTSE to a lower close Friday, in a session awash with blue-chip news including disappointing annual results from Royal Bank of Scotland and Standard Chartered, among other stocks reporting.

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24 Feb
Berenberg downgrades Goldman Sachs as Trump rally 'may have peaked'
goldman-sachs-a-suivre-sur-les-marches-americains

Goldman Sachs has been downgraded to 'sell' by Berenberg as the German bank indicated its belief that the investment banking behemoth's stock is now overvalued and that it could face structural headwinds in 2017.

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24 Feb
Trump whips up CPAC with 'massive' tax cut pledge, Mexico wall timetable
cbmryen

President Donald Trump told the Conservative Political Action Conference he would "massively" lower taxes for America's middle classes as well as trimming business taxes, while also pledging to begin undoing his predecessor's 'Obamacare' healthcare laws in coming months.

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24 Feb
Mexican current account deficit narrows further in fourth quarter 2016
altos hornos de mexico port

Mexico's current account deficit narrowed over the last three months of 2016 on strength in manufacturing, but risks were on the rise, economists said.

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24 Feb
French election concerns to keep dragging stocks lower
arc de triomphe paris france europe

The upcoming French presidential elections of 23 April and 7 May are a key concern for investors as jitters seeped further into European Markets at the end of the week.

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24 Feb
Snoopers' Charter data retention on hold, says Home Office
westminster

The Home Office reportedly admitted its plans for the mass collection of data from Britons were on hold on Friday, after a recent ruling from the European Court of Justice.

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24 Feb
Royal Mail hikes postage prices in line with Brexit-charged inflation
royal mail, post

Royal Mail is hiking the price of first- and second-class postage stamps by amounts in line with UK's Brexit-charged rate of inflation, adding to the increasing shop-counter burden faced by consumers.

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24 Feb
Polish army generals removed by government despite NATO plea
NATO

Poland's government has deposed the vast majority of its military leadership as it seeks to rid the country's institutions of officials appointed by the previous government.

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24 Feb
Ex-IMF chief Rodrigo Rato sentenced to four years in prison
ep blesarato seiscuatro anosmediocarcel

A former head of the International Monetary Fund has been sentenced to four years in a Spanish jail after he was found guilty of the misuse of corporate credit cards during his time in charge of regional state-owned lender Caja Madrid.

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24 Feb
Trump insists on increasing US nuclear arsenal
donald trump

President Donald Trump has said that the US should expand its nuclear capability while there is no agreement to eradicate weapons on a global scale.

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