Market Buzz
Friday newspaper round-up: Brexit, Intu, RBS, piracy
The UK and EU are moving closer to a deal on a backstop solution for the Irish border that would break the impasse in Brexit talks, senior sources said last night. It is understood that British negotiators have informally tabled a proposal, first revealed by The Times, that would involve the whole of the UK remaining in a customs union with the EU until a longer term solution can be found to avoid the return of a hard Irish border. - The Times.
Thursday newspaper round-up: May, Nissan, copper, RBS
Theresa May has made a bold pledge to bring a decade of austerity to a close, as she appealed to the public over the heads of her squabbling party to back her to deliver a Brexit deal. Speaking in Birmingham on Wednesday at the end of the Conservatives’ annual conference, which was marred by repeated clashes over Europe, May cast aside the chancellor’s concerns about the health of the country’s finances and signalled Brexit would mark an end to public spending cuts.
Wednesday newspaper round-up: Italy, inflation, Unilever, Funding Circle
Theresa May is under pressure to set out a timetable for her departure after Cabinet ministers said it was now a question of “when, not if” she stands down as Prime Minister. Discussions have begun about when Mrs May should be ousted if she refuses to leave Number 10 before the next general election. - Telegraph.
Tuesday newspaper round-up: Brexit, Sports Direct, Unilever, Google
Theresa May is preparing to limit Britain’s ability to strike free-trade deals after Brexit in a significant concession to the European Union aimed at breaking the deadlock in negotiations. The prime minister is ready to propose a “grand bargain”, according to her colleagues, which would keep Britain tied to European customs rules on goods after the transition period ends in December 2020. - The Times.
Monday newspaper round-up: Nafta, insolvencies, Barclays, Melrose
The United States and Canada have reached a deal on a “new, modernized trade agreement”, which is designed to replace the 1994 Nafta pact. In a joint statement on Sunday night, the two nations said the new deal would be called the United States-Mexico-Canada Agreement (USMCA). - Guardian.