Goldman Sachs profits fall 20%; US-China trade deal hopes grow – business live | Business

The sharp rebound in equities seen this year is beginning to look a little tired and markets were little changed amidst a downbeat set of forecasts from the IMF. While the IMF cuts its global growth forecast for 2019 and warned of downside risks, it is still projecting but with little conviction some recovery in […]

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Growth fears weigh on markets; City demands Brexit progress – business live | Business

The foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea. Photograph: Ahn Young-joon/AP Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Growth worries are weighing on the markets again today, as the International Monetary Fund warns that the global […]

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UK construction activity drops as Brexit spooks clients – business live | Business

9.43am BST09:43 British builders have been stockpiling raw materials in case of a hard Brexit, according to the PMI report. Joe Hayes, economist at IHS Markit, explains: Brexit-related uncertainty continued to generate indecisiveness, ultimately hitting order book volumes. Furthermore, strong competition for contracts was also reported by some panel members. The outlook was subsequently underwhelming […]

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UK and US housing figures fuel slowdown worries – business live

Rolling coverage of the latest economic and financial news, including weaker-than-expected housing data from Britain and America Latest: US housing starts drop UK mortgage approvals weaker than expected Brexit uncertainty is holding back demand for houses Earlier: Plumbing firm Ferguson in profits warning German consumer confidence fell this month Markets gripped by recession worries 1.36pm […]

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Stronger pound reflects City’s relief at receding no-deal Brexit | Phillip Inman | Business

The pound jumped to a fresh 10-month high on Wednesday after it became obvious that Britain will avoid crashing out of the EU without a deal. Obvious, that is, to City traders, who have always bet that a deal is the most likely outcome of the Brexit talks and now believe it to be a […]

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Pound hits 21-month high as Brexit delay looms – business live | Business

“The Prime Minister is right to put her cards on the table for what happens if she fails to get approval for a withdrawal deal by 12 March. Parliament must feel and accept the weight of responsibility that is on their shoulders. The message from our members is clear, nearly 80% would choose to avoid […]

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Pound falls from two-week highs after Tory MPs quit party over Brexit

The pound fell from a two-week high ahead of Theresa May’s visit to Brussels on Wednesday. The Prime Minister was headed to the Belgian capital in a bid to break the Brexit deadlock, and sterling had risen to £1.3076 earlier in the session amid optimism that Ms May could find a way to solve the […]

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UK economy contracts in December as pre-Brexit slowdown bites – business live | Business

“It is particularly worrying to see business investment contracting significantly again, as it will impact the UK’s longer term productive capacity as well as productivity performance, and points at a low vote of confidence from business in the UK’s future. The contraction in manufacturing, despite the relatively weak pound and while the UK economy is […]

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Chelsea fan accused of racially abusing Sterling says he called him a MANC c*** not a black one

The Chelsea fan accused of calling Raheem Sterling a ‘f***ing black c***’ has been named today and admitted: ‘I’m deeply ashamed by my own behaviour’. Colin Wing, 60, was caught on camera screaming insults at the Manchester City player in a Premier League match at Stamford Bridge on Saturday. Mr Wing, from Beckenham, south-east London, says that he […]

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Thatcher, Noor Inayat Khan … or Del Boy? Battle launched to be face of new £50 | Business

The announcement that the Bank of England is to introduce a redesigned polymer £50 note has sparked speculation as to who might feature on it. The Bank says it will seek public nominations via “a character selection process”. Campaigners have already begun backing their favourites. The political blog Guido Fawkes has started to petition for […]

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