AstraZeneca announced it had officially received recommendations for EU approval for its breast cancer treatments Enhertu and Lynparza on Monday. The pharmaceutical giant reported the recommended approval of its Enhertu treatment for patients with HER2-positive metastatic breast cancer treated with a prior anti-HER2-based regimen, and the use of its Lynparza (olaparib) treatment for patients with […]

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5.3m people boarded Ryanair flights in June Ryanair’s passenger numbers rose sharply in June, reaching 5.3m, well up from the 0.4m recorded during the same month a year ago. The change came as the green-list was announced and then more countries were added. Even compared to the month before there was a dramatic shift, as […]

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Merkel making case for tighter travel restrictions in the EU Travel stocks took a beating on Monday as Angela Merkel suggested that the EU should categorise the UK as a “country of concern”, in addition to implementing restrictions to those travelling from the UK. The proposal by the German chancellor appears to be ongoing, and […]

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Goods exported to the EU increased by 8.6% in March to £12.7bn The UK’s exports to the European Union are close to making a recovery after they dropped by 40% at the begging of the year, according to data released by the Office for National Statistics (ONS). Goods exported to the trading bloc increased by […]

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UK GDP surpasses expectation of 4.9% contraction Rishi Sunak announced today that UK GDP fell by 2.9%, putting the figure down to the economic impact of the coronavirus pandemic. “Today’s figures highlight the impact the pandemic continued to have on our economy at the start of the year as we tackled the new variant of […]

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A new report by the London Central Portfolio (LCP) reflecting on lettings trends across 2020 has revealed that almost 50% of new tenants in prime London properties were from the European Union. New tenants in 2020 by region (%) The LCP’s data outlined the home regions of new tenants letting London properties in 2020. Travel […]

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Mounting fears of a no-deal Brexit scenario have caused UK equity funds to shed more than $2bn in the past two months, as investors opt to put their money elsewhere amid doubts over a sustained FTSE recovery. Data from financial intelligence agency EPFR Global revealed that $2.4bn has been withdrawn from funds exposed to the […]

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Sterling broke on a bad note on Thursday morning after the highly-anticipated talks between UK Prime Minister Boris Johnson and European Commission chief Ursula von der Leyen failed to culminate in a Brexit trade deal. Although an agreement to continue negotiating has reportedly been reached, hopes of a deal are becoming slimmer by the moment, […]

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According to contingency plans being developed by the UK government, ‘tens of millions’ of vaccines produced in Belgium will be flown into Britain via military aircraft, to sidestep customs delays caused by the Brexit transition. MoD and Department of Health and Social Care sources told the Observer that ‘large consignments’ of vaccines would be brought […]

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According to the government’s predictions, a reasonable worst-case scenario (RWCS) would be that the EU would enforce third country controls against UK goods at the end of the Brexit transition period. In a RWCS, the government anticipates between 40-70% of trucks travelling to the EU might not be ready for new border controls, and as […]

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Cambridge-based pharmaceutical firm AstraZeneca (LON:AZN) has announced the EU approval of Imfinzi as a first-line treatment for adults suffering from extensive-stage small cell lung cancer (ES-SCLC). The drug is to be used alongside standard chemotherapy after positive results from AstraZeneca’s Phase III CASPIAN trial showed that Imfinzi plus chemotherapy demonstrated a “statistically significant and clinically […]

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One of the first things you’re taught in international relations class is the school of neorealism, which posits that the international system exists in a state of anarchy, with all states vying for the greatest share of power. Each state’s share of power is relative and determined by their distribution of capabilities – military, economic, […]

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The FTSE 100 index (INDEXFTSE:UKX) opened on a sour note on Monday morning, sinking to a low of 6225.11 points at BST 08:25 on the back of slow progress at the EU rescue deal summit and ongoing tensions between the UK and China over Hong Kong and allegations of abuse against Uighur Muslims. EU nations […]

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The FTSE 100 index (INDEXFTSE:UKX) has dipped 1.54% or 96.70 points on the back of Tuesday’s gloomy Summer 2020 Economic Forecast published by the European Commission (EC), projecting an 8.7% contraction of the economy across the year – significantly worse than the earlier 7.7% prediction from the EC’s Spring Forecast back in May. Despite the […]

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The UK government has announced that it is set to spend £400 million on a stake in bankrupt satellite firm OneWeb, as part of its post-Brexit plan to replace the loss of access to the EU’s Galileo sat-nav system. OneWeb declared itself bankrupt back in May after the company racked up $2 billion in debt, […]

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Government sources have suggested that dozens of countries are to be made exempt from the current compulsory 14-day quarantine period upon arriving in the UK. Last week saw a surge in holiday bookings as rumours began to swirl that the Foreign Office is set to relax its standing “essential travel only” advice to allow for […]

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The UK’s High Court has ruled against the Venezuelan government in a legal battle over access to $1 billion worth of gold currently held by the Bank of England. Incumbent president Nicolás Maduro launched legal action against the Bank when it refused to hand over the gold, following opposition leader Juan Guaidó’s warning that it […]

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A set of newly-released figures by the Society of Motor Manufacturers and Traders Ltd (SMMT) demonstrate the devastating impact that the coronavirus pandemic has had on the automotive manufacturing industry. Car production was down 95.4% in May 2020 on the previous year, with just 5,314 cars produced compared to 116,035 during the same month in […]

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A new report, Manufacturing and Brexit, published by UK-EU think tank UK in a Changing Europe has outlined the extraordinary impact that Brexit is expected to have on the manufacturing sector, just as the industry fights to overcome the challenges posed by the coronavirus pandemic. The research, collated by the Economic and Social Research Council […]

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Brexit negotiations have taken another turn on Thursday. It seems that the Brexit saga is never ending, and today Michael Gove has had his say. The UK Government said to the EU that it will walk away from trade talks in June, unless a broad outline of a deal is produced. The UK Government have […]

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After being given a boost by Tuesday’s PMI results, Sterling was knocked down a peg on Wednesday by the news that the EU was moving to amend its MiFID regulations in order to remove concessions from the UK. The MiFID II was designed as a standardising regulatory package to improve protections for investors and restore […]

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After attempting to recoup some sense of hope after Monday’s painful start to December, markets lost their footing during afternoon trade, following a procession of threats and condemnations issued by Donald Trump at the NATO summit in London. Just as soon as the POTUS issued words of cooperation and partnership, he just as soon condemned […]

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If you can’t wait to hear the end of Brexit, then we’re in the same boat. Today’s deal proposal was as close as I think we’ve gotten to a largely amicable solution, and one where most parties have been able to agree to a compromise. That being said, it is widely expected that Parliament will […]

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In what amounted to a short but sweet discussion, the prime minister Boris Johnson has come away from a meeting with the EU negotiating team stating that a deal has been struck. We’ve got a great new deal that takes back control — now Parliament should get Brexit done on Saturday so we can move […]

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Prime minister Boris Johnson’s task at the EU summit just became a great deal more onerous, following a statement issued by the DUP this morning. After seemingly appearing on the brink of compromise, the prime minister will now enter talks in Brussels in the knowledge that he is to all intents and purposes, going to […]

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Chief EU negotiator Michel Barnier has said that a Brexit deal could still be reached between the EU and the UK. He said that the proposals currently on offer were not good enough, but that he was ready for Boris Johnson’s good intentions to turn into a legal document before the EU summit, which begins […]

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I promise we’re as bored of this as you are. Its almost as if the political-macroeconomic record has buffered and keeps playing the same inconsequential monthly routine on repeat. Donald Trump tweeted on progress being made with China, following rumours that it was open to the idea of a ‘partial trade deal’. Though we’ve been […]

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Moving gingerly rather than negatively, the pound Sterling and FTSE were both full of anticipation after the first bell. They both held off on their regular market-opening movements and awaited the outcome of both the August monthly GDP readings and the talks between Boris Johnson and Leo Varadkar. July revealed a surprisingly positive story for […]

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Worried about betraying the Good Friday Agreement, providing short positions to hedge fund buddies or making empty pledges on workers’ rights and trading standards? I think Boris has a cream for that. Today prime minister Boris Johnson defended his alternative backstop proposal with an approach he described as ‘glutinous emollience’, but it has thus far […]

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Eurostat – the EU’s in-house statistics body – have today released figures that lay out the woes of September industrial output in the ‘euro area’. After promising output in August, which saw 1.1% production growth within the EU28, September production in the EU as a whole dropped by 0.3%. “In the euro area in September […]

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With Brexit ‘divorce talks’ well under way, prime minister Theresa May reaffirmed her position that no deal would be made that sets Northern Ireland apart from the rest of the UK, regarding trade relations. In the forever-hindering and sensitive saga that are customs negotiations, May has categorically ruled out a customs deal that puts regions […]

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With conflicting rhetoric on how close the UK are to reaching a Brexit deal with the EU, Chancellor Philip Hammond delivered a solemn warning on the morning of the prime minister’s meeting with the EU27. Hammond has warned that should a deal fail to be brought to fruition, the resulting ‘divorce bill’ could mount to […]

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During today’s budget talks, Italian economy minister Giovanni Tria has said that the country will make efforts to cut its deficit in 2020 and 2021, which is earlier than the time frame announced in the budget last week. Today’s announcements indicate that Italy is moving in the direction of benchmarks given by the EU, with […]

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In the midst of jolted Brexit negotiations, the EU Bill has been given royal assent. While the government have made their desires clear – a trade deal for goods and services in exchange for answers to questions over EU citizens, border arrangements and customs – it is likely that members of the European Parliament will […]

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McDonald’s has announced its intention to move its non-tax base to London from Luxembourg. The fast-food giant will create a new holding company in the UK, and will pay UK taxes on any profits earned outside of the U.S. It said it came to the decision after taking into consideration the vast amount of employees […]

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Italian banks have showed signs of recovery on Wednesday, after a heavy referendum defeat led to the resignation of Prime Minister Matteo Renzi. Following the Italian people’s overwhelming “No” response to proposed constitutional reforms, Italian banking shares plummeted amidst concern over the country’s political instability. However, shares in the world’s oldest bank – Monte dei […]

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