Tony Blair speaks at Westminster as Boris threatens to expel MPs
Stop representing the people, its what they asked for
After securing a shutdown of Parliament, Boris has gone further in his pro-democracy crusade to secure a one-minded party (nothing more democratic than everyone agreeing – having to politically assassinate any opposition is only a cursory detail).https://platform.twitter.com/widgets.js Tory MP Antoinette Sandbach was one of the first to react, saying she would vote against a No-Deal this week. “I will be voting against a no-deal Brexit, this is the very last opportunity for parliament to do that because of the prime minister’s prorogation.” She then spoke to Sky News, in response to the threats delivered to her in regard to her political career. “I’ve voted for the deal [the EU withdrawal agreement] three times, this prime minister didn’t vote for that deal three times. “I find it staggeringly hypocritical that he’s threatening to take the whip away. “If that had happened to him when he voted against Theresa May’s deal, he wouldn’t have had the opportunity to stand to be prime minister of this country.” “I feel so strongly about this that I’m prepared to put my job on the line for my constituents.” Offering neither a suitable alternative, nor willing to fully reach a pragmatic cross-party compromise, she attributes some of the blame for the current situation to Labour. “The Labour Party are very responsible for the fact the deal didn’t go through and we didn’t leave on 29 March, together with the prime minister and a quarter of his cabinet.” She finished her statement by saying, “The prime minister should bring back Theresa May’s deal. We know that 29 Labour MPs signed a letter saying that they would vote for it.” “The prime minister and others acted to try and depose Theresa May before that deal could be brought back again.” “Now that parliament is going to be prorogued, as far as I can see the only advantage to that is the fact that deal could come back.”“We need to be rallying behind the prime minister.”@GavinWilliamson defends @BorisJohnson‘s threat to Tory rebel MPs.
Conservative MPs could be deselected if they support attempts to block a no-deal #Brexit, read the latest here: https://t.co/QcVz6SNASk pic.twitter.com/HqNR4uNW92 — Sky News (@SkyNews) 2 September 2019
Blair says its a trap
It gives me no pleasure to say that the most cogent and rousing speech in opposition to Brexit has come from Tony Blair. But it should be of little surprise. Like him or loathe him, he was a different breed of politician to the likes of Jeremy Corbyn. Polished, politically sharp, engaging – he is the epitome of a modern politician, as opposed to a well-intentioned activist who has had to face the stark reality that the game of party leadership is bloodthirsty. He told the Westminster procession at the Institute for Government that he normally likes to open his speeches with a few jokes, but that“I think Brexit’s gone beyond a joke”He continued, “In the modern history of Britain there’s never a more important moment for politicians to put country before tribe and national interest before self-interest. “We’re numb to the state of our politics. What is happening is shocking, irresponsible and dangerous.” “Our government is ripping Britain out of the EU – by common acceptance the most important change in this country’s affairs since 1945 – in the most extreme form of Brexit imaginable.” “Without an agreement to replace the complicated network of political and commercial arrangements we have built over decades of European membership.” “And it’s doing so without the consent of parliament, but with a deliberate manouevre to curtail it.” “And without the express consent of the British people, relying instead on a one-off plebiscite now over three years ago in which – not for one moment – was it suggested by those advocating Brexit that no deal would be the outcome.” Putting his political acumen on show, Blair told his Labour successor to avoid the ‘trap’ of a general election. “Should the government seeks an election, it should be refused in favour of a referendum.” “I know it’s counter-intuitive for opposition parties to refuse an election, but in this exceptional case it’s vital they do so – as a matter of principle – until Brexit is resolved.” “Brexit is an issue which stands on its own, was originally decided on its own and should be reconsidered on its own.” “The Brexiteers are laying a trap – to seem as if pushed into an election while actively preparing for one.” So, in a move that some would have hoped would bolster the righteousness of the Remain camp, I would wager it made them look weaker by having one of their best showings not from their current leadership, but from a controversial figurehead from a bygone epoch. After Michael Gove hinted that the Cummings-led ultras would simply ignore legislation to block a No-Deal Brexit, today’s discussions help us to realise; the dystopian reality where the man who once boasted we make every Hob-Nob in the world would be our de facto Chancellor, seems ever-closer.
https://platform.twitter.com/widgets.js Other news and macro financial updates have come from; Parliament being prorogued, No-Deal Brexit preparations, UK GDP during the second quarter, the London Stock Exchange Group (LON: LSE), the US-China currency manipulation debacle, and analysts’ outlook for markets and currencies.There is a growing sense of outrage, a sense this is no longer our country this is not the British way. Suspending Parliament to stifle debate, bullying & blackmailing long serving loyal MPs & threatening to defy the rule of law. That’s the way of the far left not @Conservatives
— Anna Soubry MP (@Anna_Soubry) 2 September 2019
Sterling finished strongly against the Euro, No-Deal resistance mounts
“There are a few things the pound could point to this Friday as the catalyst for Friday’s rebound, however unconvincing. Gordon Brown has claimed that the EU will shift the October 31 deadline. There’s a judicial review against the suspension of parliament set to be heard in the High Court next Thursday. And cross-party MPs believe they have the numbers to block Boris Johnson’s plans.”
“So, nothing exactly concrete. However, it was enough – alongside weakness from its rivals – to allow sterling to climb 0.4% against the dollar and 0.5% against the euro. That pushes cable above $.1.222, while leaving it knocking on the door of €1.107 against the single currency.”
“The pound’s rebound had the side-effect of keeping the FTSE’s own gains on the lower-end of what was seen elsewhere. The UK index added 0.4%, sending it to a 2-week peak of 7210; in comparison, the DAX and CAC were up 1% and 0.6% respectively, buoyed by a 3-year low Eurozone inflation reading, one that arguably forces the ECB down a more dovish route.”
“Working with the leftovers of yesterday’s hard-to-justify trade optimism, the Dow Jones rose 100 points, an increase that took it within touching distance of 26500. A good rally from the 26000-nearing lows seen at the start of August, but still a fair way away from the 27300-eyeing prices it was hitting this time last month.”
Boris Johnson, despite reiterating his commitment to reaching a deal, still appears prepared for a no-deal scenario. Despite the efforts of his UK peers from the Remain faction, hope of preventing a No-Deal will likely come from the EU ranks cracking and offering concessions to the Johnson-Cummings-Rees-Mogg trifecta. Other news regarding sterling and macro financial updates have come from; Parliament being prorogued, No-Deal Brexit preparations, UK GDP during the second quarter, the London Stock Exchange Group (LON: LSE), the US-China currency manipulation debacle, and analysts’ outlook for markets and currencies.EMIS Group revenue and profit growth pull up dividends and EPS
EMIS Group comments
Andy Thorburn, Chief Executive Officer, said,
“We have continued to demonstrate good progress in the first half of 2019, delivering positive results in line with the Board’s expectations, with both revenue and adjusted operating profit ahead of the comparative period.”
“We are well positioned to secure our place on the GP IT Futures framework for GP software in England and continue to invest in patient-facing technology and the next generation EMIS-X platform. With our balance of technology, clinical standards and a continuously improving technical environment, the Group is well placed to deliver on its growth and margin targets.”
Investor notes
The Company’s shares have so far rallied 1.26% or 14.00p to 1,126.00p 30/08/19 11:38 BST. The Group’s p/e ratio is 23.46 and its dividend yield stands at 2.53%. Elsewhere in health and medical news, there have been updates from; OptiBiotix Health PLC (LON: OPTI) NMC Health (LON: NMC), Astrazeneca plc (LON: AZN) and ValiRx Plc (LON:VAL).Avangardco Investments losses widen despite revenue growth
Avangardco production and sales results were mixed. Production of shell eggs increased 44% compared with H1 2018, while dry egg products dips 34%. Sales and exports of shell eggs spiked 92% and 164% respectively. However, sales and exports of dry egg products dived 34% and 46% respectively.
Subsequently, the Group posted greater gross losses on-year, deepening from $4.6 million for H1 2018, to $65.0 million for H1 2019. For the same period comparison, net losses widened from $36.3 million to $110.9 million.Avangardco Investments comments
Nataliya Vasylyuk, Chief Executive Officer, said,
“AVANGARDCO has had a challenging first half of 2019 with results below our forecasts. This was largely due to ample supply in both domestic and global markets resulting in the below-cost reduction of the price of shell eggs. In H1 2019, the Company’s average sales price of shell eggs fell to its lowest level since 2017 and affected the Company’s revenue.”
“At the same time, lower prices for fuel and the key feed components (grain and oil crops) allowed the Company to reduce its costs per unit of output but failed to offset the adverse impact of highly fluctuating shell egg prices on the Company’s profitability.”
“Despite of the challenges facing the industry, the Company has continued to execute its export growth strategy. As a result, its export sales grew by 57% YoY to US$44.8 million and were largely attributed to a continued solid growth in the shell egg export sales (up by 164% YoY to 785 million eggs). The share of export revenue in the consolidated revenue reached the target of 53%.”
“Looking ahead, the Company expects the overall market conditions to remain challenging, although anticipates less pressure on market prices due to seasonal factor. In H2 2019, AVANGARDCO will continue to pursue its sales growth strategy while maintaining the utmost quality of products and working with overseas partners. The Company’s focus remains on restoring its profitability and completing the debt restructuring process in 2019.”

