Author: LoveWorld UK

Britain’s trade agreement with the European Union removes a 4-1/2-year old fear of crashing out of the bloc without trading arrangements in place, but it will take UK financial markets years to lose their Brexit-inflicted scars. The “no-deal Brexit” risk has weighed on Britain’s growth and investment prospects since June 2016, when citizens voted to sever ties with the country’s biggest financial services customer that accounts for $1 trillion of bilateral commerce a year. So Thursday’s deal, seven days before the deadline, is an undoubted relief. Analysts are urging clients to snap up undervalued UK stocks, the worst-performing of any…

The main hurdle in talks between Spain and Britain over Gibraltar’s post-Brexit status is keeping cross-border traffic fluid, Spanish Foreign Minister Arancha Gonzalez Laya said on Tuesday. Madrid and London are negotiating how to police the land border between Spain and Gibraltar, a British Overseas Territory on the southern tip of the Iberian peninsula, as it was excluded from the last-minute exit deal reached between Britain and the European Union last week. Spain has secured an exemption for about 8,500 cross-border workers from border controls even if no agreement on free movement is reached, Gonzalez Laya said in an interview…

UK shares rallied on Tuesday as investors returned from a long weekend to cheer a post-Brexit trade deal that averted a chaotic finale to the tortuous divorce. The blue-chip FTSE 100 index gained 1.5% in early trading and was on course for its biggest percentage gain in four weeks, while the domestically focussed FTSE 250 index climbed 0.8% to hit its highest level since Feb. 25. With UK markets closed on Friday and Monday for Christmas and Boxing Day respectively, investors took heart from the confirmation last week of a Brexit trade deal. AstraZeneca rose 4.3% to give the biggest…

Ryanair on Tuesday confirmed it would restrict the voting rights of British shareholders from Jan. 1 in a bid to ensure it remains majority EU-owned and retain full licensing and flight rights in the bloc. The plan to restrict British shareholders was approved by the airline last year, subject to the terms of a final agreement on Britain’s post-Brexit relationship with the European Union, which was agreed last week. “Restricted Share Notices will be issued to the registered holder(s) of each Restricted Share in due course, specifying that the holder(s) of such shares shall not be entitled to attend, speak…

Chelsea, overhauled by coach Frank Lampard after their weekend loss to Arsenal, battled to a 1-1 draw at home to Aston Villa on Monday as Oliver Giroud’s first-half header was cancelled out shortly after the break by Anwar El Ghazi. Lampard made six changes to the team that began Saturday’s 3-1 defeat to the Gunners – a performance he described as “lazy” – and his gamble on Giroud paid off when the France striker stooped to head in a cross by Ben Chilwell in the 34th minute. It was Giroud’s third goal in four league starts this season, a contrast…

Ambassadors of European Union governments in Brussels approved on Monday the provisional application from Jan 1, 2021 of the EU-Britain trade deal struck last week. “EU Ambassadors have unanimously approved the provisional application of the EU-UK Trade and Cooperation Agreement as of January 1, 2021,” the spokesman for the German EU Presidency Sebastian Fischer said on Twitter. The deal, which ended nine months of negotiations, will now be approved by all 27 EU governments in writing by 1400 GMT on Tuesday, Fischer said.

Britain on Monday urged businesses to prepare for Brexit, just days before a transition period designed to smooth the UK’s departure from the European Union comes to an end. Britain and the EU clinched a trade deal on Thursday – one which preserves zero-tariff and zero-quota access to the bloc’s single market but which will still cause disruption. The transition period, under which Britain stayed aligned to the EU’s trading and regulatory rules, ends at 2300 GMT on Dec. 31. “The deal is done, but with big change comes challenge and opportunity,” cabinet office minister Michael Gove said in a…

Travel chaos has descended on Britain today after a white blanket of snow swept across large swathes of the UK, closing roads, causing crashes and creating delays on the railway lines – and weather experts warn more is on its way. Parts of the north such as Wigan, Liverpool and Manchester were hit by heavy snow overnight, along with Stoke-on-Trent and other areas of the Midlands. Areas of the south including Oxfordshire and parts of Hampshire have also seen snow. So heavy was the snowfall in Gloucestershire, it prompted the local police to warn members of the public to take…

Liverpool’s hopes of opening up a menacing five-point lead at the top of the Premier League were scuppered in unlikely fashion as struggling West Bromwich Albion snatched a 1-1 draw at Anfield to leave manager Juergen Klopp scowling on Sunday. Leading through Sadio Mane’s early goal, Klopp’s side appeared to be heading for an eighth successive home league win but a late header by Semi Ajayi left Liverpool frustrated. Not that the weekend’s most odd result will cause Klopp a sleepless night, even though it left them with only a three-point lead over neighbours Everton. With Leicester City and Manchester…

Edinson Cavani and Anthony Martial struck late goals as Manchester United claimed a scrappy 2-0 victory over Everton at a bitterly cold Goodison Park on Wednesday to set up a League Cup semi-final with rivals Manchester City. United wasted numerous opportunities in the opening stages and at times the play was dire from both sides as the game appeared to be heading for penalties before Cavani collected the ball on the right wing, skipped inside onto his left foot and fired past Everton goalkeeper Robin Olsen. Martial added a second with virtually the last kick of the game as the…