Business

Avon Steel sold to investment firm Breal Capital saving 49 jobs | City & Business | Finance

Avon Steel was founded in 1981 and serves the South West and South Wales from its sites in Midsomer Norton in Somerset and Plymouth.  The family-run firm had built up to a turnover of £12m has been bought by investment firm Breal Capital. Graham Randall, of restructuring specialists Quantuma, which …

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Hard Brexit on the way? Euro banks pull business out of UK over fears talks will collapse | City & Business | Finance

In the past 12 months, the banks have removed a whopping £313.2 billion worth of assets from their balance sheets, representing a fall of 17 per cent. Financial analysts have indicated that the banks are protecting themselves against the possibility that the UK may be forced into withdrawing from the …

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Immigration controls to help Brexit Britain’s productivity to soar | City & Business | Finance

In a pre-Budget boost to Chancellor Philip Hammond’s Autumn Budget, UBS’s wealth management economist Dean Turner said tightening borders after Brexit will see Britain turn to technology to become more efficient. Economic productivity is a measure of what the UK produces through manufacturing and services, and how productive it is …

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GBP/EUR exchange rate: Pound near 7-year low as full Brexit’ is confirmed | City & Business | Finance

Both ministers have stated that there will be a transitional period at the end of Brexit, but that once it is over, the UK will be conclusively ‘out’. On the other side of the pairing, the euro has only made marginal gains due to disappointing Eurozone data. Industrial production slowed …

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