Brexit poses global financial risk, Bank of England warns
The Bank of England warns that uncertainty about the EU referendum is the “largest immediate risk” facing global financial markets. BBC News – Business
The Bank of England warns that uncertainty about the EU referendum is the “largest immediate risk” facing global financial markets. BBC News – Business
Sir Philip Green apologises to MPs for the ‘sad’ demise of BHS and claims he is working on a ‘solution’ to the £571m pension scheme deficit. BBC News – Business
Yields on German 10-year government bonds have turned negative for the first time, dramatic proof of investors’ nervousness. BBC News – Business
The founder of Sports Direct, Mike Ashley, has written to BHS administrators expressing an interest in taking over a number of stores. BBC News – Business
Retail tycoon Sir Philip Green demands MP Frank Field resigns as chairman of a Commons inquiry into the collapse of BHS, calling him “biased”. BBC News – Business
The downturn in the UK oil and gas sector is expected to have led to 120,000 job losses by the end of the year, according to a report. BBC News – Business