The UK economy expanded by less than previously thought in the last three months of 2017, official figures say. GDP grew by 0.4% in the October-to-December period, the Office for National Statistics (ONS) said, down from the initial estimate of 0.5%. The revision was due to slower growth in production industries, the ONS said.
The Falkland Islands government, FIG, stated on Friday that any proposal change of ownership affecting assets held in the Islands will be scrutinized for compliance with Falklands law. The statement follows the Argentine Dolphin Fund's announcement to the London Stock Exchange, earlier this week, of its interest in taking over the private company Falkland Islands Holdings, FIH.
One of Germany's most senior banking regulators has warned London that it is likely to lose its role as the gateway to Europe for vital financial services. Dr Andreas Dombret, executive board member for the German central bank, the Bundesbank, said that even if banking rules were equivalent between the UK and the rest of the European Union that was miles away from access to the single market.
UK’s powerhouse financial sector would face heightened risk and an exodus of 232,000 jobs without certainty over Britain’s Brexit deal, MPs in the House of Commons have heard. Xavier Rolet, chief executive of the London Stock Exchange Group (LSE), said two thirds of the job losses would be felt outside Greater London, with the blow coming as soon as the euro clearing operation leaves Britain’s shores.
Argentina has asked British and US market regulators to probe whether oil companies that are involved in hydrocarbons exploration off the disputed Falklands/Malvinas Islands have told investors about the risks of their illicit drilling, the Argentine Foreign Ministry reported.
Finance Minister Felipe Larraín advanced efforts to integrate the Chilean and London stock exchanges during a recent visit to the United Kingdom. A delegation of government officials and business leaders accompanied the minister on his trip to promote foreign investment in Chile.
The London Stock Exchange is to buy Canada's TMX to claw back lost market share and create the world's fourth-largest bourse trading 4.1 trillion US dollars of stock a year.