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City round-up

Truss facing whisky tariff demand; WeWork bailout

Macallan single malt whisky
Single malts were hit by tariff hike Government ministers are under pressure to put negotiations on a new UK-US trade deal on hold until the White House drops a sharpRead More

Investment held back

Brexit wipes £3bn from Scottish economy say economists

Brexit protest and march
Demonstrations question the value of Britain’s withdrawal (pic: Terry Murden) Brexit uncertainty has wiped about £3 billion from the Scottish economy as investors delay decisions, according to new research. ItRead More

Asset manager floats

M&G shares steady on debut amid market volatility over Brexit

John Foley: expects volatility (pic: Terry Murden) CLOSE: Shares in M&G closed slightly down on their debut on the London Stock Exchange today amid uncertainty over the Brexit deal. FollowingRead More

Survey reveals trade worries

Fear of not being paid limits Scots firms willingness to export

Port of Grangemouth
Exporters say they need help with finance More Scottish SMEs would export if they were confident of being paid, according to new research. Concerns over cash flow, including late paymentRead More

City briefs

Stobart confirms Wincanton interest; China slows

Eddie Stobart
Stobart may merge Haulage group Eddie Stobart Logistics has confirmed that it has granted Wincanton access to its books to assess the potential merits of a merger. Stobart’s board saidRead More

New SCDI strategy

Businesses asked to help develop blueprint for 2030

Sara Thiam
Sara Thiam: ‘it’s vital that all parts of our economy come together’ All stakeholders in the Scottish economy are being asked to help develop a new blueprint that will determineRead More

Figures worse than UK average

Hepburn blames Brexit as Scottish jobs outlook weakens

Jamie Hepburn
Jamie Hepburn: ‘There are some things the Scottish Government cannot mitigate’ (pic: Terry Murden) Scottish Business Minister Jamie Hepburn blamed Brexit as new figures showed the number of people inRead More

Date set for statement

Javid aims for 6 November Budget if UK agrees Brexit deal

Sajid Javid
Sajid Javid; ‘We have to get on with governing’ Chancellor Sajid Javid has announced that his first Budget will take place on 6 November, assuming Britain leaves leave the EuropeanRead More

Tariff hike suspended

US and China ready to sign first phase of trade deal

Donald Trump
Donald Trump: ‘It’s going to be great for China and great for the USA.’ A proposed US tariff hike on $250 billion (£197bn) of Chinese imports, due to be imposedRead More

Markets

Sterling and equities rise on Brexit breakthrough hopes

City of London
Markets have been reaching new heights (pic: Terry Murden) Sterling and equities received a long-awaited boost today from hopes of a breakthrough in the Brexit talks. The FTSE 100 closedRead More