Business

No-deal Brexit would hit UK economy: IMF

By The Frontier Post | September 18, 2018

LONDON (BBC News): The International Monetary Fund has warned that a “no-deal” Brexit on World Trade Organization terms would entail “substantial costs” for the UK economy. The IMF said that all likely Brexit scenarios would “entail costs”, but a disorderly departure could lead to “a significantly worse outcome”. The challenges in getting a deal done […]

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Unilever relocation plan rejected by major shareholder

By The Frontier Post | September 18, 2018

LONDON (BBC News): One of the top shareholders in Unilever has said it will vote against the firm’s plan to move its headquarters to the Netherlands, amid growing investor concern about the plan. Aviva Investors told the BBC the move could force UK shareholders to sell their shares and offered “no upside”. Unilever, which makes […]

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Jaguar workers put on three-day week

By The Frontier Post | September 18, 2018

LONDON (BBC News): About 1,000 workers at Jaguar’s Castle Bromwich plant in Birmingham have been moved from a five-day to a three-day week until Christmas. Jaguar Land Rover said it was making “temporary adjustments to our production schedules” at the factory. It affects about half the plant’s 2,000 workers, who will remain on full pay. […]

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