EMEA Editor @Breakingviews. Citizen of the world. Usual disclaimers apply.
Struggling to follow Seth Klarman's analogy. Is he arguing it's a mistake to take medicine when you have a fever?
Boris Johnson on Dec 30th: "We are going to become a friendly neighbour—the best friend and ally the EU could have." Jan 21st:
In ESG news, 70% of Cineworld shareholders just approved an incentive plan that could pay the cinema chain's top executives £100m. This for a company which has put most of its remaining UK employees onto a taxpayer-funded furlough scheme.
UBS survey of 600 companies spells out Brexit "dividend": - 35% of companies plan to reduce UK investment post-Brexit - 41% plan to move a large amount of capacity out of UK - 42% plan to shift capacity to euro zone
Quite a thing. Try to imagine Trump or Theresa May debating a crowd of angry factory workers for 45 minutes.
De La Rue earns 80 percent of its revenue outside Britain and supplies passports to 40 countries. Arguing that the UK should only order passports from a home-grown supplier is either the height of hypocrisy, or very stupid.
You know things are screwed up when Saudi royals giving your prime minister $681m is the official version of events.
Thoughts and prayers with the @Clorox social media team at this difficult time