Brexit business impact tracker

See how Britain’s vote to leave the EU has affected companies from HSBC to easyJet. Which have announced job cuts and profit warnings – or committed to new UK investments and merger and acquisition deals?

This page records company announcements about the impact of Brexit on profits, jobs, mergers or investments, whether positive or negative. It does not include companies that say leaving the EU will have no effect on them.

Change in total value since June 24

FTSE 100:

£30bn

The FTSE 100 index tracks the market value of the UK's largest and most international listed companies, which can benefit from earning revenues in other currencies when sterling is weak.

FTSE 250:

-£3bn

The FTSE 250 index tracks the market value of the next 250 largest groups, which tend to rely more on the UK economy and sterling-denominated revenues.

Eurostoxx Banks:

€12bn

The Eurostoxx Banks index tracks the market value of the 30 largest banks in the eurozone, and reflects investor sentiment toward the financial sector.

Announcements by type

OR
  • Profit Fall

    GM

    The US carmaker predicted $300m in Brexit-related losses in its Europe business in 2017 after a similar amount in 2016.

    Read full article
  • Jobs

    SThree

    SThree, the UK recruitment agency, warned of a slowdown in UK hiring because of uncertainty following the vote to leave the EU, which has shifted its business towards overseas markets.

    Read full article
  • Profit Warning

    Premier Foods

    Premier Foods served up a profit warning and announced a cost cutting programme on Thursday as the food group battles sluggish sales and increased commodity prices as a result of sterling’s sharp fall since last June.

    Read full article
  • Profit Warning

    Mitie

    British outsourcer Mitie announced its third profit warning in four months on Wednesday and replaced its chief financial officer, as new contracts stalled.

    Read full article
  • Investment

    Snapchat

    Snap, the company behind Snapchat, has established its international headquarters in Britain, where it will book all sales made outside the US.

    Read full article
  • Investment

    Rolls-Royce

    Rolls-Royce Motor says it will keep its headquarters in the UK and continue investing in the country, with the luxury carmaker reporting a rise in annual sales spurred by a double-digit increase in its home market.

    Read full article
  • Financial Gain

    Persimmon

    Persimmon, the UK’s second-largest housebuilder, reported an 8 per cent boost to revenues during 2016 as demand for newly built homes strengthened in the wake of the vote to leave the EU.

    Read full article
  • Financial Gain

    Kingfisher

    The DIY retailer has been helped by the sharp fall in the pound since the Brexit vote.

    Read full article
  • Outlook Warning

    Compass

    The FTSE 100 catering group warned it would increase prices on some UK contracts as a result of rising food costs following Britain’s vote to leave the EU.

    Read full article
  • Jobs, Profit Fall

    Hewden

    The machinery rental business went into administration blaming the Brexit vote for poor trading - and its three divisions were sold for £29m to listed rival Ashtead.

    Read full article
  • Profit Warning November 21, 2016

    Mitie

    The outsourcing company warned its full-year profit would fall short of expectations because of uncertain economic conditions following the Brexit vote, lower government spending and a rise in the UK minimum wage.

    Read full article
  • Profit Fall

    Great Portland Estates

    The listed London property developer said the value of its portfolio dropped 3.7 per cent in the six months to September, and it had sold assets, after the Brexit vote dented the commercial property market.

    Read full article
  • Profit Fall

    Royal Mail

    The privatised postal service said a drop in spending on junk mail triggered by uncertainty around the time of the Brexit vote contributed to lower half-year profits.

    Read full article
  • HQ Relocation, Market Access Warning

    Credit Agricole

    The French bank extended the lease on its current headquarters in the City of London until 2025, indicating it has shelved plans to seek a new base after the Brexit vote.

    Read full article
  • Profit Fall

    British Land

    The UK’s second-largest listed property company said it had swung to a loss in the six months to the end of October as the vote to leave the EU cut into commercial property asset values.

    Read full article
  • Financial Gain

    Icap

    The world’s largest interdealer broker said half-year revenues rose 11 per cent to £254m on the back of volatility generated by the UK’s decision to leave the EU.

    Read full article
  • Revenue Fall, Profit Fall

    Easyjet

    The low-cost airline said revenue dipped partly as a result of higher holiday costs for UK travellers following the EU referendum.

    Read full article
  • Profit Fall

    Land Securities

    The UK’s largest listed property company said it had swung to a loss in the six months to September 30 as the vote to leave the EU weighed on the commercial property market.

    Read full article
  • Financial Gain

    Premier Foods

    The UK food maker said it was less vulnerable to inflationary pressure from the post-Brexit fall in the pound than many of its bigger competitors.

    Read full article
  • Financial Gain

    Taylor Wimpey

    The FTSE 100 housebuilder reported “resilient” trading after the Brexit vote, despite investor concerns in the aftermath of the referendum.

    Read full article
  • Revenue Fall

    Daily Mail

    Lego said it had ended its promotional deal with the Daily Mail after parents voiced concerns that its brand could be damaged by links to newspapers that have taken a hostile stance on race, immigration and gender issues.

    Read full article
  • Profit Warning November 11, 2016

    SIG

    The building materials supplier warned that profits would be lower because of a slowing of activity around the time of the EU referendum.

    Read full article
  • Outlook Warning

    Halfords

    The bikes and car parts retailer warned that the sharp decline in the pound since the Brexit referendum would raise its costs.

    Read full article
  • Revenue Fall

    ITV

    The TV company blamed uncertainty over a "hard" or "soft" Brexit for a sharp drop in advertising revenues, which it warned could be 7 per cent lower in the final quarter of 2016.

    Read full article
  • Revenue Fall

    Siemens

    The German industrial group said its 2017 revenue could be constrained by issues stemming from the Brexit vote and the US elections.

    Read full article
  • Financial Gain

    Associated British Foods

    The food and retail group that owns Primark, said it hopes to benefit from the UK’s departure from the EU and is working with the government to discuss new trade policies.

    Read full article
  • Investment

    Carnegie Wave Energy

    The Australian company has won £10m of EU regional development funding for a £project to build the first commercial wave energy project connected to the electricity grid in England

    Read full article
  • Jobs

    Softbank

    The Japanese technology investor that recently bought UK chip designer Arm Holdings said it remained committed to employment in Britain regardless of how the country’s exit from EU plays out.

    Read full article
  • Investment, Outlook Warning

    Ryanair

    The low-cost airline said that, because of the uncertainty surrounding Brexit, it planned to shift some planned growth next year away from the UK towards mainland Europe.

    Read full article
  • Investment

    Ameriprise

    The US fund management group has emerged as a contender to acquire Italy-based Pioneer, as a way of coping with the impact of Brexit on its sizeable UK-based operations, which include Threadneedle.

    Read full article
  • Financial Gain

    Aston Martin

    The luxury carmaker said that the weak pound following the Brexit vote had been a boon for the group, which exports around 80 per cent of its output and has limited exposure to the EU market

    Read full article
  • Financial Gain

    Archant

    The publisher said the New European, its “pop-up” newspaper aimed at people who voted to remain in the EU, was only supposed to print for four weeks - but now has a 20,000 weekly circulation which is enough for it to break even.

    Read full article
  • Outlook Warning, Investment

    United Airlines

    The US airline said it was cancelling its only regular flight from Northern Ireland, which led some politicians to claim that “unelected bureaucrats in Brussels” refused to approve a £9m subsidy to keep the route flying.

    Read full article
  • Profit Fall

    NCC

    The FTSE 250 technology company has reported cancelled and delayed contracts, one of which was due to the Brexit vote.

    Read full article
  • Jobs, Investment

    Outokumpu

    The Finnish stainless steel maker said its Sheffield mills were an “integral part” of the company and that the result of the EU referendum would not affect the company’s investment calculations.

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  • Financial Gain

    Tate & Lyle

    The ingredients maker said weak sterling after the Brexit vote helped to push pre-tax profits up in the first half.

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  • Revenue Fall

    Bats Global Markets

    The US exchanges operator said the risk associated with Brexit and "all of the unknowns" caused trading volumes to move away from Europe.

    Read full article
  • Financial Gain

    Persimmon

    The UK's second-largest housebuilder reported a surge in trading in spite of investor worries about the effects of the Brexit vote.

    Read full article
  • Outlook Warning

    Arm Holdings

    The chief executive of Britain’s biggest technology company has warned that a 'hard Brexit' could seriously damage its business if it involves proposals to crack down on foreign workers.

    Read full article
  • Financial Gain

    SAP

    The world’s largest business software company by revenue said UK sales were the fastest in Europe in the last quarter as British companies increased their investments in software after the referendum vote.

    Read full article
  • Financial Gain, Revenue Fall

    Hargreaves Lansdown

    The investment supermarket said high dealing volumes following the EU referendum vote helped lift revenues by 15 per cent year-on-year, but a hit to investor confidence meant new business inflows fell 22 per cent.

    Read full article
  • Outlook Warning

    JD Wetherspoon

    The pub group's chairman hit out at “hectoring and bullying” of EU officials who are putting “an unfair burden” on its European suppliers.

    Read full article
  • Investment, Outlook Warning

    Founders Factory

    Lastminute.com co-foudner Brent Hoberman said an Asian investor in his new firm will not do anything in the UK for six months after the Brexit vote.

    Read full article
  • Financial Gain, Revenue Fall

    WPP

    The advertising group said weak sterling after the UK voted to leave the EU helped push its revenues up 23 per cent - but a softening in like-for-like revenue growth in its home market was “perhaps reflecting the first impact of Brexit uncertainties”.

    Read full article
  • Jobs, Investment

    Honda

    The Japanese carmaker said it had “no plans for now” to withdraw from the UK market after the British government said it was seeking a deal to shield the car manufacturing industry from any Brexit fallout.

    Read full article
  • Outlook Warning

    Wm Morrison

    The UK’s fourth-biggest supermarket group said it was increasing the price of Marmite spread by 12.5 per cent, after maker Unilever asked for higher prices to reflect Brexit currency shifts.

    Read full article
  • Investment, Jobs

    Nissan

    The Japanese carmaker said it will build two new car models at its Sunderland plant, in a decision that “follows the UK government’s commitment to ensure that the Sunderland plant remains competitive”.

    Read full article
  • Investment, Jobs

    Toyota

    The Japanese carmaker said it will not easily give up UK production even if trading conditions change after Britain’s exit from the EU.

    Read full article
  • Profit Fall

    Ford

    The US carmaker said it expects the impact of the Brexit vote to cost it a further $600m in 2017, on top of $200m in 2016.

    Read full article
  • Revenue Fall

    ABB

    The Swiss engineering group ABB said Britain’s vote to leave the EU led to a “massive” dampening in demand from UK customers, contributing to a 14 per cent fall in total orders in the three months to the end of September.

    Read full article
  • Profit Fall, Jobs

    GM

    The US automaker said it expects extra $300m in losses from Britain’s decision to leave EU and will cut car production in Europe.

    Read full article
  • Outlook Warning

    Whirlpool

    The US household appliance maker said consumer jitters after the UK’s Brexit vote and ahead of the US presidential election had softened third-quarter demand.

    Read full article
  • Revenue Fall

    Microsoft

    Microsoft has raised the prices of UK software to reflect the plunging pound following the vote to leave the EU.

    Read full article
  • Jobs

    Hays

    The recruiter said permanent UK hiring had stabilised after Britain’s vote to leave the EU and there was been no evidence of “contagion into Europe”.

    Read full article
  • Revenue Fall

    Infosys

    India's second largest IT services company said revenue growth would fall partly as a result of the UK's Brexit vote.

    Read full article
  • Revenue Fall

    Tesco

    The UK's biggest supermarket chain pulled dozens of Unilever products from sale online - including Marmite and Ben & Jerry’s ice cream - in a row over who should bear the cost of the weakening pound.

    Read full article
  • HQ Relocation, Jobs

    VTB

    The Russian bank has become the first big lender to say it will move its investment banking headquarters out of the UK because of the disruption expected by Brexit.

    Read full article
  • Market Access Warning, Outlook Warning

    GlaxoSmithKline

    The UK drugmaker is drawing up contingency plans to secure its supply chains after Brexit, prompted by concerns over disruption as a result of any trade settlement between Britain and the EU.

    Read full article
  • Profit Fall, Outlook Warning

    PageGroup

    The recruitment company reported a slide in third quarter UK profits on the back of “fragile” market conditions following the Brexit vote, led by a sharp downturn in financial services hiring.

    Read full article
  • Profit Fall

    Knight Frank

    The London-based estate agency posted a 4.7 per cent decline in profit, as the EU referendum result weighed on the UK property market.

    Read full article
  • Market Access Warning, Jobs

    M&G

    The asset management arm of Prudential plans to build a new investment division in Luxembourg, in a bid to hold on to its mainland European investors after Britain’s vote to leave the EU.

    Read full article
  • Market Access Warning, HQ Relocation

    RHI

    The Austrian industrial material group has dropped plans to incorporate in the UK had been dropped because of fears that UK and EU laws will diverge after Brexit.

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  • Profit Warning October 6, 2016

    EasyJet

    Europe’s second-biggest low-cost airline said its full-year pre-tax profit would be £490m-£495 - a bigger year-on year fall than the 28 per cent forecast by analysts - citing exchange rate movements since the EU referendum and "major external shock events".

    Read full article
  • Jobs, Market Access Warning

    Oliver Wyman

    The consultancy has calculated that around £10bn in tax revenues and 71,000 jobs hinge on the outcome of the UK’s exit negotiations with the EU.

    Read full article
  • Jobs

    Altice

    The head of the French telecoms group criticised regulators for blocking its buyout of SFR when it should be trying to attract international business after the UK's Brexit vote.

    Read full article
  • Market Access Warning

    Morgan Stanley

    The US bank's vice-chairman of sovereigns and official institutions suggested that joining the EU’s banking union could safeguard talent in the City of London - because the UK could allow free movement of labour in financial services.

    Read full article
  • Market Access Warning

    Deloitte

    The "big four" professional services group said the ability to bring workers with diverse skills into the UK is more important than access to the single market.

    Read full article
  • Investment, Jobs

    Nissan

    The Japanese carmaker said it was delaying new investments in its Sunderland plant until the UK has concluded Brexit negotiations with the EU.

    Read full article
  • Market Access Warning

    Hiscox

    The London-based insurer said was considering setting up a subsidiary in Europe, and was considering countries where it already has a presence, plus Malta and Luxembourg.

    Read full article
  • Jobs, Outlook Warning

    Jaguar Land Rover

    The UK’s largest carmaker by units warned that any new tariffs introduced after Britain leaves the EU will make its business uncompetitive and put jobs at risk.

    Read full article
  • Profit Warning September 29, 2016

    Capita

    The outsourcer warned that some of its potential clients had delayed their decision making in the wake of the UK’s vote to leave the EU.

    Read full article
  • Market Access Warning

    Lloyd's of London

    The 328-year-old insurance market said it would write EU business onshore in the EU if it loses single market access in the UK's Brexit settlement.

    Read full article
  • Outlook Warning

    Panmure Gordon

    The broker warned of the prospect of further market volatility as the UK begins its divorce process from the EU.

    Read full article
  • Financial Gain

    Axel Springer

    The chief executive of the German media group said that, in three to five years' time, Britain would be better off than continental Europe as a result of leaving the EU.

    Read full article
  • Outlook Warning

    Heathrow

    The airport's chief executive said that applying customs checks on goods passing between Britain and the EU would be burdensome - and an alternative to leaving the EU customs union needs to be found.

    Read full article
  • Investment

    WPP

    The world's largest advertising group said it will place greater emphasis on western continental Europe as a result of the referendum decision.

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  • Financial Gain

    M&C Saatchi

    The advertising agency said it saw no impact from the UK's vote to leave the EU, “other than a positive foreign currency impact”.

    Read full article
  • Outlook Warning

    Kingfisher

    The DIY retail group said the EU referendum created uncertainty for the economic outlook, but had not had an impact on demand so far.

    Read full article
  • Financial Gain

    Kingfisher

    The DIY retailer said like-for-like sales grew 3.3 per cent in the six months to June, and that there was no evidence of an impact from the vote to leave the EU.

    Read full article
  • Jobs, HQ Relocation

    Alnylam

    The US biotechnology company said it will invest hundreds of millions of pounds to establish its European drug development and commercial headquarters in the UK – in Maidenhead, Berkshire, the constituency of prime minister Theresa May.

    Read full article
  • Profit Warning September 19, 2016

    Mitie

    Shares in the outsourcer fell sharply when it issued a profit warning on the back of weak UK economic growth and “uncertainty both pre and post the EU referendum”.

    Read full article
  • Fundraising, Investment

    Biffa

    The UK waste management business had expected the Brexit vote to delay its stock market listing until spring next year, but has now decided to press ahead with plans to raise £270m in October – the biggest initial public offering since the referendum.

    Read full article
  • Investment, Jobs

    Royal Institution of Chartered Surveyors

    Construction companies said UK infrastructure and housebuilding projects will be at risk if skilled builders from the EU are not allowed to remain in the country after Brexit.

    Read full article
  • Financial Gain

    Ardian

    The French private equity house has raised €4.5bn in four months for investing in midsized European companies mostly outside Britain, and said Brexit “was in our favour” as it helped attract investors wary of UK funds.

    Read full article
  • Financial Gain

    Dunelm

    The home furnishings retailer said its low-cost model has helped it grow its market share “in times of uncertainty” after the UK’s vote to leave the EU.

    Read full article
  • Financial Gain

    Galliford Try

    The housebuilding and construction group said sales rates in its housing business have picked up following a post-EU referendum dip.

    Read full article
  • Jobs, Outlook Warning

    Clydesdale and Yorkshire Banking Group

    Clydesdale and Yorkshire Banking Group said it will cut more than £100m of costs, partly through branch closures, as it braces for tougher economic conditions after the Brexit vote.

    Read full article
  • Financial Gain

    Shore Capital

    The broker said scrapping some EU regulation after Brexit could enhance competitiveness.

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  • Asset Sales

    Columbia Threadneedle

    The fund manager lifted the trading suspension on its £1.4bn property fund, easing fears of falling real estate values following the UK’s vote to leave the EU.

    Read full article
  • Outlook Warning

    Greene King

    The brewer and pub operator said it is bracing for a “potentially tougher trading environment ahead” following Britain’s vote to leave the EU.

    Read full article
  • Financial Gain

    Barratt

    The UK's biggest housebuilder said its new reservations in the period since the EU referendum were higher than last year despite market worries over demand, as it reported a 21 per cent increase in pre-tax profit.

    Read full article
  • Investment

    Sompo

    The head of the Japanese insurer said the UK's Brexit vote had not dulled his company’s appetite to invest in London as the city’s attractions stretched beyond the business it does with the EU.

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  • Financial Gain

    Ashmore

    The UK fund manager focused on emerging markets reported a £21m gain on the back of currency movements after the Brexit vote.

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  • Outlook Warning

    Berkeley

    The high-end housebuilder said reservations had been at least 20 per cent below 2015 levels during the year so far, thanks to tax changes and the EU referendum.

    Read full article
  • Market Access Warning, Jobs

    Lloyd's of London

    The chairman of the Lloyd’s of London insurance market warned it could move some of its operations to other parts of the EU if it loses access to the single market.

    Read full article
  • Financial Gain

    Plus500

    The spread-betting company reported rising customer numbers and growing profits, helped along by the market volatility induced by the UK’s Brexit vote.

    Read full article
  • Outlook Warning

    Belvoir

    The estate agent said growth in the UK’s house sales and lettings market was “tempered” in the first half of the year by the EU membership referendum.

    Read full article
  • Outlook Warning

    McCarthy & Stone

    The British builder of retirement homes said the housing market had weakened since the EU referendum in June.

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  • Revenue Fall

    Hays

    The recruitment company said net fees were flat and client confidence was hit following the EU referendum.

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  • Financial Gain

    Watchfinder

    The retailer specialising in previously-owned watches experienced an increase in foreign business following the UK's Brexit vote, as buyers took advantage of the sharp drop in sterling.

    Read full article
  • Dividends, Outlook Warning

    Carclo

    The plastics manufacturer warned that its dividend payment was in doubt because of a potential widening of its pension scheme deficit caused by Brexit-related volatility.

    Read full article
  • Financial Gain

    Diploma

    The the medical and engineering equipment maker said currency effects will boost revenues by around 4 per cent, driven by the substantial decline in UK Sterling since the Brexit decision in June.

    Read full article
  • Revenue Fall, Outlook Warning

    Abercrombie & Fitch

    The US clothes retailer said its gross margin fell because of the weakening of sterling against the US dollar after the Brexit vote.

    Read full article
  • Profit Fall, Outlook Warning

    Phoenix

    The UK’s largest owner of closed life insurance funds said Brexit would encourage foreign players to sell their UK life insurance books, because the post-referendum fall in sterling makes the businesses less lucrative.

    Read full article
  • Investment, HQ Relocation

    Marathon

    The $13bn US hedge fund said it is increasing its investments in property across Ireland, France, Germany and the Netherlands, in a bet that they will be among the big beneficiaries from companies leaving London after the Brexit vote.

    Read full article
  • Profit Fall

    GPIF

    Japan's Government Pension Investment Fund, the world's biggest pension fund, has partly blamed a $52bn quarterly investment loss on a spike in the yen on the Brexit vote.

    Read full article
  • Financial Gain

    Persimmon

    UK’s second-largest housebuilder said private sales reservation rate since the start of July was 17 per cent higher than the same period last year

    Read full article
  • Financial Gain

    Swatch

    Swatch's branded stores, such as Omega, Breguet and Blancpain, enjoyed “fantastic results” in July with foreign tourists taking advantage of the weaker pound, chief executive Nick Hayek said.

    Read full article
  • Outlook Warning

    Santander UK

    Santander UK has warned margins are likely to decline further and it will have to continue keeping a tight rein on costs, as Britain’s vote to leave Europe in June “marked the end” of a period of relative stability for Britain’s banks.

    Read full article
  • Revenue Fall

    Bovis Homes

    The top-10 UK housebuilder Bovis Homes said its sales rates since the Brexit vote have been lower than last year but that interest from homebuyers remains “resilient”.

    Read full article
  • Jobs

    PageGroup

    Recruitment company PageGroup reduced its headcount in the UK by 3 per cent in the first half of the year in response to tougher trading conditions in the run-up to the EU membership referendum, as companies put hiring and investment plans on ice.

    Read full article
  • Outlook Warning

    Derwent London

    Property developer Derwent London lowered its expectations for rental growth after Britain’s EU referendum, predicting a short-term hit to demand for office space.

    Read full article
  • Profit Fall

    Savills

    The estate agency group reported a 3 per cent drop in pre-tax profit for the first half as commercial property transactions declined in the EU referendum period.

    Read full article
  • Outlook Warning

    Norwegian Cruise Line

    Miami-based cruise operator chopped its earnings forecast for this year and abandoned its financial targets for 2017 blaming issues including the effect of a weaker British pound for a fall in bookings.

    Read full article
  • Outlook Warning

    London Stock Exchange

    The exchange warned that Britain’s exit from the EU could “erode” investor confidence, and potentially disrupt financial services in the City of London.

    Read full article
  • Jobs, Market Access Warning

    Goldman Sachs

    The US bank warned that the UK’s vote to exit the EU could force it to “restructure” some of its UK activities.

    Read full article
  • Financial Gain

    Serco

    The outsourcing company said it had benefited from the post-Brexit vote slump in sterling, as a large chunk of its revenues is earned in other currencies.

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  • Profit Fall

    Johnston Press

    The newspaper publisher said that its full-year revenues “could be lower than expectations”, following the vote to leave the EU.

    Read full article
  • Jobs, Outlook Warning

    Next

    The retailer warned that it would expand its operations on mainland Europe if "fulfilling sales from the UK becomes less efficient”.

    Read full article
  • Outlook Warning

    Travis Perkins

    Britain’s biggest builders’ merchant blamed the UK’s vote to leave the EU for a drop in demand in the second quarter and “significant uncertainty”.

    Read full article
  • Outlook Warning

    Procter & Gamble

    The world’s largest maker of consumer goods said the decline in sterling against the dollar after the Brexit vote was reducing earnings translated into dollars and could make pricing less competitive against domestic rivals.

    Read full article
  • Financial Gain

    Tullett Prebon

    The interdealer broker said an increase in market volatility in the aftermath of Brexit vote resulted in higher levels of activity for its business.

    Read full article
  • Outlook Warning

    Trinity Mirror

    The newspaper publisher said that its full-year revenues “could be lower than expectations”, following the vote to leave the EU.

    Read full article
  • Outlook Warning

    Ultra Electronics

    The UK defence and engineering group said Britain’s decision to leave the EU could lead to the Government delaying its commitment to major projects.

    Read full article
  • Profit Fall

    Foxtons

    The estate agency reported a 42 per cent year-on-year slump in first-half profits, as uncertainty over the Brexit referendum hit an already faltering property market in the capital.

    Read full article
  • Outlook Warning

    IAG

    The owner of British Airways and Iberia reported sharp falls in unit revenues and warned of continued uncertainties after of the Brexit referendum.

    Read full article
  • Outlook Warning

    Rolls-Royce

    The engine maker said the collapse in sterling after Britain’s Brexit vote left it nursing a £2.15bn loss on an unadjusted basis, as a result of the accounting requirement to value currency hedges at the end of the reporting period.

    Read full article
  • Investment

    JCDecaux

    Shares in the French outdoor advertising group fell 7.5 per cent after it said that it was likely to cut back its UK investment plans amid Brexit-fuelled economic uncertainty.

    Read full article
  • Financial Gain

    Domino's Pizza

    Britain’s biggest pizza delivery company reported a 21 per cent increase in underlying operating profits for the first half.

    Read full article
  • Financial Gain

    Just Eat

    The takeaway food website said it had upgraded full-year forecasts for the second time in three months and dismissed concerns about economic uncertainty in the UK.

    Read full article
  • Financial Gain

    Merlin Entertainments

    The theme park and attractions operator said that it would benefit from weaker sterling after the Brexit vote, given its dollar and euro earnings.

    Read full article
  • Financial Gain

    National Express

    The bus and rail operator said annual pre-tax profits were up 9.7 per cent, buoyed by its extensive operations outside the UK.

    Read full article
  • Profit Warning July 28, 2016

    Countrywide

    The estate agency group warned that full-year profits will be lower than last year after the UK’s vote on EU membership hit the markets for homes and commercial property.

    Read full article
  • Asset Sales

    Henderson Global Investors

    The fund manager said outflows from its funds accelerated considerably in the immediate aftermath of the EU referendum, particularly from the Henderson UK Property Fund and funds focused on European assets.

    Read full article
  • Asset Sales

    Schroders

    The fund manager said it had suffered the heaviest outflows from its funds since the height of the financial crisis, blaming withdrawals in the last quarter on the difficult market environment following the UK’s vote to leave the EU.

    Read full article
  • Financial Gain

    Sky

    The pay-TV company said it would continue to grow, even if Britain dipped into recession after the vote to leave the EU.

    Read full article
  • Financial Gain

    BT

    The telecoms group said that if the UK were to go into recession after the Brexit vote, its consumer business would be “pretty resilient”, as cash-strapped customers were unlikely to see BT services as discretionary costs.

    Read full article
  • Jobs, Outlook Warning

    Lloyds Banking Group

    The UK high street bank it is to axe 3,000 jobs in a £1.4bn cost-cutting drive and damped the outlook for dividends following the vote to leave the EU.

    Read full article
  • Financial Gain

    Taylor Wimpey

    The FTSE 100 housebuilder said trading since the EU referendum had been “in line with normal seasonal patterns” despite signs the prospect of Brexit is weighing on the broader UK housing market.

    Read full article
  • Outlook Warning

    Rightmove

    The UK online property portal is braced for a period of “economic uncertainty” following Britain’s vote to leave Europe as transactions between April and June fell year-on-year

    Read full article
  • Outlook Warning

    Capita

    The UK outsourcer said post-Brexit referendum uncertainty has resulted in “some delays in decision making” from potential customers.

    Read full article
  • Outlook Warning

    Jupiter

    The fund manager said investment portfolios had been “held back” by uncertainty before the UK’s vote to leave the EU, and warned there could be legal restructuring of operations on the continent if a trade deal was not finalised.

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  • Outlook Warning

    ITV

    Britain’s biggest commercial broadcaster, will aim to cut £25m of costs next year “whilst the economic outlook remains uncertain” after the vote to leave the EU.

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  • Investment

    GlaxoSmithKline

    The UK's largest drug company said it will invest an extra £275m at three British manufacturing sites, in a vote of confidence in the country following the Brexit referendum vote.

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  • Fundraising

    Autins

    The British engineering company that reduces noise in Bentleys and Range Rovers will become one of the first businesses to float in London since the vote to leave the EU.

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  • Outlook Warning

    Flybe

    The UK regional airline said short-term uncertainty in the wake of the vote, combined with terror incidents in Europe, “could have a materially adverse impact.”

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  • Mergers & Acquisitions

    Deutsche Börse

    Shareholders in the German exchanges group have backed its planned merger with the London Stock Exchange Group, despite the UK vote to leave the EU.

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  • Mergers & Acquisitions

    AB InBev

    The maker of Budweiser and Stella Artois beers decided to boost its takeover offer for SABMiller, in order to stem growing pressure from some SABMiller shareholders to revise the terms following the steep drop in the value of sterling after the UK Brexit vote.

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  • Investment, Outlook Warning

    Virgin Money

    The UK challenger bank has deferred plans to launch into the small business and unsecured lending markets because of the economic uncertainty caused by Britain’s decision to leave the EU

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  • Profit Warning July 26, 2016

    Canon

    The Japanese electronics group became the first Japanese manufacturer to blame the post-Brexit surge in the yen for a profit warning - its second in three months.

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  • Financial Gain

    Croda

    The UK-listed specialty chemicals maker said the weak pound helped boost sales and profits and gave a bullish outlook despite the uncertainty caused by Brexit.

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  • Outlook Warning

    Aberdeen

    The fund management group suffered its 13th straight quarter of outflows after investors pulled £1.5bn from its property funds over fears about the UK’s decision to leave the EU.

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  • Financial Gain

    Hiscox

    The UK insurer said the The post-Brexit collapse in the value of sterling has boosted its business and sent first-half profits soaring.

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  • Financial Gain

    Hammerson

    The FTSE 100 shopping centres group said it had signed 20 leases across its shopping centres and retail parks since the June 23 vote.

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  • Outlook Warning, Market Access Warning

    Ryanair

    The airline said it will focus more on growing at airports in the EU and less on the UK following the latter’s decision to leave the EU in a referendum last month.

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  • Jobs, Investment

    Veolia

    The French water and waste management group is expecting to create about 600 jobs in the UK over the next five years as part of a £750m investment, in a welcome sign of business confidence in the country following the vote to leave the EU.

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  • Financial Gain

    Syngenta

    The Swiss agribusiness said the UK’s planned exit from the EU would allow it to break with “politicised” European regulation in agriculture and take swifter advantage of scientific breakthroughs.

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  • HQ Relocation

    Beazley

    The insurer said it will use Ireland as a base to increase European business as it prepares to operate across the region following Britain’s decision to leave the EU.

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  • Profit Warning July 21, 2016

    LSL

    The UK estate agency chain warned that its full-year profits would be lower than expected because of the impact of the Brexit vote on the housing market.

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  • Outlook Warning

    Land Securities

    The UK’s largest listed property company, has warned of “subdued” demand from business tenants in the wake of the Brexit vote.

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  • Financial Gain

    Daily Mail & General Trust

    The owner of the Daily Mail, Mail on Sunday and Mail Online said advertising across its media division increased 1 per cent in the three weeks after the EU referendum. A 19 per cent rise in digital advertising revenues offset an 8 per cent fall in newspaper advertising.

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  • Financial Gain

    Swatch

    The Swiss group said sales at Omega stores had increased by between 25 per cent and 132 per cent, year on year, as foreign tourists taking advantage of a weaker pound after the Brexit vote.

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  • Outlook Warning

    Wizz Air

    Eastern Europe-focused budget carrier said it is cutting growth projections for UK routes in the second half “as a direct result of Brexit” and will reallocate two additional aircraft marked for the UK to continental Europe.

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  • Outlook Warning

    British Land

    The £6.5bn listed property company, has said it is preparing for a period of caution among investors and tenants after the UK’s vote to leave the EU.

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  • Mergers & Acquisitions

    Arm Holdings

    Softbank announces it will acquire chip designer Arm Holdings for £24.3bn

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  • Financial Gain

    Hays

    The recruitment company said a decline in UK hiring in the run-up to the EU referendum was not enough to stop it beating full-year profit expectations.

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  • Financial Gain

    JD Wetherspoon

    Britain's biggest pub chain said trade strengthened in recent weeks despite “dire warnings” about the risk of a Brexit vote, and it now forecasts a “modestly improved outcome” for this financial year.

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  • Financial Gain

    Redefine International

    The real estate investment trust said that, after the EU referendum result, it completed two “encouraging” leases totalling £0.6 million – a 10 per cent increase on estimated rental value.

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  • Mergers & Acquisitions

    AMC

    AMC, the US cinema chain controlled by Wang Jianlin, China’s wealthiest man, has taken advantage of the sharp drop in sterling after the EU referendum to buy the UK’s Odeon cinema chain for £921m.

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  • Outlook Warning

    PageGroup

    The FTSE 250 recruitment company said gross profit in the UK fell 2.3 per cent and the outlook was unclear, having being “impacted by pre-Referendum uncertainty.”

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  • Investment

    Boeing

    The US aircraft maker said the UK would continue to be an important base despite the referendum vote to the leave the EU.

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  • Investment

    Siemens

    The German engineering group backed away from earlier warnings that Brexit could adversely make the UK a worse place to do business in and affect the group’s future British investment plans.

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  • Profit Warning July 11, 2016

    SThree

    The recruitment group said a 7 per cent drop in half-year pre-tax profit, to £12.8m, was partly due to uncertainty created by the EU referendum.

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  • Financial Gain

    Revolut

    The founder of the British currency exchange app said uncertainty after last month’s Brexit vote is an “opportunity” for the company, which has secured up to £7.75m in further funding.

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  • Financial Gain

    British Land

    The property developer said it had let the last three floors of its Leadenhall Building, with two of the three transactions completing since the EU Referendum.

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  • Financial Gain

    Johnston Press

    The publisher said daily circulation of the i newspaper, which it acquired in April, had risen from 270,000 to 300,000, "boosted by the increased appetite for news following the EU referendum".

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  • Financial Gain

    Aveva

    The engineering IT provider said the weakening of sterling against the euro and US dollar after the EU referendum should mean its overseas earnings enjoy a currency benefit in FY17 .

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  • Outlook Warning

    C&C

    The cider maker warned that it would suffer from the fall in the pound after the Brexit vote as it has "almost 50 per cent of profits denominated in sterling and reported in euros".

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  • Outlook Warning

    Sports Direct

    The high street sportswear retailer said the fall in sterling will have a “significant” impact on its margins in the next year and beyond, and predicted a “continuing drag on consumer confidence” after the EU referendum result.

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  • Financial Gain

    Associated British Foods

    The consumer goods group, which owns clothing chain Primark, said the weakening in sterling following the EU referendum would mean “a bigger [currency] translation benefit in the final quarter".

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  • Profit Warning July 7, 2016

    Portmeirion Group

    The crockery maker said pre-tax profits are expected to be "materially below" last year's level, and recorded "negative effects on demand in the UK before and following the leave vote at the EU referendum".

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  • Mergers & Acquisitions

    Shanks

    The waste management company announced a €510m cash and shares merger with the Dutch van Gansewinkel Groep and said the weakening of sterling against the euro after the EU Referendum "would be net positive".

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  • Financial Gain

    Rentokil

    With 90% of its revenues outside of the UK, the weaker sterling since the referendum would boost 2016 profits by £25m to £30m

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  • Investment

    Satellite Solutions Worldwide

    The rural broadband internet provider said Business Growth Fund plc had granted it a financing deal - the funding body's fourth significant investment since the EU referendum vote.

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  • Asset Sales

    Columbia Threadneedle

    The asset manager has suspended redemptions from its £1.4bn Threadneedle UK Property fund

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  • Asset Sales

    Henderson Global Investors

    The FTSE 250-listed asset manager suspended redemptions from its £3.9bn property fund due to "exceptional liquidity pressures"

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  • Financial Gain

    London Capital Group

    The financial spread betting provider said "the immediate impact of the UK's vote to leave the EU has been materially positive for the Company in terms of both revenues and profitability".

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  • Asset Sales

    M&G

    The UK’s largest commercial property fund, M&G’s £4.4bn Property Portfolio, said it had stopped letting investors take their cash out to avoid forced asset sales and "protect the interests of the fund's shareholders".

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  • Asset Sales

    Aviva

    The insurer became the second manager of a UK property fund to stop investors taking their money out, in an attempt to gain "greater control in managing cash flows and conducting orderly asset sales", amid "extraordinary market circumstances".

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  • Credit Downgrade

    London & Quadrant Housing Trust

    The London-focused housing association said its credit outlook had been downgraded from stable to negative by Moody’s, the rating agency, in line with with the downgrade of the UK after the vote to leave the EU.

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  • Financial Gain

    Gear4Music

    The UK's largest online retailer of musical instruments said European like-for-like sales rose 191 per cent in the week after the EU referendum, thanks to "favourable exchange rates and responsive pricing".

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  • Investment

    EDF

    The French energy group said the UK vote for Brexit was no barrier to its $18bn plans to build a nuclear reactor at Hinkley Point in southern England.

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  • Mergers & Acquisitions

    Sabadell

    The chairman of the Spanish bank has said a sharp fall in share prices after Britain's vote to leave the EU severely hampers any potential merger activity in the sector.

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  • Profit Warning July 4, 2016

    Australian Vintage

    The winemaker behind the McGuigan brand said its full-year profit would be adversely affected by an "unforeseen unrealised foreign exchange loss of approximately A$1m (£570m)".

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  • Jobs

    Mitsubishi UFJ

    The head of Mitsubishi UFJ Financial Group said he wants to add talent to its London derivatives and capital markets teams, and the City will remain “an important hub” in spite of the UK's vote to leave the EU.

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  • Financial Gain, Investment

    Hargreaves Services

    The solid fuel supplier said that if the current exchange rate continues, it should benefit from holding stocks of dollar denominated coal. But, "on a negative note", a £7m earthworks project at a major UK port has been postponed "owing to Brexit-related concerns".

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  • Investment

    Crowdcube

    The investment crowdfunding platform announced plans to raise another £5m - a move that it said "defies Brexit"

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  • Asset Sales

    Standard Life

    The investment group has stopped people taking money out of its UK property fund, to avoid being forced to sell buildings quickly to meet higher redemption requests following the EU referendum result.

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  • Mergers & Acquisitions

    M6 Toll Road consortium

    The consortium of 27 banks and hedge funds that control the toll road have delayed sending sale documents to bidders, because they contain forecasts and estimates based on the UK remaining in the EU.

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  • HQ Relocation, Market Access Warning

    easyJet

    The budget airline confirmed it had begun a formal process to acquire an air operating certificate in a continental European country that could allow it to set up headquarters there and continue flying throughout the EU without restrictions. But no final decision has been taken, and any move would involve setting up a legal base rather than transferring core functions overseas.

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  • Mergers & Acquisitions

    Alumasc

    Alumasc, the engineering group, said it had completed the sale of Dyson Diecastings to Broadways Stampings for a net cash consideration of £4m.

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  • Financial Gain

    Empyrean Energy

    The oil and gas explorer said the weakness in sterling since the Eu referendum, if sustained, may "have a positive impact" on the level of any proposed distribution to shareholders.

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  • Market Access Warning, Jobs

    Goldman Sachs

    The co-head of Goldman Sachs’ international operations, headquartered in London, told a business summit: “If passporting was totally removed, we would have to adjust our footprint and where people were located.”

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  • Investment

    UOB

    Southeast Asia’s third-largest bank by assets suspended loan applications for London properties. Other Singapore banks are advising clients to be cautious over political and foreign exchange risks in the wake of Brexit.

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  • Fundraising

    GLI Finance

    The provider of alternative finance to small businesses said had was cancelling a bond offering to UK investors "following the uncertainty and market volatility resulting from Brexit".

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  • Profit Warning June 29, 2016

    Suzuki

    The Japanese motor company said market volatility after the Brexit vote would likely have a "major"; impact on earnings.

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  • Credit Downgrade

    Circle Housing

    The UK housing association said its credit outlook had been downgraded from stable to negative by Moody’s, the rating agency, following an assessment of the potential impact of the vote to leave the EU.

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  • Profit Warning June 27, 2016

    easyJet

    Fallout from the EU referendum means that revenue in the second half of easyJet's financial year is expected to fall by at least a "mid single-digit percentage", it said on June 27.

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  • Profit Warning June 27, 2016

    Foxtons

    "Recent sales volumes have been slow … the result of the referendum has increased uncertainty and is likely to mean that these trends continue for at least the remainder of the year," Foxtons said on June 27.

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  • Profit Warning June 24, 2016

    IAG

    The Japanese motor company said market volatility after the Brexit vote would likely have a "major" impact on earnings.

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  • Jobs

    HSBC

    Around 1,000 jobs in HSBC's investment bank division might be moved to Paris, chief executive Stuart Gulliver said in February.

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  • Jobs

    JPMorgan

    As many as 4,000 JPMorgan jobs – out of 16,000 in the UK – might be cut, chief executive Jamie Dimon told staff on June 3.

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  • Jobs

    Morgan Stanley

    Morgan Stanley warned before the referendum that 1,000 of its London jobs could move in the event of a Leave vote.

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  • Mergers & Acquisitions

    Steinhoff

    South African conglomerate Steinhoff is reviewing its proposed takeover of Poundland following resistance from Poundland's board and the UK's vote to leave the EU.

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