[ad_1]
LONDON (AP) – Latest news on the UK's exit from the European Union (local time):
11:40
Cheap airline easyJet has warned that the imminent withdrawal of the UK from the European Union could weigh on the results of the second half of its fiscal year, travelers reluctant to book tickets in the stalemate about their future relationships.
EasyJet says its loss of £ 275m ($ 360m) in the first half was in line with expectations, but the outlook for the six-month period ending in September is "more cautious" because of "weaker yields on banknotes in the UK and all over Europe ".
Shares fell 8.3% early in the session in London after the profit warning. Shares of other airlines and travel companies also fell, with a decline of 2% for the owner of British Airways IAG and 2.5% for the TUI travel group.
George Salmon, an badyst at Hargreaves Lansdown, said that with Brexit "potentially having an impact on travel regulations and foreign exchange markets, customers naturally expect more certainty before booking trips."
___
22:30.
New evidence has emerged that British manufacturers are building their cushions against the possibility that the country will crush them out of the European Union without an agreement.
The financial information company IHS Markit found that storage in Brexit stimulated production, at least temporarily.
According to the firm, its index of purchasing managers in the sector reached its highest level in 13 months in March, reaching 55.1, up three points from the previous month. Any value greater than 50 indicates expansion of the output.
Stocks are becoming more prevalent in recent months as Britain's exit is imminent – initially scheduled for March 29 but delayed until at least April 12.
Given the uncertainty, companies have accumulated stocks of raw materials and products that they need elsewhere in Europe.
___
8:45
The prime minister responsible for the discipline of Prime Minister Theresa May said that the government should have told the public that she should accept a softer form of exit from the European Union after May lost her majority in the 2017 general election.
Chief Whip Julian Smith, who is responsible for ensuring that Conservative Party legislators vote for the government, made the comments in a BBC documentary that will air on Monday.
Smith said May called the elections to strengthen his commitment to the Brexit, but was weakened by the loss of his majority. He added that the government "should have been more clear about the consequences of this parliamentary arithmetic would mean that it would inevitably be a kind of more moderate Brexit".
These comments took place after the Parliament on Friday rejected for the third time the EU withdrawal agreement with May.
Source link
