Hints and tips:
...Lord Philip Hammond, who was chancellor during Theresa May’s government, is a partner at the firm....
...A spokesman for prime minister Theresa May said the collapse was “extremely regrettable” and the priority was “to keep public services running”....
...Theresa May, prime minister, said that more than 90 per cent of private sector customers who employed Carillion’s cleaners and maintenance workers had promised to provide interim funding to allow them to...
...Still Mike Amey at Pimco notes that sterling, when measured on a trade-weighted basis, has not moved in the last month....
...“[This] should lower the risk of a very disruptive Brexit as the government should be able to plot a less confrontational exit from the EU”, said Mike Amey, head of sterling portfolio management at Pimco...
...Amey, for example, has already taken over Carillion’s work managing housing barracks for the Ministry for Defence....
...Monetary policy normalisation “will be vital in shaping the market in the coming months”, says Mike Amey, portfolio manager at Pimco....
...The gloom of bond investors has exceeded that of the currency market, where sterling has found a range just below $1.30 since UK Prime Minister Theresa May called a snap election in April....
...At about $1.27, the pound is close to where it was trading before Theresa May called the surprise election in April....
...Many investors expect this trend has room to run given the intense pressures prime minister Theresa May now faces in carving out the UK’s exit from the EU....
...As Theresa May prepares to trigger Article 50 on Wednesday, a new tone is emerging from her government over Brexit. It is the sound of ministers and officials managing expectations....
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