Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– Voters in the United Kingdom are going to the polls on Thursday with many analysts expecting the centre-left Labour Party, led by Keir Starmer, to hand the incumbent Conservative Party its largest defeat in generations. The Tories, led by Prime Minister Rishi Sunak, had been fraught by scandals, growing dissatisfaction with Brexit and a revolving door of leadership resulting in five prime ministers in eight years. The Labour Party is looking to form government for the first time since 2010. Meanwhile, the centrist Liberal Democrats led by Ed Davey and Nigel Farage’s far-right Reform UK party are also trying to gain seats in the 650-seat House of Commons.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– Hurricane Beryl is moving west towards Mexico on Thursday after striking Jamaica and the Cayman Islands the day before. So far, the death toll from the hurricane is at least 10 people. While the storm weakened to a Category 3 hurricane earlier today, it is still expected to make landfall at the Yucatan peninsula later today before moving to northeast Mexico and southern Texas on Monday.
– Hudson’s Bay Company (HBC) has reached a deal to purchase United States luxury department store chain Neiman Marcus, according to media reports on Wednesday. HBC will pay US$2.65 billion for the retailer whose 36 locations sell designer fashion, accessories and housewares. HBC already owns other luxury retailers Saks Fifth Avenue and Saks Off 5th.
