Sunday , June 25 2017
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FT Opening Quote

Summary:
David Cameron has promised a Remain dividend, Elementis has warned on profits. Hornby needs Airfixing. FT Opening Quote, with commentary by City Editor Jonathan Guthrie, is your early Square Mile briefing. You can sign up for the full newsletter here. David Cameron has promised a “Remain dividend” if Britons vote to stay in the EU. In an interview with the FT, he said businesses and “job creators” would “pile back into the economy”. It’s welcome to hear a positive message from the Remain camp, whose tendency to accentuate the negative resulted in the derogatory nickname Project Fear. London Mayor Sadiq Khan squared the account last night by accusing Brexiters of mounting a Project Hate over immigration. The only missing constituency now is Project Crikey I’ll Be Glad When This Ghastly Referendum Is Over, to which OQ firmly belongs. As to the Remain dividend, it’s likely sterling and equities would rally if the UK opts to stay in. Risks are heavily stacked on the downside, according to a currencies expert OQ talked to yesterday, not least because a recent surge in the pound has squeezed a lot of short money out of the market. Brer Corporate Financier informs us that over £10bn of initial public offerings would be transacted largely through London (though not all would be London listings) in the next twelve months, if Remain wins.

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David Cameron has promised a Remain dividend, Elementis has warned on profits. Hornby needs...

Chris Nuttall
Award-winning journalist with more than 35 years' experience in newspapers, magazines, radio, TV and the internet at local, national and international levels. At the BBC for 17 years and has spent the past 15 with the Financial Times. Served as a foreign correspondent in Sri Lanka, Washington and Turkey as well as in a roving role for the BBC. Turned a late 1980s geeky interest into a professional focus on the internet and technology and was founding World Editor of the BBC News website and the BBC 's first Internet Correspondent.

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