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0.000432306656052986 0.000432306656052986 0.00122466474802516 0.00153083093503154 0.00110219827322275 0.00116343151062395 -0.00563345784091597 -0.00384361031167721
Stock impact report

Hard Brexit is good for us says U.K. retail king [MarketWatch]

Diageo plc (DEO) 
US:NYSE Investor Relations: diageo.com/en/investors
Company Research Source: MarketWatch
Hard Brexit is good for us says U.K. retail king One of Britain’s leading retail bosses says his clothing chain will receive a financial boost if the U.K. crashes out of the EU without a deal. Simon Wolfson, chief executive of Next NXT, +1.92% said government plans to cut tariffs to zero on 87% of imports, as part of a temporary no-deal plan, will benefit the firm by between £12 million to £15 million. Wolfson, one of Britain’s most respected and influential figures in business, joins a growing number of bosses who have shrugged off concerns about a no-deal Brexit. Last month, Ivan Menezes, chief executive of Smirnoff Vodka owner Diageo DGE, -1.48% said there would not be a material impact to the company from the split. Diageo would also benefit from no tariffs, he said. Lord Wolfson, who was ennobled in 2010 and is a Conservative peer, said: “We are ready for a no- deal Brexit. Six months ago we wrote a report about all the systems we have put in place — bonded warehousing, dis Show less Read more
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