REFERENDUM – GREAT BRITAIN

Markets skittish as Brexit vote looms

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Original article by Jessica Sier
The Australian Financial Review – Page: 22 : 20-Jun-16

The UK’s referendum on membership of the European Union is expected to be a key focus for Australian investors in the week beginning 20 June 2016. However, Alex Holmes of Capital Economics says the global economy is unlikely to be significantly affected in the long-term if the UK votes to leave the EU. Investors will also be awaiting the release of the minutes from the Reserve Bank of Australia’s latest board meeting, as well as US economic data such as unemployment claims and oil inventories.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CAPITAL ECONOMICS LIMITED, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. SENATE COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS, UNITED STATES. HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES, RESERVE BANK OF INDIA, INDIA. PRIME MINISTER’S OFFICE

Stocks most at risk if Britain leaves the EU

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Original article by Jessica Sier
The Australian Financial Review – Page: 27 : 16-Jun-16

Australian-listed companies that derive some of their earnings in the British pound may be affected if the UK opts to exit the European Union. Henderson Group has already been heavily sold down in the lead-up to the referendum, while other stocks that could potentially fall include CYBG and Westfield Corporation. However, Paul Taylor of Fidelity says a "Brexit" would result in a global sell-off, rather than the targeting of individual stocks.

CORPORATES
HENDERSON GROUP PLC – ASX HGG, CYBG PLC – ASX CYB, WESTFIELD CORPORATION – ASX WFD, COMPUTERSHARE LIMITED – ASX CPU, IRESS LIMITED – ASX IRE, FIDELITY INVESTMENTS AUSTRALIA LIMITED, CLYDESDALE BANK PLC, YORKSHIRE BANK PLC, UBS HOLDINGS PTY LTD

Brexit would be ‘regrettable for Australia’

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Original article by James Chessell
The Australian Financial Review – Page: 1 & 2 : 18-Apr-16

BHP Billiton CEO Andrew Mackenzie says there would be few implications for the resources giant if the UK votes to leave the European Union. However, he warns that it would deter future Australian companies from listing on the London stock exchange, as they would not have the same level of access to the broader European market. Rio Tinto chairman Jan du Plessis also believes that the UK should remain in the European Union. The referendum will be held on 23 June 2016.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE