Advertisement
UK markets close in 5 hours 14 minutes
  • FTSE 100

    7,868.49
    +20.50 (+0.26%)
     
  • FTSE 250

    19,404.14
    +64.00 (+0.33%)
     
  • AIM

    744.19
    +1.07 (+0.14%)
     
  • GBP/EUR

    1.1685
    +0.0018 (+0.15%)
     
  • GBP/USD

    1.2472
    +0.0016 (+0.12%)
     
  • Bitcoin GBP

    49,345.16
    -1,149.09 (-2.28%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,022.21
    -29.20 (-0.58%)
     
  • DOW

    37,753.31
    -45.66 (-0.12%)
     
  • CRUDE OIL

    81.81
    -0.88 (-1.06%)
     
  • GOLD FUTURES

    2,393.30
    +4.90 (+0.21%)
     
  • NIKKEI 225

    38,079.70
    +117.90 (+0.31%)
     
  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     
  • DAX

    17,768.27
    -1.75 (-0.01%)
     
  • CAC 40

    8,012.69
    +31.18 (+0.39%)
     

Owner of Virgin Media plans a 500,000 pounds donation to UK's 'In' camp

May 4 (Reuters) - John Malone's cable company Liberty Global (NasdaqGS: LBTYA - news) , which also owns Virgin Media, is evaluating a potential contribution of up to 500,000 pounds ($724,550) to a campaign to keep Britain in Europe.

The company is evaluating a contribution to the "Britain Stronger In Europe" campaign because of the "uncertain macroeconomic impact" that a UK exit from the EU could have on business and consumers, said Manuel Kohnstamm, chief corporate affairs officer at Liberty Global.

Citi, Goldman Sachs (NYSE: GS-PB - news) , JPMorgan (LSE: JPIU.L - news) and Morgan Stanley (Xetra: 885836 - news) have already donated six-figure sums to the Britain Stronger in Europe campaign group, sources have said, as some of the world's biggest banks fear the impact on their UK operations of a British exit.

The campaign for Britain to leave the European Union saw its lead narrow slightly over the rival "In" campaign, according to a weekly online poll published by opinion poll firm ICM on Tuesday.

Most economists reckon leaving the EU would deal a blow to the British economy, with a hefty current account deficit - 7 percent of GDP in the last quarter of last year - leaving Britain vulnerable to any pull-back in investment flows. ($1 = 0.6901 pounds) (Reporting by Kate Holton in London and Shivam Srivastava in Bengaluru; Editing by Sandra Maler)