MARKET BUZZ
23 Jun
Friday newspaper round-up: Hinkley Point, Halfords Boss, oil prices
noticias

Generations of British consumers have been locked into a “risky and expensive” project by the UK’s subsidy deal for a new nuclear power station at Hinkley Point in Somerset, according to a damning report by the spending watchdog. The National Audit Office said the contract sealed by ministers last September with EDF to construct the country’s first new atomic reactors in two decades would provide “uncertain strategic and economic benefits”.

Read full story
22 Jun
Thursday newspaper round-up: Brexit, Google and Facebook, Diageo, SFO
noticias

The price of British strawberries could rise by more than a third if the UK cannot ensure access to European workers after Brexit, farmers have warned. Producers have called on the government to introduce a permit scheme for seasonal workers to ensure that the expansion of soft fruit production in the UK is not brought to a halt. – Guardian.

Read full story
21 Jun
Wednesday newspaper round-up: Uber, Gemfields, Barclays boss, GVC
noticias

Uber co-founder Travis Kalanick resigned from his position as chief executive of the $68bn ride-hailing app on Tuesday, following a tumultuous six months of scandal. Kalanick stepped down in the face of pressure from five of Uber’s largest investors, according to the New York Times, which first reported Kalanick’s exit. – Guardian.

Read full story
20 Jun
Tuesday newspaper round-up: Brexit talks, May days, inequality gap, Barclays
noticias

David Davis bowed to European demands that Britain agree the principle of its multibillion-pound Brexit bill before talks on a new trade agreement can begin, as formal negotiations got under way in Brussels yesterday. In a significant climbdown, less than a month after declaring that the sequencing of the talks would be “the row of the summer”, Mr Davis changed tack and signed up to the main principles of the EU’s position. - The Times.

Read full story
19 Jun
Monday newspaper round-up: brutal Brexit, soft Brexit, boomer boost, Co-op
noticias

European leaders fear that Theresa May’s government is too fragile to negotiate viable terms on which to leave the union, meaning the discussions that officially begin on Monday could end in a “brutal Brexit” – under which talks collapse without any deal. As officials began gathering in Brussels on Sunday night, the long-awaited start of negotiations was overshadowed by political chaos back in Westminster, where chancellor Philip Hammond warned that failing to strike a deal would be “a very, very bad outcome”.

Read full story
16 Jun
Friday newspaper round-up: Greece, Morrisons, FirstGroup
noticias

For the best part of a decade, Greece has wanted to become a “normal” country, and late on Thursday it appeared to begin that process, after creditors agreed to disburse €8. 5bn (£7. 4bn) of bailout funds aimed at putting the debt-stricken nation back on the road to recovery. The money, signed off after months of disagreement between the European Unionand International Monetary Fund over how to reduce Athens’ staggering debt pile, will be released in July, once European parliaments ratify the deal.

Read full story
15 Jun
Thursday newspaper round-up: May-DUP talks, Hammond speech, AIM, BAE
noticias

Theresa May’s hopes of securing the support of the Democratic Unionist Party for her minority government were faltering last night as the Treasury dug in against the costs of a deal. Some ministers were urging the prime minister to call the Northern Irish party’s bluff as negotiations stalled, while Britain’s most senior civil servant told the prime minister that she had little choice but to gain an agreement. - The Times.

Read full story
14 Jun
Wednesday newspaper round-up: Euro clearing, BP, VW, Jaeger
noticias

Technology companies such as Google and Facebook must do more to curb the “poisonous propaganda” that fuels terror attacks such as the atrocities in London and Manchester, the prime minister has said, launching a UK-French pact to explore new ways to curb the spread of online hate. At a bilateral meeting in Paris on Tuesday, both French president Emmanuel Macron and Theresa May agreed to explore creating a new legal liability for tech companies if they fail to remove inflammatory content, which could include penalties such as fines.

Read full story
13 Jun
Tuesday newspaper round-up: 'Credit impulse', soft Brexit, end of austerity
noticias

The global ‘credit impulse’ has fallen as dramatically over recent months as it did during the onset of the Lehman crisis, signalling serious headwinds for the world economy and asset prices just as the US Federal Reserve tightens monetary policy. A key UBS tracking indicator shows that the impulse has plummeted by 6pc of GDP since peaking last year, driven by powerful swings in China and the US. - Telegraph.

Read full story
12 Jun
Monday newspaper round-up: Household spending, Brexit plans, Brexit delay
noticias

Squeezed British households have cut back their spending for the first time in almost four years, according to figures that underscore the pressures from rising prices and political uncertainty. Visa, the credit and debit card processing business, said its vast database of spending patterns shows there was a drop in spending across a broad range of categories last month, including clothing, household goods, food and transport. - Guardian.

Read full story
11 Jun
Sunday newspaper round-up: Election fallout, Brexit, insurers, energy companies, BP
sundays

Sterling, the market’s usual prism for viewing the UK’s departure from the European Union, fell 2% on Friday but the pound is still higher than it was on the morning of 18 April, the day Theresa May announced her fateful plan to go to the country to secure a stronger negotiating hand. Investors’ mood of semi-cheerfulness flows from the idea that May is now so weakened that she, or the next Tory leader, won’t be able to pursue a hard Brexit that seeks to take the UK out of the EU single market and customs union.

Read full story
09 Jun
Friday newspaper headlines: Election reaction, Dodd-Frank, HSBC, Aramco
noticias

A humiliated Theresa May called today for a “period of stability” as she was urged to resign after her gamble on a snap election backfired. A hung parliament was inevitable after the Tories failed to win in Labour’s heartlands and lost ground in the south as voters rejected her appeal for a personal mandate to negotiate Brexit. - The Times.

Read full story
08 Jun
Thursday newspaper round-up: House prices, Berendsen, WPP, Philip Green
noticias

Oil industry company Halliburton has been branded “obscene” for advertising unpaid UK internships, which critics say give an unfair advantage to people from privileged backgrounds. In an advert on its recruitment site, Halliburton said it was seeking “people who want to innovate, achieve, grow and lead” for student internships at its office in Chiswick, west London. – Guardian.

Read full story
07 Jun
Wednesday newspaper round-up: Airlines, Burberry, Tesco
noticias

Airline bosses should apologise instantly, roll up their sleeves and join the passengers next time they suffer a British Airways-style PR crisis, executives have advised. Speaking at the International Air Transport Association’s annual summit, Oscar Munoz, the chief executive of United Airlines, who was lambasted for his non-apology to a passenger who was injured when forcibly removed from an overbooked flight, said: “We have to become more flexible and more communicative about things.

Read full story
06 Jun
Tuesday newspaper round-up: Rents, EU-US trade, tourism, gas
noticias

Average UK rents have fallen for the first time in more than seven years, with London seeing the biggest decline, according to new data. The slowdown in the rental sector mirrors a similar picture in the housing market, with figures showing that property prices have fallen for the third month in a row. - Guardian.

Read full story
05 Jun
Monday newspaper round-up: Rate sensitivity, manufacturers, cars, sugar war
noticias

One in 25 businesses, or nearly 80,000 enterprises, would struggle to handle an increase in interest rates of as little as a quarter of a percentage point, according to research by the insolvency trade body, in the clearest sign yet of the fragile state of corporate balance sheets. It is thought that some 79,000 businesses would be unable to repay their debts if rates were to rise, four times as many as in September when the Association of Business Recovery Professionals, or R3 as it is known, conducted a similar survey.

Read full story
04 Jun
Sunday newspaper round-up: Tesco, RBS, Ocado, Aramco, Wood Group
sundays

After a terrorist attack on London Bridge where seven people were killed, over 40 injured and three attackers shot deal, campaigning in the general election was halted for the second time since the vote was called in April, adding further uncertainty to a race that already had become increasingly hard to call. While local work such as leafleting would continue, the Conservatives said they have decided not to campaign nationally on Sunday, while Labour said the party would resume campaigning on Sunday evening as delay any longer would disrupt the democratic process.

Read full story
02 Jun
Friday newspaper round-up: Tax evasion, M&S, BoE
noticias

The richest 0. 01% of households, involving those with more than £31m assets, evade paying 30% of their taxes on average, according to an academic study of tax evasion based on data revealed in the Panama Papers and the leaks concerning the HSBC Swiss private bank. Economists, who matched people named in the leaks with public wealth records, found that “the probability to hide assets rises very sharply with wealth”. The paper found that the super-rich evaded more than 10 times as much of their due taxes as the wider population, which on average evaded 2%.

Read full story
01 Jun
Thursday newspaper round-up: BA, Deliveroo, UK growth, AkzoNobel
noticias

The IT shutdown that led to chaos for British Airways was caused by an “uncontrolled return of power” following an outage that physically damaged servers at its data centre, the airline has said. About 75,000 passengers were affected as flights were cancelled following the incident on Saturday morning. The carrier was unable to resume a full schedule until Tuesday and many passengers are still without their luggage. – Guardian.

Read full story
31 May
Wednesday newspaper round-up: poll shock, Ladbrokes, Allied Irish, BT
noticias

The Conservative Party could be in line to lose 20 seats and Labour gain nearly 30 in next week’s general election, according to new modelling by one of the country’s leading pollsters. YouGov’s first constituency-by-constituency estimate of the election result predicts that the Tories would fall short of an overall majority by 16 seats, leading to a hung parliament. - The Times.

Read full story