MARKET BUZZ
08:45
Tuesday newspaper round-up: Bomb attack, Merkel on euro, energy lobbying
noticias

At least 22 people have been killed and 59 injured in what is being investigated as a suspected suicide bombing of a crowded pop concert in Manchester, the most deadly attack in Britain in a decade. - Guardian .

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22 May
Monday newspaper round-up: Brexit talks, house prices, convenience stores
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Britain has “no time to waste” in Brexit talks, Theresa May will warn as she says formal negotiations about leaving the European Union will start just 11 days after the election. The Prime Minister will tell supporters in Wales - which voted overwhelmingly to leave the European Union at the referendum – not to risk letting Jeremy Corbyn lead these talks. - Telegraph.

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21 May
Sunday newspaper round-up: Tory manifesto, M&S, Store Twenty One, 'Platinum Pensioners'
sundays

Top business leaders have warned Theresa May's interventionist manifesto proposals are “ill-judged, unworkable and risk damaging the British economy”. Andy Higginson, the chairman of Morrisons, described the Conservative proposals as an "attack on business" that risked damaging the UK’s competitiveness as it prepares to leave the European Union. The FTSE 100 supermarket boss, who is also chairman of online retailer N Brown, said the Tories’ “headline grabbing” manifesto was unlikely to address long-term challenges such as raising productivity and living standards.

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19 May
Friday newspaper round-up: Consumer concerns, Brexit M&A, migration, SFO
noticias

British consumers are bracing themselves for an expensive and uncertain post-Brexit future, with four out of five fearing price rises on household essentials such as food, drink and clothing, a survey has revealed. Eighty-three percent of Britons admit they are concerned about price hikes in goods and services, while 59% are most worried about the soaring cost of groceries, according to a poll for Mintel’s 27th annual British Lifestyles report. Spiralling holiday costs are a concern for 35%, with 26% fearing higher prices for clothing and shoes.

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18 May
Thursday newspaper round-up: VW, Lloyds, May, Hinkley Point
noticias

Countries seeking a trade deal with the EU should meet European standards on labour law and fair competition, one of the bloc’s most senior officials has said in remarks that reinforce Brexit red lines. Margrethe Vestager, the EU competition commissioner, described the trade agreement with Canada as a model for the future because it enshrined recognition of labour standards, human rights and animal welfare. – Guardian.

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17 May
Wednesday newspaper round-up: Tata Steel, Lloyds, Balfour Beatty
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Dominic Chappell, the former owner of BHS, could be pursued for millions of pounds owed to Philip Green’s business empire as well as to creditors of the now collapsed department store. Chappell’s Retail Acquisitions (RAL), which bought BHS for £1 in 2015, has been accused of extracting an estimated £17m from the retailer despite owning it for just 13 months before it went into administration in 2016. – Guardian.

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16 May
Tuesday newspaper round-up: Sterling, renewables, Microsoft, fund charges
noticias

Sterling is close to crossing back above $1. 30 for the first time since September as investors cut their short positions amid hopes that a hard Brexit is less likely and ahead of an expected surge in inflation. There are now fewer short positions against the pound than at any time since July last year, a month after the Brexit vote, with sterling’s rebound also making it more viable for companies to take out hedges to manage their currency risk. - The Times.

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15 May
Monday newspaper round-up: Jobs warning, deficit deceit, energy price cap
noticias

British workers should brace themselves for rising unemployment and falling real pay in the year ahead as the impact of a Brexit slowdown is increasingly felt in the jobs market, reports have warned. The era of rapidly increasing employment is over, according to the forecasting group EY Item Club, which on Monday predicted the unemployment rate will rise from 4. 7% now to 5. 4% in 2018 and 5. 8% in 2019. - Guardian.

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15 May
London pre-open: Stocks seen firmer as oil prices rally
London Stock Exchange AIM LSE shares

London stocks were set for a firmer open on Monday, underpinned by rising oil prices following reports that Saudi Arabia and Russia have agreed to do "whatever it takes" to keep a floor under prices and extend the production freeze until March 2018.

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14 May
Sunday newspaper round-up: Hard Brexit, exports, cost of living, GSK, BT
sundays

The European Court of Justice (ECJ) is set to pave the way for a hard Brexit by handing 38 national and regional parliaments the power to veto trade deals. In a move that further clouds the prospects of a swift and comprehensive UK-EU deal, the European Union’s highest court is expected to extend the veto rights to regional parliaments through a ruling on the EU’s 2014 trade agreement with Singapore. - Sunday Times.

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12 May
Friday newspaper round-up: Deliveroo, Jes Staley, Lloyds
noticias

Relations between the world’s two largest economies have hit “a new high”, Donald Trump’s commerce secretary has claimed, announcing a “herculean” trade deal between Washington and Beijing in the latest sign of warming ties. Trump frequently lashed out at China on the campaign trail, describing Beijing as an “enemy” of the United States. - Guardian.

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11 May
Thursday newspaper round-up: RICS, Sky-21st Century Fox, AkzoNobel
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The UK housing market is continuing to slow down, with falling property sales, “stagnant” buyer demand and general election uncertainty all adding up to one of the most downbeat reports issued by surveyors since the financial crash. In its latest monthly snapshot of the market, the Royal Institution of Chartered Surveyors (Rics) said momentum was “continuing to ebb,” with no sign of change in the near future. – Guardian.

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10 May
Wednesday newspaper round-up: Consumer dip, merger job losses, pay row
noticias

Consumer spending will have “effectively stalled” by next year as Britons respond to rising inflation, minimal wage growth and a slowdown in house prices, a leading think tank has warned. The National Institute of Economic and Social Research said that robust growth in consumption in 2016 was coming to an end as the fall in sterling pushed up the cost of imports and filtered through into the prices of everyday goods and services. - The Times.

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09 May
Tuesday newspaper round-up: Skills shortage, retail rebound, Co-op, Lloyds
noticias

The number of candidates available for jobs has hit a 16-month low, prompting fears that Brexit has triggered a skills shortage in areas ranging from IT to engineering to nursing. There was the steepest fall in availability for permanent and temporary roles in April since December 2015, according to a report from the Recruitment and Employment Confederation. - The Times.

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08 May
Monday newspaper round-up: Insurers, energy suppliers, EU workers
noticias

Staying loyal to an insurer can cost families up to £1,000 a year. Firms overcharge by up to three times to fund their cut-price deals for new customers. Long-standing customers are offered good rates only if they challenge renewal quotes or threaten to leave. - Mail.

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07 May
Sunday newspaper round-up: Lower growth, French election, PPI extension, Sky
sundays

The Bank of England is set to lower its growth forecasts this week after the economy faltered in the first quarter. The slowdown leaves a pre-Brexit interest rate rise looking increasingly unlikely, although inflation is already above the Bank’s 2% target and expected to rise further, the Sunday Times reported.

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05 May
Friday newspaper round-up: Amazon, Elliott Advisors, Sports Direct
noticias

Amazon is to more than triple its research and development team in Cambridge working on tech innovations such as its Alexa digital assistant, delivery drones and Echo smart speaker. The US online retailer is opening a new building in the city with room for 400 experts in mathematical modelling, speech science, machine learning and “knowledge engineering”. – Guardian.

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04 May
Thursday newspaper round-up: Estate agents, Transline, Brexit, Facebook
noticias

London estate agents have begun to offer free cars worth £18,000, stamp duty subsidies of £150,000, plus free iPads and Sonos sound systems to kickstart sales in the capital’s increasingly moribund property market. The once super-hot central London market has turned into a “burnt-out core” according to buying agents Garrington Property Finders, prompting developers to offer ever greater incentives to lure buyers. – Guardian.

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03 May
Wednesday newspaper round-up: Food and drink exports, Apple, Jes Staley
noticias

Leaving the European Union without a trade deal in place could put up to 97% of British food and drink exports at risk, according to a House of Lords report that lays bare the agricultural industry’s overwhelming reliance on local markets. As negotiations between the EU and British government appear to take a turn for worse, concerns are growing that failure to reach an exit deal could leave many industries facing steep tariff barriers in future – something government ministers hope could be offset by opportunities in other international export markets.

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02 May
Tuesday newspaper round-up: Fed, Brexit battle, car finance, Lloyds
noticias

The chances of the US Federal Reserve raising interest rates this week were put at less than 5 per cent yesterday after a key measure of inflation fell for the first time in more than 15 years. The core personal consumption expenditures price index fell by 0. 1 per cent in March compared with the previous month. The annualised rate of 1. 6 per cent fell short of the Fed’s 2 per cent target. - The Times.

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