Weekly Trading Update

Weekend Paper Roundup 08/02/2016



Financial Times
- HSBC pays $470 million to settle US mortgage abuse claims
- BNP to reduce risk assets by €20 billion
- Collateral call spurs Galchev to sell LafargeHolcim shares
- Arcelor in $3 billion rights issue to cut debt
- Advertisers line up for slice of Super Bowl pie

The Wall Street Journal
- Oil firms’ dilemma: dividend or rating?
- ChemChina’s boss follows ‘different’ path
- Li presses regulators to approve O2/Three deal
- News Corp profits fall as ad revenue slides
- Shipping merger likely to roil sector

The Guardian
- Volkswagen claims chief expects most car owners to accept redress
- Rolls-Royce to cut dividend payouts
- A quarter of North Sea oil platforms ‘could be scrapped in 10 years’
- Investors in Next critical over dividend disclosure
- British American Tobacco faces call for bribery allegations inquiry

The Telegraph
- University of Bath biotech spin-put wins EU approval for ground-breaking chlamydia test
- British steel sector ‘at risk of impending collapse’
- Randgold Resources hails strong year despite profit slump
- Finery to open in John Lewis as sales hit £5 million in first year
- HSBC ‘to stay in London’ as board meets for final decision on HQ

The Times
- Transport tsar’s sell-off plan will break up Network Rail
- Glaxo boss leads drive for female executives
- Glencore sells precious metal to slash debt
- Pension funds set to bid for green bank
- Rexam and Ball ready £1 billion sale

Daily Mail
- Chinese tourists expected to flood to UK to shop during Chinese New Year
- Government’s profit from bailout of banks slashed by £12 billion in just seven months
- Drinks industry reacts with dismay to Government’s proposed new guidelines on drinking
- Restaurant Bill’s sees turnover shoot up 70% last year following opening of 24 new outlets
- Government regulator must be given power to force oil firms to keep pipelines and refineries open

The Independent
- EasyFoodstore reopens with bouncers
- EU could force global giants like Google and Facebook to reveal tax affairs
- Small firms ‘stranded’ on flood insurance
- More than a billion pounds a year in tax ‘avoided by wealthy Britons’
- US sells 134-year-old stock exchange to obscure Chinese conglomerate




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