Weekly Trading Update

Weekend Paper Round 15/06/2015



Financial Times
- Brexit vote threatens UK rating says S&P
- Costolo’s departure exposes Twitter’s fragility
- Petra blames small diamonds for knocking 9% off revenues
- Carmaker Renault to launch accounts
- Poll reveals fossil fuel investments seen as ‘risky’

The Independent
- Thousands of apprenticeships lost in key industries
- Rise of US fracking causes seismic shift in North Sea oil
- Network Rail could face fines over late trains
- Rupert Murdoch is stepping down as CEO of 21st Century Fox
- Mark Carney tells London: ‘The age of irresponsibility is over’

The Wall Street Journal
- Hudson’s Bay to buy German chain Galeria Kaufhof
- Is Huffington Post worth $1 billion?
- Oil prices decline on oversupply concerns
- New Zealand dollar sinks after rate cut
- African leaders pledge to create 26-nation free-trade zone

The Guardian
- Greece’s latest attempt to reach deal with creditors collapses
- Gin’s return a real tonic for UK bars, distillers and plant growers
- Zimbabweans get chance to swap ‘quadrillions’ for a few US dollars
- Bank branch use falls 6% as customers embrace digital advances
- Wage growth and migration could hold key to UK interest rates

The Daily Telegraph
- Thomas Cook announces deal with Fosun in China
- Rush to buy after Conservative victory pushes house prices to record
- Tesco and Morrisons receive lion’s share of supermarket complaints from suppliers
- Barack Obama trade plan dealt major blow
- Bank reform must reflect changes since crisis, says Liikanen

The Times
- Fund giants lay plans to quit city over Brexit
- Aviva sells property empire
- Tchenguiz sues Merrill Lynch for £650 million
- Vedanta set for Cairn India tie-up
- Vickers warns banks: ring fence is a done deal

Daily Mail
- Deflation expected to end this week as oil/food price falls fade form official measure of prices
- Net-A-Porter bags first profit for 5 years
- Luxury investment firm The House Britannia prepares for float on stock exchange
- Trouble for Tesco as Moody’s says supermarket giant needs £5bn to get back on track
- Competition authority starts deeper probe into Dairy Crest division sale to Muller



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