Weekly Trading Update

Weekend Paper Roundup 29/02/2016



Financial Times
- Belgium deepens tax fraud investigation in UBS
- Total fined over kickback cash to Saddam officials
- Honeywell lays out terms of rejected $90 billion offer for UTC
- Sharp looks to dispel Foxconn worries
- Areva posts €2 billion loss amid Finland project woe 

The Wall Street Journal 
- AB InBev/SABMiller deal to face hurdles in Africa
- India drugmakers step up US investment
- Diageo reaches deal with India chairman
- Judge tells VW to offer fix
- EU weighs new data regulations

The Guardian
- BT accused of ‘shameless profiteering’ over universal credit helpline
- Ex-Barclays boss to get large bonus despite being sacked last year
- Ofcom opens a road to faster broadband
- TTIP: EU and US vow to speed up talks on trade deal
- Tesco considering cutting store staff by 39,000 over three years

The Telegraph 
- Google’s rival to Apple Pay due in Britain next month
- ‘Perfect storm’ in 2017 to end rapid consumer spending growth
- Budget woes mount as Osborne struggles to control debt mountain
- Mervyn King: the Eurozone is doomed
- Sports Direct faces FTSE expulsion after share plunge

The Times
- China’s richest man warns Brexit vote could spark exodus
- Investors could force Glaxo to find Witty successor
- Procter & Gamble sues over fake Head & Shoulders
- Usmanov aide nets Everton
- Barclays to sound retreat from Africa

Daily Mail
- Sainsbury’s may raise bid in battle for Argos after rival offer from Steinhoff
- Manufacturing firms call for Budget break as rising costs ‘are making UK less competitive’
- Holidaymakers hit by tumbling pound as Brexit fears take their toll
- BT boss warns Brexit will drag UK back to ‘bygone era’ of import taxes and regulations
- Metro boss hails ‘fans’ as bank gears up for London stock market float next week

The Independent
- Morrisons to supply food to Amazon Pantry and Prime customers
- British American Tobacco accused of espionage in South Africa 
- iPhone SE: name of new, smaller Apple handset revealed
- The energy sector is improving, but spare a thought for SMEs
- Banks face another crash if they do not reform, warns Lord King

DISCLAIMER


Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investors lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit.

Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this update should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices. This update does not constitute or form part of an offer of, or solicitation for a transaction in any financial instrument, nor shall it or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefore. Any persons placing trades based on their interpretation of the comments or information within this update does so entirely at their own risk.

No representation, warranty, or undertaking, express or limited, is given as to the accuracy or completeness of the information or opinions contained within this update by Spreadex Ltd or any of its employees and no liability is accepted by such persons for the accuracy or completeness of any such information or opinions. As such, no reliance may be placed for any purpose on the information and opinions contained within this update.

The information contained within this update is the intellectual property of Spreadex Ltd and is protected by UK and International copyright laws. All rights reserved. Users may however freely download, distribute and reproduce extracts of the contents, subject always to accrediting Spreadex Ltd as the source and providing a hyperlink to www.spreadex.com.