Weekly Trading Update
Weekend Paper Roundup 01/08/2016
- Exxon and Chevron woe caps miserable week for oil majors
- SABMiller board backs ABInBev’s revised offer
- Brakes go on Baidu profits as healthcare scandal hits
- Monte dei Paschi backs €5 billion rescue
- Pearson shares down as sales fall 7%
The Wall Street Journal
- Slump still hurts oil firms
- Car sales recover, but Brexit looms
- Softbank turns its attention abroad
- Alphabet’s net soars on rising ad demand
- Mediaset, Vivendi clash over TV deal
The Guardian
- Philip Green blasts Frank Field for turning inquiry ‘into kangaroo court’
- EU bank stress tests: vulnerability of Barclays and RBS under scrutiny
- England’s plastic bag usage drops 85% since 5p charge introduced
- Banks still at risk of huge frauds, warns rogue UBS trader Kweku Adoboli
- Business lending predicted to shrink in wake of Brexit vote
The Telegraph
- Uber China to merge with local rival Didi
- UK to escape contraction in third quarter as businesses ‘move forward’ after Brexit vote
- Barclays to abolish passwords for phone banking
- GlaxoSmithKline and Google’s Verily to invest £540 million in joint UK research centre
- Bank bosses say rate cut won’t boost investment
The Times
- Carney lines up support package to steady economy after Brexit
- Pension probe targets heart of Green’s empire
- O2 chief dials up job at Verizon
- Cobham set to jettison boss
- High street gloom spreads as shoppers shun Next
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