Weekly Trading Update

Weekend Paper Roundup 01/06/2015



Financial Times
- Home loan approvals rise 3% year-on-year
- Intel nears buying Altera for $15 billion amid M&A wave
- China plans to expand outward investment
- Banks tipped as UK’s next start performers
- Supermarkets pin faith on concessions

The Independent
- Telecity bought by US rival in deal to rule the clouds
- Airfix turns to crowd-funding model to revive archive designs like WW2 Spitfire
- Regulator to review £75 trillion British bank payments system
- Backlash against JPMorgan boss who branded investors ‘lazy’
- Fears over Synergy’s takeover plans left UK health outsourcer looking decidedly sickly

The Wall Street Journal
- EU raises pressure on France over Uber
- Google unveils new rival to Apple Pay
- Trial by fire for Europe’s debt investors
- Chinese tech firms aim to stay at home
- Chip maker Avago to pay $37 billion for rival Broadcom Corp

The Guardian
- Alexis Tsipras lambasts ‘absurd proposals’ for Greece debt-deal failure
- UK economy accelerating, CBI says
- Capital One customers to lose out as it slashes cashback
- Golden ales come of age as flavour of British summer
- UK offshore tax havens at heart of US investigation into World Cup corruption

The Daily Telegraph
- Government extends plan to cut Lloyds stake
- Wind industry makes last-ditch effort to save subsidies
- Canadians close in on Center Parcs takeover deal
- Qatar’s property owners could get ‘burnt’ in FIFA World Cup scandal
- OPEC under siege as Isil threatens world’s oil lifeline

The Times
- Whitehall puts fresh squeeze on contractors after scandals
- Irish housebuilder Cairn Homes eyeing London float
- Tax and privacy battles force apart Europe and US
- Co-op Bank’s shaky IT could hasten sale
- Pure Gym muscles in to buy LA Fitness

Daily Mail
- Mike Ashley’s secret plan to launch chain of cut-price high street stores
- Blow for boss Clarke as second Asda director quits after being given new role in reshuffle
- Morrisons prepares for shareholder revolt over £3 million payoff to former boss
- Local MPs label Gatwick’s submission on air quality to Airport Commission ‘completely unreliable’
- Kingfisher and B&M blame mild May for disappointing garden furniture sales



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