Weekly Trading Update

Weekend Paper Roundup 23/05/2016



Financial Times
- Goldman Sachs shareholders revolt against top executive pay plan
- Brussels lines up ruling on Amazon back-tax bill
- Apple stake is $1 billion core bet for mystery Buffett protégé
- Oil services groups point to benefits from $13 billion merger
- Largest sovereign wealth fund joins VW class action

The Wall Street Journal
- Wal-Mart provides upbeat outlook
- UK court upholds plain-packaging rule for tobacco products
- Amazon looks to improve its growing freight network
- Google appeals French order in privacy dispute
- ST Telemedia to buy stake in Tata unit

The Guardian
- Greece pushes fresh austerity drive through parliament
- Unrest slows UK travel to Egypt, Tunisia and Turkey
- Corbyn calls for new economics to tackle ‘grotesque inequality’
- House prices could fall by 18% if Britain quits EU, says George Osborne
- Sir Philip Green could help draft law to protect pensioners, says MP

The Telegraph
- Ryanair to cut fares as it predicts slower growth following terror attacks
- Virgin Active reveals £130 million plan to flex its muscle in South East Asia
- Odeon £1 billion cinema auction draws Belgian and Mexican bids
- Mitie hit on revenues as it warns local councils face ‘funding crisis’
- Russian corporate deals are starting to come in from the cold

The Times
- BT to start search for new chairman as Rake hangs up
- Tesco sticks by taxi-mad banker
- G7 finance chiefs warn that EU exit would hit world economy
- Halcrow slashes benefits to avoid pensions lifeboat
- Anheuser Busch-InBev taps bidders for Pilsner Urquell sale

Daily Mail
- Excalibur Steel and Liberty House expected to declare willing to work together on Tata Steel bid
- Rescue deal for BHS expected within days
- Marks & Spencer’s new boss to present plans to revive troubled clothing business
- Co-operative Group launches major rebrand with new discount scheme for member
- Economic woes in Far East saw sales and profits slip at car maker Rolls-Royce

The Independent
- Brexit to create instant ‘DIY’ recession warns Osborne
- France’s largest insurer AXA is ditching all of its tobacco investment
- Debit cards ‘set to overtake cash as most common form of payment’
- Bayer offers to buy Monsanto for $62 billion
- Deutsche Bank staff may be punished for personal trade

 

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