Weekly Trading Update

Weekend Paper Roundup 25/01/2016



Financial Times
- Oil majors among 175 resource groups in danger of rating cuts
- Alphabet surpasses Apple on key valuation
- GE warns over China sales as crude price falls
- Goldman shrugs off $5 billion fine to get back in control
- Renault to recall 15000 cards over emissions problems

The Wall Street Journal
- Selloff puts business-tech upstarts in play
- Foxconn moves to acquire Sharp
- Pearson plans to cut 4000 jobs, warns on earnings guidance
- Intel sets China deal, possibly easing fears
- SABMiller’s revenue is taking a hit

The Guardian
- Europe’s big banks remain wary of doing business with Iran
- ‘Cheap’ Google deal sets bad precedent, says tax expert
- UK GDP figures to be released amid global economic jitters
- Proposed Canada pipeline project would threaten US tribal rights, lawyer says
- Millions of broadband customers in UK ‘suffer dire internet speeds’

The Telegraph
- Profit warnings hit crisis-highs as market turmoil wracks UK plc
- Tesco abandons attack on sandwich market by closing ‘Food to Go’ stores
- HSBC could decide this week whether to stay in UK
- Virgin Media to cut 900 jobs over the next 2 years
- Sky signs exclusivity deal with Twin Peaks maker Showtime

The Times
- American raider heaps pressure on Glaxo boss
- Silicon Valley giants queue up for Google-style tax deals
- Lagarde warns against Brexit
- Deutsche Bank faces €7 billion black hole
- Slowdown delays Bank rate rise to next year

Daily Mail
- Shell’s £36 billion bid for BG set to get Brazilian boost, as country drops talk of big oil tax hike
- Hedge funds bet £275 million on fall in Ocado share price as Amazon bid rumours hot up
- Cost of producing oil is threatening to overtake what it can be sold for
- Challenger bank Metro looks to defy stock market turmoil in £2 billion flotation
- Iran expected to sigh contract to buy 114 Airbus planes in boost to British manufacturing

The Independent
- George Osborne warned his ‘national living wage’ will spark job cuts
- Non-exec pay rises at slowest rate in 15 years
- Osborne set to miss OBR target on deficit by £10 billion
- MPs to tackle fears over late payouts to suppliers
- Davos gets a lot of attention but it has little relevance for most





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