Back lined up to be the future for Royal Mail: A German parcels expert is being

lined up as the next Chief Executive of Royal Mail.

Poor jobs growth in US kills hopes of interest rate rise: American employers

slammed on the brakes in April, creating just 160,000 new jobs and ending

any chance of a further rise in interest rates in June.

Carmakers ‘will quit UK’ if steel crisis drags on: One of the British motor

industry’s most senior Executives has warned that volume carmaking will

disappear from the country if the steelmaking crisis is not resolved.

All change but no change for Saudi oil policy: Saudi Arabia’s new energy

Minister has signalled that his appointment will make no difference to the

kingdom’s aggressive policy of trying to drive rival producers out of business

with cheap oil.

Virgin Trains on wrong side of ‘irrefutable’ report: The prospect of train

companies fighting a price war on the main line between London and

Edinburgh has drawn closer after a report commissioned by the rail regulator

said there was “irrefutable” proof that competition would bring significant

economic benefits.

China fails to maintain its great leap forward: Hopes of an economic

resurgence in China have been dealt a blow by weak trade data that raise

fresh concerns about the state of the global economy.

Lloyds hits firms with hidden fees: Smaller business customers deemed “less

sophisticated” are being charged hidden fees by Lloyds Bank when they are

dealing in overseas currencies, it has emerged.

Ikea has designs on BHS stores as MPs start inquiry: Ikea is in talks to take over

some BHS stores if the retailer fails to find a buyer for the whole business.

Court approves £3.9 billion dam disaster settlement: The Brazilian federal

court of appeal has approved a settlement agreed by Samarco and its Owners,

BHP Billiton and Vale, with state and federal governments over the dam

disaster that killed at least 19 people last year.

Cabin crew strike threat to half-term holidays: Holidays planned for the May

half-term week could be disrupted by striking cabin crew at Thomas Cook

Airlines.

Spy Chiefs say quitting EU is security risk: The former heads of MI5 and MI6

have warned that leaving the EU could undermine “our ability to protect

ourselves” from terrorists.

BBC threat to axe free licence for 600,000 older pensioners: Hundreds of

thousands of over-75s could lose their free TV licences under plans for a

“stealth” welfare cut being considered by Lord Hall, the BBC Director-general.

Current

Value (%)

Change* 1W% Change

FTSE 100 6,164.9 0.6%

DAX 30 10,010.4 1.4%

CAC 40 4,346.5 1.1%

DJIA** 17,740.6 -

S&P 500** 2,057.1 -

NASDAQ Comp.** 4,736.2 -

Nikkei 225 16,216.0 0.7%

Hang Seng 40 20,156.8 0.2%

Shanghai Comp 2,832.1 -2.8%

Kospi 1,967.8 -0.5%

BSE Sensex 25,665.1 1.7%

S&P/ASX 200 5,320.7 0.5%

Current Values as at 11:15 BST, *%Chg from Friday Close, **As on Friday Close

0.8%

-1.5%

-0.87%

-0.9%

-4.5%

-3.4%

-0.8%

-0.4%

-0.2%

-2.9%

-1.7%

-1.9%

Stations and links at risk in HS2 ‘wreck’: Britain’s £55 billion high-speed rail project is in crisis as officials consider axeing stations, rail

links and platforms amid fears costs will run out of control.

Carney prepares for rate cut if Britain quits EU: The Bank of England will this week deliver its most detailed warning yet on the

potential impact of Brexit on the economy, which is slowing sharply ahead of the June vote.

SNP cools on referendum after Brexit: Another Scottish independence referendum in the wake of a vote for Brexit is now unlikely,

according to senior SNP sources after the party failed to win a majority in Thursday’s Holyrood election.

JPMorgan names David Hudson as global head of markets execution: JPMorgan Chase has rejigged its trading businesses,

appointing a new global head of markets execution as it grapples with changes sweeping the industry.

To Read More Click Here

Khalid al-Falih takes the helm of Saudi Arabia’s oil ministry: Khalid al-Falih, long regarded as the Saudi oil Minister-in-waiting, has

taken control of a revamped energy ministry at the vanguard of national reform as the kingdom battles low oil prices.

To Read More Click Here

Saudi Arabia replaces veteran oil Minister Ali al-Naimi: Saudi Arabia has replaced veteran oil Minister Ali al-Naimi, one of the

industry’s most influential leaders for 20 years, as part of a broader shake-up at the world’s largest oil exporter.

To Read More Click Here

Toshiba picks Chief Executive to steer turnround: Toshiba will revamp its management team in June, turning to an Executive in the

medical division to lead its efforts to rebuild after a $1.3 billion accounting scandal.

To Read More Click Here

Numis Founder and Chief Executive Oliver Hemsley to step down: The Chief Executive of leading UK broker Numis Securities is

stepping down after 25 years at the helm of the firm he founded, as it reports the highest half-year revenues in its history.

To Read More Click Here

Sadiq Khan sworn in as London mayor: Sadiq Khan was sworn in as London mayor at a ceremony in London’s Southwark Cathedral

on Saturday, becoming the first Muslim mayor of a large European capital.

To Read More Click Here

City rivals criticise Schroders over Chairman appointment: City fund Managers have accused Schroders of compromising its ability to

hold companies to account on governance issues by appointing its former Chief Executive as Chairman.

To Read More Click Here

US rate rise chances recede as jobs growth slows: Hiring by American employers decelerated in April to the slowest pace since

September, taking some of the shine off the US labour market following months of robust growth and adding to the Federal

Reserve’s dilemma over when next to lift short-term interest rates.

To Read More Click Here

Higher earnings the priority for BHP Billiton Chief: BHP Billiton will set out plans to boost earnings growth this week to woo

disgruntled investors and try to dispel the gloom that a fall in commodity prices has cast over the mining industry.

To Read More Click Here

TCI launches campaign against Executive pay at Volkswagen: Europe’s most aggressive activist investor has called for a radical

overhaul of Executive pay at Volkswagen, arguing “corporate excess on an epic scale” encouraged risk taking that contributed to

the diesel emissions scandal.

To Read More Click Here

City leaders urge radical reforms of ‘unfair’ Executive pay: Government and regulators will intervene to cap Executive rewards in the

private sector, unless investors and company boards tackle growing pay inequality, some of the leading lights of the City of London

have warned.

To Read More Click Here

Care-home providers push for help as fear of closures mount: Britain’s biggest care-home operators, including Bupa, and Four

Seasons, will meet Department of Health officials on Monday amid concerns that an increase in council tax to pay for elderly care

may not be passed on in time to avert closures.

To Read More Click Here

Whistleblowing reports to UK’s Pensions Regulator jump: The number of whistleblowers warning about UK companies failing to

comply with pension law rose nearly a third in the past year, underlining the difficulties facing even small schemes as a

parliamentary committee holds its first hearing into BHS’s pension crisis.

To Read More Click Here

Uber and Lyft to pull out of Texas capital: Uber and Lyft are to pull out of Austin on Monday, abandoning one of their key markets

in the southern US rather than complying with a requirement to run fingerprint-based background checks on drivers.

To Read More Click Here

Oil discoveries slump to 60-year low: Discoveries of new oil reserves have dropped to their lowest level for more than 60 years,

pointing to potential supply shortages in the next decade.

To Read More Click Here

Loan impairments rise at Commonwealth Bank of Australia: Commonwealth Bank of Australia gave a quarterly trading update that

followed a pattern set by its rivals in recent days, with Australia’s biggest bank by market capitalisation reporting underwhelming

profits and a rise in impairment charges.

To Read More Click Here

PwC to deploy drone army: PwC, the professional services firm, is joining the ranks of companies turning to drones and other new

technologies to upgrade their business models.

To Read More Click Here

Wildfires expand through Canada’s oil patch: Wildfires continued to blaze through the heart of Canada’s oil patch, expanding to

cover 1,000 square kilometres in what is expected to be one of the costliest natural disasters in the country’s history.

To Read More Click Here

Panama tycoon accused of laundering drug money: The Founder of a Panama business empire and his son have been running an

international narcotics money laundering ring, US authorities have alleged.

To Read More Click Here

Merlin looks to Derren Brown for touch of magic: Merlin Entertainments is turning to illusionist Derren Brown to help it conjure up

fresh growth.

To Read More Click Here

British health group BTG in deal for ‘ice balls’ cancer group: BTG, the UK medical technology group, has agreed to pay up to $110

million for a US cancer specialist that uses “ice balls” to freeze and kill tumours.

To Read More Click Here

Jury in Tabernula case directed to give majority verdict: Jurors deciding the fate of five defendants in the UK’s most high-profile trial

of insider trading said they might be approaching an “impasse” in their deliberations.

To Read More Click Here

Streaming surpasses CD sales at Warner Music: Warner Music Group has become the first major record company to report that

streaming has become its largest source of revenue, surpassing sales of physical formats such as CDs and vinyl.

To Read More Click Here

StanChart to offload retail arm in the Philippines: Standard Chartered is selling its retail business in the Philippines, the latest move in

a strategy to concentrate on large cities in emerging markets while exiting from smaller markets.

To Read More Click Here

Rio Tinto confirms Mongolian copper mine expansion: Rio Tinto is moving ahead with a $5.3 billion expansion of its Oyu Tolgoi

copper mine in Mongolia, placing a bigger bet on long-term demand for the industrial metal but increasing its exposure to a country

where it struggled for years to win approval for the project.

To Read More Click Here

ArcelorMittal cautions global steel market still ‘fragile’: Shares in ArcelorMittal fell more than 4 % on Friday as it cautioned that the

global steel market remained “fragile” because of China’s excess production.

To Read More Click Here

Itochu profits fall 20% amid commodities rout: Itochu reported a 20 % decline in net profit for the 2015-2016 fiscal year, in a sharp

reversal for the only Japanese trading house that had been projecting a record annual profit in spite of the global commodities rout.

To Read More Click Here

Luxembourg boldly goes into asteroid mining: The first commercial mission to harvest resources from asteroids could be launched

within five years, as Luxembourg’s government works on joint missions with two US space research companies to prospect for water

and minerals in outer space through robotic missions.

To Read More Click Here

Activists say Russian telecoms group hacked Telegram accounts: A group of Russian activists plans to sue telecoms group MTS over

claims the company helped hack into their accounts on messaging app Telegram.

To Read More Click Here

Taxman targets salaries worth weight in gold: Companies must stop paying staff in gold bars as a way of avoiding tax, Revenue &

Customs warned on Friday.

To Read More Click Here

Cellectis hails success in ridding British infant of cancer: A second child with a previously incurable form of leukaemia has been

successfully treated with an important new cell therapy developed by Cellectis, a French company backed by Pfizer of the US.

To Read More Click Here

Brevan Howard moves into mass market: Hedge fund firm Brevan Howard, which is in the midst of its third down year, is branching

out to target retail investors in a bid for new investment offerings.

To Read More Click Here

Tata bidder Excalibur Steel says it will slash another 1,000 jobs - in addition to the 1,000 already announced - if it wins: One of the

bidders seeking to rescue Tata’s failing UK steel business has said it expects to slash around 1,000 jobs if it is successful.

Jaguar Land Rover celebrating best ever April with plans to hire up to 1,000 ex-military personnel: Jaguar Land Rover is celebrating

its best ever April with plans for up to 1,000 new jobs for ex-military personnel.

City watchdog could be asked to investigate shamed credit card firm CPP after boardroom coup by Founder Hamish Ogston: The

City watchdog could be asked to investigate shamed credit card firm CPP after a boardroom coup by its Founder Hamish Ogston.

Over £100 million: BHS cash burnt in just 13 months by former Owner Dominic Chappell - and board blocked him from writing

cheques: BHS’s former Owner Retail Acquisitions, run by twice-bankrupt ex-racing driver Dominic Chappell, burnt through more

than £100 million in 13 months at the company after buying it from Sir Philip Green for £1.

Lloyds and ITV face new backlash as investor groups demand action to end 'excessive' Executive wage hikes: A resurgent

shareholder spring is in the offing as investors in some of Britain’s biggest and best known companies including Lloyds Bank and ITV

are being urged to clamp down on huge handouts to Bosses.

PZ Cussons pinning hopes on new bronzing lotion that is applied in shower following record sales last year: The Owner of fake tan

brand St Tropez is pinning its hopes on a new bronzing lotion that is applied in the shower following record sales last year.

Hopes boosted at Tata UK as the price of steel goes up: The price of steel has risen sharply since the start of the year, boosting

hopes that Tata Steel UK might be sold in its entirety rather than being broken up.

Pure Gym’s in good shape as turnover leaps to £99 million thanks to 50% jump in membership: Budget chain Pure Gym has

recorded a 50 % jump in membership after its takeover of rival LA Fitness last year.

EasyJet poised for losses as fear of terrorist attacks hits bookings: Recent terror attacks in Brussels, Paris, Egypt and Turkey will have

hit travel companies such as budget airline easyJet and tour operator TUI, which both report half-year results this week, say analysts.

Salmon leaps as supply falls due to disease in Norway and toxic waters in Chile: The price of salmon has leapt as supply is squeezed

due to disease and toxic waters.

Terry Smith becomes Britain's most popular fund Manager after knocking arch rival Neil Woodford into second place: Outspoken

fund Boss Terry Smith has knocked rival Neil Woodford into second spot in the race to be the UK’s most popular fund Manager.

Interserve shares plunge after construction company warns of delays and mounting costs on Glasgow energy plant project: Shares in

Interserve plunged nearly 16.5 % to a four-year low after the construction company warned of delays and mounting costs on a

major project.

Motor insurer Hastings lifts market share as its customers increase to over 2 million and revenues jump by 22%: Insurer Hastings

Group has seen its share of the UK private motor market rise to 6% from 5.3% as it reported a 22% jump in first quarter revenues

to £132.7million.

UK workers' job satisfaction at two-year low as employers fail to engage staff, CIPD finds: Employers have been urged to rethink

their approach to staff and management after job satisfaction plunged to a two-year low in the UK.

Enda Kenny re-elected as Ireland's Prime Minister: Enda Kenny has been re-elected as Ireland's Taoiseach, leading his Fine Gael party

into a minority government.

EU membership has added £1,800 to British pay packets, business lobby group London First claims: Membership of the European

Union has added £1,800 to workers' salaries, researchers have claimed.

TTIP trade deal under threat after Germany claims US not making ‘any serious concessions’: The controversial Transatlantic Trade

and Investment Partnership (TTIP) has been thrown into further doubt after a senior German Minister claimed the United States was

not willing to make “any serious concessions”.

John McDonnell calls on Labour to back proportional representation: Labour’s shadow Chancellor John McDonnell is calling on

Labour to support a change in the voting system to proportional representation, the Independent can reveal.

BHS Owner was forced out of a previous venture amid dispute over money: The Owner of the now collapsed British Home Stores

(BHS) was forced out of a previous venture after allegedly taking £315,000 from the business for personal use, according to a

report.

Two-thirds of British businesses hit by cyber-attacks in the past year: Two thirds of large British businesses have experienced a cyber-

attack or breach in the last 12 months, research has revealed. Findings from the Cyber Security Breaches Survey, undertaken by

Ipsos Mori for the Government, show a quarter of large firms experiencing a cyber breach did so at least once a month.

Pressure grows on David Cameron over Zac Goldsmith's ‘dog whistle’ campaign: David Cameron is under mounting pressure to

distance himself from Zac Goldsmith’s “dog whistle” London mayoralty campaign, after one of the Conservative Party’s most sen ior

Muslim figures said it may have strengthened the hand of Isis recruiters and increased the risks of homegrown terrorism.

BMA agrees to re-enter talks with Government over junior doctors contract: The BMA has announced it will re-enter talks with the

Government over the disputed junior doctors' contract, which the Health Secretary Jeremy Hunt has said will be introduced.

Morrisons Chief Executive given £1 million bonus: Morrisons’ Chief Executive, David Potts, has been handed a £1 million bonus after

the supermarket chain bounced back to profitability and improved sales.

Bank of England meeting could discuss cutting interest rates: The Bank of England’s interest rate setters meet against a gloomy

economic backdrop this week that could prompt at least one policymaker to push for a cut in borrowing costs to shore up stalling

growth.

Offshore finance: more than $12 trillion siphoned out of emerging countries: More than $12 trillion (£8 trillion) has been siphoned

out of Russia, China and other emerging economies into the secretive world of offshore finance, new research has revealed, as

David Cameron prepares to host world leaders for an anti-corruption summit.

Blacklisted workers win £10 million payout from construction firms: About £10 million will be paid in compensation to more than

250 building workers who were “blacklisted” by some of Britain’s biggest construction firms under a settlement to be announced

on Monday.

Brexit would hit house prices significantly, says George Osborne: Leaving the European Union would hit house prices significantly

and make mortgages more expensive, George Osborne has claimed, as the referendum campaign steps up a gear.

Hinkley Point: UN says UK failed to consult over risks: The British government has run into a major new problem with the Hinkley

Point C nuclear project, with a United Nations committee ruling that the UK failed to consult European countries properly over

potential environmental risks.

BHS Owner forced out of previous venture in row over missing money: Dominic Chappell, whose consortium owned BHS before it

collapsed last month, was forced out of a previous business venture after taking around €400,000 (£315,000) from the company for

his personal use.

IMF threatens to pull out of Greek rescue: Hopes of an end to the impasse between Greece and its creditors have appeared to

evaporate after asurprise intervention from the International Monetary Fund.

Monday,

09 May 2016

UK: Halifax House Prices (MoM), Halifax House

Prices (3m/YoY), BRC Retail Sales Monitor - All

(YoY)

US: Fed's Evans Speaks on Economy and Policy

on Panel in London, Fed's Kashkari Speaks in

Minneapolis, Mortgage Delinquencies, MBA

Mortgage Foreclosures

EU: Sentix Investor Confidence, ECB Vice

President Vitor Constancio Speaks on Panel in

London

Final Results: Beximco Pharmaceuticals Ltd. GDR

(Reg S)

Interim Results: ITE Group, Premier Veterinary Group

Trading Announcements: Dignity, Greggs, Liberty

Global

Tuesday,

10 May 2016

UK: Total Trade Balance, Trade Balance; non-EU,

Visible Trade Balance

US: NFIB Small Business Optimism, JOLTs Job

Openings, Wholesale Inventories

EU: OECD Economic Outlook

Final Results: Gear4music, Maxcyte, Quantum

Pharma, Venn Life Sciences

Interim Results: Cambria Automobiles, easyJet

Trading Announcements: Bovis Homes Group,

Capita, Hiscox Limited, Interserve, Markit

Wednesday,

11 May 2016

UK: Industrial Production (MoM), Industrial

Production (YoY), Manufacturing Production

(MoM), Manufacturing Production (YoY), NIESR

GDP Estimate (3M), RICS Housing Price Balance

US: MBA Mortgage Applications, DOE Cushing

OK Crude Inventory (Barrels), DOE Distillate

Inventory, DOE Gasoline Inventories, EIA Crude

Oil Stocks Change (Barrels), Monthly Budget

Statement

EU: ECB Balance Sheet, ECB's Nowotny Speaks in

Vienna

Final Results: C&C Group, Experian, Vertu Motors

Interim Results: Compass Group, TUI AG Reg Shs

(DI)

Trading Announcements: Afarak, Awilco Drilling,

Barratt Developments, Cape, National Express

Group, OneSavings Bank, Premier Oil, Purplebricks

Group, Renishaw, William Hill, Wood Group (John)

Thursday,

12 May 2016

UK: Bank of England Inflation Report, BoE

Interest Rate Decision, BoE Asset Purchase Facility

US: Continuing Jobless Claims, Initial Jobless

Claims, Import Price Index (MoM), Import Price

Index (YoY), EIA Natural Gas Storage Change

EU: Industrial Production s.a. (MoM), Industrial

Production w.d.a. (YoY)

Final Results: JZ Capital Partners Ltd, Stobart, Talk

Talk Telecom, Vedanta Resources

Interim Results: Titon

Trading Announcements: Aldermore, Cairn Energy,

Galliford Try, Hansard Global, ITV, Mondi, Old

Mutual, Phoenix, Rank Group, Ricardo, SIG,

Sportech, Supergroup, Telefonica SA, Vesuvius

Friday,

13 May 2016

UK: Construction Output (MoM), Construction

Output (YoY)

US: Advance Retail Sales (MoM), Retail Sales Ex

Auto & Gas, Retail Sales ex Autos (MoM), Retail

Sales "Control Group" (MoM), Producer Price

Index (MoM), Producer Price Index (YoY),

Producer Price Index ex Food & Energy (MoM),

Producer Price Index ex Food & Energy (YoY),

Business Inventories, Reuters/Michigan Consumer

Sentiment Index, Univ. of Michigan Current

Economic Conditions, Univ. of Michigan Index of

Consumer Expectations, Baker Hughes US Rig

Count, Fed's Williams Speaks in Sacramento

EU: EU 28 New Car Registrations (YoY), Gross

Domestic Product s.a. (QoQ), Gross Domestic

Product s.a. (YoY)

Trading Announcements: Coca-Cola HBC AG (CDI)