Ayman Asfari of Petrofac may lose role as government ambassador for

business: Petrofac’s Chief Executive faces being stripped of his role as a

business ambassador for the Prime Minister unless he can overturn a fine for

insider trading.

Former Dunelm Chief was set ‘board relationship’ target: The former

Boss of Dunelm who departed amid signs of a clash of personalities had been

set a personal performance target of developing a strong relationship with the

board, it has emerged.

Judge criticises RBS for delays in paying victims: Most complainants hit by

restructuring scandal still waiting for compensation. The former High Court

judge overseeing Royal Bank of Scotland’s compensation scheme for victims of

its scandal-hit restructuring division has criticised its lack of progress.

Millions stuck on Big Six’s costly tariffs: More than eight million

households have been stuck on the expensive standard tariffs of one of the Big

Six energy suppliers for at least three years, according to Ofgem data.

Barclays customers locked out of share accounts by switch: Barclays

ended the week on the back foot as an ambitious move to combine its

stockbroking division into its retail bank left thousands of customers

complaining of being locked out of their accounts and being unable to

monitor their investment portfolios.

Provident Boss Peter Crook to give up £2 million payoff: Peter Crook has

given up a payoff worth almost £2 million after leaving Provident Financial last

week following its second profit warning and spectacular share price collapse.

The South African exile breaking up Old Mutual to take it back to its

roots: The Boss is carving up the business into four parts even if it means

doing himself out of a job.

Apple eyes up move to Gone With the Wind studio: Apple is considering

a move to the Hollywood studio where Gone With the Wind, Beetlejuice and

The Matrix were made as part of its $1 billion push into TV and film

production.

Super-port is gateway to post-Brexit world: London’s newest port is

poised to cash in on the ecommerce revolution with its logistics park. There is

no aroma of mulled wine and the fairylights aren’t up yet. But Christmas — as

well as Black Friday, its brazenly commercial late November sibling — is about

to start arriving in London Gateway.

Manufacturers defy Brexit gloom with rapid growth: Britain’s

manufacturing sector is growing at one of the fastest rates in more than three

years, according to a closely watched City indicator.

Brazil free of its worst recession: The Brazilian economy continues to

recover from its worst recession, expanding more quickly than expected in the

latest quarter.

Current

Value (%)

Change* 1W% Change

FTSE 100

7,426.4 -0.2%

DAX 30

12,080.3 -0.5%

CAC 40

5,099.7 -0.5%

DJIA**

21,987.6 -

S&P 500**

2,476.6 -

NASDAQ Comp.**

6,435.3 -

Nikkei 225

19,508.3 -0.9%

Hang Seng 40

27,740.3 -0.8%

Shanghai Comp

3,379.6 0.4%

Kospi

2,329.7 -1.2%

BSE Sensex

31,690.3 -0.6%

S&P/ASX 200

5,702.0 -0.4%

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

-0.3%

0.9%

-0.9%

1.1%

0.4%

1.2%

2.7%

1.4%

0.8%

0.4%

-0.21%

0.5%

Google to be hit with record EU fine over claims of phone software abuse: Brussels to crack down on tech giant for rigging

phone software market. Google faces a multibillion-Euro fine by the European Commission for using its Android smartphone

software to stifle competition.

Carillion investors seek bonus clawback from former Executives Richard Howson and Richard Adam: Carillion is under

pressure to claw back bonuses paid to former Directors as the stricken construction firm tries to shore up its finances.

Small businesses cry foul as HSBC freezes accounts over money laundering fears: Hundreds of entrepreneurs — from one of

Britain’s biggest YouTube stars to a fair trade handicraft maker — have had their business accounts frozen or threatened with

closure by HSBC amid a crackdown on financial crime by Britain’s biggest bank.

Peer-to-peer lender placed loans via its rivals: One of the country’s biggest alternative loan providers channelled millions of

pounds of investors’ money into investments offered by rivals without telling its customers.

Shortage of conquests at JPMorgan Cazenove lets Numis steal City crown: JPMorgan Cazenove has lost its crown as the

City’s most popular stockbroker for the first time in 13 years.

Handbag group Radley has another crack at US via Macy’s: Six years after it withdrew from the American market, Radley, the

British handbag and accessories group, is to return through a deal with Macy’s.

Bovis to downsize targets after housebuilding review: The Boss of Bovis Homes is set to scale back the housebuilder’s

ambitious programme and geographic reach when he announces his turnaround plan for the company this week.

Oldham Chronicle closes after 163 years: The tea trolley, run by people in fawn coats, survived until a few years ago. The

Oldham Evening Chronicle was that sort of paper — quirky, independently owned and slightly out of time. And now it is no more.

Legal dispute over care homes operator Four Seasons’ bonds: Terra Firma Capital Partners is taking legal action to protect its

ownership position in Britain’s biggest care homes operator.

Oil demand ‘to peak in only five years’: Global oil demand could peak in only five years, according to forecasts suggesting that

oil companies are underestimating the rise of electric vehicles.

Pocket-size solution to help solve housing crisis: A developer of micro homes for young professionals has received a combined

finance package of £150 million from the government, the mayor of London and Lloyds Bank to build more than 1,000 homes by

2021.

Four Reckitt Benckiser Executives quit amid struggle to lift sales: Four of Reckitt Benckiser’s top 10 Executives are quitting the

British household consumer group, which is battling the lowest sales growth in its history.

To Read More Click Here

Sports Direct Chairman faces fresh investor revolt: Shareholders to vote against Hellawell over governance failure at Mike

Ashley’s chain. Keith Hellawell faces his biggest challenge yet as Chairman of Mike Ashley’s Sports Direct, as calls for his resignation

threaten to break out into a full-scale revolt at the retail group’s annual meeting next week.

To Read More Click Here

Texas floods push US petrol prices to 2-year high: Oil production rebounds but refinery and processing problems restrict

supplies. US retail petrol prices have hit their highest level for two years as a result of the massive floods in Texas caused by

Hurricane Harvey, even though work has already begun to restore operations at several of the refineries affected by the storm.

To Read More Click Here

Chemical plant fire adds to medical risks after Harvey: Smoke and fire were seen coming from a Texas chemical plant late,

adding to the myriad new medical risks lurking in tropical storm Harvey’s disastrous wake.

To Read More Click Here

David and Goliath Bentley battle heats up as advisers switch sides: After notching up one victory in a David and Goliath

battle with Bentley Motors over Ownership of the clothing trademark, a Manchester businessman is now accusing his former

advisers of a conflict of interest after they switched sides to represent the luxury carmaker.

To Read More Click Here

Politico rides wave of Brexit interest with new UK news service: US media group Politico is bringing its brand of in-depth

political coverage to Westminster, with the launch of a UK edition of its Playbook newsletter — the latest step in an ongoing

European expansion backed by Axel Springer, the German media company.

To Read More Click Here

Northern Rock investors accuse Treasury of profiting from bailout: Thousands of Northern Rock shareholders who were

wiped out when the bank was nationalised almost a decade ago are renewing their campaign for compensation, arguing the

government is set to make billions of pounds in profit from the bailout.

To Read More Click Here

Beijing’s uneasy deals with overseas car groups under strain: A spate of new foreign joint ventures in China’s car industry has

revived debate about an often criticised three-decade-old policy of trading market access for technology.

To Read More Click Here

Kenya’s top court nullifies result of Presidential vote: Kenya’s supreme court has nullified the result of last month’s Presidential

election, in an unprecedented ruling that deals a severe political blow to incumbent President Uhuru Kenyatta.

To Read More Click Here

European property companies want to attract more insurers: European property companies are pushing regulators to relax the

rules that curtail investment in real estate by insurers, a reform that would trigger massive new capital flows.

To Read More Click Here

UK challenger banks shy away from current accounts market: New British banks are struggling to enter the current accounts

market, with many saying strict regulation and high costs are stifling their ability to “challenge” the UK’s large high street lenders.

To Read More Click Here

Vanguard Chief dismisses ETF bubble fears: Bill McNabb, head of the $4.50 trillion asset management giant Vanguard, has shot

down accusations that record-breaking inflows into exchange traded funds were helping inflate a stock market bubble.

To Read More Click Here

Bain and Cinven cave to Elliott’s Stada demands: Bain Capital and Cinven have caved into demands from a unit of US activist

hedge fund Elliott Management and agreed to pay all investors who have not already tendered their shares in German generic

drugmaker Stada an improved offer that exceeds what most other shareholders received.

To Read More Click Here

Number of European banks in danger rises sharply: The number of European banks in grave danger rose sharply last year and

is now close to its 2013 level, despite extensive efforts by lenders to bolster balance sheets and profits, analysis by consultancy Bain

shows.

To Read More Click Here

Warning over Portugal car plant after strike: A labour dispute over Saturday working could jeopardise expansion plans at a VW

car plant that is one of Portugal’s biggest export earners, officials warn.

To Read More Click Here

China’s BYD opens its first commercial monorail: China’s electric vehicle maker BYD opened its first commercial monorail on

Friday, as part of its efforts to diversify into mass transit and compensate amid a slump in sales of electric cars.

To Read More Click Here

UrWork heads west to help Chinese start-ups: China’s UrWork is helping the country’s start-ups emigrate into western markets

by opening its first US co-working space in Los Angeles.

To Read More Click Here

Oriental DreamWorks at centre of US-China split over strategy: Universal Pictures, the movie studio owned by Comcast’s

NBCUniversal, is on course to offload its stake in Oriental DreamWorks, the animation group, following disagreements over strategy

with one of the company’s other main backers, Li Ruigang’s China Media Capital.

To Read More Click Here

Gupta scandal claims scalp of Bell Pottinger Chief: The Chief Executive of Bell Pottinger has stood down ahead of the

publication of an independent report into its work with South Africa’s Gupta family, which has damaged the reputation of one of

the City of London’s best-known public relation firms.

To Read More Click Here

Boden’s overseas sales boosts results: Boden, the online and catalogue clothes retailer known as a favourite of middle class

“yummy mummies”, increased sales and pre-tax profits last year, buoyed by overseas revenues.

To Read More Click Here

Chinese luxury goods prices start to close gap with Europe: The price premium of luxury goods in China over those in Europe

has shrunk by a quarter in the past year — a trend that is driving up domestic luxury spending on the mainland.

To Read More Click Here

Plan to put Britain's shipbuilding industry back on crest of a wave: New construction techniques could help to relaunch the

British shipbuilding industry, even enabling it to compete with Far East superyards.

Brexit economists fight their own trade war as rift opens in battle to shape tariff policy: A schism is emerging among pro-

Brexit economists over how Britain should attempt to negotiate trade deals after leaving the EU single market.

Britain's biggest banks have paid their Bosses more than £177 million in the decade since the financial crisis: Chief

Executives at Barclays, HSBC, Royal Bank of Scotland and Lloyds have pocketed vast sums while millions of families have struggled in

the aftermath of the Great Recession.

Apple poised for £770 million tilt at Amazon and Netflix with its own TV and films: Apple could open a symbolic outpost in

the heart of Hollywood as it seeks to make its mark on TV and film production.

What a performance: Everyman cinema group's 55% revenue boost sends its share price ticking up: High-end cinema

chain Everyman Media saw a 55% rise in sales to £18.8 million in the six months to 29 June and is on course to expand its network

further.

Lloyd's of London counts costs of disaster as insurance bill looks set to hit $15 billion: Lloyd's of London insurers are

counting the cost of Hurricane Harvey as the claims roll in. Analysts have estimated the total damage could amount to as much as

$80 billion (£62 billion) – but only $10 billion to $15 billion will have to be paid out by insurers.

French bakery chain Paul says it’s tough to make dough amid lower pound and higher staff costs: Increased staff costs and

the weakness of the pound against the Euro have hit the British arm of 128-year-old French bakery chain Paul.

Veteran City fund manager Richard Buxton eyes takeover of Old Mutual’s £25 billion asset management arm: Veteran

City fund manager Richard Buxton is leading talks with private equity firms about a takeover of Old Mutual’s £25billion asset

management arm.

US giant Amazon takes on the high street with its foray into fashion: Internet giant Amazon will this week launch an

advertising blitz for its new women’s clothing range. The fashion line, called ‘Find’, is a 500-piece collection that includes floral wrap

dresses, wide leg cropped jeans and ‘hot pink’ sock boots.

British Trade Minister quits Government to pursue ‘business and writing interests’ amid Brexit talks: Lord Price has

announced he will step down as Trade Policy Minister to pursue his business and writing interests. The former Managing Director of

Waitrose said it had been an “honour” to serve in the role and he would continue to advocate British global trade ambitions after

leaving Government.

Rogue private landlords given £2.5 billion a year of public money, new analysis reveals: Billions of pounds of taxpayers’

money is being given to rogue landlords who are renting out homes that don’t meet basic health and safety standards, new analysis

of Government data has revealed.

G4S suspends nine staff for alleged abuse of migrants at Brook House immigration removal centre: Afghan asylum seeker

Samim Bigzad among detainees at Brook House, near Gatwick. Nine members of G4S staff have been suspended from duty after

undercover footage revealed abuse and assaults at an immigration detention centre.

Lotus to be rescued by Chinese billionaire who bought Volvo cars: Carmaker that helped Tesla onto the electric-powered

road could revitalise dwindling fortunes of Lotus.

Yellow Pages telephone Directory to stop being printed after 51 years: First edition was published as a classified section in

1966. The Yellow Pages telephone Directory will no longer be printed after 2019.

British Airways’ long-haul passenger squeeze from Gatwick starts in May: Passengers flying British Airways to Orlando next

summer who value their space should avoid flying on Fridays or the first flight of the day on Saturdays. Those are the services which

will feature BA’s new “densified” jets, with 52 more seats squeezed into the same planes.

Craft beer boom leads to surge in trade mark registrations: A surge in the popularity of craft beer has seen trade mark

registrations for brands increase to the highest level since 2007, new figures show.

Sainsbury’s CEO warns post-Brexit rules could leave food rotting at UK border: The Chief Executive of Sainsbury’s has

warned fresh food could be left rotting at the British border if strict customs controls for EU goods are put in place after Brexit.

McDonald’s faces strike for first time in UK as workers take action over pay and zero-hour contracts: McDonald’s faces

strike for first time in UK as workers take action over pay and zero-hour contracts. Staff in Cambridge and Crayford in southeast

London voted in favour of a walkout, amid concerns over working conditions and the use of zero-hour contracts.

Husband and wife bank £400 million from sale of Matchesfashion.com: A husband and wife who started in fashion retail

with one shop in Wimbledon 30 years ago have banked £400 million after selling their online designer empire Matchesfashion.com

to private equity investors.

US jobs growth misses forecasts as unemployment rises: The US economy recorded a sharp fall in job creation in August,

raising questions over whether the Federal Reserve will raise interest rates before the end of the year.

Britain’s aerospace sector could be priced out after Brexit: A grey metal box in the North Wales countryside is home to the

jewel of Britain’s aerospace industry.

Confidence in national finances lower in light of rising prices: Worries about rising inflation among UK consumers are at their

greatest in three and a half years, while people’s confidence in Britain’s financial situation has worsened, according to a survey.

Theresa May urged to force councils to build more homes: Theresa May is being urged to face down a potential backlash from

backbench Conservatives and sign off proposals aimed at forcing councils to unleash a building boom to tackle Britain’s housing

crisis.

Robots and AI can bring down pension age, says TUC: The TUC has urged the government to use productivity gains from the

greater use of robots and artificial intelligence to reverse planned changes to the state pension age.

Monday,

04 September

2017

UK: Markit Construction PMI

EU: Sentix Investor Confidence, Producer Price

Index (MoM), Producer Price Index (YoY)

Final Results: Dechra Pharmaceuticals

Interim Results: Amryt Pharma, Biome

Technologies, Curtis Banks Group, Highland Gold

Mining Ltd., Johnson Service Group, Michelmersh

Brick Holdings, Tax Systems

Tuesday,

05 September

2017

UK: BRC Sales Like-For-Like (YoY), New Car

Registrations (YoY), Foreign currency reserves,

Official Reserves (Changes), Markit Services PMI,

Inflation Report Hearings

US: Fed's Brainard Speaks to The Economic Club

of New York, Redbook Index (YoY), Redbook

Index s.a. (MoM), Inventories / Shipment Ratio,

IBD/TIPP Economic Optimism (MoM), Durable

Goods Orders, Cap Goods Orders Nondef Ex Air,

Cap Goods Ship Nondef Ex Air, Durable Goods

Orders ex Transportation, Factory Orders (MoM),

Fed's Kashkari Holds Townhall Event in

Minneapolis

EU: Markit Composite PMI, Markit Services PMI,

Gross Domestic Product s.a., Household

Consumption (QoQ), Gross Fixed Capital (QoQ),

Government Expenditure (QoQ), Gross Domestic

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

(YoY), Retail Sales (MoM), Retail Sales (YoY)

Final Results: A&J Mucklow Group, Craneware,

Mattioli Woods

Interim Results: 888 Holdings, Alpha Fx Group,

Cairn Homes, Dalata Hotel Group, EU Supply,

Gamma Communications, Lighthouse Group,

Spectra Systems Corporation, Stadium Group,

Vipera

Trading Announcements: Halfords Group

Wednesday,

06 September

2017

US: Fed's Kaplan Speaks in Dallas, MBA Purchase

Index s.a., MBA Purchase Index s.a. (Current

Change), MBA Refinance Index (Current

Change), MBA Market Index, MBA Refinance

Index, MBA Mortgage Applications, Trade

Balance, Markit Services PMI, Markit Composite

PMI, ISM Non-Manufacturing PMI, Fed's Beige

Book

EU: ECB Balance sheet

Final Results: Barratt Developments, Diurnal Group,

McCarthy & Stone

Interim Results: Everyman Media Group, Faron

Pharmaceuticals Oy (DI), Harworth Group, Loopup

Group, PPHE Hotel Group Ltd, Somero Enterprises

Inc. (DI), Vectura Group, WANdisco, Xaar

Thursday,

07 September

2017

UK: Halifax House Prices (3m/YoY), Halifax House

Prices (MoM)

US: Initial Jobless Claims, Continuing Jobless

Claims, Non-Farm Productivity, Unit Labour

Costs, EIA Natural Gas Storage Change, EIA

Natural Gas Storage, DOE Cushing OK Crude

Inventory (Barrels), DOE Distillate Inventory, DOE

Gasoline Inventories, EIA Crude Oil Stocks

Change (Barrels), Fed's Mester Speaks on

Economic Outlook and Monetary Policy

EU: ECB Interest Rate Decision

Final Results: Ashmore Group, CPL Resources,

Frontier Developments, Go-Ahead Group, Mcbride,

Redde

Interim Results: Biffa, Brady, Centralnic Group,

Filta Group Holdings, Gama Aviation, Hunters

Property, International Public Partnerships Ltd.,

Molins, ProPhotonix (DI), Sanne Group

Trading Announcements: Dixons Carphone

Friday,

08 September

2017

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

Visible Trade Balance, Industrial Production

(MoM), Industrial Production (YoY),

Manufacturing Production (MoM),

Manufacturing Production (YoY), Construction

Output s.a. (YoY), Construction Output s.a.

(MoM), NIESR GDP Estimate (3M)

US: Fed's Harker Speaks on Consumer Finance in

Philadelphia, Wholesale Inventories (MoM), Baker

Hughes US Rig Count, Consumer Credit Change

-