In the papers: Qatar Airways lifts stake in IAG


(MENAFN- ProactiveInvestors - UK) The Daily Telegraph

Platinum miner Lonmin warns of bumps in the road ahead: Lonmin, the mining company that pulled off an emergency fundraising last year, has warned a number of events could derail production in the fourth quarter, typically its strongest trading period.

Premier Oil gets fresh lifeline for debt talks: Heavily-indebted North Sea explorer Premier Oil has been handed a fresh stay of execution by its lenders to continue debt renegotiation talks.

Senior moves UK production offshore as it battles oil price slump: Engineer Senior is cutting production in the UK as it makes savings to combat a fall in demand created by the falling oil price.

RBS and Barclays hit by poor stress test showing: Shares in Barclays and Royal Bank of Scotland slid following stress test results showing they would be hit hard by a severe economic downturn.

The Times

Don't cut rates, warns former BoE economist: A former Bank of England rate-setter has warned that cutting interest rates would do more harm than good as pressure grows on the monetary policy committee before this week's meeting.

Strike threat over 'wholesale privatisation' of Post Office: A strike ballot of thousands of postal workers started as unions warned that the Post Office was 'on the brink of extinction'.

Going local pays off for Trinity Mirror: The Trinity Mirror chief, a self-proclaimed newspaper optimist, had figures to back up his world view when the group reported results that sent its shares soaring.

Burberry takes a deep breath and turns focus on China: Burberry has splashed out 54 million to take full control of its Chinese retail operations as its focus on shoring up its key overseas markets continues.

The Independent

Soaring property prices see home ownership fall to lowest level since 1986: Soaring property prices have cut home ownership in England to its lowest level since 1986, according to research from the Resolution Foundation.

Morrisons cuts prices of more than 1,000 products to counter Brexit fears: Morrisons is cutting the prices of 1,045 items by an average of 18% in a bid to combat fears that the UK's vote to leave the European Union will lift shoppers' bills.

Tesla, SolarCity set to announce merger combining clean energy cars and solar panels: Tesla Motors, the clean energy car maker founded by Silicon Valley billionaire Elon Musk, could be about to announce a merger with SolarCity, a solar panel installer that has dominated the Californian residential solar panel market since 2007.

The Guardian

Ireland calls for EU drug agency to be moved from London to Dublin: Ireland is set for a post-Brexit battle with five other EU countries to be the site of the new headquarters of the London-based European Medicines Agency (EMA).

Savings accounts disappear as Bank of England prepares to cut rates: Best-buy savings accounts are disappearing rapidly ahead of the expected cut to base rate by the Bank of England on Thursday.

Prospect of US rate rise recedes as key Fed voter urges caution: The prospect of a further rise in US interest rates has receded after one of the Federal Reserve's most influential policymakers said caution was needed due to lingering risks to the US economy.

Daily Mail

Is sterling the next big short? Hedge funds and investors make record bets on a fall in the pound: Bets against the pound have hit a record high amid frenzied speculation the Bank of England will cut interest rates following the Brexit vote.

BHS pensions probe deepens as Goldman Sachs is told to reveal any payments it received from Lady Shifty: Goldman Sachs has been told to reveal any payments it received from Lady Tina Green in connection with her own businesses or that of failed retail chain BHS.

The Scotsman

Qatar Airways lifts stake in BA parent group IAG: Qatar Airways has swooped to up its stake in British Airways owner IAG to 20% following a post-referendum fall in the company's share price.

City A.M.

Anticipation of US$20 billion Microsoft bond to finance LinkedIn deal drives up US Treasury yields: US Treasury yields rose in anticipation of a US$19.75 billion (14.93 billion) bond offering from Microsoft to finance its takeover of LinkedIn.

City job market remains stagnant after Brexit according to Adzuna: Declines in advertised job vacancies means that City job hunters should be prepared to 'fight' in a market that has been 'shaken' by Brexit.


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