Matthew Taylor report urges more rights for workers in gig economy revamp:

Philip Hammond will be given the go-ahead to look at raising taxes from self-

employment by a report recommending radical reform of modern working

commissioned by Theresa May.

Climate gap exposed as US opts out of G20 vow: Nineteen leaders at the G20

have renewed their commitment to the Paris climate agreement, isolating the

United States in its decision to withdraw.

Apple accuses Imagination of making ‘misleading’ comments: Apple has

accused Imagination Technologies of making “inaccurate and misleading”

comments after the British chipmaker was dumped as a supplier for the iPhone

this year.

Bond markets take fright as hawks talk of early rate rises: Bond yields

continued their surge as borrowing costs on ten-year UK government debt

climbed 4% in anticipation of central bank tightening and were predicted to

rise further.

Mulberry hopes to be big in Japan: Mulberry has struck an agreement with

Onward Global Fashion Co to form a joint venture business in Japan as the

British luxury handbag retailer continues to expand its international business.

Turkish clampdown on gambling threatens GVC: Turkey has launched a fresh

crackdown on illegal gambling in a move that could hit London-listed GVC

Holdings.

Hotels Chief mounts Heathrow runway bid: A hotels tycoon and a US

construction giant have launched a bid to build and operate the third

Heathrow runway in competition with the airport, claiming their plans are up

to £6.7 billion cheap

Watchdog dashes hopes of escape from EU rules: The Bank of England has

told the City there will be no bonfire of regulations after Britain leaves the EU.

Sam Woods, Head of the Bank’s regulatory watchdog, warned insurance

Chiefs last week that future rules governing the sector would stick close to EU

standards.

Worldpay Boss blames Brexit for sale to rival: The Chairman of Worldpay has

blamed Sterling’s post-referendum crash for the £9 billion sale of the company

to an American rival.

French suitor readies third tilt at Aveva: The French software developer

Schneider Electric is preparing a fresh tilt at its British rival Aveva, after two

failed merger attempts in the past two years.

Silicon Valley fund mulls Spurs offer: A secretive American investment firm

backed by Mark Zuckerberg is considering a £1 billion bid for Tottenham

Hotspur.

Current

Value (%)

Change* 1W% Change

FTSE 100 7,372.2 0.3%

DAX 30 12,456.0 0.5%

CAC 40 5,158.9 0.3%

DJIA** 21,414.3 -

S&P 500** 2,425.2 -

NASDAQ Comp.** 6,153.1 -

Nikkei 225 20,081.0 0.8%

Hang Seng 40 25,500.1 0.6%

Shanghai Comp 3,212.6 -0.2%

Kospi 2,382.1 0.1%

BSE Sensex 31,754.7 1.3%

S&P/ASX 200 5,724.4 0.4%

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

-0.3%

1.4%

-0.5%

0.8%

-1.6%

-0.5%

0.2%

0.1%

0.3%

0.5%

0.5%

0.5%

Bosses lose faith in economy: Confidence among both large and small businesses has collapsed amid mounting concerns over the

domestic political backdrop and fresh evidence that households, the engine of recent economic growth, are tightening their belts.

British shareholders excluded from Santander’s €7.1 billion cash call: Santander has gone back on a plan to allow its private British

shareholders to take part in a €7.1 billion capital- raising this month.

Vue cinema chain set to put itself up for sale next year: Vue is set to put itself up for sale next year, having started from nothing less

than two decades ago to become the sixth largest cinema chain in the world.

Allied Irish Banks float boosts parade before London market: A surge of activity at the end of June pushed the amount raised by

companies coming to the London Stock Market in the first half of this year to more than twice the level of the same period in 2016.

Europe and Japan keep door open for Britain: The European Union and Japan have put an “extended accumulation clause” into

their trade agreement that could help British companies to take advantage of Europe’s biggest trade deal after Brexit.

Industrial strategy ‘must help all regions’: An industrial strategy for Britain will succeed only if institutions are created that put

responsibility for delivering the long-term economic framework at the heart of government and reach across the regions.

Open water supply competition, Gove told: Michael Gove has been urged to open competition in the water industry after latest

figures showed that less than 1% of businesses have switched provider.

Poorer workers hardest hit by strong arm of robotics: The next wave of automation is threatening to undermine social mobility

further in Britain by favouring people from affluent backgrounds, according to a report by the Boston Consulting Group.

To Read More Click Here

Activist Elliott resurrects feud with Akzo Nobel: Activist investor Elliott Advisors has resurrected its feud with Akzo Nobel, the Dutch

paintmaker that recently fended off a €27 billion takeover approach, by making a new legal move to oust its Chairman.

To Read More Click Here

BlackRock exchange traded funds hit new record inflows of $140 billion: BlackRock pulled more cash into its exchange traded fund

arm in the first six months of 2017 than over the whole of last year, when the world’s largest asset manager attracted record ETF

inflows.

To Read More Click Here

Toshiba seeks unconventional credit line as chip deal stalls: Fears are growing over Toshiba’s ability to secure a quick sale of its

prized memory chip business as the crisis-hit conglomerate negotiates an “unconventional” $6 billion credit line with its main

lenders, say people briefed on discussions.

To Read More Click Here

Buffett buys Texas utility to transform US energy group: Warren Buffett has scooped up Oncor, the crown jewel of bankrupt Texas’

utility Energy Future Holdings, in a deal that will nearly double the number of customers of Berkshire’s US energy group.

To Read More Click Here

Reckitt and Mondelez warn cyber attack hit sales: Two of the world’s largest consumer goods companies warned that their revenues

had been hit by last month’s global cyber attack, the first sign the malware had a larger financial impact on multinationals than

previously disclosed.

To Read More Click Here

Cape agrees £332 million takeover by Altrad: Cape, the UK oil and gas services company, has agreed a £332 million takeover by

Altrad, a private French industrial services rival.

To Read More Click Here

Small-cap focus: Oil and gas buck price pressure: Following a fairly optimistic start to the year, a rather more dour sentiment has

again settled over the oil and gas industry, fuelled by recent persistent weakness in oil prices.

To Read More Click Here

Ministers dash business hopes of transitional Brexit deal: Senior ministers have rejected calls by British business leaders for the UK to

stay in the EU customs union and single market for a lengthy period after Brexit, raising fears of a bumpy transition to a new trading

relationship with Europe.

To Read More Click Here

Samsung forecasts record profit on chip supercycle: Samsung Electronics said it was on track to report record quarterly profit on the

back of booming sales of memory chips and display panels, and was poised to become the world’s most profitable non-financial

company for the quarter ended June.

To Read More Click Here

US pursues North Korea funds through 8 global banks: Eight of the world’s biggest banks have been pulled into the US

government’s efforts to isolate North Korea after officials secured warrants to seize funds that could have ties to the country.

To Read More Click Here

Investors warn tidal power project risks stalling: Investors in a proposed £1.3 billion tidal power scheme in Swansea Bay have put

further funding on hold and warned that the project risks stalling unless the government gives a green light soon.

To Read More Click Here

EU energy groups criticise US sanctions threats to Nord Stream pipeline: European energy companies have demanded the US

abandon an “unacceptable” threat of sanctions against a proposed Russian gas pipeline to Europe that has become one of the EU’s

biggest corporate and political battlegrounds.

To Read More Click Here

Barclays at risk of fresh fraud charges over Qatar cash call: Barclays will hear within a fortnight whether it faces a second set of

criminal fraud charges over its emergency 2008 cash call, when it turned to Qatari investors to stay out of UK government control.

To Read More Click Here

HSBC triggers probe of Noble’s palm oil unit: HSBC has triggered a probe into the palm oil subsidiary of commodity trader Noble

Group, which is facing allegations of preparing to clear pristine rainforest in Papua New Guinea.

To Read More Click Here

Vanguard’s European profits up 40% in 2016: Profits and revenues at Vanguard’s European business jumped more than a third in

2016 in a sign that the fast-growing asset manager’s efforts to crack the continent’s fund market is gaining traction.

To Read More Click Here

Banks pressed to release more non-financial data: Banks will only regain the trust of customers and investors if they publish more

data on the softer issues of conduct and culture and less on their hard financials, says the head of a leading UK institutional investor

association.

To Read More Click Here

UBS and Credit Suisse cut back on domestic mortgages: Switzerland’s two biggest banks have cut their share of the domestic

mortgage market as ultra-low interest rates hit business models and worries grow about high property prices in the affluent local

economy.

To Read More Click Here

China prepares fresh round of state-orchestrated megamergers: China is preparing a fresh round of megamergers between state-

owned behemoths in the energy, heavy machinery and steel sectors, as hopes fade for a more fundamental overhaul of the state

sector.

To Read More Click Here

Netflix CEO Reed Hastings on conquering Europe: For the co-Founder of a company that warns new staff that “adequate

performance” will result in a “severance package”, Reed Hastings does not come across as a typical tough guy. Breezy and relaxed,

the 56-year-old Chief Executive of Netflix delivers chilling statements with unnerving warmth.

To Read More Click Here

Shenzhen buzz masks fear of incubator bubble: Shenzhen, once a sleepy village and now Asia’s closest answer to Silicon Valley, is

the first link in the global tech chain. It is where Apple and Google make smartphones and is home to social media group Tencent

and DJI, the world’s biggest drone maker — and it hosts thousands of start-ups endeavouring to follow in these groups’ footsteps.

To Read More Click Here

Partech Ventures raises €400 million fund for European and US start-ups: Partech Ventures, the France-based investment firm, has

closed a €400 million fund to invest in European and US technology start-ups, amid signs the funding freeze following the UK’s vote

to leave the EU is beginning to thaw.

To Read More Click Here

China Cosco Shipping to buy Orient Overseas for $6.3 billion: China Cosco Shipping has sealed a deal to buy Orient Overseas

International of Hong Kong for $6.3 billion in cash, in the latest wave of M&A in container shipping, as the battered industry

navigates its way to sustainable profitability.

To Read More Click Here

TfL aims to raise £850 million by building homes in London: Transport for London is pushing ahead with plans to build thousands of

homes across the capital, in a project aimed at raising £850 million for the city’s stretched transport system over the next five years.

To Read More Click Here

Apple moves to poach staff from Imagination Technologies as opens new office only 8 miles away from rival: Apple has launched an

attack on iPhone chip maker Imagination Technologies by opening a new office close to its headquarters. The move is the latest

twist in the saga involving the two firms, which have been locked in a bitter war of words after Apple told Imagination it would no

longer use its graphics chip technology in iPhones and iPads.

Scandal-hit banker in talks on taking top job at Visa Europe after exit from Bank of England: Charlotte Hogg is poised to return to a

top city job less than four months after resigning over a failure to disclose a conflict of interest.

Homeware retailer Dunelm expected to report fall in full-year profit: Homeware retailer Dunelm is expected to report a fall in full-

year profit after it flagged an 'uncertain consumer environment' and recorded falling sales.

Tesla fights for pole position as new £27,000 'affordable' car starts to roll of the production line: Tesla’s cheapest electric cars are

set to roll off the production line in California. The American car maker rolled out production for its hotly tipped Model 3 – its most

'affordable' car to date at £27,000.

British Gas owner Centrica sees shares soar 2.9% as foreign takeover rumours swirl: The rocket boosters were put on shares in

British Gas owner Centrica, amid rumours of a foreign takeover bid. The energy firm saw £324.2 million added to its value after

website Wall Street Wire said it had attracted the interest of infrastructure investors from Kuwait, Singapore and Canada and a

strategic buyer.

Airbus will be damaged by Brexit says EU’s Chief negotiator Michel Barnier: The European Chief negotiator for Brexit, Michel

Barnier, has singled out Airbus as one of the firms which could be badly damaged by a harsh exit for Britain from the EU.

Lidl expands in UK as plans to add 60 new supermarkets in £1.5 billion investment: Low-cost grocer Lidl is ramping up its expansion

plan by opening between 50 and 60 supermarkets a year for the next two years as part of a £1.5 billion investment into the UK

France pledges tax cuts in bid to win Brexit jobs race: French Prime Minister Edouard Philippe used a rooftop presentation with a

sweeping view over Paris to announce new tax initiatives to attract bankers and traders as the race to win Brexit jobs heats up.

British Airways to pay strikers’ bonuses to cabin crew who are working normally: In a move that seems certain to inflame the cabin

crew dispute, British Airways is paying staff working normally the bonuses that would have gone to their colleagues who are on

strike.

Theresa May’s plans for EU citizens branded a ‘damp squib’ by the European Parliament: The European Parliament has branded

Theresa May’s proposals on EU citizens’ rights a “damp squib” and said they will not approve a Brexit deal that does not offer more.

Brexit will cause an ‘alarming mess’ for UK nuclear power, scientists warn: Brexit will create “an alarming mess” for nuclear power

stations in the UK, experts have warned, saying it could even cause major power cuts.

Theresa May should not rush into US trade deal, CBI President warns: The President of one of the most influential business groups in

the country has warned Theresa May not to rush into a trade deal with the US

UK trade deal with the US will not make up for the damage caused by Brexit, Justice Secretary David Lidington says: A trade deal

between the UK and the US would not be enough to offset the damage caused by Brexit, a cabinet Minister had admitted.

US jobs report shows sharp recovery in June but wage growth remains slow: The US economy added 222,000 new jobs in June,

reversing a worrying slowdown in jobs growth for Donald Trump but once again highlighting America’s low-wage economy.

Trump’s growth problem: jobs boost masks trouble ahead for US economy: June shone a little brighter for Donald Trump’s plans to

Make America Great Again. After several months of disappointing jobs growth, US hiring picked up steam again. But beneath the

surface there’s a problem for the President: the US economy appears to be running out of gas.

People want a 'sensible Brexit', says Philip Hammond: Philip Hammond has welcomed an intervention by business leaders who called

for an indefinite delay in Britain’s departure from the European single market and customs union and said that people wanted to see

a “sensible Brexit”.

UK to fund research into letting electric cars return power to grid: The UK plans to invest millions of pounds to explore how the

batteries in thousands of electric cars could help the power grid and drive take-up of the cleaner vehicles.

German industry warns UK not to expect help in Brexit talks: German industry has warned Britain not to rely on its help in securing a

good Brexit deal, in a stark intervention that strikes a blow at the government’s EU departure plans.

'Battle mood' EU threatens bourbon whiskey in US steel trade row: The European Union is prepared to impose countermeasures

within days if Donald Trump takes action to protect the US steel industry, the European commission president has said. In one of the

most serious warnings of a tit-for-tat response if the US resorts to protectionist measures, Jean-Claude Juncker said the EU was “in

elevated battle mood”. Targets could include American whiskey exports.

Tesla to build world's biggest lithium ion battery in South Australia: Elon Musk, the billionaire Founder of Tesla, will build the world’s

largest lithium ion battery to store renewable energy in South Australia in partnership with French energy utility Neoen.

Monday,

10 July 2017

US: Labor Market Conditions Index Change,

Consumer Credit Change

EU: Sentix Investor Confidence

Final Results: Accrol Group Holdings, Falanx Group

Ltd

Tuesday,

11 July 2017

UK: BRC Sales Like-For-Like (YoY)

US: NFIB Small Business Optimism, Redbook

Index (YoY), Redbook Index s.a. (MoM), JOLTs

Job Openings, Wholesale Inventories (MoM),

Fed's Brainard Speaks in New York

Final Results: Collagen Solutions, Gateley (Holdings),

Ilika, Polar Capital Technology Trust

Interim Results: Amino Technologies, Low & Bonar,

Polar Capital Global Financials Trust

Trading Announcements: Carillion, Galliford Try,

Gocompare.com Group, Marks & Spencer Group,

Pagegroup

Wednesday,

12 July 2017

UK: Average Weekly Earnings, Unemployment

Level, Claimant Count Change, Claimant Count

Rate s.a., Claimant Count s.a., Employment

Change (3M/3M), Average Earnings Excluding

Bonus (3Mo/Yr), Average Earnings Including

Bonus (3Mo/Yr), ILO Unemployment Rate (3M)

US: 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, Fed Releases Chair Yellen's

testimony to Congress, Yellen to Appear Before

US House Panel, DOE Cushing OK Crude

Inventory (Barrels), DOE Distillate Inventory, DOE

Gasoline Inventories, EIA Crude Oil Stocks

Change (Barrels), Fed's Beige Book, Fed's George

Speaks in Denver on the Economic Outlook

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

Production w.d.a. (YoY), ECB Balance Sheet

Final Results: Micro Focus International, The Fulham

Shore

Trading Announcements: Barratt Developments,

Burberry Group, Eve Sleep PLC, Nex Group, Robert

Walters, Wetherspoon (J.D.), Xaar

Thursday,

13 July 2017

UK: RICS Housing Price Balance, Bank of England

Credit Conditions & Bank Liabilities Surveys

US: Initial Jobless Claims, Continuing Jobless

Claims, Producer Price Index ex Food & Energy

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

Price Index (YoY), Producer Price Index ex Food &

Energy (YoY), Fed Chair Yellen Testifies Before

Senate Banking Panel, EIA Natural Gas Storage

Change, EIA Natural Gas Storage, Fed's Evans

Speaks at Rocky Mountain Summit in Victor,

Idaho, Monthly Budget Statement

Final Results: AdEPT Telecom, Dart Group

Trading Announcements: ASOS, Babcock

International Group, Hays, Premier Oil, SSP Group

Friday,

14 July 2017

US: Consumer Price Index Core s.a., Consumer

Price Index n.s.a. (MoM), Real Average Weekly

Earnings (YoY), Advance Retail Sales (MoM),

Retail Sales ex Autos (MoM), Consumer Price

Index Ex Food & Energy (MoM), Retail Sales Ex

Auto & Gas, Retail Sales "Control

Group" (MoM), Consumer Price Index (MoM),

Consumer Price Index (YoY), Consumer Price

Index Ex Food & Energy (YoY), Consumer Price

Index n.s.a., Industrial Production, Manufacturing

(SIC) Production (MoM), Industrial Production

(MoM), Capacity Utilisation, Fed's Kaplan Speaks

in Mexico City, Manufacturing New Orders, Univ.

of Michigan Current Economic Conditions, Univ.

of Michigan Index of Consumer Expectations,

Univ. of Michigan 12-Month Inflation Forecast,

Univ. of Michigan 5-Year Inflation Forecast,

Business Inventories, Reuters/Michigan Consumer

Sentiment Index, Baker Hughes US Rig Count

EU: EU 28 New Car Registrations (YoY), ECB's

Nowotny presents Austrian Financial Stability

Report, Trade Balance n.s.a., Trade Balance s.a.

-