Cadbury joins Land Securities: Nicholas Cadbury will join property developer

Land Securities as a Non-Executive Director in January. Cadbury, 50, serves as

Finance Director at Whitbread, owner of the Costa Coffee shops and Premier

Inn hotels.

Ousted McLaren Boss ready to sue after boardroom bust-up: Ron Dennis, the

former Boss of McLaren, is considering suing his business partners over his

acrimonious departure from the Formula One motor racing empire.

Meggitt lines up Rolls veteran as suitors circle: The former Boss of Rolls-Royce’s

aero-engine arm is being lined up as the new Chief Executive of Meggitt amid

speculation over a takeover of the aircraft parts maker.

May in retreat over workers on boards plan: Theresa May is quietly trying to

back away from her controversial plan to place workers on company boards as

part of an attempted truce with the City.

Employment goes up, inflation comes down: The number of people in work

rose by 454,000 between July and September, against a year earlier, said the

Office for National Statistics (ONS). Employment remained at a joint high of

74.5%.

Hinkley firm in conflict row over links to French: A company which advised the

UK government over the Hinkley Point nuclear power project has been accused

of a potential conflict of interest after it emerged the same company was also

working for EDF, The Times has learnt.

Rivals call for protection from BT in £1 billion auction: One of the biggest

auctions of mobile-phone spectrum could be launched this week in a deal that

could rake in at least £1 billion for the Treasury and is likely to attract intense

interest.

Leicester’s Premier League victory scores £140 million for city: The unlikely

victory boosted the Leicestershire economy by more than £140 million over the

past football season, according to a report by Ernst & Young. About 120,000

visitors flocked to the city to watch the team play.

Lloyds favourite in race to buy MBNA: Lloyds Banking Group has emerged as a

potential frontrunner to acquire the UK credit card business of Bank of

America, worth an estimated £7 billion.

Most Bosses are unprepared for the impact of Brexit: British companies are

woefully under-prepared for Brexit, with only a tenth of businesses ready for

any changes, a report has claimed.

‘Prickly peer’ prepares to exit Mitie after tough year: Baroness McGregor-

Smith, Chief Executive of Mitie, will announce her last set of figures to the

City, with an expected cut in the interim dividend.

Current

Value (%)

Change* 1W% Change

FTSE 100 6,763.3 -0.2%

DAX 30 10,613.1 -0.5%

CAC 40 4,487.8 -0.4%

DJIA** 18,867.9 -

S&P 500** 2,181.9 -

NASDAQ Comp.** 5,321.5 -

Nikkei 225 18,106.0 0.8%

Hang Seng 40 22,357.8 0.1%

Shanghai Comp 3,218.2 0.8%

Kospi 1,966.1 -0.4%

BSE Sensex 25,765.1 -1.5%

S&P/ASX 200 5,351.3 -0.2%

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

-0.2%

-2.5%

-0.5%

-0.1%

-0.8%

3.4%

1.6%

0.8%

0.1%

0.3%

-0.03%

0.7%

Neptune to create waves with first North Sea deal: Sam Laidlaw, the former Chief Executive of the energy company Centrica, is

aiming to complete his first deal for his new investment vehicle, Neptune Oil & Gas.

Battersea powers ahead but it’s a bleak time for builders elsewhere: Battersea Power Station will open its doors to its first residents

next month after decades of false starts and developers abandoning a project that seemed impossible.

M&S unfairly sacked worker on sick leave: A woman who won an industrial tribunal judgment against Marks & Spencer, which had

sacked her while she was on sick leave, says she was “just another number” to the firm.

EU visa worries cast gloom over bright year for Scottish tourism: Scotland’s £1.7 billion market for overseas tourists will be damaged

if Brexit leaves European visitors needing visas, according to a senior industry official.

Rio Tinto ‘offered to pay bribe for mine’: Rio Tinto faced a fresh allegation of corruption in Guinea after the country’s former Mining

Minister said he was offered a bribe by a manager for the mining company.

Investors ‘pouring cash down the drain’: Investors are paying through the nose to join funds that claim to deliver top-notch returns

but barely beat the market, according to the regulator.

Bankers fly to Riyadh for $2 trillion Saudi Aramco beauty parade: Bankers will flock to Saudi Arabia this weekend to pitch for a role

in the multitrillion-dollar listing of the state-owned oil giant.

Jimmy Choo on the front foot: Luxury slowdown? Not if you’re Jimmy Choo. The specialist shoes and accessories retailer reported

growth in revenues and trading in all of its regions during the second half.

Nationwide pulls the plug on commercial property: Nationwide Building Society is pulling out of commercial property lending as it

focuses on its business with consumers amid tough economic conditions.

Turkey giant’s sale to ‘chicken king’ investigated by regulator: Britain’s competition watchdog is investigating the sale of Bernard

Matthews to Ranjit Boparan, a food tycoon dubbed the “chicken king”.

Cuts do the power of good for supplier: Electrocomponents is to make a fresh round of cost-cutting after the fruits of earlier savings

sent its interim profits ahead by 76% and the shares up by more than a fifth.

Whistleblower payouts reach $111 million: Whistleblowers in America have won a record $35 million in rewards for exposing

corporate wrongdoing. The US Securities and Exchange Commission has awarded more than $111 million to those who have come

forward with sensitive information since it began the payouts in 2011.

Vodafone feels the heat in India as turf war rages between billionaire brothers: Vodafone has found itself the unwitting victim of a

15-year feud between Indian billionaire brothers as the company’s foray into the world’s second-largest mobile phone market

continues to struggle.

Rolls flies into trouble with Emirates: Rolls-Royce faces further questions after the world’s largest long-haul airline complained of

technical problems in its engines weeks before they were due to enter service.

Low rates ‘have not widened the class divide’: Low interest rates have not fuelled inequality, according to the Deputy Governor of

the Bank of England in a rebuff to the Prime Minister.

BHS’s Bosses may face clawback: BHS’s biggest creditor is pushing for legal action against former Directors of the failed retail chain.

Network Rail break-up threat: Whitehall wants to break Network Rail’s grip on the railways amid growing frustration over its

performance. The transport Secretary, Chris Grayling, will start another wave of railway reform in a speech before Christmas,

sources said.

Barclays in bid to keep lid on whistleblower: Barclays is attempting to prevent evidence from a former executive being heard in

public in a legal hearing this week, over concerns related to a Serious Fraud Office (SFO) investigation into the bank’s emergency

fundraising in 2008.

Laidlaw in North Sea takeover: The former Boss of Centrica, Sam Laidlaw, is closing in on a blockbuster takeover of one of the

largest operators in the North Sea.

Revealed: lavish pay at failed Uber rival: The collapsed cab-hailing start-up Karhoo is understood to have handed its Finance Chief a

salary package of £324,000 a year.

Parker demands work on warships: Britain’s smaller shipyards should be kept afloat with more warship work, a report by Sir John

Parker, the one-time Boss of Belfast shipyard Harland and Wolff, is expected to say.

TSB battles vulture funds for £16 billion mortgage loans: TSB has tabled a bid for a £16 billion loan portfolio that was previously part

of failed mortgage lender Bradford & Bingley.

Mothercare meltdown: Mothercare is braced for a chilling half year profit report as it struggles to revive its fortunes amid a

downturn on the high street. The retailer, which has 170 stores under the Mothercare and Early Learning Centre brands, is expected

to report a 43% fall in pretax profits from £7 million to £4 million when it delivers interim results on Thursday.

BMW plugs in to Brum: BMW is weighing up a multimillion-pound expansion of its Birmingham engine factory as the German

manufacturer powers up its electric car plans.

Bosses warn against Brexit ‘cliff edge’: Bosses are calling on the government to provide a clear transition plan to shield businesses

from a “cliff edge” of uncertainty the day Britain leaves the EU.

Minnow set to seal Shell deal: A small, private oil company is nearing a deal to buy nearly $2 billion (£1.6 billion) worth of Shell’s

North Sea oil fields. Chrysaor was one of several suitors to have lodged bids for the assets that the FTSE 100 giant put on the block

after its blockbuster takeover of rival BG.

GoDaddy pounces on website giant: The fast-growing US internet provider GoDaddy is finalising a £1.7 billion bid for Britain’s

largest website hosting company.

Bid frenzy over caravan parks: A trio of US and Canadian private equity giants are locked in a £1.4 billion battle for Parkdean

Resorts, one of Britain’s biggest holiday park operators.

VW to cut 30,000 jobs in wake of diesel emissions scandal: Volkswagen on Friday unveiled plans to cut 30,000 jobs by 2020 at its

underperforming VW brand, as Europe’s biggest carmaker seeks to reduce costs and prioritise investment in electric vehicles

following the diesel emissions scandal.

To Read More Click Here

Lacklustre US earnings drag down global dividends: Global dividends have fallen sharply as subdued earnings in the US hit payouts

alongside growing uncertainty because of the election of Donald Trump, worries about China’s economy and Brexit.

To Read More Click Here

UK space fund set to boost rocketing sector: The first venture capital fund dedicated to commercialising space has won the backing

of the UK government with a £50 million investment pledge from the British Business Bank.

To Read More Click Here

North Sea oil producers chart a course for revival: A low-rent serviced office squeezed between a railway and a main road in

Aberdeen might not sound like the typical headquarters for an oil company backed by the might of Blackstone, the US private

equity group, and GIC, the Singaporean sovereign wealth fund.

To Read More Click Here

France’s Engie to enter UK household power market: Engie, the French multinational energy group, is to enter the UK consumer

power market, creating a powerful new challenger to the “big six” suppliers as the government pushes for more competition in the

industry.

To Read More Click Here

Insurer AIG in mortgage lending push: The insurer AIG is to make a push into residential property loans with plans to make “direct

investments” in mortgages.

To Read More Click Here

Fosun becomes largest shareholder in Portugal’s leading bank: Fosun, led by the tycoon known as “China’s Warren Buffett”, has

acquired almost 17% of Millennium BCP, making the conglomerate the biggest shareholder in the largest listed bank in Portugal,

where it already owns the largest insurer.

To Read More Click Here

OCP seals deal to build $3.7 billion fertiliser plant in Ethiopia: Morocco’s Office Cherifien des Phosphates, the world’s largest

phosphate exporter, has signed a deal with Ethiopia to build a $3.7 billion fertiliser plant in the east African country.

To Read More Click Here

Airbnb looks to secure 700 tax deals with cities: Airbnb is aiming to secure 700 tax agreements in cities that generate more than

90% of its revenue by the end of next year, as the Silicon Valley accommodation company tackles regulatory battles in key markets 

such as New York and San Francisco.

To Read More Click Here

Mobile to take lead role in US retail’s holiday season: Mobile will overtake desktop in online traffic to retail websites and apps for

the first time in the US this holiday season, taking a 53% share of visits, with Black Friday this week providing a key indication of

consumer demand.

To Read More Click Here

China-US trade tensions flare in spite of leaders’ meeting: Aixtron, the German chip equipment manufacturer, said it would ask

President Obama to approve its takeover by a Chinese company in spite of national security concerns raised by a federal review

committee.

To Read More Click Here

New measures to stop fraudsters scamming UK pensioners: Cold calling of pension savers will be banned by the government in an

attempt to stem the tide of fraud against savers unleashed by George Osborne’s shake-up of the pensions system.

To Read More Click Here

RBS accused of ignoring warnings over risky investments: Former managers at Royal Bank of Scotland disregarded warnings from

staff over risky investments and its investment bank’s dependency on the “heroin of unsecured funding” before the financial crisis,

it has been alleged in court documents.

To Read More Click Here

Black Friday ‘bargains’ in UK not so black and white: Executives in charge of balancing the books at some of the UK’s biggest

retailers have admitted they will be staying away from the cash registers on Black Friday, next week’s shopping bonanza linked to US

Thanksgiving.

To Read More Click Here

Facebook unveils $6 billion share buyback: Facebook unveiled a share buyback scheme on Friday, saying it would repurchase up to

$6 billion of its stock as its investors brace themselves for slower growth next year.

To Read More Click Here

Hong Kong’s proposed listing changes fuel fierce debate: Fierce debate over a proposed shake-up of Hong Kong’s listing regime has

resulted in claims that detractors are turkeys scared of Christmas and even split publicly the city’s famous Listing Committee — the

nexus of the territory’s role as the world’s largest venue for public floats.

To Read More Click Here

BT has second-worst funded pension scheme in the world: BT has the second-worst funded pension scheme in the world, according

to a report that, for the first time, analysed the health of more than 5,000 company pension funds across the globe.

To Read More Click Here

Principal: ‘Danger of Trump is a US return to boom and bust’: Jim McCaughan, Chief Executive of Principal Global Investors, the

fund house that oversees more than $400 billion of assets, was probably one of the last Americans on earth to learn about Donald

Trump’s victory in the US Presidential election.

To Read More Click Here

Offshore hedge funds fear being frozen out of the EU: Hedge funds and private equity firms from outside the EU fear they are being

frozen out of Europe now that plans to allow alternative managers to target investors across the single market have stalled.

To Read More Click Here

China pledges to lead the way on global trade: Chinese President Xi Jinping vowed on Saturday to open the door even wider to

foreign business and play an even greater role in the process of globalisation as Beijing moved to take advantage of Donald Trump’s

election and fears that he may herald a new era of US disengagement from Asia.

To Read More Click Here

Passive fund managers poised to profit from the FCA’s proposals: The shake-up of the fund management industry proposed by the

UK financial regulator has been classed as a deliberate attempt by the Financial Conduct Authority to push investors — both large

and small — towards cheaper passive funds.

To Read More Click Here

Investigators probing claims that traders manipulated complex derivatives prices on energy market: Investigators are probing claims

that traders manipulated complex derivatives prices on the energy market. Industry watchdog Ofgem is said to have launched a

secret operation, called Project Damson, to examine allegations that dealers sought to push up the price of so-called spark spread

contracts to make more money.

Legal claim brought against Shell for alleged environmental damage in Nigeria could open floodgates: A legal claim brought against

Royal Dutch Shell for alleged environmental damage in Nigeria could open the floodgates to more multinational firms being pursued

in UK courts.

Crisis for Chappell in US where another of his companies is on brink of going bust: Former BHS owner Dominic Chappell is

struggling to keep another business interest afloat and has admitted that it is running out of cash.

Jackpot! Online gambling bonanza set to reel in double expected tax take at £600 million: Online gambling companies are facing a

£100 million tax hike under plans by the Government to tax ‘free spins’ and bonuses, even as the industry pays double what was

expected in new levies on offshore operators.

Chancellor Philip Hammond to say UK economy will grow by just 1.25% in 2017: Britain's economy could grow by just 1.25% in

2017, the Chancellor is set to say in Wednesday’s Autumn Statement, sharply down on previous predictions.

Petrol to be cut to below £1 by Morrisons amid growing price war: Morrisons has cut the price of unleaded petrol to 99.9p a litre in

a move expected to trigger a price war between supermarket rivals.

Theresa May expected to try and match Donald Trump’s corporation tax cuts: Theresa May will suggest she will match Donald

Trump’s expected cuts to corporation tax as she attempts to hold out an olive branch to business leaders.

Premier League agrees record £560 million deal for Chinese TV rights: The Premier League has agreed a major new TV rights deal in

China, worth up to £560 million - ten times more than its current contract with the country.

Don’t make shoppers pay for weak pound, Tesco Boss warns food companies: Dave Lewis, the Chief Executive of Tesco, has warned

its international suppliers against using the plummeting pound as an excuse for illegitimate prices increases.

Philip Hammond to announce more than £1 billion for roads in his first Autumn Statement as Chancellor: Chancellor Philip

Hammond will pledge more than £1 billion on road-building in his first Autumn Statement this week, as the Government aims to

bear down on stagnating economic productivity.

Business rate hike may force UK’s shops to raise prices: Britain’s retailers, already struggling with the economic uncertainty and

volatile currency movements caused by the Brexit vote, face a £2.3 billion tax hike next April, heightening fears that they will have to

raise prices for consumers.

Office for Budget Responsibility to tear up forecasts for UK growth: The government’s independent economic watchdog will tear up

its previous forecasts for the UK’s growth prospects as it gives its first official verdict on the outlook for post-Brexit Britain this week.

North of England loses 310,000 graduates in 10-year brain drain: The Tory architect of George Osborne’s “northern powerhouse”

strategy and leaders of Britain’s largest northern cities are demanding that the government acts to reverse a major brain dra in to the

south of England, as new figures show that 310,000 graduates have left the north in the past decade.

Urban Outfitters settles with Navajo Nation after illegally using tribe's name: Urban Outfitters reached a settlement with the Navajo

Nation after illegally using the tribe’s name for a collection that included “Navajo hipster panties” and a “Navajo print flask”.

Black Friday deliveries may be hit by packaging workers' strike action: Parcel and pizza deliveries could be hit over the busiest online

shopping weekend of the year after thousands of cardboard packaging workers voted for strike action over pay.

Self-employed face retirement poverty without pension reform: Workers in the burgeoning gig economy face poverty in retirement

unless the government acts to change its flagship pension policy and makes it easier for them to save, experts have warned.

CBI to make plea to Theresa May for a ‘smooth Brexit’: Britain’s biggest business organisation will make an urgent plea to Theresa

May this week to come forward with clearer plans for Brexit to avoid further crippling uncertainty and serious damage to the

economy.

Monday,

21 November

2016

US: Chicago Fed National Activity Index, Chicago

Fed National Activity Index - 3M Moving Average

EU: ECB's Draghi Speaks at European Parliament

in Strasbourg

Final Results: Diploma

Interim Results: Bonmarche Holdings, Mitie Group,

Omega Diagnostics Group

Tuesday,

22 November

2016

UK: PSNB ex Interventions, Public Sector Net

Cash Requirement, Public Sector Net Borrowing,

CBI Trends Selling Prices, CBI Industrial Trends

Survey - Orders

US: Redbook Index (YoY), Redbook Index s.a.

(MoM), Richmond Fed Retail Revenues Index,

Richmond Fed Services Revenue Index, Richmond

Fed Shipments Index, Richmond Fed

Manufacturing Index, Existing Home Sales (MoM)

EU: ESM to Sell 6M Bills, Consumer Confidence

Final Results: Cambria Automobiles, Compass

Group, CYBG, Focusrite, Mitchells & Butlers, Renew

Holdings

Interim Results: AO World, Assura, Babcock

International, Big Yellow Group, CML Microsystems,

De La Rue, Halma, Homeserve, Scapa Group,

Sepura, Severfield, Solid State, Telecom Plus, UK

Mail, ULS Technology, Victoria

Trading Announcements: Chemring, Homeserve,

Intertek Group, Kingfisher, Rotork, SeaDrill Partners,

Spectris, Spirax-Sarco Engineering, SVG Capital

Wednesday,

23 November

2016

US: MBA Mortgage Applications, MBA Purchase

Index s.a. (Current Change), MBA Refinance

Index (Current Change), MBA Market Index,

MBA Purchase Index s.a., MBA Refinance Index,

Continuing Jobless Claims, Initial Jobless Claims,

Continuing Jobless Claims - Net Change, Initial

Jobless Claims - Net Change, Cap Goods Orders

Nondef Ex Air, Cap Goods Ship Nondef Ex Air,

Durable Goods Orders, Durable Goods Orders ex

Transportation, House Price Index (SA), Housing

Price Index (MoM), House Price Purchase Index

(QoQ), Markit Manufacturing PMI, Univ. of

Michigan 12-Month Inflation Forecast, Univ. of

Michigan 5-Year Inflation Forecast, Univ. of

Michigan Current Economic Conditions, New

Home Sales Change, Reuters/Michigan

Consumer Sentiment Index, Univ. of Michigan

Index of Consumer Expectations, New Home

Sales (MoM), EIA Natural Gas Storage, DOE

Distillate Inventory, DOE Gasoline Inventories,

DOE Cushing OK Crude Inventory (Barrels), EIA

Crude Oil Stocks Change (Barrels), EIA Natural

Gas Storage Change, Baker Hughes US Rig

Count, Fed Releases Minutes of FOMC Meeting

EU: Markit Composite PMI, Markit

Manufacturing PMI, Markit Services PMI, ECB

Balance Sheet

Final Results: Future, Paragon Group Of Companies,

Thomas Cook Group

Interim Results: CMC Markets, United Utilities

Group, Vectura Group

Thursday,

24 November

2016

UK: BBA Mortgage Approvals Final Results: Euromoney Institutional Investor,

Marston's, UDG Healthcare Public Limited Company

Interim Results: Caledonia Investments, Charles

Stanley Group, Helical, Latham (James), Mothercare,

PayPoint, Pets at Home Group, Severn Trent, TR

Property Inv Trust, Worldwide Healthcare Trust

Trading Announcements: Euromoney Institutional

Investor

Friday,

25 November

2016

UK: Index of Services, Gross Domestic Product

(QoQ), Gross Domestic Product (YoY), Index of

Services (3M/3M), Index of Services (MoM), Total

Business Investment (QoQ), Total Business

Investment (YoY), Private Consumption, Gross

Fixed Capital Formation, Government Spending,

Exports (QoQ), Imports (QoQ), CBI Distributive

Trades Survey - Realised

US: Wholesale Inventories, Markit Services PMI,

Markit Composite PMI

Final Results: Zambeef Products

Interim Results: Immunodiagnostic Systems

Holdings, Pennon Group