World Bank appoints female Chief Executive: Kristalina Georgieva,

Bulgaria’s European Commissioner who lost out in the race to become United

Nations Secretary-General in September, was named yesterday as Chief

Executive of the World Bank.

Cigarette firm hires zip guru as Boss: The cigarette filter maker Essentra has

poached the Boss of one of the world’s biggest zip manufacturers to

spearhead its turnaround after two profit warnings.

Six-year ban for disgraced Co-op Chief: The former Boss of the Co-

operative Bank has been banned from the accountancy industry for six years

after admitting misconduct while managing the troubled lender in the years

running up to its near collapse three years ago.

Powa valued at $18 billion shortly before collapse: A British technology

company that collapsed into administration this year had been valued at a

potential $18 billion in a Goldman Sachs document drawn up five months

earlier.

Stock Spirits receives shot across the bows: The biggest investor in Stock

Spirits has accused the listed distiller of paying its board directors too much

and of failing to respond publicly to questions about its corporate governance.

Bank ‘ready to admit it was wrong’: The Bank of England will concede this

week that it was wrong to predict an immediate slowdown after the Brexit

vote when it raises its growth forecasts for this year and next, but it will warn

that the squeeze on households is set to intensify.

Germans revel in confidence boost: German companies have the most

confidence in the state of their economy, while British businesses are said to

be divided about the impact of Brexit on the nation’s prospects.

Companies ‘must come clean on their pensions’: Two thirds of companies

in the FTSE 350 are not disclosing enough information about their defined-

benefit pension schemes, including the amount of future cash contributions,

according to new research.

Brexit is cue for UPS to pass the parcels to robots: Fears of a shortage of

workers after a “hard” Brexit have been blamed by UPS for a game-changing

decision to use more automation in its British depots.

Amiri checks into growing market for student flats: An asset manager is

preparing to float a company to invest in upmarket student accommodation in

the regions.

Jump in US GDP boosts case for rate rise this year: The prospect of an

interest rate rise in the world’s largest economy this year drew closer after

figures showed that the US had grown at its fastest pace in two years.

Current

Value (%)

Change* 1W% Change

FTSE 100 6,966.4 -0.4%

DAX 30 10,652.4 -0.4%

CAC 40 4,512.2 -0.8%

DJIA** 18,161.2 -

S&P 500** 2,126.4 -

NASDAQ Comp.** 5,190.1 -

Nikkei 225 17,425.0 -0.1%

Hang Seng 40 22,934.5 -0.1%

Shanghai Comp 3,100.5 -0.1%

Kospi 2,008.2 -0.6%

BSE Sensex*** 27,930.2 -

S&P/ASX 200 5,317.7 0.6%

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

-2.7%

-0.5%

-0.7%

0.4%

-1.8%

1.5%

-1.3%

-0.7%

0.1%

0.3%

-0.1%

-0.3%

Buy-to-let investors shrug off new tax: A quarter of homes bought over the summer were either second homes or buy-to-let

properties, netting the government an additional £440 million over three months after a new stamp duty tax was introduced.

Chinese bidder eyeing deal for £600 million Cala Homes: Britain’s largest private housebuilder has been approached about a

takeover by an unnamed Chinese company as the government pledged £3 billion to boost delivery of a million new homes by the

end of the decade.

City brokers targeted in US ‘spoofing’ investigation: Two London-based interdealer brokers are under investigation by the

American authorities over suspicious dealings in the $5 trillion-a-day foreign exchange markets.

GE holds talks with Baker Hughes over energy partnership: General Electric is looking to integrate its struggling oil and gas

business with Baker Hughes, the oilfield services group, in a deal that could be worth more than $20 billion.

BT boxes clever as it bids to knockout Sky: BT is poised to snap up the TV rights for boxing as it searches for new battlegrounds

in its war with Sky.

UBS facing Hong Kong floats inquiry: UBS risks being banned from advising clients in Hong Kong after regulators in the territory

began investigating the involvement of its investment banking arm in the flotation of companies on the local stock market.

AB InBev’s troubles were brewed in Brazil: Optimism generated by the £79 billion takeover of SABMiller, completed this month,

was quickly overshadowed as Anheuser-Busch InBev reported one of the worst quarters of trading in memory.

Rio Tinto digs itself out of a hole: Rio Tinto has moved a step closer to ending one of the mining industry’s most tortuous sagas

by agreeing to sell its share of the Simandou project in Guinea to its Chinese partner.

Woman wins $70 million over talc cancer claim: A Californian who blamed her cancer on Johnson & Johnson talcum powder

has been awarded more than $70 million in damages.

Smiths offloads its pensions for £250 million: Smiths Group completed a deal yesterday that transfers responsibility for more

than 3,000 members of its company pension scheme to a private provider.

After Nissan, drugs giants demand £1 billion to fill funding gap: Pharmaceuticals giants want the government to plug a £1

billion-a-year funding gap that will be created when Britain leaves the EU, as part of a list of demands being drawn up by big

business after last week’s deal with Nissan.

Network Rail begs for cash as budget hits buffers: Taxpayers could have to pump hundreds of millions of pounds of extra cash

into repairing Britain’s train tracks, after Network Rail begged the Treasury for a bailout.

HSBC plot to free up China cash: HSBC is in talks with the Bank of England over a deal that could release more than £5 billion

trapped in its Chinese business.

Matalan drops supplier over pricing row: Matalan has parted with one of its clothing manufacturers amid suggestions of friction

over pricing between the retailer’s board and its supply base.

Bank insider hits back at critics: The new Boss of the City watchdog, and former Deputy Governor of the Bank of England, has

warned that trouble for the British economy following the Brexit vote is “not over yet”.

Biotech’s scramble to avoid tariffs: One of Britain’s fastest-growing life sciences companies is in talks to build a huge warehouse

in the Netherlands, to avoid export tariffs in the event of a “hard” Brexit.

Investors pour £20 million into offices for start-ups: A trendy workspace for technology start-ups has won £20 million of

investment from high-profile backers to expand into Portugal and America.

Deutsche bankers’ ‘toxic’ bonuses plan: One of the City’s biggest employers is considering using its stockpile of toxic debt to pay

bonuses. Senior sources at Deutsche Bank say the group is mulling plans to offer shares in its non-core unit, which houses the toxic

loans, instead of cash payments.

BP trading division Chief Paul Reed to retire: The Chief Executive of BP’s powerful trading division, Paul Reed, has announced

he is to retire, ending a 37-year career at the oil major that saw him rise to one of the top positions in the company.

To Read More Click Here

FreeAgent bucks trend by going ahead with IPO: FreeAgent, a UK start-up that provides accounting software to small

businesses, is pressing ahead with plans for an initial public offering despite a sharp drop in the number of companies planning to

float in London.

To Read More Click Here

RBS small business allegation not backed by report: A long-awaited report into a unit of Royal Bank of Scotland has found no

firm evidence that it deliberately pushed small businesses into bankruptcy for its own profit.

To Read More Click Here

Property funds cancel sales as investors return: UK property funds are no longer trying to sell some of their central London

buildings, as investors have started putting money back into the sector — reversing a stampede for the exit that followed the UK’s

EU referendum.

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London trails post-Brexit business recovery: Businesses across the UK are weathering post-Brexit uncertainty better than

expected but one region looks less robust — London.

To Read More Click Here

Capita to assess contracts as part of strategic review: Capita, the FTSE 100 outsourcer, is planning to root out contracts where

further investment or cost-cutting is needed as part of a sweeping review of its operations and strategy.

To Read More Click Here

Solar industry rollercoaster offers a bumpy ride: In the US, the rooftop solar market has conformed to that pattern. Shares in

Vivint Solar, Sunrun and Elon Musk’s SolarCity have slumped over the past year, even though installations of new solar panels on

homes are on course to be about 20 per cent higher this year than in 2015.

To Read More Click Here

ANZ to sell Asia wealth and retail businesses to DBS: ANZ is selling its wealth management and retail business in Singapore,

Hong Kong and three other Asian markets to DBS for S$110 million above book value, making it the latest lender to retreat from

the region.

To Read More Click Here

China banks in stand-off with regulators on loan loss provisions: China’s banks are in a deepening stand-off with regulators

over the level of provisions they must make to protect against loan defaults as bad debts continue to climb.

To Read More Click Here

Big three US insurers set for earnings recovery: All three of the biggest US insurers, AIG, MetLife and Prudential Financial, are

poised to post improved earnings for the first time in five quarters, giving some relief to a sector hurt by persistently low interest

rates

To Read More Click Here

Deutsche Bank to sell $400 million stake in Las Vegas gambling group: Deutsche Bank is preparing to cash in on a $400

million stake in a Las Vegas gaming group, giving the bank a boost at a time of lingering concerns over the state of its balance

sheet.

To Read More Click Here

Changyu Pioneer accelerates wine imports into China: China’s biggest listed winemaker is preparing to ramp up imports from

Spain, France and other European countries amid expectations that wine consumption in the world’s second-largest economy will

continue to grow at a blistering pace.

To Read More Click Here

Singapore telco takes hands-on approach after cyber-attack: A Singapore telecoms group hit by the latest in a global wave of

internet service disruption is sending engineers into customers’ homes to secure devices unwittingly used in cyber-attacks.

To Read More Click Here

Standard Chartered in talks on Chinese aviation finance venture: Standard Chartered is in advanced talks over a Chinese joint

venture in aviation financing that will aim to help the country’s airlines pay for the $1tn-worth of new aircraft they are set to buy in

the next two decades.

To Read More Click Here

Tesla Chief in drive to woo doubters over planned SolarCity deal: Elon Musk renewed his efforts late on Friday to win over

doubters of his planned acquisition of SolarCity, as he showed off solar systems made to look like conventional roofs and an

upgrade to the residential battery made by his electric car company, Tesla Motors.

To Read More Click Here

Swiss court blocks Saint-Gobain move for Sika: French industrial group Saint-Gobain’s attempt to take over Switzerland’s Sika

has been blocked by a court ruling in the latest twist of a bitterly-contested saga that has raised concerns about corporate

governance in the affluent Alpine country.

To Read More Click Here

Morrisons adds salt to wound by raising price of Marmite: Marmite, the British breakfast staple that briefly disappeared from

Tesco’s website this month in a dispute over price, is becoming more expensive — a foretaste of the souring living standards that

many economists say will follow the sharp decline in the value of the pound.

To Read More Click Here

Wahaha seeks backing for possible Dean Foods takeover: Hangzhou Wahaha Group, one of China’s largest beverage

producers, has approached banks in Hong Kong for help in financing a potential takeover offer for New-York listed dairy group

Dean Foods, four people familiar with the company’s plan said.

To Read More Click Here

Comma cancels launch of self-drive car on regulator safety fears: A hotly tipped self-driving car start-up in San Francisco has

pulled the launch of its first product after the US transport regulator raised concerns about its safety.

To Read More Click Here

Canada and EU reach finishing line over trade deal: Canada and the EU will sign a long-awaited trade agreement on Sunday

after overcoming delays due to objections in Belgium’s French-speaking Wallonia region, according to Canadian Prime Minister

Justin Trudeau.

To Read More Click Here

Europe raises privacy concerns over WhatsApp and Yahoo: Italy and France have launched investigations into Yahoo and

Facebook’s WhatsApp messenger app after Europe’s data privacy watchdog raised ‘serious concerns’ about how the technology

companies handle user information.

To Read More Click Here

Rio Tinto agrees $1.3 billion sale of Simandou stake to Chinalco: Rio Tinto announced on Friday it had agreed to sell its stake

in the giant Simandou iron ore project in Guinea for up to $1.3 billion to Chinalco, in a deal that could see the Chinese group take

on development of the world’s largest untapped resource of the steelmaking ingredient.

To Read More Click Here

Britain hopes to showcase nuclear skills at Hinkley Point: British companies are looking to the construction of Hinkley Point C

in Somerset, the country’s first nuclear plant for a generation, to help re-establish its expertise in atomic energy.

To Read More Click Here

Fashion giant Next expected to report fall in sales this week as families choose restaurants over retail: Fashion giant Next

is expected to report a fall in sales this week as families choose restaurants over retail. The High Street is suffering from

unseasonably warm weather, increasing internet competition and changing shopping habits.

Bank of England looks set to abandon plans to cut interest rates again this week - offering a small crumb of comfort to

savers: The Bank of England looks set to abandon plans to cut interest rates again this week – offering a small crumb of comfort to

savers.

TK Maxx racks up smart rise in sales to £2.4 billion as it opens 25 new stores: Budget fashion retailer TK Maxx clocked up

another strong performance last year with a rise in turnover and profits.

National Lottery operator Camelot's £7.7 billion winning formula as ticket sales rise to highest since launch in 1994:

National Lottery operator Camelot made pretax profits of almost £100 million in a year that saw the highest total of ticket sales

since the lottery launched in 1994.

Theresa May's Government ‘making up Brexit strategy as it goes along': Theresa May and her Cabinet Ministers are pursuing

a “make it up as they go along” strategy for Britain’s exit from the European Union, according to John McDonnell.

Senior Tory urges Chancellor Philip Hammond to inject money into NHS amid social care crisis: Philip Hammond is under

pressure to use his first Autumn Statement as Chancellor to provide a cash injection for the NHS, amid claims social care in Britain

approaching “tipping point”.

Brexit: Theresa May urged to act fast as new poll finds huge support for protecting EU migrants’ rights: British people

overwhelmingly want Theresa May to immediately guarantee the rights of EU citizens living in the UK, an exclusive poll has

revealed.

RBS loses £469 million due to misconduct charges – and is set to face billions more in legal costs: Royal Bank of Scotland

lost £469 million between July and September due to misconduct charges and legal costs, as well as a large bill to restructure its

business.

DWP set to overhaul Work Capability Assessments for people with disabilities: The Department for Work and Pensions is to

overhaul the way claimants for disability benefits are assessed in an attempt to help more people into work.

Brexit: John McDonnell demands Government offers Nissan assurances to entire manufacturing sector: John McDonnell,

the shadow Chancellor, has demanded the Government extend assurances provided to Nissan to the entire manufacturing sector.

Britain's Fund Managers warn top companies over Chief Executive pay: Britain’s Fund Managers have written to the top 350

public companies telling them to publish how much their Chief Executives make compared with the average employee and to justify

the amounts paid out each year.

UK seeking tariff-free EU deal for carmakers, Nissan told: Nissan was told the UK was seeking an EU deal that would mean no

tariffs for car manufacturers and no bureaucratic impediments to trading, Greg Clark, the business secretary, has revealed.

EU and Canada sign CETA free trade deal: The EU and Canada signed a free trade deal on Sunday that was almost derailed last

week by objections from French-speaking Belgians, exposing the difficulties of securing agreement from 28 member states as Britain

prepares for Brexit talks.

Tax breaks and talent fuel UK’s creative industry boom: Netflix is rolling out the red carpet in Leicester Square, London, on

Tuesday for its first original UK production, a £100 million drama about the life of Queen Elizabeth II.

Shops forced to slash prices on winter ranges: Retailers are already being forced to cut the price of their winter ranges as yet

another mild autumn wilts demand on the high street for warm clothing.

BBC news translation service should be funded by government, say MPs: MPs have urged the government to take back

responsibility for funding BBC Monitoring – the division that translates and analyses news and information from around the world –

to stave off planned cutbacks.

Profits down for Match.com as Britons turn to free dating apps: The dating website Match.com suffered a collapse in profits

last year as fickle Britons turned to free smartphone apps to find a date.

Monday,

31 October 2016

UK: Lloyds Business Barometer, Gross Consumer

Credit, M4 Money Supply (MoM), M4 Ex IOFCs

3M Annualised, M4 Money Supply (YoY), Net

Consumer Credit, Net Lending Sec. on Dwellings,

Mortgage Approvals, Nationwide House Prices

n.s.a. (YoY), Nationwide House Prices s.a. (MoM)

US: Personal Income (MoM), Personal Spending,

Personal Consumption Expenditure Core (MoM),

Personal Consumption Expenditure Core (YoY),

Personal Consumption Expenditure Deflator

(MoM), Personal Consumption Expenditure

Deflator (YoY), Chicago PMI, Dallas Fed

Manufacturing Production Index, Dallas Fed

Manufacturing Business Index

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

Domestic Product s.a. (YoY), Consumer Price

Index - Core (YoY), Consumer Price Index (YoY)

Final Results: Stride Gaming, Wey Education

Interim Results: Berkeley Group Holdings (The)

Trading Announcements: Centamin, CNH

Industrial, Senior, WPP

Tuesday,

01 November

2016

UK: Markit Manufacturing PMI

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

(MoM), Markit Manufacturing PMI, ISM New

Orders, Construction Spending (MoM), ISM

Manufacturing PMI, ISM Prices Paid, IBD/TIPP

Economic Optimism (MoM), Total Vehicle Sales,

Domestic Vehicle Sales

Final Results: Egdon Resources

Interim Results: Falanx Group Ltd, First Derivatives

Trading Announcements: BP, Concentric, Go-

Ahead Group, Hastings Group,

Moneysupermarket.com, Royal Dutch Shell, Shire,

Standard Chartered, Virgin Money, Weir Group

Wednesday,

02 November

2016

UK: BRC Shop Price Index (YoY), Markit

Construction PMI

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,

ADP Employment Change, ISM New York Index,

DOE Distillate Inventory, DOE Gasoline

Inventories, DOE Cushing OK Crude Inventory

(Barrels), EIA Crude Oil Stocks Change (Barrels),

Fed Interest Rate Decision

EU: Markit Manufacturing PMI, ECB Balance

Sheet, European Commission Economic Forecasts

Trading Announcements: Biome Technologies,

Delphi Automotive, Indivior, JD Wetherspoon, Just

Eat, LivaNova, Millennium & Copthorne, Next, Old

Mutual, OM Asset Management, OneSavings Bank,

Persimmon

Thursday,

03 November

2016

UK: New Car Registrations (YoY), Markit Services

PMI, Official Reserves (Changes), Monetary Policy

Summary, BoE Inflation Letter, BoE Interest Rate

Decision, BoE Asset Purchase Facility

US: Challenger Job Cuts (YoY), Continuing

Jobless Claims - Net Change, Initial Jobless

Claims - Net Change, Non-Farm Productivity,

Unit Labour Costs, Continuing Jobless Claims,

Initial Jobless Claims, Markit Services PMI, Markit

Composite PMI, Cap Goods Orders Nondef Ex

Air, Cap Goods Ship Nondef Ex Air, Durable

Goods Orders, Durable Goods Orders ex

Transportation, Factory Orders (MoM), ISM Non-

Manufacturing PMI, EIA Natural Gas Storage

Change, EIA Natural Gas Storage

EU: ECB Publishes Economic Bulletin,

Unemployment Rate, ECB's Coeure speaks at

Harvard University

Final Results: Gattaca

Interim Results: Tate & Lyle

Trading Announcements: Belmond, Croda

International, Dialog Semiconductor, Glencore,

Howden Joinery, Inmarsat, JRP Group, Lancashire

Holdings, Rangold Resources, Regus, RSA Insurance,

Schroders, Shawbrook, Smith & Nephew, Travelport

Worldwide, William Morrison Supermarkets

Friday,

04 November

2016

US: Change in Household Employment, Change

in Manufacturing Payrolls, Change in Non-farm

Payrolls, Change in Private Payrolls, Average

Hourly Earnings, Change in Service Payrolls,

Average Weekly Hours All Employees Net

Change, Average Hourly Earnings All Employees

(MoM), Average Hourly Earnings All Employees

(YoY), Average Weekly Hours All Employees,

Unemployment Rate, Underemployment Rate,

Trade Balance, Baker Hughes US Rig Count

EU: Markit Composite PMI, Markit Services PMI,

PPI Excluding Energy (MoM), PPI Excluding

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

Producer Price Index (YoY), ECB's Constancio

Speaks in Chicago

Trading Announcements: EasyJet, Informa,

International Consolidated Airlines, Kennedy Wilson

Europe Real Estate, Paddy Power Betfair