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Monday Papers: EU ready to retaliate against US sanctions on Russia

And the world’s leading oil-producing nations meet today as Opec output deal shows signs of unravelling.

Monday Papers: EU ready to retaliate against US sanctions on Russia

Top stories

  • Financial Times: Brussels is preparing to retaliate against the US if Washington pushes ahead with far-reaching new sanctions on Russia that hit European companies.
  • The Times: Ministers from some of the world’s leading oil-producing nations are due to meet in St Petersburg today, amid mounting concern that an international deal to bolster crude prices may be at risk of unravelling.
  • Financial Times: Deutsche Bank and Barclays are expected to emerge this week as the biggest European casualties of the fixed-income trading slump that dogged US banks’ second-quarter earnings, but analysts do not believe the situation is serious enough to merit swingeing cutbacks at either institution.
  • The Daily Telegraph: Germany’s Free Democrats have demanded a special “Brexit cabinet” in Berlin to safeguard the vital interests of the country, citing growing alarm among industrial and manufacturing companies over the disastrous implications of a failed deal with the UK.
  • Financial Times: Vanguard is closing in on BlackRock’s title as the world’s largest asset manager after pulling in more than $1 billion a day of investor money since the start of the year.

Business and economics

  • Financial Times: The world’s three most valuable internet companies - Alphabet, Amazon and Facebook - report earnings this week after a rally in tech stocks that has sent investor expectations to all-time highs.
  • The Times: Higher oil and gas prices and cost-cutting are expected to help Royal Dutch Shell treble its underlying profits when it reports second-quarter results this week.
  • The Times: Quorn Foods plans to create “hundreds” of new jobs through a multimillion-pound investment in its factory in Teesside as the maker of substitute meat products said that it had enjoyed a record first half of the year.
  • Financial Times: John Flannery, the new chief executive of General Electric from August, will set out his plans for the company in November, after a series of meetings with customers, staff and investors, and will take “a hard look at our corporate spending”.
  • The Daily Telegraph: Healthcare giant Johnson & Johnson is to take a big step closer to inventing a vaccine for HIV when it publishes the results of a groundbreaking clinical trial this week.
  • Financial Times: In a sign that the French telecoms scene is stagnating in terms of growth and consolidation opportunities, Stéphane Richard, chief executive of its biggest operator Orange, is banking on financial services industry to boost earnings.
  • The Times: The top management at Paysafe are in line for a £70 million shares-based windfall if the payment processor becomes the latest technology company to be sold to foreign bidders.
  • The Times: The fate of euro clearing in London will hang in the balance until the final outcome of the Brexit negotiations is known, the governor of the Central Bank of Ireland has said.
  • The Daily Telegraph: Greece could be close to returning to sustainable economic growth at last after almost a decade of devastating recessions and crises, economists believe.

Share tips, comment and bids

  • The Daily Telegraph: Lone Star, the Texan private equity firm best known for seizing control of distressed Irish property loans during the financial crisis, is gearing up for a sale of its British golf club business.
  • The Daily Telegraph: John Ross Jr and Coln Valley Smokery, which together make up the JRJ Group, have been sold to AS PRFoods, the largest manufacturer of fish products in Estonia, where it is listed, and one of the largest fish producers in Finland.
  • Financial Times (Lex): Lyft: moving into the autonomous arms race is worrying for the wider business model.

1 comment so far. Why not have your say?

alan franklin

Jul 24, 2017 at 06:44

I didn't know fish were "manufactured." Sounds fishy to me.....

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