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Monday Papers: Macron wins solid majority in French assembly

And May urged to keep trade as free as possible to boost economy for decades to come.

Monday Papers: Macron wins solid majority in French assembly

Top stories

  • Financial Times: French President Emmanuel Macron has won a decisive majority in parliamentary elections, giving him considerable power as he embarks on reforms to reinvigorate the economy and restore French influence in Europe.
  • The Daily Telegraph: Theresa May has been urged to keep trade as free as possible to promote economic growth in the decades to come, as she enters Brexit negotiations on Monday.
  • Financial Times: Saudi Arabia is seeking to present investors with a pristine set of financials for its state energy giant as the kingdom targets a $2 trillion valuation ahead of its planned initial public offering in 2018.
  • The Times: The founding chairman of the Financial Conduct Authority, John Griffith-Jones, is to step down and will not stand for a second term after a four-year stint during which he was criticised over bungled reports.
  • The Daily Telegraph: The Chancellor has dismissed speculation the UK could pursue a soft Brexit and remain part of the EU’s customs union and the single market on the eve of historic negotiations between London and Brussels.
  • Financial Times: Uber is losing ground in the US, its biggest market, to a rival once written off as a bit player, as the ride-hailing company reels from a series of crises including the temporary absence of its chief executive.

Business and economics

  • Financial Times: Argentina is optimistic of reclaiming emerging market status for global investment portfolios on Tuesday when MSCI the index provider announces its latest rankings for a number of countries.
  • Financial Times: Big banks in the US are forecast to step up payouts to shareholders, as they clear the latest round of tests designed to ensure they could withstand a catastrophic shock to the system.
  • The Times: Co-op Bank could announce a deal this week that would lead to the struggling lender’s hedge fund owners and the Co-op Group agreeing a £700 million bailout package, averting a wind down that would leave millions of customers and thousands of pensioners facing uncertainty.
  • The Guardian: The Bank for International Settlements, the international body that represents the world’s central banks, has claimed that globalisation has been made a “scapegoat” for rising inequality, as it launched a defence of closer cross-border ties.
  • The Times: A £3 billion plan to rollout high-speed broadband to millions of British homes is being held up in Liverpool by a dispute between Virgin Media and Liverpool city council.
  • The Guardian: Lloyds Banking Group is expected to extend the deadline for making compensation offers to victims of the HBOS Reading fraud, as it emerged only one of 64 affected customers has received compensation.
  • Financial Times: Boeing is increasingly bullish about the opportunities for a new-generation aircraft to straddle the gap between existing single and twin-aisle passenger jets, as it prepares to launch a stretched version of its existing 737Max narrow body on Monday.
  • The Daily Telegraph: London-focused Berkeley Homes is on track to report soaring profits in its full-year results this week despite a slowing market in the capital.
  • The Daily Telegraph: The momentum of the spring selling season has stalled, as Rightmove reported that asking prices for property fell for the first time this year.
  • The Daily Telegraph: Bus maker Alexander Dennis has enjoyed a record year for UK sales as transport companies rushed to comply with rules requiring vehicles to be accessible to disabled people.
  • The Times: Global internet advertising is due this year to overtake television finally to become the world’s biggest medium, an industry forecast predicted.
  • The Times: Price comparison websites across Europe are preparing to file for damages against Google in the expectation that European Union antitrust regulators will slap a hefty fine on the internet company over its shopping service.

Share tips, comment and bids

  • The Daily Telegraph: Jangada Mines, the Brazilian mining project that claims to be one of the “best undeveloped platinum projects in the western hemisphere”, is to raise £2 million by listing on London’s junior Aim market.
  • The Daily Telegraph (Comment): Fed plan to reverse QE is fraught with danger.
  • The Daily Telegraph (Comment): The City is a European asset that Brexit must not throw away.
  • Financial Times (Lex): Amazon: Whole Foods deal unlikely to face antitrust action but Washington will act, eventually.
  • Financial Times (Lex): Italian banks: takeovers are do-able but unlikely.

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Barnett eyes revival and 'refines' unquoted portfolio

by Daniel Grote on May 23, 2018 at 16:09

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quite ready yet