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Tuesday newspaper round-up: May in New York, Ladbrokes, building blocked

Tue, 20th Sep 2016 06:57

(ShareCast News) - Theresa May will canvass leading Wall Street banks over how Britain should structure its departure from the EU to reassure them that Brexit will not damage their UK business. Mrs May will meet "mostly" chief executives from the finance sector along with figures from the technology and entertainment sectors at the mid-town residence of the British consul-general in New York on Monday. - Financial TimesUp to 700 gambling industry jobs could be lost in London as a result of the impending £3.3 billion merger of Ladbrokes and Gala Coral Group. In an internal email, Carl Leaver, Gala Coral's chief executive, told employees that, in an attempt to remove duplication, there could be "around 600, maybe up to 700, fewer positions" at the merged company, equivalent to about half the combined total. - The TimesSmall and medium-sized house builders are struggling to find land on which to build, exacerbating the shortage of new homes, according to a new poll. A survey by the Federation of Master Builders found that 67pc SME house builders in England face a "lack of available and viable land" as their biggest problem for the second consecutive year. - TelegraphPre-EU referendum jitters have caused a slump in the number of shops opening their doors, according to a biannual report monitoring vacancy rates on the UK high street. Shop closures outstripped openings by 1,997 from January to the end of June, according to the retail data firm Local Data Company. - GuardianJapan's central bank will open a new front this week in the battle against deflation by overhauling its quantitative easing programme as policymakers worldwide look for new ideas to kickstart growth. The Bank of Japan will unveil the conclusions of a "comprehensive assessment" of its monetary policies on Wednesday, when it is expected both to increase and reprofile QE alongside an interest rate cut deeper into negative territory. - The TimesRock-bottom returns are increasingly pushing investors to abandon the drive for socially responsible investments, according to a study from Hermes Investment Management. A survey of more than 100 institutional investors found that 60pc believe that environmental, social and corporate governance (ESG) risks justify rejecting an otherwise attractive investment - down from 67pc a year ago. - TelegraphFraud in the UK payments industry has soared by 53% in a year as criminals resort to increasingly sophisticated tactics to trick people out of their personal details and steal their money. Official industry data shows that a total of 1,007,094 cases of financial fraud - involving online and phone banking, debit and credit cards, and cheques - occurred between 1 January and 30 June this year. That compares with the 660,308 cases reported during the same six-month period in 2015. - GuardianThe White House will release guidelines for self-driving automobiles on Tuesday, as well as model legislation recommended to states that want to follow in the footsteps of California, Florida and Nevada, which have legalized automated vehicles. The US Department of Transportation (DoT) will publish a new document containing "vehicle performance guidance for manufacturers, developers, and other organizations", including a 15-point safety assessment auto-makers are being asked to sign and submit to the DoT. - GuardianHong Kong's bankers fear that one of their most important institutions, the Listing Committee, is under threat and with it the city's role as a global centre for capital raising. The perceived danger comes from a proposed shake-up to how initial public offerings are approved that has been put forward by the Securities and Futures Commission and the Hong Kong Exchange, and aim to streamline the listing process and make it more transparent. - Financial TimesRussia's state-owned nuclear developer has warned EDF that delays or cost overruns at its Hinkley Point power project risk damaging the credibility of the wider industry. Kirill Komarov, deputy chief executive of Rosatom, the Kremlin-controlled company that is building more reactors than any other group, said that problems at other EDF projects, such as Flamanville in France, were having a detrimental impact on the reputation of the industry. - The Times
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26 Oct 2015 07:29

Caledonia Investments Buys Gala Coral Bingo Chain For GBP241 Million

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25 Oct 2015 21:05

Caledonia Investments to buy Gala Coral bingo chain - Sky News

Oct 25 (Reuters) - Britain's Caledonia Investments Plc is set to buy a chain of bingo halls from gaming group Gala Coral for 240 million pounds ($367.46 million), Sky News reported on Sunday. The deal, which would include more than 130 Gala bingo clubs and a 30 percent market share, is exp

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23 Oct 2015 10:14

UPDATE 2-William Hill under pressure to raise its game after profit warning

* British bookmaker says Q3 revenue down 9 pct * Sees full-year profit below analysts consensus range * Has fallen behind in sector consolidation * Shares down more than 6 pct (Recasts, adds CEO comment, detail, updates shares) By Aastha Agnihotri Oct 23 (Reuters)

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23 Oct 2015 08:34

BROKER RATINGS SUMMARY: Citigroup Upgrades Travis Perkins To Buy

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23 Oct 2015 07:24

BUZZ-William Hill: profit warning sends stock to >1-yr low

** Shares in British bookmaker William Hill Plc fall 5.8 pct to lowest levels since June 2014, as co warns on FY profit after disappointing Q3 results ** Betting company says its net rev fell 9 pct in 13 weeks to Sept. 29; oper profit slumped 39 pct ** Heavy taxation & stern regulatio

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22 Oct 2015 16:08

London close: Stocks close higher as ECB leaves door open to more QE

(ShareCast News) - London stocks closed higher after earlier declines as the European Central Bank's president fuelled hopes of further stimulus. Mario Draghi said the ECB will re-examine its quantitative easing programme in December and would consider extending €60bn monthly purchases past the plan

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22 Oct 2015 16:08

LONDON MARKET CLOSE: ECB's Draghi Gives Markets What They Want To Hear

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22 Oct 2015 13:37

FTSE 250 movers: SIG's outlook drives market down

(ShareCast News) - The FTSE plunged shortly after opening and by mid-afternoon sat at 16,936.86 points, down 99.82 (0.59%). SIG led the market down, dropping over 20% after it revealed it is expecting a fall in underlying pre-tax profit for the year due to challenging market conditions in mainland E

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22 Oct 2015 11:10

LONDON MARKET MIDDAY: UK Stocks Soft Ahead Of ECB Meeting, US Earnings

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22 Oct 2015 09:26

WINNERS & LOSERS SUMMARY: Travis Perkins And SIG Drag On DIY Sector

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22 Oct 2015 07:58

Ladbrokes results encourage as Mullen's strategy takes shape

(ShareCast News) - Ladbrokes shares raced higher as Thursday's third-quarter results met forecasts but were somewhat mixed as new chief executive Jim Mullen's plans take effect, with underlying revenue growing but operating profit falling sharply. The bookmaker reported a strong start to the footbal

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22 Oct 2015 07:36

LONDON MARKET OPEN: Builders' Merchants Hit By Tough Market

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22 Oct 2015 07:21

LONDON BRIEFING: Shares Soft At Open Ahead Of ECB Decision

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22 Oct 2015 06:50

Ladbrokes Net Revenue And Earnings Fall In Third Quarter

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15 Oct 2015 15:09

Earnings, Trading Statements Calendar - Week Ahead

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