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Thursday newspaper round-up: Glencore, Property prices, Syria

Thu, 01st Oct 2015 07:38

(ShareCast News) - The chairman of Glencore snapped up 100,000 shares yesterday as the troubled miner and commodities trader told creditors that fears about its potential demise were overblown. Tony Hayward, the former head of BP and the latest in a succession of directors and executives to make a public display of confidence in Glencore's future, spent £91,000 of his own cash. - The TimesProperty prices are set to increase this autumn after a surge in London was forecast to ripple out across the country on the back of a worsening imbalance between supply and demand. The gentle slowdown in house price growth was declared over as year-on-year property inflation crept up from a 26-month low of 3.2% in July to 3.8% in August, according to the latest Nationwide index. - The TimesWashington has rejected claims by Moscow that Russian air strikes in Syria were aimed at Islamic State of Iraq and the Levant fighters, as Russia added a dramatic edge to competition for influence with the US in the Middle East. The attacks were in western Syria, far from Isis strongholds, suggesting that the aim was to shore up Bashar al-Assad's regime. - Financial TimesBegbies Traynor, the London-listed insolvency firm, has bought the assets of its regional rival P&A Partnership out of administration. P&A is subject to a criminal investigation after allegations that it wrongfully overcharged creditors for administration work. - The TimesVolkswagen has revealed that almost 1.2m vehicles in the UK are involved in the diesel emissions scandal that has rocked the carmaker, meaning more than one in 10 diesel cars on the country's roads are affected. VW said the diesel vehicles include 508,276 Volkswagen cars, 393,450 Audis, 76,773 Seats, 131,569 Škodas and 79,838 Volkswagen commercial vehicles. The total number of vehicles affected is 1,189,906. - The Daily Telegraph

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