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Increased Iran oil output puts other exporters under pressure: The lifting of sanctions against Iran is likely to prompt an increase in the Islamic Republic’s oil output and heap pressure on the finances of other hydrocarbons exporters

At 0330GMT today, Brent crude oil one month futures contract is trading 0.25% or $0.14 lower at $56.51 per barrel, ahead of the American Petroleum Institute weekly oil inventory data, scheduled to be released later today. Yesterday, the contract declined 0.79% or $0.45, to settle at its lowest level since April at $56.65 per barrel, amid concerns raised by the current global supply. Oil prices were also hit by a stronger greenback.

London’s housing market hits consumer confidence: London’s housing market is weighing on the minds of consumers, driving the steepest decline in consumer confidence for any major region of the U.K. last quarter, a poll shows.

Britain on the move as sellers stir the market: Homeowners are starting to put their properties on the market, with an increase in new listings in the past month in a large number of towns and cities, according to a study.

Iran could be hoarding more than 50 million barrels of oil ahead of end of sanctions - far more than previously thought: Iran could be hoarding more than 50 million barrels of oil ahead of the end of sanctions – far more than previously thought.

More than 270 business leaders urge David Cameron to give go-ahead to third runway at Heathrow - as recommended by Airports Commission: More than 270 business leaders have urged David Cameron to give the go-ahead to a third runway at Heathrow – as recommended by the Airports Commission

Housing prices reverse trend with rise in north-east and fall in London: House prices are rising rapidly in the north east of England and falling fast in Kensington and Chelsea, according to property website Rightmove, in a remarkable reversal of the trend over the past decade.

Standard Chartered unveils management shake-up to restore fortunes: Standard Chartered has announced a radical management shake-up as the group looks to bolster its finances after years of disappointing financial performances

Shell says BG deal will produce ‘billions’ in savings: Royal Dutch Shell expects billions of dollars more in savings from its proposed £55 billion takeover of BG Group than previously disclosed as it uses the enlarged company’s scale to slash costs in its deepwater oil business and natural gas trading arm

Pressure on Anglo American’s payout: Anglo American, the global mining group, is under pressure to cut its dividend for the first time since 2009 when it releases halfway figures on Friday.

UK Rightmove house price index advanced in July In July, on a monthly basis, the Rightmove house price index advanced 0.10% in the UK. The Rightmove house price index had recorded a rise of 3.00% in the previous month.

At 0330GMT today, Brent crude oil one month futures contract is trading 0.16% or $0.09 lower at $57.01 per barrel. On Friday, the contract declined 0.71% or $0.41, to settle at $57.10 per barrel. Meanwhile, Baker Hughes reported that the number of active oil drilling rigs in the US declined by 7 to reach 638 for the week ending July 17

The new chief executive of Standard Chartered will this week announce a number of changes affecting senior management at the bank. Bill Winters will request that the seven divisional leads now report to him, rather than to his deputy Mike Rees, according to sources cited by the Sunday Times. Winters, who joined the company from JP Morgan in May, has previously given himself the target of cutting Standard Chartered's costs by $1.8bn over the next three years, which he is thought be planning to do partly by removing overlapping layers of management. According to a number of reports, the chief is also planning to hand greater control to regional offices in an effort to increase profit and to streamline operations. He is also expected to shut down areas of the bank that are unprofitable.

Café Rouge Owner seals La Tasca takeover just days after Las Iguanas deal: The Owner of Café Rouge and Bella Italia is in exclusive talks to buy Spanish restaurant chain La Tasca, just days after gobbling up rival Las Iguanas.

EU set to pledge billions in support of 'top priority' North Sea supergrid: A "supergrid” across the North Sea that could bring thousands of jobs to Scotland appeared a step closer last week after the EU energy commissioner said that European funds will be used to pump prime the project.

Oil prices ended lower last week, after swinging between gains and losses. Prices initially came under pressure after Iran reached a historic deal on its nuclear program, increasing concerns of a potential increase in oil supply and after OPEC boosted its oil production to average 31.4 million barrels per day. Meanwhile, oil prices trimmed losses after the EIA reported a rise in the total commercial stockpiles of crude oil and petroleum products, including gasoline and diesel fuel. Moreover, reports of an oil field shut down in the North Sea further supported Brent oil prices. Brent crude oil prices fell 2.8% to $57.10/barrel

MORTGAGE LENDING SURGES IN JUNE Mortgage lending reached a high in June not seen since the financial crash in 2008, as house buyers shook off pre-election jitters to flood back onto the market. But don't assume that means all is well in the housing market. The underlying picture is one of "modest recovery", experts warn, and high houses prices will rein in further growth.

Buy into baker Finsbury Food while the shares are still rising: One of the U.K.’s largest bakery companies, Finsbury makes cakes, speciality breads and morning goods, such as croissants and rolls, for the U.K.’s supermarkets, cafes, wholesalers and restaurants. It has licences with Disney, Nestle, Marvel and Thorntons and has had particular success with its Spiderman and Frozen-themed party cakes. A few years ago, however, Finsbury embarked on a major restructuring programme to bolster its balance sheet and turn around what was then a struggling business creaking under a pile of debt. Admittedly, consumer markets remain challenging and the well-documented problems affecting the supermarket sector - still a major customer for the group - show no signs of abating. Finsbury is also increasing capital spending this year as it integrates Fletchers and Johnstones. However, Finsbury is now a larger, more diversified business and that should help it ride out any short-term hurdles. Finsbury is also set to reap the benefits that come with scale and a bigger distribution network. The group expects to outperform its profit targets, leading analysts to upgrade full-year forecasts. That doesn’t reflect the potential of recent acquisitions, the strong organic growth profile and the opportunity for Finsbury to make further acquisitions in an industry ripe for consolidation. Questor says Buy.

Homebuyers return to market after election lull: Mortgage lending to Britain’s homebuyers bounced back in June after the pre-election slowdown to hit its highest level since the credit crunch struck seven years ago.

Interest rate hike around the end of this year, hinted BOE’s Carney The Bank of England (BOE) Governor Mark Carney opined that the BOE’s rate hike decision would come into sharper focus around the end of this year, providing a strong hint about the timing of the BOE's next move. Further, he opined that constraints to economic growth and inflation still persist and that gathering inflation pressures would become more apparent towards the year end as the effect of declining oil prices drop out of the annual inflation rate.