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At 0330GMT today, Brent crude oil one month futures contract is trading marginally or $0.02 lower at $63.43 per barrel, ahead of the American Petroleum Institute weekly oil inventory data, scheduled to be released later today. Yesterday, the contract settled nearly flat at $63.45 per barrel

UK advertising market grows at fastest pace for four years Online makes most progress as print continues to suffer in a mixed picture for traditional media

Rio iron ore output climbs despite glut Production climbs 12% in first quarter despite iron ore price more than halving over past year

Supply remains key concern Supply remains the biggest concern for the housing market, according to views at the CML's latest Annual Lunch. Dame Kate Barker, the author of two influential reports on housing supply and planning, argued that local opposition to development was a key factor behind this lack of supply, which needed to be rectified to ensure targets were met. Meanwhile, to mortgage lenders, she observed that over the next five years the housing market ought to be supported by increased demand to renewed income growth, and continuation of housing undersupply relative to unconstrained household formation. However, she also noted that there were additional factors at work, including potential higher base rate levels of 2-3%: "The issue will be whether the income growth prices more people back into the market than are priced out by the higher bank rate. If we get productivity growth back, this would be unexpected good news."

LondonMetric Property Plc (LMP.L) Announced that it has exchanged on the sale of its 170,000 sq ft Travis Perkins distribution facility in Brackmills, Northamptonshire to CBRE Global Investors for £14.4 million, reflecting a NIY of 5.5%. LondonMetric re-geared the lease on a new ten year term at a yield on cost of 8.0%. Following this disposal, LondonMetric's distribution portfolio (including developments) totals £584.3 million comprising 21 distribution centres with a WAULT of 14.5 years and with 52.1% of income subject to fixed uplift or RPI increases. The distribution portfolio is the Company's largest sector representing over 44% of the total portfolio.

Deutsche Bank prepares to spin off Postbank Strategic review set to unwind €6bn deal done during financial crisis

FTSE 250 dividends rise 20% Housing group Bellway among mid-caps to have avoided headwinds faced by larger UK peers

Petrol prices increase despite drop in oil costs: British drivers have been hit by rising prices at the pump, even though global oil costs have dropped, according to the AA.

China’s central bank cuts reserve ratio: China’s central bank has cut the amount of cash that banks must hold as reserves on Sunday, the second industry-wide cut in two months, adding more liquidity to the world’s second-biggest economy to help spur bank lending and combat slowing growth

April house price average at all-time high of more than £286,000: A lack of sellers and a huge surge in the number of people looking to buy a home has pushed the average asking price of homes coming on to the market in April up to an all-time high of just over £286,000, according to the country’s biggest property website.

Mike Ashley backs £200 million London property deal: Mike Ashley has moved into London’s luxury property market by backing a deal to redevelop a storage depot in west London.

$5.9 billion deal fuels hot property M&A market: Prologis, one of the world’s largest industrial property landlords, has agreed to buy KTR Capital, a real estate focused private equity company, for $5.9 billion, including about $700 million in mortgage debt.

AA wheels out shake-up for the 21st century: The AA will on Monday offer investors fresh details about plans to reinvigorate the business weeks after completing a near £1 billion refinancing

Fewer can afford to buy homes despite lowest mortgage rates: Buying a home became more difficult last year, despite some of the lowest mortgage rates on record and government attempts to help more would-be buyers on to the property ladder.

UK average earnings excluding bonus advanced more than expected in the December-February 2015 period The average earnings excluding bonus in the UK rose 1.80% in the December-February 2015 period on an annual basis, compared to an advance of 1.60% in the September-November 2014 period. Market anticipation was for the average earnings excluding bonus to climb 1.70%.

UK Rightmove house price index rose in April On a monthly basis, the Rightmove house price index rose 1.60% in the UK, in April. In the previous month, the Rightmove house price index had registered a rise of 1.00

Number of unemployment benefits claimants in the UK declined in March Number of unemployment benefits claimants in the UK dropped by 20.70 K in March, compared to a revised decline of 29.10 K in the prior month. Markets were expecting number of unemployment benefits claimants to decline 29.50 K.

At 0330GMT today, Brent crude oil one month futures contract is trading 1.15% or $0.73 higher at $64.18 per barrel. On Friday, the contract declined 0.83% or $0.53, to settle at $63.45 per barrel, pulling back from its recent rally. Meanwhile, data revealed on Friday showed that the number of US rigs actively drilling for oil dropped for the 19th straight week, falling to 734.

WASHINGTON (Alliance News) - US crude oil snapped a six-day gain to end lower on Friday, on concerns over a potential Greek debt repayment default and an equity market regulatory change in China, with global equity markets trending lower. Nevertheless, crude oil futures gained about 7.9% for the week. Investors also weighed the rising global inventories, with BP Chief Executive Bob Dudley warning that oil prices could stay low for several years. Earlier today, Baker Hughes reported a decline in US rigs actively drilling oil, with the count as of April 17 dropping by 26 units to 734 rigs, down 51% year-over-year. The Organization of the Petroleum Exporting Countries on Thursday said, demand for OPEC crude is expected to improve to about 29.3 million barrels a day in 2015. The group projected demand for non-OPEC supplies to drop by about 165,000 barrels a day, while anticipating an end to the US supply boom end this year. Earlier this week, the US Energy Information Administration's weekly oil report showed US crude stockpiles to have risen 1.3 million barrels in the week ended April 10, while analysts anticipated an increase of 3.5 million barrels. Total US crude oil inventories were at 483.7 million barrels end last week. Light Sweet Crude Oil futures for May delivery, the most actively traded contract, dropped USD0.97 or 1.7%, to settle at USD55.74 a barrel on the New York Mercantile Exchange Friday. Crude prices for May delivery scaled a high of USD56.88 a barrel intraday and a low of USD55.31. On Thursday, crude oil gained USD0.32 or 0.6% to settle at USD56.71 a barrel, over the slowdown in US production, amid rising tensions in the Middle East and the prospect of increased demand for crude. On the economic front, a Labor Department report on Friday showed another modest increase in US consumer prices in March, but were slightly less than economists' expectations. The consumer price index edged up 0.2% in March, matching the increase seen in February. Economists expected the index to rise by 0.3%. Consumer sentiment in the US improved more than expected in April, a report from the University of Michigan showed Friday. The preliminary reading on the consumer sentiment index for April came in at 95.9 compared to the final March reading of 93.0. Economists expected the index to edge up to 94.0. The Conference Board's report on Friday showed continued increase at its index of leading US economic indicators for March, but less than what economists expected. The leading economic index increased 0.2% in March following a downwardly revised 0.1% uptick in February. Economists expected the index to rise by 0.3% compared to the 0.2% increase originally reported for the previous month. Eurozone's consumer prices declined in March from a year ago, as estimated earlier, but prices rose from the previous month at the fastest rate in two years, latest figures from the statistical office Eurostat showed Friday. The harmo

- Shares in Intercontinental Hotel Group turned positive in late trade on Friday, with traders citing market chatter that the hotel firm could be subject to a bid from a U.S. firm. The hotelier spiked as much as 1.1 percent higher, before closing up 0.2 percent at 2,722p, well off its session low at 2,684.5p. The company traded twice its 90-day average volume. InterContinental Hotel Group declined to comment on the speculation. (Reporting by Alistair Smout; Editing by Lionel Laurent)