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Wednesday preview: BoE money and credit report, euro inflation, IG update
Wednesday is a muted day in the business diary, with little major company news and a sprinkling of second-line economic data that will a give further reading on the consumer environment at home and over the channel, plus the Beige Book stateside.
UK wages unlikely to recover in medium term, forecasts S&P
After years of sluggish growth UK real wage growth turned negative last month and, with wages being hampered by large numbers of zero-hour contracts, look unlikely to recover for years to come, said rating agency S&P on Tuesday.
BT eyeing pension fund closure alongside various funding options
BT Group is mulling closing its defined-benefit pension scheme to current workers in favour of a cheaper plan.
Petrofac facing possible shareholder claim over bribery allegations
Petrofac is facing a potential legal claim from a litigation-funding specialist based on allegations it misled investors over a bribery and money laundering scandal that has seen its shares lose half their value.
Acacia Mining now a 'binary investment', figures Investec
With shares in Acacia Mining down by more than a third since Tanzania's accusation that the company is grossly underreporting the value of its gold exports, Investec said the company was more of a "binary investment" as it "may not be dealing with a rational administration".
BHP Billiton, Rio Tinto to quiz WA government after tax furore
BHP Billiton and Rio Tinto have begun to seek clarification on Western Australia's proposed up-front iron ore tax with which regional premier Mark McGowan hopes to raise "billions of dollars" for the cash-strapped state.
IAG shares sink after long weekend computer failure
Shares in International Consolidated Airlines Group (IAG) dropped sharply after London market's opened after a long weekend where the meltdown of British Airways' computer systems left 75,000 holidaymakers stranded in airports and the airline facing a chunky compensation bill.
Allied Minds makes CEO appointment permanent
Allied Minds, the life-science and technology intellectual property investor, has made Jill Smith's appointment as chief executive permanent, having hired her on an interim basis in March.
LSE to buy Citi's fixed income analytics platform and index family
London Stock Exchange Group has struck a deal to buy a fixed income analytics platform and family of fixed income indices from US bank Citigroup's for $685m (£535m) cash.
Tuesday newspaper round-up: Clearing clash, ports puzzle, CBI criticism
One of the eurozone’s top central bankers has stepped up the campaign to claim the City’s lucrative euro-clearing business by declaring that it is impossible for it to remain in London. François Villeroy de Galhau, a member of the European Central Bank’s governing board and head of France’s financial regulator, made the statement as the European Commission worked on proposals intended to force euro-denominated derivatives to be cleared in the eurozone. - The Times.