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Sunday newspaper round-up: GSK, Sainsbury's, BT, Imagination Technologies
Financial institutions in the City of London are fairly pleased with David Cameron’s agreement with the European Union ahead of June's referendum as it looks to have secured the Square Mile from excessive further Brussels red tape. A potentially painful sticking point has been avoided as financial freedoms are covered in the first section of the agreement, the Sunday Times said, with countries outside the eurozone have been given the right to determine how their banks and other big institutions are regulated.
Sunday share tips: Weir Group, Centrica, Constellation Healthcare
Sell shares in Weir Group, said the Sunday Times 'Inside the City' column. The Glaswegian pumps and valves manufacturer enjoyed the boom of the US fracking industry while its shares topped £25 for most of 2014, they entered 2015 at less than £18 and exited at £10. The shale tale is tailing off and their lenders are beginning to wield the axe, which bodes ill for Weir, which counts the oil sector as a quarter of profits.