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Commodities: Energy futures slip as dollar gains, flash crash in silver
A sharp drop in energy futures as the greenback strengthened and data revealed another rise in the number of US oil rigs in operation weighed on the commodities complex.
US close: Stocks gain after stronger than expected jobs data
Stocks pushed higher following a better-than-expected US jobs report for June.
Sunday share tips: BP, Wincanton
In the Sunday Times’ ‘Inside The City’ column this week, John Collingridge looks at oil giant BP, describing their annual energy outlook to 2035 as containing “more than a touch of self-denial” as the company predicted both hybrid and pure battery electric card would make up a rather small 6% of the global fleet by that time.
Sunday newspaper round-up: Heathrow, Brexit, BT, Worldpay, Tesla
A hotels tycoon and a US construction giant have launched a bid to build and operate the third Heathrow runway in competition with the airport, claiming their plans are up to £6. 7bn cheaper. Surinder Arora, who is worth £258m, has submitted proposals to the government that could break Heathrow’s monopoly on the airport. Arora, working with Bechtel, has made a pitch to build, own and run the third runway and Terminal 6 in rivalry with Heathrow. One of the plans put forward would avoid the need for a controversial bridge over the M25.