Market Pulse
Sunday newspaper round-up: Anglo American, Big Tobacco, GIB privatisation
Mining giant Anglo American will shelve or slash its dividend this week as it battles plummeting metals and minerals prices. Shareholders will be told at the FTSE 100 company’s investor day on Tuesday, the Sunday Times reported, with the company having also decided to pay future dividends as a ratio of income.
Polestar has urgent funding requirement, secret report reveals
Polestar, the largest magazine and supplement printer in Britain, has at best only got sufficient funds to trade solvently until Christmas Day, a report has warned.
Sunday share tips: Ashtead, BG Group, Tate & Lyle
Buy shares in Ashtead, said the Sunday Times' Inside the City column. The building and construction hire group's headquarters are in London and its business was built in the UK but now nine tenths of its sales come from the US. The last couple of years its Sunbelt unit in the States has opened more than a new outlet per week, helping group revenue grow by 24% and underlying profits jump 35% in the year to April. Despite this, the stock has remained range-bound.
TalkTalk security still has gaping holes, says security expert
TalkTalk customers are apparently still at serious risk of cyber-attacks, more than a month after the company's computer system was hacked.
Barclays to 'cut investment bank staff by another 20%'
Barclays is planning to cut its investment bank staff by an extra 20%, according to reports.
Iain Duncan Smith shows support for Cameron
Work and pensions secretary Iain Duncan Smith said he has "complete faith" that the Prime Minister will be able to agree welfare reforms as part of the wider package of new terms David Cameron is attempting to negotiate with the rest of the European Union (EU).
Homebase eyed up by potential buyers
DIY retailer Homebase is being circled by a number of potential bidders, according to reports, with French company Leroy Merlin said to be leading the pack.
Towry sale plans 'brought forward'
Plans to sell independent financial adviser Towry have reportedly been brought forward by Palamon Capital Partners.
Greek government narrowly passes new budget for 2016
Greek powers have agreed to a new round of spending cuts and tax increases for its 2016 budget.
Pressure mounts for Cameron ahead of runway decision
The pressure is mounting from all sides for Prime Minister David Cameron ahead of his announcement on the government's decision on whether it will give the go ahead with a third runway at Heathrow.
HSBC confirms policy change for top level executive pensions
High street bank HSBC has confirmed it will change its pension policies to bring them "in line" with other major lenders, following complaints from its biggest investors.
Tata Steel said to be closing in on deal to sell Scunthorpe steel plant
Tata Steel is reportedly nearing a deal that would see a major turnaround investor snap up its 150-year-old Scunthorpe steel plant.
Bank of England gives insurance firms go-ahead on Solvency II plans
The Bank of England has approved the internal capital calculation models of 19 insurance firms, including Lloyd's of London, Aviva, RSA and Prudential.
Tesco sees almost 80% reduction in new plastic bag use
There has been an 78% drop in the number of new plastic carrier bags used by Tesco shoppers in England since the introduction of the 5p charge in October.