Market Pulse
Sunday newspaper round-up: Iran worries, bank start-ups, National Grid, Argos
Tumbling Middle East stock markets in the wake of the lifting of Iran's economic sanctions have set the scene for another white-knuckle ride on the FTSE 100 in the coming week. The possibility of a new wave of oil flowing from Iran oil onto an already saturated markets sent all seven stock markets in the Gulf states into meltdown, the Sunday Telegraph reported, putting London investors in brace position for Monday after the benchmarked index already suffered in worst start in history last week.
European regulators to throw spanner in Three's O2 merger
Mobile network Three will this week be forced to make major concessions as part of its £10. 3bn acquisition of rival O2 from Spain's Telefonica.
Sunday shares tips: The Restaurant Group, Shell, Somero Enterprises
Shares in The Restaurant Group are a good bargain again, said the Sunday Times' Inside the City column. The owner of Frankie & Benny’s, Chiquito, Coast to Coast and Giraffe lost 18% of its value in one day last week when it revealed a modest slowdown in sales and took a cautious line on the year ahead, yet still stated confidence in full-year profit growth of at least 10%. The stock, at its lowest level for two years, after climbing more than 125% over the last five and serving up growing dividends each year, providing it with a premium valuation - which has now been wiped away.