Market Report
Confiture tomorrow: Ocado signs long-awaited first overseas deal
Long a Square Mile joke for its 'jam tomorrow' optimism of signing a major deal overseas, online grocery specialist Ocado on Sunday has proved its doubters wrong by winning a contract with a regional European retailer.
US close: Wall Street notches up fresh highs
US stocks advanced for a second consecutive week, notching up fresh record highs in the process, with technology issues again spearheading the charge, despite the release of a weaker than expected jobs report for the month of May.
Sunday newspaper round-up: Tesco, RBS, Ocado, Aramco, Wood Group
After a terrorist attack on London Bridge where seven people were killed, over 40 injured and three attackers shot deal, campaigning in the general election was halted for the second time since the vote was called in April, adding further uncertainty to a race that already had become increasingly hard to call. While local work such as leafleting would continue, the Conservatives said they have decided not to campaign nationally on Sunday, while Labour said the party would resume campaigning on Sunday evening as delay any longer would disrupt the democratic process.
Sunday share tips: Auto Trader Group, Lloyds Banking Group, Aviva
Auto Trader Group shares were a 'buy' for the Sunday Times' Inside the City column. Although to purchase the stock investors need to pay 30 times forecast earnings for the year to 31 March, the company dominates the market for used car sales, enabling it to make profit margins north of 60%. The new car market seems to have hit a major roadblock after years of cheap finance-fueled growth, with a decline in new sales predicted for 2017, which has put a dent in Auto Trader's valuation.