logo-loader

In the News: City pages try to pre-empt Chancellor's Budget plans

Published: 07:09 06 Jul 2015 BST

newspaper
Chancellor George Osborne's Budget got quite a lot of airplay.

Times                    

Confidence among UK businesses remains buoyant despite the tumult in Greece and uncertainty about the future of Europe, research indicates.

Chinese authorities have intensified their attempt to shore-up struggling equity markets by suspending new share offers completely.

George Osborne is weighing up whether to announce a review of the £3.5bn-a-year bank levy in Wednesday’s budget as one of a range of business-friendly measures.

Baillie Gifford, the Scottish investor, will renew attempts this week to hold talks with Emirates National Oil Company over the disputed £3.7bn bid for Dragon Oil, the Turkmenistan producer.

Independent

Recovering tax revenues and faster growth could prompt the government’s fiscal watchdog to shave as much as £5 billion off the UK’s deficit in this week’s Budget, experts predict.

Daily Telegraph

George Osborne should radically cut back the complexity of the British tax system when he delivers his emergency budget this week, the Institute of Directors has urged.

Marks and Spencer is expected to have suffered another blow in its attempts to get its clothing business back on track, after cool weather in May and June dampened sales.

The Guardian

Break-up of big six energy firms not needed, says regulator: Hopes that a long-awaited report from financial regulators would recommend the break-up of big six energy suppliers such as British Gas and SSE are about to finally be dashed.

The Financial Conduct Authority has imposed £819mln of fines on banks and other companies in the first half of this year – giving the Chancellor the opportunity to make eye-catching allocations to worthy causes in this week’s budget.

Sainsbury’s and Marks & Spencer face protests from shareholders and campaigners this week over high executive rewards and low pay for staff.

Daily Mail

China’s securities regulator said the country’s central bank would provide liquidity support to shore-up the country’s embattled stock market.

Bidders stalk the UK’s top landlord Grainger in £1bn takeover after investment group Crystal Amber takes 3% stake.

Chesnara reports strong 2023 results with improved cash generation and...

Chesnara PLC (LSE:CSN) chief executive Steve Murray discusses the company's full-year results for 2023 with Proactive's Stephen Gunnion, describing them as strong and particularly highlighting £53 million in commercial cash generation and a dividend coverage of around 150%. The company has...

39 minutes ago