Market Buzz
Monday newspaper round-up: Retailers, commuters, BT
At least 20 retailers will reveal how they performed over the festive period this week, with Tesco expected to be one of the Christmas winners but Marks & Spencer continuing to struggle. Others due to update investors include Sainsbury’s, Morrisons, John Lewis, House of Fraser and fast-growing discounter B&M. With little sales growth to be found, it is not expected to be a vintage year for any company as consumer confidence and spending power remains weak. – Guardian.
Sunday newspaper round-up: Pay drag, GSK, bitcoin, rail rejig, Carillion
Britons are expecting smaller pay rises this year, according to a new survey, despite widespread optimism that wages are set to accelerate after years of weak growth. The survey of more than 5,000 consumers by Bank of America Merrill Lynch (BAML) shows that they expect their pay to climb by an average of just 2. 4% in 2018, down from 2. 7% last year. With inflation running at a higher rate, that would mean a real-terms wage cut. - Sunday Times.
Friday newspaper round-up: Investment banks, Colman's, diesel cars
Investment banks earned a record of nearly $104bn (£76. 7bn) in fees globally last year from work advising companies on more than $3. 5tn worth of takeovers and mergers. Globally, banks billed their clients for $103. 9bn worth of fees for their work, a 16% increase on 2016 and the highest yearly total since Thomson Reuters began collating data in 2000. – Guardian.
Thursday newspaper round-up: Fat cat pay, Poundland, Tesla, Petrobras
Bosses of top British companies will have made more money by lunchtime on Thursday than the average UK worker will earn in the entire year, according to an independent analysis of the vast gap in pay between chief executives and everyone else. The chief executives of FTSE 100 companies are paid a median average of £3. 45m a year, which works out at 120 times the £28,758 collected by full-time UK workers on average. – Guardian.
Wednesday newspaper round-up: Ryanair, house prices, Mifid II, EDF
Ryanair has applied for a British air operating licence to ensure its domestic UK routes can keep flying after Brexit. The Irish airline has repeatedly warned that flights could be grounded after March 2019 unless a new framework for aviation is agreed between Britain and the EU. – Guardian.