City morning headlines: Bank of England minutes due, Greek MPs to vote on bailout

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Here’s a look at those stories and the other headlines that the City is waking up to this morning:

These stories are breaking and may develop throughout the day. Keep checking the Standard’s business pages for the latest.

Will the BoE hawks break cover?

At 09.30am the minutes from the July meeting of the Bank of England’s monetary policy committee will be released.

Based on recent comments from some rate-setter, the notes are predicted to reveal deepening fissures in its united front on low interest rates.

Greek MPs in second bailout vote

The Greek parliament will vote on the second package of reforms tabled as part of a deal for a third bailout for the debt-laden nation.

Prime Minister Alexis Tsipras faced a rebellion from his own Syriza party last time around and is expected to face a backlash again, though the measures should pass with the help of opposition lawmakers.

Alibaba – now trading in sperm

E-commerce giant Alibaba recently promoted sperm banks on its group buying site.

The notice attracted 22,000 donors who were given up to up to 5,000 yuan a time in three days.

Companies news highlights:

Sharps Pixley to open London’s first gold “showroom” in heart of St James, with a starting price of £40 going up to £25,000 for a kilo bar.

Eurotunnel calls for more help with the migrant crisis as its first half profit rises 9%.

BHP Billiton reports record output but warns of further writedowns and cuts its production forecasts for this year.

Sage’s revenue growth is speeding up with 7.5% in the third quarter against 6.6% in nine months.

Land Securities “started the year well”.

ARM’s second quarter profits rise 32% to £124 million and the company predicts strong demand and royalty growth ahead.

EasyJet raises its profit forecast after its third quarter seat revenues fall less than expected and its UK and beach routes boom in May and June.

In the last ten weeks Marston’s like-for-like sales climbed 2% and it says can cope with the living wage but that it will cost.

Euromoney revenues fall 5% in challenging markets, with conferences hit particularly hard as delegates drop 11%.

QinetiQ welcomes a commitment to spending of 2% of GDP on defence, with trading in line with expectations.

TalkTalk first quarter revenues up 3.5% but it says on course for 5% growth for the year as more people take more of its services.

Kier and Carillion share a £475 million M6 smart motorway contract, while Balfour Beatty gets a £607.4 million package. Costain and Galliford Try are given one worth £300 million.

Flybe passengers rise 9.8% and revenues increase 11.6% in its latest three months.

Source Article from http://www.standard.co.uk/business/business-news/city-morning-headlines-bank-of-england-minutes-due-greek-mps-to-vote-on-bailout-10406349.html

July 22, 2015 |
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