City Morning headlines: Greece comes to London and Ryanair lifts profit forecast

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Varoufakis, a former economist and Essex University graduate, has said a new debt deal is needed within months.

Manufacturing data

At 09.30, the latest snapshot of the “march of the makers” is due. The January Chartered Institute of Procurement & Supply manufacturing survey is expected to show growth picked up slightly versus December.

Ryanair soars

Ryanair has lifted its profits forecast from € 810-830 million to €840-850 million after a better-than-expected third quarter, as more passengers are filling its larger fleet of planes.

It seems the budget carrier’s charm offensive is paying off.

North Sea oil

Aberdeen is to host an oil summit before of BP and BG report results on Tuesday, both of which are expected to include job cuts.

Industry body Oil and Gas UK wants urgent tax cuts to help companies cope with falling oil prices and rising costs.

Strauss-Kahn case begins

Former International Monetary Fund chief Dominique Straus-Kahn is set to go on trial in France to face pimping charges.

The trial starts in Paris at 13.00 and investigators are thought to have “hundreds of pages of testimony from prostitutes detailing orgies” as part of evidence.

Companies news highlights

Julius Baer bank to cut 200 jobs and restrict hirings to save Sfr100 million after the surge in the Swiss franc.

The US approves Shire binge-eating disorder drug.

CRH agrees €6.5 billion purchase of cement and aggregate businesses from merging Lafarge and Holcim.

Towry buys Ashcourt Rowan for £97 million (at a 60% share premium) to create one of UK largest IFA wealth managers.

Balfour Beatty wins an £800 million Thames Water five-year contract.

Enquest quits Tunisian deal with £23 million returned.

Motif Bio and Aquatic Foods announce AIM floats.

Publisher Quarto reports “steady improvement”.

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February 2, 2015 |
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