Harry Styles, LSE, InterContinental Hotels and manufacturing: Today's City headlines

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Stunning growth from the UK’s manufacturers gave the economy a huge New Year boost on Tuesday, as London’s leading shares climbed to an all-time record.

The London Stock Exchange moved a step nearer to its Deutsche Börse merger after accepting a €510 million (£430 million) bid from rival Euronext for Continental clearing arm Clearnet.

Jitters grew over the High Street’s Christmas performance earlier as investors dumped shares in a string of major retailers including Halfords, Next and Debenhams.

Amerisur, the energy firm chaired by former England cricket boss Giles Clarke, is conducting a “complete review” of executive pay following anger from shareholders.

Investors started the New Year as they finished 2016, by checking in to InterContinental Hotels, whose shares surged to new highs on Tuesday after an upgrade from analysts at Barclays.

City Spy: Luxury retailers and well-heeled shoppers on New Bond Street should not be entirely surprised if they spot One Direction heart-throb Harry Styles out and about

Comment

Jim Armitage thinks that when rail companies fail to provide vital services to the country, it is “absolutely the Government’s job to step in and sort it out”.

Old Nick’s Almanack 2017: Nick Goodway forecasts some unlikely events for 2017.

Source Article from http://www.standard.co.uk/business/harry-styles-lse-intercontinental-hotels-and-manufacturing-today-s-city-headlines-a3431546.html

January 4, 2017 |
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