04 September – 08 September

04 September

Moody’s has lifted its growth forecast for the Polish economy, as high domestic demand and a strengthening fiscal position help the country outpace much of Europe despite earlier warnings that the controversial Law and Justice government would hold back growth.

A car-booking app backed by China’s Didi Chuxing is opening in London with the aim of taking thousands of drivers and passengers away from Uber.

Investors welcomed a rare London biotech IPO on Monday, with shares in newly-listed Destiny Pharma climbing as much as 44 per cent on their first day of trading.

US benchmark petrol prices slid more than 4 per cent on Monday as refineries began to gradually restart operations after tropical storm Harvey struck the heart of the country’s energy sector.

05 September

Hong Kong blue-chip Wharf Holdings climbed almost 6 per cent on Tuesday after it submitted a listing application for a proposed spinoff of its landmark properties in the city.

The end of an era for the Silicon Fen. The £3bn takeover of Cambridge’s Aveva Group, which the group confirmed this morning, marks a big moment for one of the UK’s most successful startup clusters, as it becomes the last of the city’s one-time unicorns to be sold into foreign ownership.

Mattioli Woods, the wealth manager and employee benefits business, has reported a 17.4 per cent increase in annual revenue, boosted by continuing demand for advice in the face of volatile markets.

Pandas do not hibernate but the dim sum market just might. Bankers’ penchant for catchy names for Asian bonds, from pandas and dim sum to kangas and masala, can invite some strained metaphors.

06 September

The Bank of Canada raised its benchmark interest rate by a quarter of a percentage point on Wednesday, adding to a rate increase in July amid robust growth in the North American country’s economy.

The UK’s largest housebuilder, Barratt Developments, pushed up pre-tax profits by 12 per cent in the year to June, boosted by rising house prices and growing margins.

Gazprom has signalled the initial volume it will supply to China when the new trans-Siberian gas pipeline comes online in 2020.
Equity indices fell in Asia Pacific as financial stocks tracked their Wall Street counterparts lower, while gasoline and oil prices dipped further as refineries in the US continued to come back online.

07 September

German industrial production failed to improve in July, remaining flat after swinging to an unexpected loss in June in a poor start to the quarter for a sector that accounts for nearly a third of the country’s economy.

Markets in Asia Pacific rose on Thursday following news that President Donald Trump had reached an agreement with Democratic congressional leaders for a short-term extension to the US debt ceiling.

Facebook has found that “inauthentic” Russian actors bought $100,000 worth of advertisements on the social network over the past two years, amid investigations into allegations of Russian efforts to influence the US presidential election.

UK house prices climbed more than forecast last month, supported by strength in the labour market and low supplies of homes on the market, according to a report released on Thursday.

08 September

Renewed optimism in AstraZeneca’s cancer treatment pipeline helped push the drugmaker to its biggest gain in four months on Thursday.

Australian home lending in July beat analyst expectations while the value of lending to investors slipped.

Nestlé and Unilever have sought to respond to rapidly changing consumer tastes with separate purchases of two niche companies in voguish consumer goods sectors.

Uber has launched a £150m “clean air” fund to help tackle air pollution in London and across the UK over the next five years, in response to the UK government’s diesel and petrol ban.