14 – 18 May

14 May

Eurozone investment spending has still not recovered to pre-crisis levels, a decade after the market turmoil hit, according to data from Eurostat published on Monday.

Shares in global oil and gas companies have surged during the current quarter, boosted by rising oil prices, improving earnings and promises of hefty cash returns to shareholders.

Rolls-Royce expects to be producing solely electric cars by 2040, as the British marque pledges to ditch the internal combustion engine that is synonymous with its ultra-luxury vehicles.

UK consumer spending is still declining despite the recent pick-up in wage growth, according to an analysis of credit and debit card payments that suggests the arrival of spring weather has not brought much let-up for Britain’s battered retail sector.

15 May

Europe’s economy is facing a string a threats to growth, the International Monetary Fund has warned — including from the new populist coalition government in Italy and Brexit.

Miners were among laggards in London on Tuesday as the oil price continued its ascent to a three-and-half-year high above $78 a barrel.

Shares in Energias de Portugal jumped more than 9 per cent on Monday, the first day of trading after China Three Gorges launched a €9bn offer to take full control of the power utility.

A plethora of upstart consumer brands, such as Dollar Shave Club razors and Halo-Top ice cream, have given big consumer companies a headache by eating into their business.

16 May

Indonesia’s currency dipped to its weakest level against the dollar since late 2015 on Wednesday as the greenback strengthened and ahead of the Bank of Indonesia’s interest rate decision set for Thursday.

Asia Pacific stocks dipped on Wednesday after North Korea pulled out of high-level talks with Seoul and as US Treasury yields rose to the highest level in seven years overnight.

Blockbusters including Black Panther and Avengers: Infinity War, which have enjoyed record box office sales, have boosted revenues at Cineworld in 2018.

Burberry has said it will buy back another £150m of shares after the British luxury brand ended its financial year with more than £800m of net cash and reported profits ahead of expectations.

17 May

Australia’s unemployment rate edged up to a 9-month high in April, despite an increase in the number of full-time roles.

Large US technology companies are investing far more in their businesses as a percentage of revenues than many non-tech peers in spite of spending billions of dollars on share buybacks at the same time.

Finnish mobile gaming company Rovio increased profitability in the first quarter by 88 per cent after the sequel to its popular Angry Birds game generated record revenues and it continued to make money from the Angry Birds movie.

Struggling children’s goods retailer Mothercare has become the latest UK chain to agree a lifeline deal with creditors, as the consumer downturn and the rise of online commerce piles pressure on high street shops.

18 May

Prices for industrial products in Germany picked up at a surprisingly rapid pace in April, in a potential indication that the dip in growth and inflation at the start of this year may prove to be a blip.

Investors put more money into bank loan funds in the past week than at any time in more than a year, as rising interest rates increased the attraction of floating-rate assets over traditional bonds.

PayPal is paying $2.2bn to buy iZettle, snapping up the Swedish payments start-up just before it was set to become the biggest fintech in Europe to list.

Two smartphones adorn the dashboard of Ganesh Medar’s white Maruti Suzuki hatchback as he eases through the noisy traffic of south Mumbai.