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U.K. markets news

Sainsbury's to cut 2000 jobs across UK
Sainsbury's is axing 2,000 store and back office roles as the supermarket chain looks to slash costs by �500m amid an intensifying price war with discounters Aldi and Lidl.
Sainsbury's to cut 2000 jobs in cost-saving drive  BBC News
Sainsbury's to slash 2000 jobs in cost cutting drive  Telegraph.co.uk
Financial Times  
UK interest rate rise likely as inflation hits 3%
Bank of England governor Mark Carney said he expects inflation to rise further. Photograph: Adrian Dennis/PA. Inflation. UK interest rate rise likely as inflation hits 3%.
'One and done' rate hints hit pound after 3% inflation  Citywire.co.uk
Sterling drifts lower as traders question prospect of interest rate hike  Belfast Telegraph
Merlin shares drop sharply after lacklustre summer at theme parks
Merlin Entertainments, owner of Legoland and Madame Tussauds, downgraded its full-year profit expectations on Tuesday, sending its shares tumbling, after warning that “difficult” summer trading in the aftermath of UK terror attacks would persist.
Merlin pushes into hotel rooms as shares plunge on back of terror hit to ...  Telegraph.co.uk
Legoland owner warns of terrorism impact to its profits  BBC News
'Maintain close ties with EU': Key charts and analysis on UK from the OECD
The Organisation for Economic Cooperation and Development has urged the UK to maintain the “closest possible” ties with the EU if it is to limit the economic and social costs of Brexit.
We must listen to the OECD's warnings about the effects of Brexit  The Independent (blog)
Bigger than Brexit: OECD takes aim at Britain's productivity crisis and ...  Telegraph.co.uk
Bombardier raises hopes Airbus deal could save 1000 jobs in Belfast
An Airbus A320 and a Bombardier C-Series plane after the announcement of the deal. Photograph: P Pigeyre/Airbus/EPA. Bombardier. Bombardier raises hopes Airbus deal could save 1,000 jobs in Belfast.
Airbus bets on demand for Bombardier's 'cute little plane'  Financial Times
Blue skies ahead for Airbus, Bombardier CSeries partnership  Daily Mail
House price rise capital of the UK has been revealed - and it isn't London
The north west of England has led the way for house price growth over the past year, while London has seen the smallest annual increase across the UK, official figures show.
House prices up 5% in a year, official figures show, as shortage of homes on ...  This is Money
London is the only region in England where house prices fell in August  City A.M.
More teething problems on GWR's brand new Intercity Express train
One of GWR's new trains. Hitachi, the trains' manufacturer, blamed an 'IT router issue' for its teething problems.
Head of Hitachi Rail apologises after new train delayed on maiden trip to ...  Slough and Windsor Observer
Transport Secretary Chris Grayling stuck on flagship train delayed on its ...  Mirror.co.uk
Phones4u tycoon John Caudwell 'accused expert of being corrupt over expenses'
A billionaire British businessman is embroiled in a High Court battle with a French financial expert who left a management job after being accused of stealing expenses.
Phones 4u founder accuses former adviser of fiddling expenses  The Guardian
Phones 4u billionaire founder accuses French finance expert of 'needing ...  Daily Mail
Asos profits double as overseas growth offsets weak pound
Asos profits have doubled in the past year as the online retailer's rampant overseas expansion allowed it to storm past its struggling British high street rivals.
EXTRA: ASOS To Up Investment To Meet Ongoing Surge In Global Sales  Interactive Investor
Asos defies the squeeze on consumers as annual profits rocket by 145% and it ...  This is Money
NFLX earnings call for the period ending September 30, 2017
Good afternoon, and welcome to the Netflix Q3 2017 Earnings Interview. I'm Spencer Wang, Vice President of Investor Relations and Corporate Development.
Netflix flirting near record on subscriber growth  Reuters
Netflix shares show volatility as cash flow remains negative, but analysts ...  MarketWatch