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U.K. markets news

Tesco to shed up to 1700 jobs in new management shake-up
Tesco is stripping out a layer of management from its stores in a move that puts up to 1,700 jobs at risk, in the latest effort by the UK's biggest supermarket chain to cut costs by �1.5bn.
Tesco to cut 1700 shop floor jobs  BBC News
Tesco to axe 1700 shop floor roles across its stores in bid to 'simplify ...  Mirror.co.uk
Grimsby Telegraph  
JLR cuts Land Rover production amid diesel uncertainty
Jaguar Land Rover will cut production of some vehicles amid uncertainty over Brexit and changes to taxes on diesel cars. The company will temporarily scale back output of the Discovery Sport and Range Rover Evoque models later this year.
Jaguar Land Rover to cut production at Halewood factory  Belfast Telegraph
Jaguar Land Rover to cut production at Halewood  The Guardian
Think you can spot scammers? Just 9% of Britons really can
An official campaign to protect consumers against financial fraud has been launched after a survey showed that only 9% of people were able to correctly identify scam texts and emails in an online test.
Just one person in eleven can spot scams accurately - what everyone else is ...  Mirror.co.uk
Test Your Scam IQ: Most People Are Wide Open To Fraud  MediaPost Communications
IMF upgrades global growth but expects British economy to slow
The International Monetary Fund has raised its forecasts for world economic growth for this year and next on the back of president Trump's tax reforms in America, but remains gloomy about the UK.
IMF lifts global growth forecast to 3.9%, saying momentum is building  The Guardian
IMF hails 'broadest' upsurge in global growth since 2010  Financial Times
London market dragged lower by betting stocks fall
The London market drifted lower on Monday after betting stocks tumbled following reports that the Government will slash the maximum stake on fixed-odds betting terminals (FOBTs).
It looks like bookies will be BANNED from letting punters stake �100 on ...  ChronicleLive
British bookmakers dismayed as shares plunge on report of low stake limit  Reuters UK
Netflix's success turns net neutrality into an afterthought
SAN FRANCISCO (AP) - Netflix once fought fiercely for net neutrality, fearing that its online video service would suffer if internet providers were free to discriminate against it.
'Stranger Things,' 'The Crown' Propel Netflix Membership Gains  Hollywood Reporter
Amazon Go: convenience and concern at new checkout-free corner shop
All around me in this Seattle corner shop, people are grabbing items off the shelves, shoving them into bags or pockets, and bolting for the door.
Amazon's New Data-Driven Convenience Store Uses AI To Check You Out  Forbes
Get Your Stuff and Go: Amazon Opens Store With No Cashiers  U.S. News & World Report
Sterling nears $1.40 on Brexit optimism
LONDON: Sterling climbed half a percent against the euro and dollar Monday, nearing $1.40 and reaching its highest level since June 2016's vote for Brexit, on optimism that Britain will reach a favorable divorce deal with the European Union.
Pound Needs Positive Catalyst to Reach Fresh Post-Brexit Highs  BloombergQuint
Hopes for UK Post-Brexit Economic Rebound Trigger GBP/CHF Exchange Rate Rise  Currency News
LONMIN PLC - First Quarter 2018 Production Report and Business Updat
LON First Quarter 2018 Production Report and Business Update Lonmin Plc (Incorporated in England and Wales) (Registered in the Republic of South Africa under registration number 1969/000015/10) JSE code: LON Issuer Code: LOLMI & ISIN : GB00BYSRJ698 ...
Lonmin's full-year loss widens after a $1bn writedown  City A.M.
Resilient Lonmin delivers sturdy output, extracts cash from tailings  Creamer Media's Engineering News
Rupert Murdoch tells Facebook: pay 'trusted' publishers for their content
Rupert Murdoch issued a new salvo in the row between Facebook and news publishers on Monday, calling on the social media company to pay publishers for their content.
Rupert Murdoch wants Facebook to pay for the news  TechCrunch
Facebook should pay 'trusted' news outlets, Rupert Murdoch says  Los Angeles Times