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U.K. markets news

Rupert Murdoch's Sky bid provisionally blocked by regulator
The Competition and Markets Authority said21st Century Fox's bid to take control of the 61% of Sky it does not already own is not in the public interest due to concerns about media plurality.
Fox takeover of Sky 'not in public interest' - CMA  Financial Times
Sky takeover by Rupert Murdoch's Fox 'not in public interest' ...  
Pound retests levels last seen before Brexit vote
“We do think there is more upside potential for the pound in 2018 - but for the next wave of appreciation to kick in, we'll require a positive sterling-specific catalyst,” says Viraj Patel, FX strategist at ING.
Pound to euro exchange rate: Sterling 'JUMPS' up thanks to post ...
Sterling hits a post-Brexit high of $1.40  London South East (blog)
Netflix's Torrid Subscriber Growth Has Earned It a Green Light to Spend Heavily
The streaming giant easily beat subscriber estimates and also issued strong guidance. That's why markets aren't worried about its plans to burn through $3 billion to $4 billion in cash this year.
Netflix crosses $100 billion market capitalisation as subscribers surge
Netflix valuation breaks $100bn for first time  The Guardian
US slaps 'America First' tariffs on washing machines and solar panels
The US has approved controversial tariffs on imported washing machines and solar panels. The move is in line with President Donald Trump's "America First" trade policy, which aims to protect local manufacturers from foreign competition.
Why Trump Is Taxing Solar Panels Imported by US  Bloomberg
South Korea, China look for WTO support over US tariffs on washing machines ...  Reuters
Lonmin's Ben Magara upbeat amid rising red tide
The delayed and dismal full-year numbers including a $1.05bn impairment, presented by platinum miner Lonmin stood in stark contrast to the positive message CE Ben Magara strove to project on Monday as Sibanye-Stillwater advanced its friendly takeover ...
Lonmin takes hit of R13bn  Independent Online
Lonmin plunges deeper into red after $1.1bn impairment charge  Financial Times
Tesco to axe 50 jobs in Northern Ireland as part of UK-wide cost-cutting bid
Around 50 Tesco staff in Northern Ireland could be affected by the supermarket giant's latest cuts across the shop floor. Tesco is to axe 1,700 shop floor jobs as part of a cost-cutting drive across the UK.
Tesco to shed up to 1700 jobs in new management shake-up  The Guardian
Tesco to axe 1700 shop floor roles across its stores in bid to 'simplify ...
Skills shortages reach record high
Construction workers losing their jobs in the wake of Carillion's collapse should not be out of work for long as there is new evidence today of skills shortages in the industry reaching an all-time high.
Scottish SME builders hit by sharp drop in confidence and workloads  HeraldScotland
Shortage of bricklayers and carpenters hits record high  Construction Enquirer
Venice restaurant charges tourists �970 for meal - They call the police
A group of Japanese students were left shocked when a Venice restaurant charged them �970 for a meal. The group of four students, who are studying in Bologna, had eaten at Osteria de Luca restaurant close to St Marks Square when they were presented ...
4 Japanese tourists charged more than US$1000 for Venice meal; mayor pledges ...  Channel NewsAsia
Venice investigates rip-off restaurants after tourists are charged $1600 for ...  GkMen
Bookmakers weigh up judicial review against FOBT curbs
The government could face a high court showdown with bookmakers over fixed-odds betting terminals (FOBTs), amid industry dismay at suggestions that ministers have decided to cut maximum bets on the machines to �2.
Ladbrokes warns FOBT crackdown will hurt horseracing industry  Financial Times
Betting shares tumble on report of cut to machine stakes  BBC News
Jaguar Land Rover to cut UK output amid diesel and Brexit concerns
Jaguar Land Rover is cutting production at its Halewood plant as economic uncertainty and concern over the future of diesel hit Britain's biggest car maker.
Jaguar Land Rover to cut production at Halewood plant  Sky News
Jaguar Land Rover to cut production at Halewood factory  Daily Mail