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London stocks started slightly lower on Tuesday despite overnight gains on Wall Street, as banking shares weighed on the index and traders looked ahead to various economic and political risk factors around the world. RHI Magnesita chief financial officer Octavio Pereira Lopes said he planned to leave the company by the end of 2018 and return to Brazil with his family to pursue other career opportunities, the company announced on Tuesday. Investors set to listen-in on the new Italian PM’s first speech before the country’s Senate, followed by possible remarks from ECB chief Mario Draghi later in the day. Rolls-Royce confirmed on Monday that completion of the sale of its fuel injector business, L’Orange, to Colorado-based Woodward took place on 1 June.
Wizz Air issued its passenger statistics for May on Monday, seeing another rise in both capacity and passenger numbers, with capacity ahead 17. 3,086,626 when compared to the same month last year. Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Before it’s here, it’s on the Bloomberg Terminal. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Atom bank launches first-time buyer range – but are 95 per cent mortgages the best way to get on the ladder? Rebecca Rutt: ‘Victory for This is Money as Ofcom FINALLY says Virgin Media’s exit fee is too high – so why is it still getting away with charging it?
What is an investment trust and why would you want to put your savings into one? Do the crises in Argentina and Turkey spell danger for emerging markets as the strong dollar stings? Spend your way onto the property ladder! I received a mailshot offering free entries into the National Lottery – is it a scam? The FTSE 100 index at the close was down 7. Next week is a busy one for economic announcements and companies reporting full and interim results.