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CITY ‘WOULD VOTE TO STAY IN EU’

The vast majority of City would vote for UK to stay in EU, claims the Daily Telegraph. A new survey Centre for the Study of Financial Innovation reveals that 73% of financial workers want the UK to remain part of the European Union despite more than 40% believing that Brussels is actively hostile towards their industry. A CSFI spokesman said the City fears “vulnerability” if the UK goes it alone.

GREECE BANKS ‘CLOSE TO COLLAPSE’

Greek banks are “close to collapse”, warns the French central bank. Greek debt costs leapt yesterday as the French central bank issued the warning. The euro fell 0.6% to $1.074 after International Monetary Fund and G20 meetings made little headway on the prospect of Greece satisfying creditors to unlock €7.2bn in financial aid by the end of the month.

HMV TOPS THE CHARTS AGAIN

HMV has reclaimed the number one spot for sales of vinyl and CDs, reports Sky News. The revived retailer has overtaken Amazon in sales of physical records and CDs for the first time since September 2013. It had higher sales of such items than any other UK retailer during the latest 12-week period, according to industry figures published by Kantar Worldpanel.

CIRQUE DU SOLEIL SELLS TO US & CHINA

Cirque du Soleil has sold a majority stake to US and Chinese private investors, valuing the firm at $1.5bn (£1bn). Guy Laliberte, who founded the Canadian firm in 1984, has retained a minority stake, reports the BBC. The purchasers are US private equity firm TPG Capital LP and Fosun Capital Group, which is owned by Chinese conglomerate Fosun International Ltd.

WHICH LAUNCHES SUPER-COMPLAINT

Consumer body Which? is demanding the regulator to act over "confusing and misleading" supermarket prices. Launching a "super-complaint", a legal move which means the Competition and Markets Authority must respond within 90 days, the consumer group said it had repeatedly exposed the tactics, but that "these dodgy offers" remained on the shelves.

QUOTE OF THE DAY … BCC SLAMS ELECTORAL POLICIES

“And, dishearteningly, we also have policy proposals that, if enacted, would undermine entrepreneurship, aspiration and business growth.” The British Chambers of Commerce pours scorn on election manifestos.

 

THE NUMBERS... AT 0725 BST

FTSE-100: up +0.82 to 7052.13
Dow Jones: up 1.17 to 18034.93
Dax: up +1.74 to 11891.91
Cac-40: up +0.86 to 5187.59
Nikkei: up +1.28 to 19885.84
Hang Seng: up +1.92 to 27614.11
US dollar: buys €0.93440 and £0.67240
Sterling: buys $1.48680 and €1.38950
Oil: $63.44 down -0.0