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Sunday newspaper round-up: Saudi Aramco, IMF, new pound coins, Bank of England, EDF
Britain’s largest investors have turned up the heat on the City watchdog over its controversial plan to allow Saudi Arabia’s state-owned oil giant to float in London. The Financial Conduct Authority (FCA) has proposed bending stock market rules to accommodate Saudi Aramco, which is aiming to go public next year in a mooted $2 trillion deal. However, the Investment Association, the lobby group for fund managers, has warned the FCA that any changes could damage London’s status as a global financial centre.
Sunday share tips: Wood Group, Amec Foster Wheeler, Strix Group
In the Sunday Times’ Inside the City column, John Collingridge takes a look at Wood Group and its £2. 2bn all-share takeover of Amec Foster Wheeler, which it completed last week.
Week ahead: UK data, China Communist party Congress in focus
The coming week will see the release of a barrage of economic data on the UK economy, even as investors eye political events in the People's Republic of China and Spain.
US close: Stocks end higher despite another CPI miss
Stocks ended slightly higher going into the weekend despite inflation data for September that came in shy of market estimates for a sixth month out of seven.