Morning papers: Cameron and Osborne court investors
The morning headlines brought to you by Investment Adviser: Friday, July 27 2012.
David Cameron and George Osborne launched a concerted effort on Thursday to persuade investors that the government would stick to its tough debt reduction plan, as the eyes of the world turned on London ahead of the 2012 games, reports the Financial Times.
Barroso pushes Greece to show results
José Manuel Barroso has urged Greece to accelerate reforms after two years of foot-dragging if it wants to stay in the eurozone, saying Athens needed to show “results, results, results”, reports the Financial Times.
German scepticism undermines Greek reform
Even as hundreds of thousands of German tourists head south for their holidays on the front line beaches of the eurozone crisis, the politicians and commentators left behind are indulging in an orgy of speculation about whether Greece can long last as a full participant in the common currency, reports the Financial Times.
Barclays sorry for Libor as profits top £4bn
British bank Barclays Plc said it was confident it will repair the damage caused by an interest rate rigging scandal that has rocked it and the banking industry after beating expectations with a £4bn profit, reports Reuters.
ICE to close New York trading floor
The ICE Futures US exchange plans to bring the curtain down on an era in New York commodities markets by ending open-outcry trading on its floor this year, reports the Financial Times.
Facebook shares fall 10% in after-hours trading on maiden results
Facebook shares slumped to a record low after the social network site’s first results as a public company showed its growth has slowed, reports The Telegraph.