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U.K. markets news

Ford announces �2000 scrappage scheme for pre-2010 cars
Ford is the latest car company to launch an incentive for UK consumers to trade-in cars over seven years old, by offering �2,000 off a new model.
Ford launches scrappage scheme offering at least �2000 for any brand  The Guardian
Car makers 'cashing in' on diesel fears by offering drivers �2k off ...  Telegraph.co.uk
AutoExpress  
Bank's QE programme 'like heroin' says ex-Treasury official – as it happened
Investors will be looking for signs of further interest rate moves from the Fed at the Jackson Hole summit in Wyoming this week. Photograph: CJ Gunther/EPA.
Total deepens North Sea exposure with $7.5bn Maersk Oil deal  Gulf Times
Total agrees �6bn deal to buy Maersk Oil  Telegraph.co.uk
South Western Railway franchise launches promising 'faster journeys and more ...
The new railway franchise, which has replaced South West Trains (SWT), launched at 2am on Sunday August 20. The operator will oversee a more than �1.2 billion investment over a seven year tenure after it won a bidding was against SWT.
New operator South Western Railway's first day of operations as union ...  Evening Standard
DLR will come under pressure as trains avoid key London stations  The Wharf
Chinese company set to bid for Fiat
China's Great Wall Motor intends to make an offer to buy Fiat Chrysler Automobiles, which 1 China's Great Wall Motor intends to make an offer to buy Fiat Chrysler Automobiles, which makes brands such as Jeep.
Chinese SUV manufacturer confirms interest in Jeep acquisition  Washington Post
Jeep would be a prize for a number of carmakers  The Detroit News
Illegal drugs underestimated in UK trade data, statisticians find
Drug dealers and foreign students are set to shake up the official UK figures for international trade. The Office for National Statistics revised its estimates for UK trade on Monday, saying that depending on the year, between �300m and �2.2bn more ...
UK current account deficit �18bn bigger in 2015 than previously thought says ...  City A.M.
Britain's current account deficit was bigger than thought in 2015 - ONS  Reuters UK
Boost northern transport spending, business leaders tell Grayling
Business leaders are demanding that the government boost infrastructure spending in the north after it scrapped or reviewed projects that were part of the Northern Powerhouse plan.
YP Letters: Plea to Theresa May for 'Crossrail in the North'  Yorkshire Post
Day of moaning declared in north of England over train woes  The Guardian
British Airways passenger says he had to sit on urine-soaked seat for 11-hour ...
A 39-year-old IT consultant is claiming he was forced to endure an 11-hour flight to South Africa while sitting on someone else's urine.
Man forced to sit in someone else's pee for 11-hour flight: report  New York Post
BA apologises to passenger forced to sit in 'urine-soaked seat'  TravelMole
Council uses Pontins holiday camp to house homeless people as pressure on the ...
HOMELESS families are being housed in a Pontins holiday camp as a council reveals their waiting list for new homes has reached “breaking point”.
Prestatyn Pontins used to house homeless families  BBC News
Homeless families given emergency accommodation at Pontins holiday camp  Big Issue
How lawyers from Linklaters allegedly ditched scandal-hit Barclays over 'dodgy ...
Lawyers for scandal-hit Barclays quit over fears a deal with the Qataris might be illegal, it is claimed in court documents. The bank asked Linklaters to advise it on a �2.3 billion loan to the Gulf state as it battled to avoid a bailout during the ...
Linklaters quit as Barclays adviser over 'unlawful' loan fears  Law Gazette
Law firm quit as Barclays adviser over Qatar loan fears  Financial Times
Co-operative Group's stake in Co-op bank to fall to 1%
The Co-operative Group will be left with only a tiny stake in the Co-op Bank after shareholders approved a �700m rescue package on Monday.
Co-op Bank's restructuring plan passes EGM but what next?  The Independent
Co-op Group shareholders approve slashing stake in Co-op Bank to 1pc  Telegraph.co.uk