Britain’s dominant services sector has posted its strongest growth of the year * Latest: UK Service PMI beats forecasts * Car sales dive 20% as tax changes bite * Eurozone growth hits six-year high Earlier * Stocks up after upbeat Federal Reserve * French market hits nine-year high * But Next shares take a dive 12.48pm BST As the eurozone basks in the sun of nascent economic recovery, in Athens prime minister Alexis Tsipras has been blasting Greece’s euro zone partners (and IMF) for their unfriendly behaviour towards the bloc’s weakest link. “The lenders are not our friends. And nor did they become our friends in June 2015, or May 2016 or now. “And that is not just a moral judgement. It is the reality. On the one hand, lenders want to secure the money that they loaned Greece, on the other they want [to impose] a particular model and strategy of organising the economy. This model very often clashes with the one that we want for the country, for the economy, to cover social needs.” Multi-bill to be voted by #Greek parliament on May 16, counter-measures to be included on amendments giving opposition ability to vote them 12.17pm BST CITY TRADERS ARE CONTINUING TO THUMP NEXT, FOLLOWING THE RETAILER’S DOWNBEAT TRADING UPDATE THIS MORNING (DETAILS HERE). Here’s the full story: Nearly £500m wiped off value of Next as it warns of 'challenging' market & cuts forecasts;neglected wardrobe staples https://t.co/JpN7GpGDgy Continue reading...
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