| Overview: US jobs data lead equities lower Global markets began the second half of the year nervously after signs that the economic recovery, which many were predicting to be around the corner, may yet be some way off  Investors await clearer guidance European bourses ended in the red for the third consecutive week, as investors sat on their hands and waited for second-quarter results to guide the market Overview: US jobs data sideline risky investments Investors recoiled from more daring assets after a sharp drop in US employment set back hopes for a quick revival of the world's largest economy WPP leads FTSE slide as Citigroup turns cautious The media group led the market sharply lower Chinese talk to Repsol about Argentine arm Spanish oil company and two biggest mainland oil groups in talks over possible asset purchases and joint ventures D Telekom seeks asset swap for T-Mobile UK The German telecoms operator is looking for a deal with would-be bidders for its underperforming UK unit to cushion the blow of pulling out of a big market ECB puts pressure on banks Eurozone official interest rates were left unchanged at 1 per cent by the European Central Bank as policymakers await signs of the region's economic recovery gaining momentum UK telecoms Wringing out every last drop of savings by shutting down redundant networks and cutting marketing costs has become a priority Telefónica tests line for T-Mobile UK bid The prospect of a bidding war for T-Mobile UK is looming after it emerged that Telefónica is looking at the case for buying Britain's fourth largest mobile phone operator Overview: Upbeat data fuel risk appetite Global risk appetite gathered steam as the second half of the trading year began and investors digested manufacturing reports from the major economies SABMiller sells $750m stake to black investors International brewer SABMiller has unveiled plans to sell a R6bn stake in its local subsidiary to its employees, store owners and a charitable foundation KBC in top-level overhaul Troubled Belgian bank KBC has replaced its chief executive along with nearly half its top-level committee Areva plans to raise €10bn French state-controlled nuclear group, plans to raise €10bn ($14bn) through disposals and the sale of a 15 per cent stake to strategic partners Europeans agree to tick together Move by the region's bourses and smaller rival trading platforms on so-called 'tick sizes' averts a damaging war over the increments by which share prices are allowed to fluctuate Overview: Strong quarter for equities ends on dull note Disappointing US consumer confidence data offer a timely reminder of the headwinds facing the global economy News Wizard |