1 Sales of diesel cars have fallen by a fifth in 12 months, prompting claims that the fuel is in terminal decline in Britain. Figures from the motor industry show that 20,000 fewer new diesels were sold in May than a year earlier as total sales of all new cars were slid by 8.5 per cent compared with 2016.
2 Consumers are finally “feeling the squeeze” of inflation as businesses and shoppers delay spending decisions before the general election on Thursday and the start of Brexit talks. Three new surveys reveal that spending growth slowing on the high street and in the dominant services sector.
3 Shares across the leisure and airline sectors fell sharply as bosses admitted that the resilience of Britain’s tourism industry would be tested by the latest terrorist attack at London Bridge.
4 After nearly two centuries in newspapers John Menzies is to demerge its links with Fleet Street to concentrate on looking after aircraft, announcing a merger with DX, a specialist courier company. The deal effectively means Menzies’ newspaper and magazines logistics division has reversed into DX’s stock market listing.
5 One of Britain’s leading foreign investors was counting the cost of an announcement of a Saudi-led trade embargo that wiped more than 7 per cent off the valuation of its stock market. An escalating row over alleged links to terror groups has left Qatar, the world’s biggest exporter of liquefied natural gas and the owner of big stakes in British companies such as Barclays, J Sainsbury and the London Stock Exchange, increasingly isolated.
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6 Willie Walsh, chief executive of IAG, the parent company of British Airways, has ordered an independent inquiry into the computer chaos that stranded tens of thousands of passengers over the bank holiday weekend and could cost the airline £150 million.
7 Figures from Home Let show that the cost of renting in Britain has fallen for the first time since 2009 — by 0.3 per cent — adding to signs that the housing market is slowing after years of growth.
8 Britain grew at the slowest pace of any of the world’s advanced economies in the first three months of the year, after official figures showed that Italy had performed better than estimated.
9 Whistleblowers should receive payouts for revealing misconduct in the City and should no longer be treated “as if they’re snitches”, according to the Liberal Democrats.
10 A boardroom exodus at Genel Energy has gathered pace with Nat Rothschild, the financier, following Tony Hayward, the former BP boss, in quitting the troubled oil explorer that they brought to market six years ago.