5. Almost two-thirds of homebuyers who used the government's Help to Buy scheme could have bought a home without it, a report has said.
It also found that one in 25 of participants had household incomes of over £100,000.
4. Donald Trump declined to set a deadline for the levying tariffs on another $325 billion of Chinese goods and called the relationship with Beijing good but “testy” after China walked back commitments for a trade deal.
3. Sir Philip Green has thanked landlords and suppliers who backed the deal that saved his retail empire.
He batted away the suggestion the Topshop group had been close to going bust but he did acknowledge that the retail landscape had changed forever and that he had been slow to react.
2. Britain’s housing market steadied in May and a measure of prices improved.
The Royal Institution of Chartered Surveyors (RICS) house price measure was at its highest reading since October.
1. Conservative MPs will begin the process of choosing their new leader and the next prime minister later when a first round of voting is held in Parliament.
Voting will take place by secret ballot in the Commons, with a result expected some time after 1pm.
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Five financial stories, trending today in a 60 second podcast, including: The pound hit a 6 month low today on rising worries that Boris Johnson, the front-runner to replace Theresa May, could put Britain on a path towards a no-deal Brexit.
On today's podcast: Union Jack Oil & Reabold Resources discusses the discovery at West Newton could be the largest UK onshore gas field. Hummingbird Resources report on the positive progress on the second ball mill project at its Yanfolila Gold Mine. Salt Lake Potash talk about the results of their Scoping Study for their Lake Way Project.
As a founding member of Equileap, a leading organisation providing data on gender equality in the workplace, Diana Van Maasdijk recognised that by leveraging the power of investment you can align your interests with "the mission of the people".
SP Angel research note on commodities and miners, featuring: Altus Strategies* (ALS LN) – Expiry of term sheets on Mali projects Avesoro Resources (ASO LN) – Processing resumed at Youga BlueRock Diamonds* (BRD LN) – BlueRock diamonds has sold its 24.98ct diamond for US$190,000 European Metals Holdings (EMH LN) – Lithium hydroxide PFS confirmed Hummingbird Resources (HUM LN) – Installation of Yanfolila’s second ball-mill running ahead of schedule Vast Resources* (VAST LN) – Progress report on the Heritage Diamond concession
Serco’s £4bn swoop on Babcock. Merger talks could spark deals in ailing outsourcing sector, Retail billionaire Mike Ashley is among prospective bidders vying for control of one of the country’s biggest five-a-side football businesses, Dixons Carphone has hatched a plan to double the amount of products sold on credit