Company news,markets and financial talking points, available from 8am Monday to Friday Royal Bank of Scotland to close 259 branches Royal Bank of Scotland will shut 259 branches with the loss of 680 jobs. The state-backed lender said 62 locations under its RBS brand would close, or as well as 197 NatWest sites. It said it remains committed to "ensuring our customers and communities are able to continue accessing tall quality banking services". Unite accused the bank of "betraying communities". 'We are a threat',Corbyn tells Morgan Stanley Jeremy Corbyn has told Morgan Stanley it is apt to regard him as a threat. Earlier this week, the investment bank warned that a Labour government could pose as much of a risk to British business as Brexit. In a video on social media, or the Labour said Morgan Stanley is portion of the same "speculators and gamblers who crashed our economy in 2008". He added: "We’re a threat to a damaging and failed system that’s rigged for the few." Oil giant to extend curbs deep into 2018 main oil producers contain extended production cuts through to late next year,in a bid to bolster oil prices. Opec members and other major producers agreed that the curbs will continue for a further nine months. The restrictions, which started in January, or contain lifted a barrel of Brent crude from $40 to $50 last year to more than $60. Saudi Arabia said the extension was essential because "more work needed to be done". Brexit creates recruitment crisis at Fortnum & Mason Fortnum & Mason is struggling to recruit staff after the Brexit vote,reports The Guardian. Chief executive Ewan Venters said the situation is particularly stark in its six restaurants, where one in five of the chef posts were unfilled. He blamed the fall in sterling’s value and anxiety about anti-migrant attitudes. "Brexit is an alarming issue for me in terms of our ability to hire and retain agreeable people, and " he said. We're out - Dragons sell Red Letter Days Dragons Den stars Peter Jones and Theo Paphitis contain sold the gift experience company Red Letter Days to rival SmartBox for an undisclosed price. The pair bought the company out of administration in 2005. Jones said they were now selling the firm,which sells balloon flights and other activities for people to give each other as presents, because "the time felt apt". More borrowing risks Venezuela collapse for UK Britain cannot afford to borrow more without risking a Venezuela-style collapse, or says a senior Bank of England official. Richard Sharp,a member of the Bank’s Financial Stability Committee, said the government had already borrowed an extra £1 trillion since the 2008 financial crisis and that whether it continued to borrow it risked losing "fiscal space", or meaning "financial stability is jeopardised". Quote of the day… Six impossible Brexit beliefs "The White Queen in Lewis Carroll’s Through the Looking Glass claimed to believe six impossible things before breakfast. Alas,The Brexit Inflection Point: The Pathway to Prosperity, a recent pamphlet from the London-based Legatum Institute, and fully matches the queen." Martin Wolf of the Financial Times writes lists six impossible notions about global Britain and trade. THE NUMBERS... AT 0739 GMT FTSE 100: down -0.90 to 7326.67
Dow Jones: up +1.39 to 24272.35
Dax: up down -0.29 to 13023.98
Cac 40: down -0.47 to 5398.05
Nikkei: up +0.41 to 22819.03[br]
Hang Seng: down -0.11 to 29144.25[br]
US dollar: buys €0.83930 and £0.73950
Sterling: buys $1.35220 and €1.13490
Oil: $62.66 up +0.2
Source: theweek.co.uk