LONDON (ShareCast) - (Sharecast News) - The US President announced that imports from the EU and Mexico would both be taxed at 30% commencing on 1 August. The announcement was a surprise for both Brussels and the US trade representative, Jamieson Greer, as both believed that they had reached a deal that would be acceptable to both sides. EU trade ministers' previously scheduled Monday meeting will now see them come under pressure to show a "tough" reaction. - Guardian
British corporate undertaker, Begbies Traynor, has become the latest outfit to receive a raft of offers to negotiate a takeover. According to its chief executive, London's stock market has turned into a "hunting ground" for private equity sharks. "A month doesn't go by where there isn't somebody suggesting a conversation, it's either private equity themselves or some market maker in the middle," executive chairman Ric Traynor said. - Financial Mail on Sunday

Burberry's new boss, the American Joshua Schulman, can be confident going into the company's annual meeting next Wednesday. That's thanks to a 40% jump in the share price since he came onboard a year ago. The key to his strategy has been to return to the company's British spirit and 169 years of tradition, including a focus on Burberry's iconic trench coats. - Financial Mail on Sunday

Thousands of savers at Ziglu, the British fintech outfit, are at risk of losing their investments. That comes after administrators found a £2m black hole at the cryptocurrency company. Once valued at £126m, Ziglu suspended withdrawals in May, before being put into special administration last week. - Sunday Telegraph

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