A sale of UK five-year debt was oversubscribed by a record amount, easing concerns that a glut of bond issuance this year may struggle to find demand trib.al/syIGL5s

☀️🌡️Europe’s Summer Will Be ‘Unusually Hot’ — Again

Higher risks of drought and heat waves expected after a warmer May continues a trend that’s seen 10 consecutive months of record-high global temperatures

Celia Bergin Bloomberg Green Bloomberg UK
bloomberg.com/news/articles/…

A glut of Treasury issuance will outweigh any Federal Reserve policy pivot to keep long-term yields elevated and pressure global bonds, according to Barclays trib.al/ZTZPF63

Britain’s housing-market recovery continued into March as mortgage approvals rose for a sixth month, Bank of England figures show trib.al/sygJHP4

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RedBird IMI is withdrawing from its attempt to acquire The Telegraph and Spectator after months of backlash trib.al/aaQ0J57

Europe’s summer will be hotter than usual, with higher risks of drought and heat waves trib.al/TzAILcA

'It’s a disaster' 🇬🇧

From today, EU food imports to the UK will become get more complicated — and expensive — as the British government implements the Brexit deal trib.al/JQvvUUE

HSBC's CEO announces a shock retirement, US borrowing soars and risky trades raise concerns at Société Générale.

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Turkish Airlines is in talks with Boeing and Airbus for an additional 235 airplanes, following its 230-jet mega-order with the European planemaker in December trib.al/HQDppS9

HSBC boss Noel Quinn quits, Glencore expects a bumper year, and Britain has (some) deflation -- get briefed ahead of your morning calls with The London Rush trib.al/XE0Asui

Russia is planning to target Moldova with a wave of hybrid attacks in the run-up to its presidential election and referendum on joining the EU later this year, according to people familiar with UK intelligence assessments

bloomberg.com/news/articles/…

From today the UK gets a taste of full Brexit, with costly new border checks coming into force

Here's what it means for that British breakfast staple: the bacon sandwich 🥓 bloom.bg/3y10zmK

GE Vernova invested $10.2 million in Xlinks First, the UK company planning a massive renewable power project in Morocco and a 4,000-kilometer undersea cable to deliver the energy to Britain trib.al/Fv7OY6g

HSBC's CEO Noel Quinn is unexpectedly stepping down, and the lender has started a search for a successor trib.al/2vw4qXa

'It’s a disaster' 🇬🇧

From today, EU food imports to the UK are about to get more complicated — and expensive — as the British government implements the Brexit deal trib.al/gNI7Rp8

The UK’s second biggest mortgage provider stops making loans on homes at risk of flooding, over fears they may become uninsurable — and therefore, unsellable — over the coming years trib.al/B13GwA1

An economic transformation fueled by €515 billion of EU funds is part of the reason behind the overall support for the bloc in Eastern Europe. But discontent still remains in the countries that joined the EU family two decades ago trib.al/Z1Bpcd9

London’s employers are letting more staff work entirely from home, according to a prominent recruitment firm, with workers keen to earn the premium paid by jobs in the capital without the commute. trib.al/TcL2iDB

JUST IN: HSBC says CEO Noel Quinn will retire after five years in the job in a shock announcement trib.al/Te2Etd8