The FTSE 100 is called to open 14 points higher at 7427.
UK Gilt 10 Year Yield 1.042 Spot Gold $1326.98 -0.74 Brent
Crude $53.72 -0.65
$ per £ 1.3187
€ per £ 1.1021
$ per € 1.1966
U.S. stocks rallied to record highs Monday as Hurricane Irma
weakened without causing as much damage as many had feared, and a North Korean
holiday passed without new missile launches. Financial and technology companies
lead the way. The Standard & Poor's 500 index climbed 26.68 points, or 1.1
percent, to 2,488.11. The Dow Jones industrial average soared 259.58 points, or
1.2 percent, to 22,057.37. The Nasdaq composite advanced 72.07 points, or 1.1
percent, to 6,432.26. The Russell 2000 index of smaller-company stocks surged
15.40 points, or 1.1 percent, to 1,414.83.
PRESS COMMENTARY
London has held on to its position as the world’s most
attractive financial centre, while New York has fallen amid concerns about
President Trump’s trade policy, Times.
The pound rose to a three-and- a-half-week high against the
euro yesterday amid speculation that the Bank of England will signal that it
plans to raise rates sooner than the markets are expecting, Times.
COMPANY NEWS
JD Sports Fashion PLC said continued sale growth in the core
U.K. and Ireland sports fashion division has led to a 33% jump in first half
pretax profit.
AA PLC said that it had preliminary talks with Hastings
Group Holdings PLC (HSTG.LN) in early summer to explore a possible merger of
its insurance business with Hastings.
Ashtead First Quarter Adjusted Ebitda GBP431.1 Mln.
Hilton Food Group PLC reported 10.4% rise in first half
pretax profit, on the back of strong volume growth, and said that full year
outcome is expected to be in line with board's expectations.
Redrow Placing AT 590P/SHR...6.5% discount.
Cairn Homes says Michael Stanley and Kevin Stanley, directly
or through entities controlled by or connected to them, and Emerald Everleigh
Limited Partnership propose to sell about 15.65m of its shares.
Premier Oil to Sell Wytch Farm Interests to Verus for $200 m
Cash.
Standard Bank Joint CEO Ben Kruger Steps Down. Source Quilter Cheviot.
