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Volumes up and turnover down at Unilever
FTSE 100 consumer goods company Unilever reported growth in underlying sales and volume on Thursday, though its top line declined in its first quarter update.
London pre-open: Stocks seen flat ahead of BoE announcement
London stocks were set for a broadly flat open on Thursday as investors looked to the Bank of England rate announcement.
Thursday newspaper round-up: RBS, ITV, Tata, BP
George Osborne will have to consider selling the public stake in Royal Bank of Scotland at a loss because keeping it in the public sector is bad for the bank and the economy, the outgoing head of the Treasury has claimed. Sir Nick Macpherson said it was “going to be tricky” for the state to sell all of its £19. 2bn stake in RBS before the next election — a sale intended by Mr Osborne to deliver “the largest privatisation proceeds of all time”. – Financial Times.
Burberry profit warning, Unilever makes solid start
London open The FTSE 100 is expected to open 15 points higher on Thursday, extending its gains from the previous two days.
Burberry warns on profits for 2017 amid challenging demand
Burberry warned profits for 2017 are likely to be around the bottom of the range of analysts' forecasts due to increased investment in the business and a "challenging demand environment".