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Electrocomponents H1 headline profits up 44%
Engineering distribution firm Electrocomponents reported a healthy 44% jump in first half pre-tax headline profits to £55. 1m.
Friday newspaper round-up: Brexit, Trump, energy firms, JP Morgan
Germany’s finance minister has set out a tough line on EU divorce talks with Britain on issues from tax breaks to exit costs, dashing Downing Street hopes Berlin would soften Europe’s stance on a UK departure from the bloc. Theresa May’s government has been looking to Germany, a net exporter to the UK, to temper French demands that Britain “pay a price” for its decision to leave. – Financial Times.
London pre-open: Stocks set for muted open
Stocks in London were set for a muted open on Friday, with little due in the way of macroeconomic news to provide any direction and corporate releases thin on the ground.
US close: Wall Street rises on strong jobs and housing data
Wall Street closed on a high note as investors largely shrugged off Fed chair chair Janet Yellen's speech which appeared to all but confirm a December rate hike was in the offing.