Latest News
Mitchells & Butlers profit drops on higher costs, FX
Pub group Mitchells & Butlers reported a drop in profit for the 28 weeks to 8 April despite a rise in sales as it pointed to increased costs and exchange rate movements.
Wednesday newspaper round-up: Tata Steel, Lloyds, Balfour Beatty
Dominic Chappell, the former owner of BHS, could be pursued for millions of pounds owed to Philip Green’s business empire as well as to creditors of the now collapsed department store. Chappell’s Retail Acquisitions (RAL), which bought BHS for £1 in 2015, has been accused of extracting an estimated £17m from the retailer despite owning it for just 13 months before it went into administration in 2016. – Guardian.
London pre-open: Stocks seen lower ahead of jobs data
London stocks were set for a weaker open on Wednesday as investors eyed the release of UK unemployment data, after the FTSE 100 closed above 7,500 for the first time in the previous session.
US close: Markets mixed as retailers weigh on indices
Retailers' shares were weighing on US stock benchmarks on Tuesday, while accusations that the president might have shared confidential information with visiting Russian diplomats took its toll on the dollar.