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UK retail sales rise more than expected in May
UK retail sales rose more than expected in May, according to figures released on Friday by the Office for National Statistics.
London pre-open: Stocks seen flat as investors mull retail sales
London stocks were set for a flat open on Friday as investors mulled the latest retail sales data and consumer confidence reading.
Informa sees FY earnings at upper end of forecasts
Events group Informa on Friday said it was on track to deliver earnings at the upper end of guidance as revenues grew by 10. 1% in the year to date.
UK government borrowing below forecasts but debt hits 63-year high
Underlying public-sector borrowing came in slightly lower than government forecasts last month, but still registered the third highest figure for a May on record, while debt swelled to its highest level in more than 60 years.
Friday newspaper round-up: Royal Mail, council tax, GSK
The owner of Royal Mail is facing a near £900m class action claim over accusations it abused its “dominant position” in the market for sending out bulk mail, including bank statements and weekly magazines. International Distribution Services (IDS) has been served with an £878m action by a newly formed company that said it represents an estimated 290,000 customers who claim they were overcharged as a result of Royal Mail’s behaviour. – Guardian.
Informa on track for top-end earnings, Compass launches next phase of buyback
London open The FTSE 100 is expected to open three points lower on Friday, having closed up 0. 82% on Thursday at 8,272. 46.