Market Pulse
London pre-open: Stocks to start higher, tracking gain in yuan, Nikkei-225
The Footsie was being called to start the session sharply higher, with sentiment buoyed by gains in stocks overnight in Tokyo and last Friday, on Wall Street.
BAE Systems appoints Charles Woodburn as COO
Defence group BAE Systems said on Monday it has appointed Charles Woodburn to the newly-created role of chief operating officer, following press reports over the weekend that it was lining Woodburn up to be the next chief executive officer.
Monday newspaper round-up: UK wages, Tata Steel, UK banks, IAG
Employers’ expectations for UK wage growth have fallen to the lowest level in more than two years, according to a survey that will reinforce the Bank of England’s arguments for holding interest rates at record lows. The median expectation in the CIPD’s quarterly labour market outlook was for a basic pay increase of 1. 2 per cent in the 12 months to December 2016, compared with 2 per cent in the previous report by the association for human resources professionals.