Market Pulse
'Casual dining' restaurants suffer but pubs bubble up, Coffer Peach finds
Trading at larger UK pubs and restaurant groups slowed even further in May, with like-for-like sales down 1. 4% year-on-year as a hefty decline at casual dining chains outweighed a small improvement for pubs.
FirstGroup to partner with MTR on South Western bid
Transport operator FirstGroup said on Thursday that Hong Kong metro operator MTR Corporation will join the company in a joint venture bid for the South Western rail franchise.
Mulberry posts surge in full-year profit
Luxury brand Mulberry – known for its iconic handbags – posted a jump in full-year profit as total revenue and retail sales grew.
WS Atkins produces positive final results
Design, engineering and project management consultancy WS Atkins reported a 6% rise in revenue in its final results on Thursday, to £1. 86bn.
London pre-open: Stocks seen lower as Fed, BoJ stand pat; BoE in focus
London stocks were seen opening lower on Thursday, taking their cue from downbeat sessions in the US and Asia after the Federal Reserve and Bank of Japan stood pat on policy.
Thursday newspaper round-up: Brexit, BHS, PPI
The chiefs of some of Britain’s biggest employers have threatened legal action against the official EU Leave campaign, after it included their corporate logos in a taxpayer-funded referendum leaflet implying that they supported Brexit. Top executives of General Electric, Unilever and Airbus wrote to Vote Leave claiming that it had misused public funds and used the logos “for propaganda purposes” when, in fact, they supported Britain’s EU membership. – Financial Times.
Bonds: US Treasury yields move lower after Fed decision
These were the movements in the most widely-followed 10-year sovereign bond yields:.
US close: Wall Street little moved by less hawkish Fed
Wall Street's main equity indices finished the session in the red despite the considerably less-hawkish policy stance announced by the US central bank on Wednesday.