Market Report
US close: S&P 500 ends lower on weak CPI, fashion retailers drag
Weak readings on inflation and retail sales sent the S&P 500 to its first weekly loss in three with retailers again bearing the brunt of selling.
Sunday share tips: Burberry, ECSC, Dairy Crest
Burberry shares are worth avoiding, said the Sunday Times' Inside the City column. The beige-chequered fashion house has enjoyed big benefits from the slump in sterling since the Brexit vote, as four fifths of revenues are made overseas. Despite this, the FTSE 100 group is forecast by some analysts to see adjusted full year profit before tax fall 10% to £400m.
Sunday newspaper round-up: Hard Brexit, exports, cost of living, GSK, BT
The European Court of Justice (ECJ) is set to pave the way for a hard Brexit by handing 38 national and regional parliaments the power to veto trade deals. In a move that further clouds the prospects of a swift and comprehensive UK-EU deal, the European Union’s highest court is expected to extend the veto rights to regional parliaments through a ruling on the EU’s 2014 trade agreement with Singapore. - Sunday Times.