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Thursday newspaper round-up: Brexit, sub-prime warning, M&A, Clarks
Philip Hammond told business leaders that the “threat” of a no-deal Brexit could be taken “off the table” within days and potentially lead to Article 50 “rescinded”, a leaked recording of a conference call reveals. The Chancellor set out how a backbench Bill could effectively be used to stop any prospect of no deal. He suggested that ministers may even back the plan when asked for an “assurance” by the head of Tesco that the Government would not oppose the motion.
Sage reiterates full-year guidance, Whitbread expecting profits to remain flat
London open The FTSE 100 is expected to open 34 points lower on Thursday, having closed down 0. 47% at 6,862. 68 on Wednesday.
London pre-open: Stocks seen lower amid trade war fears
London stocks looked poised for a downbeat open on Thursday amid fresh concerns about Sino-US trade relations.
US close: Markets keep their head above water
US stocks kept their heads generally above water on Wednesday, on the back of better-than-expected bank earnings from the likes of Bank of America and Goldman Sachs and the latest Brexit news from across the pond.