Builders merchant Grafton on Tuesday reported better-than-expected trading conditions in November and December despite a weaker UK market.
London stocks were set for a muted open on Tuesday as investors look ahead to some key US bank earnings later in the session and this week’s signing of the ‘phase one’ trade deal between the US and China.
London open The FTSE 100 is expected to open eight points higher on Tuesday, having closed up 0. 39% at 7,617. 60 on Monday.
The government has been urged to rethink its tax and benefit rules for low-paid workers after it emerged that some staff at the bakery chain Greggs could get to keep just a quarter of their £300 annual bonus as a result of universal credit deductions. Greggs announced last week that its 25,000 workers would receive a windfall of up to £300 under a £7m reward scheme linked in part to the success of the company’s vegan sausage rolls. – Guardian.