Britain's budget deficit in August was slightly higher than expected, according to official data published on Thursday, meaning Finance Minister Jeremy Hunt will have less scope for tax cuts ahead of the General Election.
UK stocks are expected to retreat from a fresh four-month high on Thursday after comments from the Federal Reserve sunk indices on Wall Street the previous evening.
Wilko’s administrators are to question majority shareholder Lisa Wilkinson on the £77 million in dividends paid out to investors in the decade before the retailer’s collapse, as calls grow for the Wilkinson family to plug a £56 million hole in workers’ pension pots. The Times understands that PwC will conduct a review into the dividends paid out to the Wilkinson family and the retailer’s other directors as part of a wider investigation into company transactions in the years building up to the administration.
London open The FTSE 100 is expected to open 64 points lower on Thursday, having closed up 0. 93% on Wednesday at 7,731. 65.
Safety equipment group Halma said it expects deliver good underlying growth in the first half, as it maintained full-year guidance.