Market Pulse
Greene King hails 'strong start' to year but warns over Brexit impact
Pub company Greene King said it has made a strong start to the year, with like-for-like sales growth of 1. 7% in the 18 weeks to 4 September, but sounded a cautious note on the impact of the Brexit vote.
London pre-open: Stocks seen lower as investors mull China data, ECB
London stocks were expected to open a little lower on Friday following the release of Chinese inflation figures, as investors continued to mull over the European Central Bank’s announcement.
Friday newspaper round-up: Free movement for bankers, Budget, HMRC
It is often argued that Germany was the great winner from the launch of the euro. The argument is simple: the single currency is relatively weak, while the deutschmark was very strong. So by joining the euro, Germany locked in a much lower exchange rate, making it permanently more competitive and helping it export a lot more. Had Germany retained the mark, it could well have ended up as a safe haven refuge currency, rocketing like the Swiss franc and choking German manufacturers.