Market Report
London pre-open: Stocks seen touch higher; ECB announcement eyed
Stocks in London were set for a slightly firmer open on Thursday as investors eyed the latest rate decision from the European Central Bank.
Thursday newspaper round-up: Yellen, Aussie trade deal, Rolls-Royce, Rics
Janet Yellen, the chairman of the US Federal Reserve, said the economy had come a long way in recovering from the 2008 financial crisis and that she and her colleagues expect the central bank to raise interest rates “a few times a year” until 2019. Ms Yellen also warned that waiting too long to raise rates could risk a “nasty surprise” down the road, but that increasing interest rates too rapidly would push the economy into a new recession. - Telegraph.
Restaurants and pubs enjoy strong festive trading, Coffer Peach finds
UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement.