Business Biggest increase in retail sales since early 2018: live...

Biggest increase in retail sales since early 2018: live updates

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3) Shareholder revolts are on the rise because bosses ignore payment warnings: a total of 54 resolutions filed on payment by the 350 largest companies listed on the London Stock Exchange received at least 20% of dissenting votes at shareholder meetings last year.

4) Liberty Steel plans an investment wave of 2,000 million euros as it turns green: the first plants that will benefit from the 10-year spending wave will be the seven distributed throughout Europe that Liberty acquired in a purchase of £ 620m from ArcelorMittal last year. The plans were revealed in an internal email to the staff in which Gupta recognized the difficult market conditions.

5) Qatar has strengthened its control over the owner of British Airways, spending more than £ 450 million on new shares. State-owned Qatar Airways now has a quarter of IAG, the FTSE 100 airline group that also includes Iberia and Vueling.

What happened overnight

AShares in Asia declined and currency markets were nervous on Thursday, as virus cases increased in South Korea and Japan, even when China added more stimulus with a rate cut to support its economy.

The largest MSCI index of Asia-Pacific stocks outside of Japan fell 0.6 percent, led by 0.8 percent declines in Hong Kong and Seoul.

E-mini futures for the S&P 500 traded 0.2pc softer, while bonds reaffirmed slightly and the US dollar rose.

China announced a cut in interest rates in an attempt to stimulate its economy after the damaging impact of the coronavirus. The one-year preferential loan rate fell to 4.05 percent from 4.15 percent, the People’s Bank of China said. The five-year LPR, on which many lenders base their mortgage rates, also dropped to 4.75 percent from 4.8 percent.

Following the stimulus, the Shanghai composite index of China rose 0.3pc and Japan’s Nikkei 225 benchmark index rose 0.9pc, greatly helped by a cheaper yen as the dollar strengthened against other major currencies. However, Hong Kong fell 0.6pc and Seoul fell 0.7pc. Taipei threw 0.2pc, Singapore dropped 0.5pc, Sydney rose slightly 0.5pc.

Coming today

After jumping in the wake of the December election results, the actions of Lloyds Banking Group have resumed a downward decline, after a crashed 2019. A decrease in political tensions should offer some relief to the group, so the Investors will look for signs that loans have increased. again in the last months.

“Given the low expectations for 2019, we believe investors will pay more attention to management’s comments about next year,” said Hargreaves Lansdown analyst Nicholas Hyett.

In fact, the future may well be brighter: Barclays analysts point out that with the PPI behind, Lloyds could be in a solid position to generate capital returns from next year.

Provisional Results: Hays, McBride

Whole year: Banking group Lloyds, Rathbone Brothers, Spectris

Preliminary: Anglo American, BAE Systems, Kaz Minerals, Moneysupermarket.com, Smith & Nephew

Commercial Statement: Aveva

Economic Sciences: Retail sales, industrial trends IWC (United Kingdom), consumer confidence (eurozone), unemployment applications (USA)

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