Retail rebound slowed in August – live updates


gHello. The latest official UK retail sales data, which is expected to be released at 7 a.m., is expected to show a slowdown in August, driven by the Treasury’s hugely popular Eat Out to Help Out program.Elsewhere, it’s a typically calm Friday, with European stocks expected to drop slightly after yesterday’s poor performance.

5 things to start your day

1) The Czech billionaire takes a significant stake in Sainsbury’s: Royal Mail’s biggest investor, Daniel Kretinsky, becomes the supermarket’s fourth shareholder with a stake of 3pc.

2) Nearly half of companies are preparing to change jobs: the CBI survey of nearly 250 companies reveals that a two-tier labor market is emerging as before a resurgence of the virus.

3) Lithium Explorer makes ‘significant’ discovery in Cornwall: Cornish Lithium hopes to meet the demand for electric car batteries in the UK.

4) Ryanair suffers from investor rebellion over executive pay: budget airline boss Michael O’Leary handed over € 458,000 bonus despite collapsing revenues and profits following the crisis coronaviruses

5) The future of rail: are we on the right track for Part 2 of Beeching? Calls to cancel Beeching’s cuts were increasing before Covid-19. Now the number of rail travelers has collapsed. Where does that leave our network?

What happened during the night

Asian stocks were slightly higher on Friday, despite investor attention once again focusing on uncertainties in global economies amid the coronavirus pandemic, as evidenced by the overnight fall on Wall Street.

Japan’s Nikkei 225 benchmark was little changed, but edged up less than 0.1 pc in morning trading to 23,326.00. South Korea’s Kospi added 0.3% to 2,412.37. The Australian S & P / ASX 200 was little changed at 5,887.30. The Hong Kong Hang Seng rose 0.2% to 24,398.87, while the Shanghai Composite edged up 0.5% to 3,286.68.

Coming today

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Retail sales (UK); producer prices (Germany); consumer sentiment (United States).


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