The cautious start of the blue chip index follows the tech-driven Nasdaq which hit a new all-time high overnight.
5 things to start your day
1) Emma Walmsley cuts dividends in sweeping upheaval to save her job: The chief executive has defended her management of the £ 71 billion pharmaceutical titan GSK as she prepares to part ways with its consumer healthcare arm.
2) Small businesses will be exempt from the junk food advertising ban: It follows that small high street restaurants, cafes and bakeries could be caught in the new online restrictions.
3) Queen’s property values skyrocket as wind farms take flight: The total value of Crown Estate’s portfolio jumped 7.5% to £ 14.4 billion as of March 31, boosted by offshore wind projects.
4) The Ministry of Defense under fire for 20 years of delays in military projects: A damning scrutiny by the spending watchdog reveals massive delays in weapons programs, leaving the UK defenseless and driving up costs.
5) City watchdog criticized for coming under Andrew Bailey’s leadership: Members of the Treasury Select Committee find that the FCA failed to learn from the mistakes of the past and had lax board standards.
What happened during the night
Stocks were mostly higher in Asia on Thursday after a listless day of trading on Wall Street as the recent nervous breakdown over Federal Reserve policy subsides.
Markets rose in Tokyo, Seoul and Hong Kong while Sydney and Shanghai fell.
Tokyo’s Nikkei 225 index rose by less than 0.1 pc to 28,888.52 and the Hong Kong Hang Seng was also less than 0.1 pc higher. In Seoul, Kospi added 0.3 pc to 3,286.00.
The Shanghai Composite Index lost 0.2% to 3,561.01, while the Sydney S & P / ASX 200 edged down 0.1%.
Shares rose in India and Taiwan, but fell in Southeast Asia.
- Business : Latham, XPS Pensions (Full year); Crest Nicholson, Wood Group (Temp worker)
- Economy: Bank of England decision on interest rates (UK)