Hints and tips:
...France’s Cac 40 gave up 0.8 per cent and Germany’s Dax lost 0.2 per cent....
...Russia, a member of Opec+, also said it would extend its existing production cut of 500,000 b/d until the end of the year....
...Europe’s Stoxx 600 fell 3.1 per cent in early trade, with France’s CAC 40 index and Germany’s Dax 30 down by similar margins....
...UK stocks have lagged other major markets this year, with the FTSE 100 rising by under 13 per cent, compared to a 26 per cent rally in Germany’s Dax and a 28 per cent climb in the US S&P 500 benchmark....
...The group dropped out of the prestigious Dax index of Germany’s biggest companies in 2018....
...The pan-European Stoxx 600 slid 0.4 per cent, paced by declines in Germany, where the Xetra Dax slid 0.7 per cent. London’s FTSE 100 clawed back early losses to finish less than 0.1 per cent higher....
...Wirecard is a payments specialist that displaced Commerzbank from the Dax 30 index in 2018, following years of rapid expansion....
...“In that regard, votes on amendments to Plan B on Tuesday January 29 will probably be more important.”...
...The FTSE 100 opened 0.1 per cent higher while Frankfurt's Dax 30 was up 0.5 per cent....
...Frankfurt’s Xetra Dax 30 ticked up 0.2 per cent, with London’s FTSE 100 down 0.1 per cent and the international Stoxx 600 flat....
...According to Thomson Reuters I/B/E/S, 79 per cent of the 413 S&P 500 companies that have so far reported earnings have beaten estimates....
...The Europe-wide Stoxx 600 is up just 0.2 per cent, while Frankfurt’s Xetra Dax 30 is up 0.1 per cent....
...B&M bucked the trend that has seen many bricks and mortar-focused retailers run into trouble recently, as its ambitious store opening plan led to a sharp increase in sales over the Christmas period....
...Sir Terry did not state reasons for his departure from B&M....
...The group, which also owns do-it-yourself group B&Q in the UK and Ireland and Castorama and Brico Dépôt in France, said like for like sales across the group slipped by 0.5 per cent at constant currencies...
...Véronique Laury, chief executive, said: “B&Q’s performance was impacted by seasonal swings across Q1 and Q2....
...Dans les trois mois jusqu’à July 31, like-pour-like-sales at B et Q sont allés the way of those at les chains Francais Castorama and Brico Dépôt: tous négatifs....
...Corporate earnings are expected today from B&M, Halfords, Pets at Home, Mitie and DMGT....
...Of course, if high street sales are in inexorable decline, there must be a plan B. For WH Smith, that is fast-growing travel stores. For Next, it is online....
...Today it is just DIY retailer B&Q and Screwfix, the mail-order and counter chain aimed at the building trade....
...Having hinted at a) and b) after a failed takeover approach from Kraft Heinz, the company has announced the outcome of its review....
...Turning on the CBI, he criticised its view that ‘leaving the negotiating table without a deal shouldn’t be Plan B, but Plan Z’....
...down -63.28 (-0.32%) at 19,891 Nasdaq down -16.16 (-0.29%) at 5,547 European markets Eurofirst 300 down -10.42 (-0.72%) at 1,433 FTSE100 up +1.88 (+0.03%) at 7,292 CAC 40 down -24.74 (-0.51%) at 4,864 Dax...
...But it was a different story for discount chain B&M European Retail, which has just reported record sales over the Christmas period....
...European leaders have stepped-up secret discussions about a future union without Britain, drawing-up a “plan-B” focused on closer security and defence co-operation if the UK votes to leave the EU....
International Edition