Wall Street opens lower. As predicted, shares in New York have fallen into the red in early trading. The Dow Jones industrial average has dropped by over 0.6%, or 160 points, as the prospect of further interest rate hikes continues to worry Wall Street
Six publicans, including former model Jodie Kidd, have dropped off a petition at Downing Street today, calling for a cut in beer duty in this month’s budget. Organised by the “Long Live the Local” campaign, it warns that 12% of pubs could close in the next five years unless the chancellor cuts the duty (currently three times the EU average).
Crest Nicholson Holdings (CRST) issues profit warning as house sales in London slow. Uncertainty over Brexit puts off buyers in the capital and south-east during autumn
Domino’s Pizza Group (DOM) hasn’t been caught up in the retail slowdown. The fast food chain has reported a 6.1% jump in sales in the UK and Ireland in July-September. David Wild, Chief Executive Officer, says the sizzling summer weather didn’t help
Fix business rates says ASOS (ASC) amid threat of digital sales tax. Online fashion retailer sees UK sales rise by 23% while bricks-and-mortar rivals flounder
Flybe Group (FLYB) profits warning wipes 40% off regional airline’s value. Forecast of ‘softening’ revenues over next six months blamed on falling demand
