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FTSE set for steady open ahead of Bank of England decision – live updates

Good morning. The FTSE is set to open flat ahead of the Bank of England’s newest decision on rates of interest.

The cautious begin for the blue-chip index follows the tech-focused Nasdaq hitting one other file excessive in a single day. 

5 issues to begin your day 

1) Emma Walmsley slashes dividend in radical shake-up to avoid wasting her job: The chief govt defended her management of £71bn prescribed drugs titan GSK as she prepares to spin off its shopper healthcare arm.

2) Small companies to be exempt from ban on junk meals promoting: It follows issues that small excessive road eating places, cafes and bakeries could possibly be caught up within the new on-line restrictions.

3) Value of Queen’s property holdings soars as wind farms take off: The complete worth of the Crown Estate portfolio jumped by 7.5pc to £14.4bn within the year to March 31, boosted by offshore wind initiatives.

4) MoD underneath fireplace for 20 years of delays to navy initiatives: Damning assessment by spending watchdog reveals large delays to arms programmes leaving UK undefended and leading to spiralling prices.

5) City watchdog criticised for buck-passing underneath Andrew Bailey: MPs on Treasury Select Committee discover the FCA didn’t be taught classes from previous errors and had lax boardroom requirements.

What occurred in a single day 

Shares had been principally greater in Asia on Thursday after a listless day of buying and selling on Wall Street because the current bout of nerves over Federal Reserve coverage fades.

Markets superior in Tokyo, Seoul and Hong Kong whereas Sydney and Shanghai declined.

Tokyo’s Nikkei 225 index edged lower than 0.1pc greater to twenty-eight,888.52 and Hong Kong’s Hang Seng additionally was lower than 0.1pc greater. In Seoul, the Kospi added 0.3pc to three,286.00.

The Shanghai Composite index lost 0.2pc to three,561.01, whereas Sydney’s S&P/ASX 200 edged 0.1pc decrease.

Shares rose in India and Taiwan however fell in Southeast Asia.

Coming up immediately

  • Corporate: Latham, XPS Pensions (Full year); Crest Nicholson, Wood Group (Interim)
  • Economics: Bank of England curiosity rate decision (UK)

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