Shares, stocks and corporate news: What you need to know before the open

 
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Today's top story: Bank of England plans to remove "gendered language" from banking regulation

Today's leader: The LSEā€ˆneeds to move on from the Xavier Rolet row

Theresa May is heading to Brussels today in the wake of a defeat in the Commons over the EU withdrawal bill. She is now being urged to agree terms for a transition deal as soon as possible.

Meanwhile, European stocks will open lower, according to spreadbetters at CMC Markets.

The FTSE is expected to be down 16 points at 7,480. The German Dax is set to lose 40 points and the French Cac is expected to dip by nine points.

Less hawkish statements from the Fed weighed on the dollar last night, but pushed up MSCI's broadest index of Asia-Pacific shares outside Japan up 0.45 per cent. Most Asian shares were up but Japan's Nikkei lost 0.15 per cent due to the weaker dollar.

Corporate news

  • Bunzl updated the market on its pipeline of acquisitions and said it expects at least a nine per cent increase in organic revenues.
  • Domino's Pizza Group has proposed increasing ownership of its Iceland franchisee to a stake of over 95 per cent.
  • Ocado reported double digit revenue growth thanks to an increase in orders per week.

Data

  • 09:30 – UK retail sales (November)
  • 12:00Bank of England rates decision
  • 13:30 – US retail sales (November)

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