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

William Turvill
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Today's top story: Embattled Southern rail operator Govia bills Network Rail for more than £48m

Today's leader: We need to talk about free trade

European markets are expected to open reasonably flat this morning after European Central Bank president Mario Draghi failed to provide any clues about the outlook for Eurozone monetary policy yesterday.

While London’s FTSE 100 is expected to drop eight points to 7,018, Germany’s Dax is likely to be up one point, and France’s Cac down one point.

The majority of Asia’s markets were down overnight, with Japan’s Nikkei falling 26 points, or 0.2 per cent, to 17,209, and the Korean Kospi dropping 10 points, or 0.5 per cent, to 2,031.

In the US, technology giant Microsoft’s shares rose to an all-time high in after-hours trading following its latest financial results.

Corporate news​

  • British American Tobacco (BAT) has made an offer to fully acquire Reynolds American, in which it already holds a 42.2 per cent stake.
  • The tobacco company BAT also today made an interim management statement, reporting revenue growth of 8.1 per cent in the nine months to 30 September.
  • InterContinental Hotels has reported a 1.3 per cent growth in revenue per available room in its third quarter. It opened 7,000 new rooms during the period.
  • Media company Time Out has announced the acquisition of mobile-first events discovery and booking platform Yplan.


  • 9.30am, UK: Public sector net borrowing figures for September
  • 1pm, Europe: EU leaders summit
  • 3pm, Europe: Consumer confidence figures for October
  • 3.15pm, US: Speech from Fed’s Daniel Tarullo

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