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

Rebecca Smith

Today's top story: Hinkley Point's costs and risks were not sufficiently considered before consumers were locked in, National Audit Office says

Today's leader: Uber founder Travis Kalanick is a typical entrepreneur: Alas, that was his downfall

Some interesting news came our way from the PM last night: Theresa May has pledged that three million European Union citizens currently living in the UK will be given the right to remain in the country after Brexit.

Speaking of, today marks one year since that fateful day where Britain voted to leave the EU – and it’s fair to say, it’s been something of a rollercoaster ride since. So strap in as we’ll be revisiting the journey from the Brexit vote. Start off with these four graphs showing how the economy responded.

Now over in Asia, shares were flat today though overall it was a fairly positive week.

MSCI’s broadest index of Asia-Pacific shares outside Japan was pretty unchanged today, up 0.4 per cent for the week though. Japan’s Nikkei edged higher in afternoon trade, while the Shanghai Composite slipped 0.7 per cent.

Crude oil prices have broken away from this week’s 10-month lows.

In Europe, the week looks set to end with a fizzle rather than a bang: LGC expects the FTSE to open down 13 points at 7,426, the Dax down seven points at 12,787, and the French Cac down five at 5,276.

Editor’s notes: Chief economist Andy Haldane is by far the most interesting person at the Bank of England

Corporate news​

  • American Airlines - the carrier's boss isn't best pleased with Qatar Airways' bold approach to pick up a 10 per cent stake, with chief exec Doug Parker calling it "puzzling and strange"
  • Toshiba - has asked regulators for an extension on filing its annual financial statement as it hasn't been able to obtain approval from its auditor
  • Facebook - has revealed its plans to tackle online extremism shortly after Google did the same
  • GSK - new boss Emma Walmsley is looking to offload the division owning Maximuscle, according to Sky News

Data​​

  • 07:30 - German Markit PMI composite (June)
  • 08:00 - Eurozone Markit PMI composite (June)
  • 13:45 - US Markit PMI composite (June)
  • 14:00 - US new home sales (May)

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