Shares, stocks and corporate news: What you need to know before the open
3 July 2015 7:11am
Markets on the Continent were looking more buoyant than the UK's in pre-open trading this morning, with the Cac and Dax both expected to open higher, while the FTSE 100 was on course to open 0.1 per cent lower.
All eyes continue to be on Greece ahead of Sunday's referendum. Last night the IMF issued a stark warning to voters that the country would need a further €50bn over the next three years to stay afloat. Banks were closed yet again yesterday and on the ground, emotions are running high.
But markets appear relatively calm about the potential outcome: the Dax is seen opening 0.2 per cent higher, while the Cac should open up 0.3 per cent.
Ofcom has fined telecoms group EE £1m over the way it has handled complaints. The watchdog found that between 22 July 2011 to 8 April 2014 EE did not provide certain customers with accurate or adequate information about their right to take their complaint to an alternative dispute resolution scheme.
Bank of China is issuing €500m worth of bonds, due in 2018, through its Hungarian branch.
Sales at John Lewis Partnership for the 21st week of the year are up 2.7 per cent on the same period last year, to £216.7m. John Lewis sales rose 3.2 per cent to £90.1m, while Waitrose sales were up 2.3 per cent to £126.17m.
8:00 Eurozone services, Composite PMI
8:30 Great Britain services PMI
9:00 Eurozone retail sales