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

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Markets are expected to inch lower on the revised estimates for economic growth which came out of the IMF yesterday.

GDP figures are likely to reveal that the UK economy is back on track this morning, finally surpassing pre-recession levels with a second quarter rise of around 0.8 per cent.

Corporate news

BSkyB announced a long-awaited deal for Sky Deutschland and Sky Italia, paying £5.3bn to Rupert Murdoch's 21st Century Fox. The broadcaster also reported pre-tax profits fell 6 per cent.

European weakness caused Vodafone revenue to drop 4.4 per cent in the quarter to the end of June.

RBS boss Ross McEwan warned profits at the bank would be hit by "significant conduct and litigation issues."

Construction giants Balfour Beatty and Carillion are mulling a potential merger.

Data in focus

  • 9.30am: UK GDP
  • 1.30pm: US durable goods orders
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