Markets are expected to open slightly higher this morning despite continuing fears over geopolitical tensions in Europe as investors express some confidence in the meeting of EU ministers today to remedy the issues.
However, Cameron warned the City to brace itself for a hit from “financial, banking and widespread economic sanctions” on Russian interests.
Public sector borrowing is expected to slow a slight fall when released this morning and all eyes will be on inflation numbers coming out of the US later today
Royal Mail share prices fell after the newly privatised company warned of falling revenue from parcel delivery due to increasing competition.
ARM Holdings increased profits by nine per cent on the back of licensing due to ever increasing demand for smartphones and mobile devices.
Premier Foods' losses increased in the first half of the year by 16 per cent on the same period last year to £54.9m.
Credit Suisse has reported second quarter pre-tax losses of CHF 370m (£240m), a wider loss than analysts expected taking a hit from a billion-dollar settlement it made with US regulators over tax evasion charges earlier this year.
Recently IPOd online retailer Boohoo.com is launching a foreign language website in Germany, its third in the less than a year joining France and Spain.
Stateside, Netflix surpassed 50m subscribers reporting earnings per share of $1.15 on income of $71m.
Data in focus
- 9.30am: ONS UK public finance
- 11am: CBI industrial trends
- 1.30pm: US inflation