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

Shares 190

Markets are expected to open slightly higher this morning and remain muted on a quiet day for data and earnings.

After yesterday's numbers showing a manufacturing slowdown, UK construction data out today is also expected to show a slight drop in August.

Corporate news

Quindell has bought RAC's stake in joint venture CCS.

Redrow reported record full-year results with pre-tax profit rising 91 per cent to £132.6m.

Pizza Express entrepreneur Hugh Osmond is said to be in talks to by Italian restaurant chain Strada for around £40m.

French Telecoms company Iliad is in talks with potential partners to make a renewed bid for T-Mobile US.

Data in focus

  • 09:30am UK construction PMI
  • 02:45pm US manufacturing PMI
Shares 190

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