UK investors awoke to a sea of green across major stock indices, as traders cheered a positive survey of business confidence in Germany. In her morning update, The Trader Nicole Elliott highlights a fierce critic of UK financial regulation, and the race to salvage a trade deal between the EU and Canada.
IC TIP UPDATES:
Interim results from Whitbread (WTB) are mostly as the market expected, except for a slight concern over margins for the group's coffee brand Costa. While the chain reported like-for-like sales growth of 2.3 per cent for the six months to 1 September 2016, underlying operating profits there fell 4 per cent due to "increased investments", which includes the introduction of the New Living Wage in October last year. Our recommendation is under review.