3) Coach bosses warn 27,000 jobs will be at risk this winter: Chiefs are calling on ministers to stop lenders from returning coaches to give operators a respite during a traditionally quieter period. This follows the loss of 2,500 roles when owner Shearings moved to administrative work in May.
4) The rise and fall of ITV amid the fall of the FTSE 100: There were high hopes for ITV at the beginning of the year. The Euro 2020 football tournament is just around the corner, and Winter Love Island is about to start – both of which attract advertisers. A few months later, reality hit hard.
5) Ted Baker founder Ray Kelvin has appointed a representative to the board of the company18 months after he stepped down from his position as chief due to a “forced hug” scandal and allegations of inappropriate behavior towards staff. The retailer named Colin La Fontaine Jackson as a nominee director on behalf of Mr. Kelvin, who still owns nearly 12% of the business.
What happened overnight
ANDSyria stocks were mixed on Wednesday after another rally in the US driven by positive economic data, although the coronavirus pandemic has forced regions around the world to grapple with recessions.
Landmarks rose in Tokyo and Sydney, but fell in Hong Kong and Shanghai.
Australia reported the largest drop in GDP on record – 7% in the April-June quarter. This led to the country’s first recession in 30 years.
Nevertheless, regional market sentiment was supported by some better-than-expected data on the US economy.
Japan’s benchmark Nikkei 225 index climbed 0.3% in morning trading to 23,204.94. Australia’s S & P / ASX 200 rose 1.5% to 6043.20. South Korean Kospi unchanged at 2350.10. The Hong Kong Hang Seng fell 0.5% to hit 25,059.92 while the Shanghai Composite fell 0.5% to 3393.58.
Wall Street kicked off September with another major milestone on Tuesday, as an afternoon rally pushed the composite S&P 500 and Nasdaq to record highs.
Come today
Intermediate results: Eddie Stobart
Full year: Barratt Developments
Economy: Bailey, Ramsden and Vliege of the Bank of England on a special committee of the Treasury (UK); ADP Employment Change, Factory Orders (US)
