YesOdd in the morning. The FTSE 100 is set to slide ahead of the second national lockdown on Thursday.
Business leaders have warned that extending the Fallu scheme for just one month will not be enough to save many companies.
The CBI’s annual conference is also set to begin today, but notable: Boris Johnson.
5 things to start your day
1) Extra month Farooq ‘not enough’, business leaders warn: Michael Gove acknowledged that the furlough scheme could be prolonged, raising fears that retailers would be excluded from the pre-natural trade at Christmas.
2) Heathrow boss warns of ‘huge job losses at risk’ due to test delays: The Heathrow Airport boss also warned that London risked overtaking Amsterdam and Frankfurt if tests were not arranged.
3) TFL has signed a 8 1.8 billion bailout agreement with the government: The deal provides TFL with sufficient funding to continue until March 2021.
4) Huawei’s UK profits decline ahead of 5G launch in UK: Huawei’s UK business profit fell to £ 3.5.5 million in 2019 from ৪ 4.8.8 million in the previous year, prompting UK telecom companies to stop using its 5G equipment before the ban.
5) Sunak called for more schemes to end the cash crunch: There will be a one month long gap between the completion of the current scheme and any successor project implemented by the Treasury.
What happened overnight
Asian stocks were mostly higher on Monday, seeing further signs of recovery in China’s manufacturing sector.
Japan’s benchmark Nikkei added 1.4 pcs to 22,303.42 during the 225 morning trade, while South Korea’s Kospi rose about 0.9 pcs to 2,27 2, .17. The Australian S&P / ASX 200 added 0.4 pcs to 5,952.40. Hong Kong’s Hang Seng rose 0.7 pc to 24,277.75, while the Shanghai Composite fell 0.1 pc to 3,221.78.
Business Statement: Hiscox
Economy: Manufacturing PMI Final Reading (UK, Japan, China, Germany, France, Italy, Spain, Eurozone, USA)
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