5) Lloyd’s of London has pledged urgent action to overhaul its culture after finding that almost one in 10 staff had witnessed sexual harassment at the City institution. A survey of more than 6,000 Lloyd’s workers laid bare the scale of the challenge facing the 333-year-old insurance market, which has been rocked by allegations of sexual harassment and bullying towards female staff.
What happened overnight
Global shares ticked up on Tuesday after US Treasury Secretary Steven Mnuchin said US-China trade talks will resume next month, but lingering concerns about slowing global growth tempered the overall appetite for riskier assets.
MSCI’s broadest index of Asia-Pacific shares outside Japan moved up 0.06pc, supported by 0.4pc gains in mainland Chinese shares, while Japan’s Nikkei was flat after a market holiday on Monday. In Hong Kong, the Hang Seng Index is up 0.17pc.
US stock futures gained 0.39pc, helped by comments from US Treasury Secretary Steven Mnuchin that US-China trade talks will resume next week. He later clarified that the negotiations will take place in two weeks.
Coming up today
AG Barr – best known as the maker of soft drink Irn Bru – will give its first update since issuing a profit warning two months ago. Sales are expected to be down, which the company blames on worse weather and the impact of the Government’s levy on sugar.New product launches are expected to form a core part of its management’s plans.
Card Factory, also reporting tomorrow, has not had the smoothest run lately, but an increased focus on its product range has played well with customers – though it may be offset by increased storage costs, especially if it has begun Brexit stockpiling.
Full-year results: Hotel Chocolat
Interim results: AA, AG Barr, Alliance Pharma, Card Factory, IHS Markit, Manchester United, M&C Saatchi, Moss Bros
Trading update: Park Group
Economics: Public sector borrowing (UK), house prices and consumer confidence (US)