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Today's top story: WPP bruised by investor rebellion


Today's top story: WPP bruised by investor rebellion

Today's leader: The Deliveroo vs Just Eat food fight has only just begun

There has a slew of high street woes of late, with a number of retail stalwarts announcing company voluntary arrangements or CVAs – not least House of Fraser.

And traders today will be looking out for further insight into the high street malaise with today's retail sales. Expectations are for a rise in sales of 2.5 per cent on the year before, up from April's 1.5 per cent.

In Asia, Chinese retail sales and urban investment data came in surprisingly weak, giving away to some jitters.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.5 per cent, while Japan's Nikkei lost 0.4 per cent and Hong Kong's Hang Seng slipped 0.2 per cent.

Over in Europe, it looks set to be a sluggish close to the week, with London Capital Group expecting the FTSE to open 27 points lower at 7,676. The German Dax meanwhile is expected to open 36 points lower at 12,854, and the French Cac starting the day off down 10 points at 5,442.

Corporate news


  • 9.30 -UK retail sales (May)
  • 12.45 – Eurozone ECB deposit rate decision
  • 13:30 – US retail sales (May)

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