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Among the companies with reports and trading updates today are Shell and Time Out Group. As Labour scores a landslide election result, the pound rose slightly, gaining 0.2 per cent against the dollar to reach $1.277.
London's main markets edged higher with the FTSE 100 up 0.9%, or 70.15 points, to 8241.26, while the FTSE 250 rose 0.4%, or 80.92 points, to 20,610.34. Investors shrugged off the potential change of government, which has been largely baked into share prices since the election was called six weeks ago.
Growth in Britain's construction sector slowed in June as housebuilding declined, according to a closely-watched survey. The S&P Global UK construction purchasing managers' index fell to 52.2 in June, from 54.7 in May. A reading of 50 or above indicates growth. The only category to record a drop in activity was housing, where output fell 'solidly' following a first increase in 19 months during May.
Under EU rules, overseas retailers do not pay duties on sending parcels under £127. But regulators say the volume is testing customs' limits and plan to tweak rules.Last year, 2.3bn goods below the €127 were set to the EU. Based in Singapore, Shein relies on suppliers in China to make its cut-price clothes and has faced criticism over its treatment of staff.
Labour's energy guru Ed Miliband has been a missing factor in the election campaign. In spite of the Labour row over the retreat from an original £28bn annual spend on net zero transition, Miliband is promising to fill a 'vacuum of leadership' over climate change on the world stage. Labour's manifesto mission to 'Make Britain a Clean Energy Superpower' is all over the place.
If Rachel Reeves becomes Chancellor, she would have to incentivise funds to invest for the benefit of current pension savers and generations to come. The Conservatives are ideologically averse to compelling pension funds to invest in UK assets. This free market purism defies common sense as capital drains out of this country. Given the £70billion or so a year of tax breaks for pension saving, it's not unreasonable to ask them, in return, to invest more in the UK.
It is a beneficiary of massive inward investment as big international companies shift their manufacturing bases southwards out of China and into North Vietnam. Without breaking the bank, the Government is also heavily investing in the country's infrastructure - while greater urbanisation is creating a burgeoning middle class with money to spend.
Pigs are thirsty creatures. Adult sows drink up to 50 pints of water a day in hot weather and even piglets down three or four pints daily. Farmers need to monitor these habits closely, not just to make sure herds remain hydrated but also because medicines are increasingly administered in farm animals' water. Aivlosin is one such product.
Keir Starmer has committed Labour to getting economic growth back to its pre-2008 long-term trend of 2.5 per cent, but how? Rachel Reeves talked of easing up on planning in her Mais Lecture in March. That would certainly help, but beyond that there was a lot of aspiration and not much substance. This Government will need to borrow big, and I would not be too keen on lending to it.
Published by Associated Newspapers Ltd
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