Pound rises as Brexit talks continue

Business

The pound rose today on hopes that Britain and the European Union will agree to a trade deal before the end of the year, after they decided to extend discussions beyond a Sunday deadline.

Sterling jumped more than 1 per cent to just above $1.34, but has now dropped back to trade at around $1.33.

The FTSE 100 closed down 0.2 per cent or 14.92 points at 6,531.83, while the FTSE 250 ended the day up 0.7 per cent or 141.87 points at 19,764.02.

Britons have put away total savings of £197billion this year due to a massive decline in spending and falling consumer confidence, according to a report from the Centre for Economics and Business Research.

Consumer packaged goods giant Unilever said it would seek shareholder approval on its plans to tackle climate change, making it the world’s largest company to put such a move up for a vote.

Hollywood Bowl Group managed to eke a small annual profit of £1.4million despite having its bowling lanes either closed or running at reduced capacity for most of this year. Profits were still down 93.4 per cent on the 2019/20 financial year though.

Alok Sharma insists investors are ‘very positive’ about UK’s future

Consumer goods giant Unilever will put its climate change plans to a shareholder vote