Money Minute Thursday 26 September: UK pubs and American jobs
In today's Money Minute, we get an update from pubco Mitchells & Butlers, plus the latest employment data from the US.
In the UK this morning, we get a trading update from FTSE 250-listed pubs and restaurants operator Mitchells & Butlers.At its third quarter update in July, the group which owns the All Bar One and Harvester chains - sounded upbeat, noting that its sales had outperformed the wider market.
Other corporate news is due from outsourcing group Mitie and from cruise operator Carnival.
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In the US this afternoon, we have the usual weekly jobless claims figures.The US labour market has continued to be strong, despite market fears of recession.However, employment is a lagging indicator it doesn't start deteriorating until we've already seen signs that the economy is in trouble.So with manufacturing data looking ugly, investors will continue to watch for evidence that a downturn is starting to impact on hiring and firing.
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Are you being haunted by the ghost of Christmas past? How festive cutbacks could boost your long-term wealthThe average family spends around £1,000 over the Christmas season. Here’s how much you could have gained if you had invested some of the money instead.
