Features

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.

Investors will be focusing on whether this has continued. They'll be paying close attention to growth in like-for-like sales, as well as to any commentary on how confident consumers are feeling.

Other corporate news is due from outsourcing group Mitie and from cruise operator Carnival.

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.

Recommended

The charts that matter: inflation, bubbles, and booze
Economy

The charts that matter: inflation, bubbles, and booze

As US stocks head higher into bubble territory, John Stepek looks at the charts that matter most to the global economy.
23 Jan 2021
23 January 1967: Milton Keynes founded
This day in history

23 January 1967: Milton Keynes founded

The most famous of Britain's garden cities, Milton Keynes in Buckinghamshire, was founded on this day in 1967.
23 Jan 2021
Quiz of the week 16-22 January
Economy

Quiz of the week 16-22 January

A Japanese car-maker announced plans to continue its UK operation, safeguarding 6,000 British jobs. But which one? And what else happened this week? T…
22 Jan 2021
22 January 1924: Ramsay MacDonald becomes prime minister
This day in history

22 January 1924: Ramsay MacDonald becomes prime minister

Ramsay MacDonald was one of the founder members of the Labour party, which he took to power on this day in 1924.
22 Jan 2021

Most Popular

The FTSE 100 is set for a makeover with an influx of new tech stocks
UK stockmarkets

The FTSE 100 is set for a makeover with an influx of new tech stocks

The FTSE 100 – the dullest index in the world – is about to reinvent itself as a host of new firms list on the market. The change is long overdue, say…
24 Jan 2021
Why we won’t see a house-price crash in 2021
House prices

Why we won’t see a house-price crash in 2021

Lockdown sent house prices berserk as cooped up home-workers fled for bigger properties in the country. And while they won’t rise quite as much this y…
18 Jan 2021
Think Tesla is a bubble? This might be the best way to bet on it bursting
Oil

Think Tesla is a bubble? This might be the best way to bet on it bursting

The huge rise in Tesla’s share price means that, by market value, it’s now the sixth-largest company in the US and and the world’s biggest car-maker. …
25 Jan 2021