Money Minute Tuesday 11 February: how the UK economy is doing
In today's Money Minute we get the latest figures on the UK's economic growth, plus trading updates from the AA and TUI and full-year results from Ocado.
Good morning and welcome to Money Minute, where we preview the day's biggest financial stories.
Today in the UK we get the initial estimate for fourth quarter GDP growth. The UK’s economic output is expected to have increased by a fairly mediocre 0.9% year on year. However, more recent data suggests that activity has picked back up since the election - although the potential impact of coronavirus on global growth remains to be seen.
In corporate news, we get a trading update from troubled motoring services group AA and first quarter earnings from tour operator TUI. We also get full-year results from grocery delivery specialists Ocado. Investors will be particularly keen to hear how the company’s tie-up with Marks & Spencer is going.
Over in the US, voting in the New Hampshire primary takes place today. Bernie Sanders, Pete Buttigieg and Mike Bloomberg currently look like the front runners, with previous favourite Joe Biden close to written off.
However, whoever they plan to vote for, Democrats across the board will be hoping that it all goes more smoothly than the Iowa debacle.