ASK TONY: Farcical Virgin Media can’t decide if I’m deep in debt or owed hundreds of pounds! Can I be made redundant while I’m on maternity regal international forex? Do you have pogs worth a mint at home? 50 billion to settle its EU divorce bill, in a move that could open the door for trade talks.
The UK currency was up around 0. 344 against the US dollar, hitting its highest level since September 28. Versus the euro, sterling climbed 0. The pound’s ascent weighed on the FTSE 100, which tumbled 0. 56 points, as many of its listed multinational firms tend to benefit when the UK currency is weaker.
It fell behind its European peers, with the French Cac 40 rising 0. 14 per cent and the German Dax ending the day nearly flat. Investors were taking reports of the higher Brexit bill offer as a sign there could finally be a breakthrough in talks between British and EU officials. The FTSE 250, which hosts a higher proportion of domestically focused shares, ended the day higher by 0. In oil markets, Brent crude prices were down over 0.
04 per barrel as investors fretted over whether Opec and other major producers such as Russia would end up striking a deal that would extend production cuts and help battle bloated supplies. It comes ahead of the Opec meeting in Vienna on Thursday. In UK stocks, London Stock Exchange Group shares ended the day higher by 5p at 3,805p. Lloyds Banking Group shares rose 2.
1p amid news that it will close 49 branches and axe almost 100 jobs partly in response to changing customer behaviour. ZPG – the company behind online property portal Zoopla – slumped 23. Shares in soft drink giant Britvic jumped 52. 5p to 557p as it confirmed it was in advanced discussions with US cinema chain Regal over a 3. The biggest risers on the FTSE 100 were Next up 189p to 4,503p, Kingfisher up 13. 5p, Royal Bank of Scotland Group up 10.