Protests planned amid fallout from P&O Ferries ‘jobs massacre’ – live updates Business

gHello. Demonstrations are planned against the brutal sacking of 800 P&O workers, with events planned in Dover, Hull and Liverpool.

Elsewhere, oil prices are climbing again, with Brent rising near $110 a barrel, amid doubts over talks between Russia and Ukraine. Meanwhile, the FTSE 100 is expected to build on yesterday’s gains with a moderate rise at the open.

5 things to start your day

1) The Sheikh, the unions and the battle for P&O Ferries Dubai leader stands up to RMT as staff of government-owned company forced off ships by security

2) Bank warns of 10% inflation risk after third interest rate hike Monetary Policy Committee takes steps to tackle inflation despite war in Ukraine hampering growth

3) TM Lewin collapses for the second time in two years Nearly 50 jobs at risk as administrators search for buyers for the company

4) AstraZeneca set to drop push for US vaccine approval The company has been in talks with US regulators for months

5) Banks ‘losing patience’ after Hong Kong zero Covid policy fails Financial center chief Carrie Lam hints at overhaul of strict quarantine rules

What happened overnight

Stocks were mostly weaker in Asia on Friday after Wall Street extended a rally into a third day and oil prices rose. Tokyo and Sydney advanced while Hong Kong, Shanghai and Seoul declined.

Hong Kong’s Hang Seng faltered after surging for two days as Chinese leaders vowed to provide more support for the economy and markets, suggesting Beijing could temper its crackdown on tech and property companies.

The Shanghai Composite slipped 0.3pc to 3,205.90.

coming today

  • Business : ContourGlobal, Essentra (full year); JD Wetherspoon (temp worker); Investec (commercial update)
  • Economy: Labor cost (EU)

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This notice was published: 2022-03-18 08:32:38

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