FTSE LIVE: Pound steady as cross-party Brexit talks restart; British Land offloads Sainsbury’s stores to slash retail exposure; Oil prices soar
- MPs are back today after the Easter break and cross-party Brexit talks resume
- British Land is offloading stores as it reduces its exposure to the retail sector
- Brent oil has risen to more then $74 overnight – up from under $72 before Easter
Cross-party Brexit talks restart today as MPs return from the Easter recess and the clock ticks down to the European Parliament election.
Property giant British Land is selling off 12 Sainsbury’s superstores for £429million under plans to slash its exposure to the troubled retail sector from around 50 per cent to about a third.
Oil prices have continued to soar to more than $74 a barrel as President Donald Trump tightens the sanctions on Iranian imports.
The FTSE 100 opened in the green, up just a handful of points to 7,469.51 in early trading