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FTSE LIVE: Pound slides as DUP rejects Brexit deal; WHSmith snaps up travel retail rival


FTSE LIVE: Pound slides as DUP rejects Brexit deal; WHSmith snaps up another travel retail rival; Domino’s to pull out of international markets

  • The pound sunk 0.5% within minutes of the DUP stating it cannot back the deal
  • WHSmith has agreed to buy US travel retailer Marshall Retail Group for £312m
  • Domino’s Pizza plans to withdraw from international markets 

The volatile pound rocketed on Wednesday amid hopes for a deal, but the currency’s optimism has faded in early trading today, with negative soundings from the DUP ahead of the all-important EU summit sending it back to $1.2759 and €1.1525. 

WHSmith’s fast growing travel arm is about to get another boost as the group revealed plans to snap up US travel rival Marshall Retail Group for £312million. The deal comes a year after WHSmith bought travel retailer InMotion for £155million.

David Wild, outgoing boss Domino’s Pizza, said today that the chain’s international business ‘remains disappointing’ so the board has decided to exit the markets.  

The pound optimism has faded in early trading today amid negative soundings from the DUP

The pound optimism has faded in early trading today amid negative soundings from the DUP

 

 

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