Today

Schroders confirmed last week that it is in talks with Lloyds over a wealth management tie-up as the City fund giant attempts to ride out volatile market conditions.

Its shares are struggling at their lowest level since 2016 as concerns about the trade war between the US and China, and rising interest rates at the Federal Reserve, grip markets. Peter Harrison, the company’s chief executive, said at the interim stage that Schroders was delivering “robust revenue growth” amid a “challenging backdrop”.

Trading update:

Rio Tinto, Schroders

Economics:

Retail sales (US)

Tomorrow

Investors have put the boot in at struggling fashion retailer Footasylum since its IPO last November with its shares plunging 83pc in under a year.

Executive chairman Barry Bown blamed “weak consumer sentiment” and the “challenging” environment for another profit warning in September. The firm warned that there is “no sign” of a recovery on the high street.